INTANGIBLE ASSETS

12 Months Ended

Sep. 30, 2022

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

A summary of intangible assets and the estimated useful lives used in the computation of amortization is as follows (in thousands):

	September 30,
	2022			2021			Life
Customer relationships	$	23,625		$	23,482		12-24 Years
Trademarks/names		4,539			4,490		1-20 Years
Trademarks/names		521			521		Indefinite
Other		1,180			1,149		2-22 Years
		29,865			29,642
Less: Accumulated Depreciation		(7,445	)		(5,469	)
	$	22,420		$	24,173

The composition of the intangible assets balance at September 30, 2022 and 2021 is as follows (in thousands):

	September 30,
	2022			2021
Logistics	$	18,174		$	18,174
Life Sciences		3,991			3,768
Manufacturing		7,700			7,700
		29,865			29,642
Less: Accumulated Depreciation		(7,445	)		(5,469	)
	$	22,420		$	24,173

Amortization expense of intangible assets for the year ended September 30, 2022 and 2021 was $1,976 and $1,120, respectively.

The future amortization of these intangible assets is expected to be as follows (in thousands):

Fiscal Year 2023	$	1,941
Fiscal Year 2024		1,915
Fiscal Year 2025		1,912
Fiscal Year 2026		1,912
Fiscal Year 2027		1,892
Thereafter		12,327
	$	21,899