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BUSINESS COMBINATIONS (Tables)

12 Months Ended

Sep. 30, 2023

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 and HooYu Acquisition as of September 30, 2023 (amounts in thousands):

			ID R&D						HooYu
Accounts receivable			$	173					$	1,234
Property, plant, and equipment			114						504
Other current assets			147						630
Intangible assets			16,930						73,100
Goodwill			27,748						74,206
Current liabilities			(425)						(2,264)
Deferred revenue			—						(2,612)
Deferred income tax liabilities			(2,355)						(16,896)
Net assets acquired			$	42,332					$	127,902

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 and HooYu Acquisition during the twelve months ended September 30, 2023 (amounts in thousands, except for years):

ID R&D

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

HooYu

			Amortization Period						Amount assigned
Completed technologies			7.0 years						$	61,400
Customer relationships			5.0 years						5,000
Trade name			5.0 years						6,100
Covenants not to compete			3.0 years						$	600
Total intangible assets acquired									$	73,100

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 and HooYu Acquisition occurred on October 1, 2020 and 2021, respectively (amounts shown in thousands):

			For the twelve months ended September 30,
			2022						2021
Pro forma revenue			$	149,679					$	130,302
Pro forma net income (loss)			$	(6,683)					$	(8,516)

The following table summarizes the results of ID R&D and HooYu that are included in the Company’s consolidated results (amounts shown in thousands):

			For the twelve months ended September 30,
			2022						2021
ID R&D
Revenue			$	5,663					$	849
Net Income (loss)			$	(3,769)					$	(3,021)
HooYu
Revenue			$	5,738
Net Income (loss)			$	(1,587)

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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-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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