Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.22.2.2
Intangible Assets
12 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets 10. Intangible Assets

 

Intangible assets consist of the following, in thousands:

 

 

 

 

 

September 30,

 

 

 

Useful Life

 

2022

 

 

2021

 

Customer lists

 

6-10 years

 

$

1,609

 

 

$

1,609

 

Trade names

 

3-15 years

 

 

879

 

 

 

879

 

 

 

 

 

 

2,488

 

 

 

2,488

 

Accumulated amortization

 

 

 

 

(1,730

)

 

 

(1,630

)

Intangible assets, net

 

 

 

$

758

 

 

$

858

 

 

During each fiscal year, we periodically assessed whether any indicators of impairment existed related to our intangible assets. As of each interim period end during each fiscal year, we concluded that a triggering event had not occurred that would more likely than not reduce the fair value of intangible assets below their carrying value.

 

Amortization expense related to intangible assets at our continuing operations was $0.1 million, $0.2 million and $0.3 million in 2022, 2021 and 2020, respectively. Future amortization expense for the remaining unamortized balance as of September 30, 2022 is estimated as follows, in thousands:

 

Years Ending September 30,

 

Amortization
Expense

 

2023

 

$

100

 

2024

 

 

98

 

2025

 

 

97

 

2026

 

 

97

 

2027

 

 

97

 

Thereafter

 

 

269

 

Total

 

$

758