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Supporting Financial Information
 12 Months Ended
Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supporting Financial Information Supporting Financial Information
Accounts receivable

The following table summarizes Accounts receivable presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
20222021
Billed receivables$32,814 $26,140 
Contract assets7,682 7,307 
Allowance for doubtful accounts— — 
Accounts receivable$40,496 $33,447 

Other current assets

The following table summarizes Other current assets presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
20222021
Prepaid insurance and benefits$737 $655 
Other receivables945 995 
Prepaid expenses1,196 2,615 
Other current assets$2,878 $4,265 

Equipment and improvements, net

The following table summarizes Equipment and improvements, net presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
20222021
Furniture and equipment$893 $958 
Computer equipment2,316 1,262 
Computer software4,407 4,353 
Leasehold improvements1,614 1,595 
Total equipment and improvements9,230 8,168 
Less: accumulated depreciation and amortization(7,526)(6,256)
Equipment and improvements, net$1,704 $1,912 

Depreciation and amortization was $1.1 million and $1.5 million for the years ended September 30, 2022 and 2021, respectively.
Intangible assets, net

The following table summarizes Intangible assets, net presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
20222021
Intangible assets
Customer contracts and related customer relationships$62,281 $62,281 
Covenants-not-to-compete522 522 
Trade names3,051 3,051 
Total intangible assets65,854 65,854 
Less accumulated amortization
Customer contracts and related customer relationships(23,606)(17,378)
Covenants-not-to-compete(316)(264)
Trade names(1,048)(743)
Total accumulated amortization(24,970)(18,385)
Intangible assets, net$40,884 $47,469 

Total amount of amortization expense for each of the years ended September 30, 2022 and 2021 was $6.6 million.

As of September 30, 2022, the estimated annual amortization expense is as follows:

For the Fiscal Year Ending September 30,(in thousands)
2023$6,585 
20246,585 
20256,585 
20265,851 
20274,823 
Thereafter10,455 
Total amortization expense$40,884 

Accounts payable and accrued liabilities

The following table summarizes Accounts payable and accrued liabilities presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
20222021
Accounts payable$11,886 $16,684 
Accrued benefits3,857 2,916 
Accrued bonus and incentive compensation3,625 2,381 
Accrued workers' compensation insurance4,880 7,014 
Other accrued expenses2,614 3,722 
Accounts payable and accrued liabilities$26,862 $32,717 
Debt obligations

The following table summarizes Debt obligations presented on our consolidated balance sheets at September 30, 2022 and 2021 (in thousands):
20222021
Secured term loan$22,000 $46,750 
Less: unamortized deferred financing costs(1,584)(2,114)
Long-term portion of debt obligations, net of deferred financing costs$20,416 $44,636 

As of September 30, 2022 and 2021, we had no outstanding balance on our secured revolving line of credit and have satisfied mandatory principal payments on our secured term loan for the next twelve months.
    
Interest expense

The following table summarizes Interest expense presented on our consolidated statements of operations for the years ending September 30, 2022 and 2021 (in thousands):
20222021
Interest expense (a)$1,551 $2,992 
Amortization of deferred financing costs (b)664 792 
Interest expense$2,215 $3,784 

(a): Interest expense on borrowing
(b): Amortization of expenses related to secured term loan and secured revolving line of credit.