8. INTANGIBLE ASSETS

6 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

8. INTANGIBLE ASSETS

Intangible assets consist of the following as of March 31, 2024 and September 30, 2023:

	March 31, 2024							September 30, 2023
($ in thousands)	Intangible assets		Accumulated amortization			Net intangible assets		Intangible assets		Accumulated amortization			Net intangible assets
Software	$	608	$	(143	)	$	465	$	440	$	(90	)	$	350
Websites		15		(11	)		4		15		(8	)		7
Strategic Contract		9,800		(6,533	)		3,267		9,800		(5,554	)		4,246
Total	$	10,423	$	(6,687	)	$	3,736	$	10,255	$	(5,652	)	$	4,603

Amortization expense for the six months ended March 31, 2024 and 2023 was $1,035 and $1,019, respectively.

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

Fiscal Year
($ in thousands)	March 31, 2024
2024	$	1,043
2025		2,083
2026		449
2027		119
2028		42
Total	$	3,736