Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2022

Fair Value Measurements [Abstract]

Financial Assets and Liabilities Measured at Fair Value

The following tables summarize the Company’s financial assets and liabilities measured at fair value in the accompanying unaudited condensed consolidated balance sheets as of December 31, 2022 and September 30, 2022

	December 31, 2022
	Level 1		Level 2		Level 3		Total
	($ in thousands)
Assets:
Investment in Equity Securities	$	512	$	-	$	-	$	512
Liabilities:
Contingent Consideration		-		-		32,817		32,817

	September 30, 2022
	Level 1		Level 2		Level 3		Total
	($ in thousands)
Assets:
Investment in Equity Securities	$	772	$	-	$	-	$	772
Liabilities:
Contingent Consideration		-		-		37,402		37,402

Unrealized Losses Recognized Related to Equity Securities

The portion of unrealized losses recognized related to equity securities still held as of December 31 consists of the following:

($ in thousands)	Three Months Ended December 31, 2022
Net losses recognized during the period on equity securities	$	260
Less net losses recognized during the period on equity securities sold during the period		-
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date	$	260

Changes in Fair Value of Contingent Consideration

The following table sets forth the changes in fair value of our contingent consideration for the three months ended December 31, 2022:

($ in thousands)	Contingent Consideration
Balance as of September 30, 2022	$	37,402
Additions from acquisitions		2,550
Settlement of contingent consideration		(5,726	)
Change in fair value, including accretion		(1,409	)
Balance as of December 31, 2022	$	32,817