INTANGIBLE ASSETS

3 Months Ended

Dec. 31, 2018

INTANGIBLE ASSETS

NOTE 5 - INTANGIBLE ASSETS

The Company’s intangible assets consist of customer lists, testing licenses, favorable leases and websites. The components of intangible assets as of December 31, 2018 and September 30, 2018 consist of:

	December 31, 2018			September 30, 2018
Customer list	$	839,207		$	865,672
License		503,000			503,000
Favorable lease		3,100			3,100
Websites		49,295			49,690
Non-compete agreements		179,625			184,563
Assembled Workforce		50,750			50,750
Intellectual Property		325,092			342,610
Total		1,950,069			1,999,385
Accumulated amortization		(411,487	)		(318,815	)
Net value	$	1,538,582		$	1,680,570

The Company estimates amortization to be recorded on existing intangible assets from December 31, 2018 through the estimated lives to be:

	Amortization
2019	$	282,818
2020		343,273
2021		304,689
2022		235,509
2023		195,533
2024		123,382
2025		43,243
2026		2,317
2027		2,317
2028		2,317
2029		2,317
2030		868
Total	$	1,538,582