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Business Combinations (Tables)

12 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Estimated Fair Values of Assets acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed from the ID R&D Acquisition as of September 30, 2021 (amounts shown in thousands):

Current assets			$	320
Property, plant, and equipment			114
Intangible assets			16,930
Goodwill			27,748
Current liabilities			(425)
Other non-current liabilities			(2,355)
Net assets acquired			$	42,332

Schedule of Estimated Useful Lives of Assets Acquired

The following table summarizes the estimated fair values and estimated useful lives of intangible assets with definite lives acquired from the ID R&D Acquisition during the twelve months ended September 30, 2021 (amounts shown in thousands, except for years):

			Amortization Period						Amount assigned
Completed technologies			7.0 years						$	14,020
Customer relationships			3.0 years						2,540
Trade names			5.0 years						370
Total intangible assets acquired									$	16,930

Schedule of Pro Forma Information

The following unaudited pro forma financial information should not be taken as representative of the Company’s future consolidated results of operations and includes adjustments for the amortization expense related to the identified intangible assets. The following table summarizes the Company’s unaudited pro forma financial information and is presented as if the ID R&D Acquisition occurred on October 1, 2018 (amounts shown in thousands):

			For the twelve months ended September 30,
			2021						2020
Pro forma revenue			$	121,533					$	102,880
Pro forma net income (loss)			$	4,977					$	2,919

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Name Accounting Standards Codification
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- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

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-Publisher FASB
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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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