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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Sep. 30, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of goodwill by reporting segment

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

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

 

 

 

 

 

 

 

 

 

 

2016

    

2015

 

Trademarks and tradenames (Retail Segment)

 

$

3,373,269

 

$

3,373,269

 

Non-competition agreement (less accumulated amortization of approximately $0.5 million at September 2016 and $0.4 million at September 2015)

 

 

 —

 

 

66,667

 

Customer relationships (Wholesale Segment) (less accumulated amortization of approximately $1.7 million and $1.5 million at September 2016 and September 2015, respectively)

 

 

386,042

 

 

651,042

 

 

 

$

3,759,311

 

$

4,090,978

 

 

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

 

 

 

 

 

Fiscal 2017

 

$

265,000

 

Fiscal 2018

 

 

79,375

 

Fiscal 2019

 

 

41,667

 

 

 

$

386,042