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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Jun. 30, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of goodwill by reporting segment

 

 

June
2014

 

September
2013

 

Wholesale Segment

 

$

4,436,950 

 

$

4,436,950 

 

Retail Segment

 

1,912,877 

 

1,912,877 

 

 

 

$

6,349,827 

 

$

6,349,827 

 

 

Schedule of other intangible assets

 

 

June
2014

 

September
2013

 

Trademarks and tradenames

 

$

3,373,269 

 

$

3,373,269 

 

Non-competition agreement (less accumulated amortization of $0.3 million and $0.2 million at June 2014 and September 2013, respectively)

 

191,667 

 

266,667 

 

Customer relationships (less accumulated amortization of $1.1 million and $0.9 million at June 2014 and September 2013, respectively)

 

982,292 

 

1,181,042 

 

 

 

$

4,547,228 

 

$

4,820,978 

 

 

Schedule of estimated future amortization expense related to identifiable intangible assets with finite lives

Estimated future amortization expense related to identifiable intangible assets with finite lives is as follows at June 2014:

 

Customer relationships

 

June
2014

 

Fiscal 2014 (1)

 

$

91,250 

 

Fiscal 2015

 

365,000 

 

Fiscal 2016

 

331,667 

 

Fiscal 2017

 

265,000 

 

Fiscal 2018

 

79,375 

 

Thereafter

 

41,667 

 

 

 

$

1,173,959 

 

 

 

(1) Represents amortization for the remaining three months of Fiscal 2014.