4. INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

The following table provides information regarding the Company’s intangible assets, which consist of the following:

	2019									2018
	Trademark			Customer Relationships			Total Intangible Assets			Trademark			Customer Relationships			Total Intangible Assets
Gross carrying amount	$	475,000		$	1,050,000		$	1,525,000		$	475,000		$	1,050,000		$	1,525,000
Less accumulated amortization		(53,703	)		(222,585	)		(276,288	)		(22,123	)		(91,695	)		(113,818	)
Net carrying amount	$	421,297		$	827,415		$	1,248,712		$	452,877		$	958,305		$	1,411,182

Estimated amortization expense

Estimated amortization expense for the Company’s intangible assets for each of the five succeeding years and thereafter at September 30, 2019 is as follows:

Years ending September 30,		Amount
	2020	$	162,917
	2021		162,917
	2022		162,917
	2023		162,917
	2024		162,917
	Thereafter		434,127
	Total	$	1,248,712