Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET

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INTANGIBLE ASSETS, NET
3 Months Ended
Dec. 31, 2018
INTANGIBLE ASSETS, NET [Abstract]  
INTANGIBLE ASSETS, NET
NOTE 5 – INTANGIBLE ASSETS, NET

The Company’s intangible assets, net consist of the following:

   
December
31,
2018
   
September
30,
2018
 
             
Trade name and trademarks
 
$
10,000
   
$
10,000
 
Customer base
   
119,924
     
119,924
 
     
129,924
     
129,924
 
Less: accumulated amortization
   
(5,108
)
   
(1,277
)
   
$
124,816
   
$
128,647
 

The intangible assets have an estimated useful life ranging from 5 to 9 years.

Total amortization expense related to the intangible assets during the three months ended December 31, 2018 was $3,831, resulting in an unamortized balance of $124,816 as of December 31, 2018.