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Intangible Assets, Net
6 Months Ended
Mar. 31, 2024
Intangible Assets, Net [Abstract]  
Intangible Assets, net

Note 8 — Intangible Assets, net

Intangible assets, net consist of the following:

 

Estimated
Useful Life
(years)

 

March 31, 2024

 

September 30, 2023

Gross

 

Accumulated
Amortization

 

Net

 

Gross

 

Accumulated
Amortization

 

Net

Developed technology

 

7 – 10

 

$

7,289

 

$

(2,644

)

 

$

4,645

 

$

7,289

 

$

(2,238

)

 

$

5,051

Customer relationships

 

10 – 15

 

 

6,400

 

 

(195

)

 

 

6,205

 

 

300

 

 

(64

)

 

 

236

Trade names

 

2

 

 

100

 

 

(14

)

 

 

86

 

 

 

 

 

 

 

Backlog

 

1

 

 

300

 

 

(85

)

 

 

215

 

 

 

 

 

 

 

       

$

14,089

 

$

(2,938

)

 

$

11,151

 

$

7,589

 

$

(2,302

)

 

$

5,287

The Company recorded amortization expense related to intangible assets of $399 and $210 during the three months ended March 31, 2024 and 2023, respectively, and $636 and $421 during the six months ended March 31, 2024 and 2023, respectively. The weighted-average remaining lives of intangible assets as of March 31, 2024 were developed technology 5.9 years; customer relationships 14.5 years; trade names 1.7 years; and backlog nine months.

Estimated future amortization expense for intangible assets by fiscal year as of March 31, 2024 is as follows:

Years ending September 30,

   

2024 (remaining six months)

 

$

799

2025

 

 

1,361

2026

 

 

1,258

2027

 

 

1,247

2028

 

 

1,213

Thereafter

 

 

5,273

Total

 

$

11,151