NOTE 7: Intangible Asset

Intangible Asset, as of June 30, 2026 and September 30, 2025 are as follows: 

Amortization expenses for the nine months ended June 30, 2026 and June 30, 2025 were $867 and $835, respectively. Amortization expenses for the three months ended June 30, 2026 and June 30, 2025 were $298 and $383, respectively.

In January 2026, we launched a strategic transformation initiative referred to internally as “AI Across All” (“AAA”), under which we are transitioning our operations, software platforms, and technology infrastructure to an AI-native architecture. As part of this initiative, we undertook a comprehensive redevelopment and modernization of our existing internal-use software assets. We evaluated the impact of this transformation on the expected future economic benefits associated with certain software-related intangible assets. Based on the accelerated deployment of our next-generation AI-native systems, we determined that our existing software platforms would have no future economic benefit upon completion of the transition to the AI-native environment. By June 30, 2026, we completed the transition, redevelopment, and deployment of substantially all affected software platforms, with those legacy platforms being fully replaced by AI-native systems. As a result of the transition, we determined that the legacy platforms had no future service potential and were no longer recoverable, and we recognized impairment of long-lived assets of $9,468 related to these affected assets during the three months ended June 30, 2026.  

Estimated amortization expense related to existing finite-lived intangible assets for each of the next five years is as follows: