Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET

v3.19.1
INTANGIBLE ASSETS, NET
6 Months Ended
Mar. 31, 2019
INTANGIBLE ASSETS, NET [Abstract]  
INTANGIBLE ASSETS, NET
NOTE 5 – INTANGIBLE ASSETS, NET

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

   
March 31,
2019
   
September
30,
2018
 
             
Trade name and trademarks
 
$
10,000
   
$
10,000
 
Customer base
   
119,924
     
119,924
 
     
129,924
     
129,924
 
Less: accumulated amortization
   
(8,939
)
   
(1,277
)
   
$
120,985
   
$
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 six months ended March 31, 2019 was $7,662, resulting in an unamortized balance of $120,985 as of March 31, 2019.