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EXCEL - IDEA: XBRL DOCUMENT - Teleconnect Inc.Financial_Report.xls
10-K - FORM 10-K - Teleconnect Inc.v330446_10k.htm
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EX-31.2 - EXHIBIT 31.2 - Teleconnect Inc.v330446_ex31-2.htm
v2.4.0.6
PATENTS AND TRADE NAMES
12 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

8. PATENTS AND TRADE NAMES

 

The components of patents and trade name assets as of September 30, 2012:


 

    Weighted-
Average
Useful
Life
(in years)
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net  
September 30, 2012                                
Finite-lived intangible assets                                
Terminal and kiosk hardware designs     5     $ 633,557     $ (248,481 )   $ 385,076  
Patents and processes     10       1,853,143       (360,479 )     1,492,664  
Trade names     10       993,496       (194,819 )     798,677  
Total           $ 3,480,196     $ (803,779 )   $ 2, 676,417  

 

The components of patents and trade name assets as of September 30, 2011:

 

    Weighted-
Average
Useful
Life
(in years)
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net  
September 30, 2011                                
Finite-lived intangible assets                                
Terminal and kiosk hardware designs     5     $ 661,633     $ (127,163 )   $ 534,470  
Patents and processes     10       1,919,732       (184,479 )     1,735,253  
Trade names     10       1,037,524       (99,701 )     937,823  
Total           $ 3,618,889     $ (411,343 )   $ 3,207,546  

 

Total amortization of $411,413 and $424,869 was included in the consolidated financial statements for the year ended September 30, 2011 and 2012. Amortization expense for these intangible assets is expected to be approximately $411,000 annually in each of the next five years.