Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Goodwill and Patents

Note 8 - Goodwill and Patents
3 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
Note 8. Goodwill and Patents
The Company analyzes its goodwill for impairment annually or at an interim period when events occur or changes in circumstances indicate potential impairment. The result of the analysis performed in the fourth quarter ended September 30, 2015 did not indicate an impairment of goodwill. During the quarter ended December 31, 2015, there were no triggering events that indicate potential impairment exists.
The Company capitalizes legal costs incurred to obtain patents. Once accepted by either the U.S. Patent Office or the equivalent office of a foreign country, these legal costs are amortized using the straight-line method over the remaining estimated lives, not exceeding 20 years. As of December 31, 2015, the Company has five patents granted and five pending applications inside the United States.