Intangible Assets

6 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company groups assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted future cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis or appraisals.

Intangible assets with their associated accumulated amortization and impairment at March 31, 2022 and September 30, 2021 are as follows, in thousands:


	March 31, 2022
Intangible assets:	Gross		Accumulated Amortization		Net
Customer relationships – 10 years	$	3,155	$	(2,833)	$	322
Trade name – 10 years	2,122		(1,496)		626
Total intangible assets	$	5,277	$	(4,329)	$	948


	September 30, 2021
Intangible assets:	Gross		Accumulated Amortization		Net
Customer relationships – 10 years	$	3,155	$	(2,780)	$	375
Trade name – 10 years	2,122		(1,390)		732
Total intangible assets	$	5,277	$	(4,170)	$	1,107