Annual report pursuant to Section 13 and 15(d)

Intangibles

Intangibles

12 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Note 7: Intangibles

The Company’s intangible assets consist of customer relationship intangibles, trade names, licenses for the use of internet domain names, Universal Resource Locators, or URL’s, software, and marketing and technology related intangibles.

The following table details the Company's intangible assets as of September 30, 2023 and 2022, respectively (in $000’s):


	September 30, 2023		September 30, 2022
Intangible assets, net:
Intangible assets - Tradenames	$	14,940	$	808
Intangible assets - Customer Relationships	13,874		4,598
Intangible assets - Other	2,316		587
	31,130		5,993
Less: Accumulated amortization	(4,562)		(2,149)
Total intangible assets, net	$	26,568	$	3,844

Intangible amortization expense was approximately $3.4 million and $960,000 for the years ended September 30, 2023 and 2022, respectively.

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


As of September 30,
2024	$	4,439
2025	4,424
2026	4,415
2027	4,307
2028	3,983
Thereafter	5,000
	$	26,568