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Variable Interest Entity | 12 Months Ended
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Sep. 30, 2024
Variable Interest Entity, Measure of Activity [Abstract] |
Variable Interest Entity | Variable Interest Entity In May 2023, the Company shut down the operations and deconsolidated the assets and liabilities of SW Financial. The Company recognized a loss on deconsolidation of SW Financial's assets and liabilities of approximately $1.7 million, as detailed in the table below (in $000’s):
Accounts payable |  | $ | 242 |
Lease liabilities |  | 728 |
Total deconsolidation of liabilities |  | 970 |
Cash |  | 187 |
Accounts receivable |  | 130 |
Other current assets |  | 187 |
Intangible assets |  |
Customer Relationships |  | 1,348 |
Tradenames |  | 72 |
Subtotal Intangible Assets |  | 1,420 |
Right-of-use assets |  | 687 |
Other assets |  | 55 |
Total deconsolidation of assets |  | 2,666 |
Total loss on disposition |  | $ | (1,696) |
In connection with the shutdown, on March 31, 2023, the Company entered into a Settlement Agreement and Mutual Release (“Agreement I”) with Angia Holdings, LLC and Thomas Diamante and Lawrence Zelin (“Principals”). Agreement I stipulated that the Principals would pay the Company $1.0 million within 10 days of the effective date of Agreement I, and an additional $1.0 million within 45 days of the effective date of Agreement I if a joint venture, with terms acceptable to the Company, was not formed. The Principals made the initial $1.0 million payment in April 2023, and, having failed to form a joint venture, made the second $1.0 million payment in May 2023. The Company recorded a gain on receipt of the settlement amounts of $2.0 million On August 30, 2023, the Company entered into a second Agreement with Angia Holdings, LLC and its Principals (“Agreement II”). Agreement II stipulated that the Principals would pay the Company and additional $1.5 million, of which $750,000 was received and recognized as income as of September 30, 2023. The remaining $750,000 will be recognized upon receipt.

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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