Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Summary of 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 March 31, 2024 and September 30, 2023

	March 31, 2024
($ in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Investment in Equity Securities	$	191	$	-	$	-	$	191
Liabilities:
Contingent Consideration	-		-		15,529		15,529

	September 30, 2023
($ in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Investment in Equity Securities	$	326	$	-	$	-	$	326
Liabilities:
Contingent Consideration	-		-		21,181		21,181

Summary of Unrealized Gains (Losses) Recognized Related to Equity Securities

The portion of unrealized losses recognized related to equity securities still held as of March 31, 2024 and 2023 consists of the following:

($ in thousands)	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023
Net loss recognized during the period on equity securities	$	23	$	20
Less net loss recognized during the period on equity securities sold during the period	-		-
Unrealized loss recognized during the reporting period on equity securities still held at the reporting date	$	23	$	20

($ in thousands)	Six Months Ended March 31, 2024		Six Months Ended March 31, 2023
Net loss recognized during the period on equity securities	$	135	$	280
Less net loss recognized during the period on equity securities sold during the period	-		-
Unrealized loss recognized during the reporting period on equity securities still held at the reporting date	$	135	$	280

Summary of Changes in Fair Value of Contingent Consideration

The following table sets forth the changes in fair value of our contingent consideration for the three and six months ended March 31, 2024:

($ in thousands)	Three Months Ended March 31, 2024
Balance as of December 31, 2023	$	20,565
Additions from acquisitions	—
Settlement of contingent consideration	(8,168)
Change in fair value, including accretion	3,132
Balance as of March 31, 2024	$	15,529

($ in thousands)	Six Months Ended March 31, 2024
Balance as of September 30, 2023	$	21,181
Additions from acquisitions	—
Settlement of contingent consideration	(9,356)
Change in fair value, including accretion	3,704
Balance as of March 31, 2024	$	15,529