v3.24.1.u1
Intangible Assets, Net
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Intangible Assets, Net [Abstract]    
Intangible Assets, net

Note 8 — Intangible Assets, net

Intangible assets, net consist of the following:

 

Estimated
Useful Life (years)

 

December 31, 2023

 

September 30, 2023

Gross

 

Accumulated
Amortization

 

Net

 

Gross

 

Accumulated
Amortization

 

Net

Developed technology

 

7 – 10

 

$

7,289

 

$

(2,441

)

 

$

4,848

 

$

7,289

 

$

(2,238

)

 

$

5,051

Customer relationships

 

10 – 15

 

 

6,400

 

 

(85

)

 

 

6,315

 

 

300

 

 

(64

)

 

 

236

Trade names

 

2

 

 

100

 

 

(2

)

 

 

98

 

 

—

 

 

—

 

 

 

—

Backlog

 

1

 

 

300

 

 

(11

)

 

 

289

 

 

—

 

 

—

 

 

 

—

       

$

14,089

 

$

(2,539

)

 

$

11,550

 

$

7,589

 

$

(2,302

)

 

$

5,287

The Company recorded amortization expense related to intangible assets of $237 and $211 during the three months ended December 31, 2023 and 2022, respectively. The weighted-average remaining lives of intangible assets as of December 31, 2023 were developed technology 6.1 years; customer relationships 14.7 years; trade names 2.0 years; and backlog 1.0 years.

Estimated future amortization expense for intangible assets by fiscal year as of December 31, 2023 is as follows:

Years ending September 30,

   

2024 (remaining nine months)

 

$

1,198

2025

 

 

1,361

2026

 

 

1,257

2027

 

 

1,247

2028

 

 

1,213

Thereafter

 

 

5,274

Total

 

$

11,550

Note 5 — Intangible Assets, net

Intangible assets, net consist of the following:

 

Estimated
Useful Life
(years)

 

September 30, 2023

 

September 30, 2022

   

Gross

 

Accumulated
Amortization

 

Net

 

Gross

 

Accumulated
Amortization

 

Net

Developed technology

 

7 – 10

 

$

7,289

 

$

(2,238

)

 

$

5,051

 

$

7,289

 

(1,428

)

 

$

5,861

Customer relationships

 

10

 

 

300

 

 

(64

)

 

 

236

 

 

300

 

(33

)

 

 

267

The Company recorded amortization expense related to intangible assets of $841 and $840 during the years ended September 30, 2023 and 2022, respectively. The weighted-average remaining lives of developed technology and customer relationships as of September 30, 2023 were 6.4 years and 7.9 years, respectively.

Estimated future amortization expense for intangible assets by fiscal year as of September 30, 2023 is as follows:

Years ending September 30,

 

 

 

2024

 

$

840

2025

 

 

840

2026

 

 

840

2027

 

 

840

2028

 

 

806

Thereafter

 

 

1,121

Total

 

$

5,287