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Fair Value Measurements (Tables) | 6 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Summary of Financial Assets and Liabilities Measured at Fair Value | The following tables summarize the Company’s financial assets and liabilities measured at fair value in the accompanying unaudited condensed consolidated balance sheets as of March 31, 2024 and September 30, 2023
|  | March 31, 2024
($ in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Investment in Equity Securities |  | $ | 191 |  |  | $ | - |  |  | $ | - |  |  | $ | 191 |
Liabilities: |  |  |  |  |  |  |  |
Contingent Consideration |  | - |  |  | - |  |  | 15,529 |  |  | 15,529 |
|  | September 30, 2023
($ in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Investment in Equity Securities |  | $ | 326 |  |  | $ | - |  |  | $ | - |  |  | $ | 326 |
Liabilities: |  |  |  |  |  |  |  |
Contingent Consideration |  | - |  |  | - |  |  | 21,181 |  |  | 21,181 |
Summary of Unrealized Gains (Losses) Recognized Related to Equity Securities | The portion of unrealized losses recognized related to equity securities still held as of March 31, 2024 and 2023 consists of the following:
($ in thousands) | Three Months Ended March 31, 2024 |  | Three Months Ended March 31, 2023
Net loss recognized during the period on equity securities | $ | 23 |  |  | $ | 20 |
Less net loss recognized during the period on equity securities sold during the period | - |  |  | - |
Unrealized loss recognized during the reporting period on equity securities still held at the reporting date | $ | 23 |  |  | $ | 20 |
($ in thousands) | Six Months Ended March 31, 2024 |  | Six Months Ended March 31, 2023
Net loss recognized during the period on equity securities | $ | 135 |  |  | $ | 280 |
Less net loss recognized during the period on equity securities sold during the period | - |  |  | - |
Unrealized loss recognized during the reporting period on equity securities still held at the reporting date | $ | 135 |  |  | $ | 280 |
Summary of Changes in Fair Value of Contingent Consideration | The following table sets forth the changes in fair value of our contingent consideration for the three and six months ended March 31, 2024:
($ in thousands) | Three Months Ended March 31, 2024
Balance as of December 31, 2023 | $ | 20,565 |
Additions from acquisitions | — |
Settlement of contingent consideration | (8,168) |
Change in fair value, including accretion | 3,132 |
Balance as of March 31, 2024 | $ | 15,529 |
($ in thousands) | Six Months Ended March 31, 2024
Balance as of September 30, 2023 | $ | 21,181 |
Additions from acquisitions | — |
Settlement of contingent consideration | (9,356) |
Change in fair value, including accretion | 3,704 |
Balance as of March 31, 2024 | $ | 15,529 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
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