4. Intangible Assets (Details Narrative) - USD ($) |
12 Months Ended | |
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Sep. 30, 2015 |
Sep. 30, 2014 |
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Goodwill | $ 800,000 | $ 1,169,904 |
Software purchased | 1,500,000 | |
Amortization expense | 575,532 | 441,978 |
Long-lived intangible assets impaired | 2,543,568 | 0 |
Goodwill impaired | 1,169,904 | |
Modern Everyday, Inc. [Member] | ||
Goodwill | $ 800,000 | |
Marquis Industries, Inc. | ||
Goodwill | $ 1,169,904 | |
Domain Name and Marketing [Member] | ||
Useful lifes of intangible assets | 3-20 years | |
Website and Technology [Member] | ||
Useful lifes of intangible assets | 3-5 years | |
Covenant Not To Compete [Member] | ||
Useful lifes of intangible assets | 4 years |
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- References No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, resulting from a business combination. No definition available.
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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