GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 3 Months Ended
Dec. 31, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of goodwill by reporting segment

 

 

December
2013

 

September
2013

 

Wholesale Segment

 

$

4,436,950

 

$

4,436,950

 

Retail Segment

 

1,912,877

 

1,912,877

 

 

 

$

6,349,827

 

$

6,349,827

 
Schedule of other intangible assets

 

 

December
2013

 

September
2013

 

Trademarks and tradenames

 

$

3,373,269

 

$

3,373,269

 

Non-competition agreement (less accumulated amortization of approximately $0.3 million at December 2013 and $0.2 million at September 2013)

 

241,667

 

266,667

 

Customer relationships (less accumulated amortization of $1.0 million and $0.9 million at December 2013 and September 2013, respectively)

 

1,114,792

 

1,181,042

 

 

 

$

4,729,728

 

$

4,820,978

 
Schedule of estimated future amortization expense related to identifiable intangible assets with finite lives

 

 

December
2013

 

Fiscal 2014 (1)

 

$

273,750

 

Fiscal 2015

 

365,000

 

Fiscal 2016

 

331,667

 

Fiscal 2017

 

265,000

 

Fiscal 2018

 

79,375

 

Thereafter

 

41,667

 

 

 

$

1,356,459

 

 

(1)  Represents amortization for the remaining nine months of Fiscal 2014.