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INTANGIBLE ASSETS
6 Months Ended
Mar. 31, 2024
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS
4.
INTANGIBLE ASSETS
 
A summary of intangible assets and the estimated useful lives used in the computation of amortization is as follows (in thousands):

   
March 31,
2024
   
September 30,
2023
 
Life
Customer relationships
 
$
25,570
   
$
25,238
 
10-24 Years
Trademarks/names
   
4,541
     
4,559
 
1-20 Years
Trademarks/names
   
541
     
521
 
Indefinite
Other
   
2,007
     
1,929
 
2-22 Years

   
32,659
     
32,247
   
Less: Accumulated Amortization
   
(10,644
)
   
(9,564
)
 
Intangible assets, net
 
$
22,015
   
$
22,683
   

The composition of the intangible assets balance at March 31, 2024 and September 30, 2023 is as follows (in thousands):

   
March 31,
2024
   
September 30,
2023
 
Logistics
 
$
18,174
   
$
18,174
 
Life Sciences     6,785       6,373  
Manufacturing
   
7,700
     
7,700
 

   
32,659
     
32,247
 
Less: Accumulated Amortization
   
(10,644
)
   
(9,564
)
Intangible assets, net
 
$
22,015
   
$
22,683
 

Amortization expense for the six months ended March 31, 2024 and 2023 was $1,080 and $1,069, respectively.