Quarterly report pursuant to Section 13 or 15(d)

Intangibles

Intangibles

9 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The following table details the Company's intangibles as of June 30, 2023 and September 30, 2022 (in $000's):


	June 30, 2023		September 30, 2022
Intangible assets, net:
Intangible assets - Tradenames	$	14,390	$	808
Intangible assets - Customer relationships	10,824		4,598
Intangible assets - Other	2,316		587
	27,530		5,993
Less: Accumulated amortization	(3,413)		(2,149)
Total intangibles, net	$	24,117	$	3,844

In connection with the disposition of SW Financial (see Note 4), the Company deconsolidated approximately $1.3 million of customer relationships, net, and $72,000 of domain names, net, which were included in the calculation of the loss on disposition.

Amortization expense was $978,000 and $210,000, respectively, for the three months ended June 30, 2023 and 2022, and $2.2 million and $706,000 for the nine months ended June 30, 2023 and 2022.

The following table summarizes estimated future amortization expense related to intangible assets that have net balances (in $000’s):


Twelve months ending June 30,
2024	$	3,968
2025	3,910
2026	3,910
2027	3,812
2028	3,668
Thereafter	4,849
	$	24,117