6. INTANGIBLE ASSETS

9 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

6.INTANGIBLE ASSETS

Intangible assets consist of the following as of June 30, 2023 and September 30, 2022:

	June 30, 2023							September 30, 2022
($ in thousands)	Intangible assets		Accumulated amortization			Net intangible assets		Intangible assets		Accumulated amortization			Net intangible assets
Software	$	440	$	(68	)	$	372	$	210	$	—		$	210
Websites		15		(7	)		8		23		(11	)		12
Strategic Contract		9,800		(5,064	)		4,736		9,800		(3,537	)		6,263
Total	$	10,255	$	(5,139	)	$	5,116	$	10,033	$	(3,548	)	$	6,485

Amortization expense for the nine months ended June 30, 2023 and 2022 was $1,599 and $1,475, respectively.

The Company expects to record amortization expense of intangible assets over the next 5 years and thereafter as follows:

Fiscal Year
($ in thousands)	June 30, 2023
Remainder of FY 2023	$	513
2024		2,053
2025		2,050
2026		415
2027		78
Thereafter		7
Total	$	5,116