v3.25.2
INTANGIBLE ASSETS
 9 Months Ended
Jun. 30, 2025
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS
4.
INTANGIBLE ASSETS
 
A summary of intangible assets and the estimated useful lives used in the computation of amortization is as follows (in thousands):
 
         
    June 30,  
2025 		     September 30,
2024 		  Life
Customer relationships
$30,979   $29,790  10-24 Years
Trademarks/names
 5,036    4,661  1-20 Years
Trademarks/names
 521    521  Indefinite
Other
 2,142    2,007  2-22 Years
   38,678    36,979   
Less: Accumulated Amortization
 (13,799)    (11,862)   
Intangible assets, net
$24,879   $25,117   
 
The composition of the intangible assets balance at June 30, 2025 and September 30, 2024 is as follows (in thousands):
 
        
    June 30,  
2025 		     September 30,
2024 		 
Logistics
$22,494   $22,494 
Life Sciences
 8,484    6,785 
Manufacturing
 7,700    7,700 
   38,678    36,979 
Less: Accumulated Amortization
 (13,799)    (11,862) 
Intangible assets, net
$24,879   $25,117 
 
Amortization expense for the nine months ended June 30, 2025 and 2024 was $1,937 and $1,635, respectively.