Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

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Intangible Assets and Goodwill
 3 Months Ended
Dec. 31, 2021
Intangible Assets and Goodwill [Abstract]  
Intangible Assets and Goodwill Note 7 – Intangible Assets and Goodwill Intangible Assets The gross carrying amounts and net book value of intangible assets were as follows at December 31, 2021: Gross Carrying Accumulated Net Book Amount Amortization ValueIntangible asset with finite life: Covenants not-to-compete$ 500,000 $ 369,048 $ 130,952Indefinite-lived intangible assets: Acquired in-process research and development assets 3,900,000 — 3,900,000Total intangible assets$ 4,400,000 $ 369,048 $ 4,030,952 The gross carrying amounts and net book value of intangible assets were as follows at September 30, 2021: Gross Carrying Accumulated Net Book Amount Amortization ValueIntangible asset with finite life: Covenants not-to-compete$ 500,000 $ 351,190 $ 148,810Indefinite-lived intangible assets: Acquired in-process research and development assets 3,900,000 — 3,900,000Total intangible assets$ 4,400,000 $ 351,190 $ 4,048,810 Amortization expense was approximately $18,000 and $60,000 for the three months ended December 31, 2021 and 2020, respectively. Goodwill The carrying amount of goodwill at December 31, 2021 and September 30, 2021 was $6.9 million. There was no change in the balance during the three months ended December 31, 2021 and 2020.