Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Goodwill and Patents

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Note 8 - Goodwill and Patents
3 Months Ended
Dec. 31, 2016
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,
2016
did
not
indicate an impairment of goodwill. During the quarter ended
December
31,
2016,
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,
2016,
the Company has
nine
patents granted and
nine
pending applications inside the United States.