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8. INTANGIBLE ASSETS | 12 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | 8. INTANGIBLE ASSETS Intangible assets consist of the following as of September 30, 2023 and 2022:
|  | September 30, 2023 |  |  | September 30, 2022 |
($ in thousands) |  | Intangible assets |  |  | Accumulated amortization |  |  | Net intangible assets |  |  | Intangible assets |  |  | Accumulated amortization |  |  | Net intangible assets |
Software |  | $ | 440 |  |  | $ | (90 | ) |  | $ | 350 |  |  | $ | 210 |  |  | $ | — |  |  | $ | 210 |
Websites |  |  | 15 |  |  |  | (8 | ) |  |  | 7 |  |  |  | 23 |  |  |  | (11 | ) |  |  | 12 |
Strategic Contract |  |  | 9,800 |  |  |  | (5,554 | ) |  |  | 4,246 |  |  |  | 9,800 |  |  |  | (3,537 | ) |  |  | 6,263 |
Total |  | $ | 10,255 |  |  | $ | (5,652 | ) |  | $ | 4,603 |  |  | $ | 10,033 |  |  | $ | (3,548 | ) |  | $ | 6,485 |
Amortization expense for the years ended September 30, 2023 and 2022 was $2,113 and $1,963, respectively. During the years ended September 30, 2023 and 2022, the Company did not incur impairment losses related to the above intangible assets. The strategic contract relates to supply of a critical input to our bitcoin mining business at significantly lower prices compared to market. The Company expects to record amortization expense of intangible assets over the next 5 years and thereafter as follows:
Fiscal Year |  |  |
($ in thousands) |  | September 30, 2023 |
2024 |  |  | 2,053 |
2025 |  |  | 2,050 |
2026 |  |  | 415 |
2027 |  |  | 78 |
2028 |  |  | 7 |
Total |  | $ | 4,603 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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