Current report filing

Goodwill and Intangible Assets (Tables)

v3.22.4
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill
The changes in the carrying value of goodwill are as follows:

Goodwill balance, September 30, 2021
 $ 13,271 
Adjustment(1) 57 
Goodwill balance, December 31, 2021
 $ 13,328 
__________
(1) Represents a measurement period adjustment made during the three months ended December 31, 2021. On September 15, 2021, the Company acquired 100% of the equity interests in Trinity Air Medical Inc. (“Trinity”), a nationwide, multi-modal organ logistics and transportation company. Trinity is a wholly-owned subsidiary of the Company and the results of Trinity for the period since September 16, 2021 are included in the MediMobility Organ Transport and Jet line of business. At the time of acquisition, the Company recognized an asset for goodwill, determined as the excess of the purchase price over the net fair value of the assets acquired and liabilities assumed, that amounted to $13,271.
Schedule of Indefinite-Lived Intangible Assets
The following table presents information about the Company's intangible assets as of:
December 31, 2021 September 30, 2021
Estimated Useful Life
Gross
Carrying
Amount
Accumulated
Amortization

 
Net
Gross
Carrying
Amount

Accumulated
Amortization

Net
Exclusive rights to Helijet’s scheduled passenger routes in Canada
5 years
 $ 12,357  $ (206) $ 12,151  $ —  $ —  $ — 
Customer list
5-10 years
 11,542  (957) 10,585  11,542  (645) 10,897 
Domain name Indefinite 504  —  504  504  —  504 
Trademarks
6-10 years
 1,006  (51) 955  1,006  (9) 997 
Developed technology
3 years
 250  (24) 226  250  (4) 246 
Total $ 25,659  $ (1,238) $ 24,421  $ 13,302  $ (658) $ 12,644 
Schedule of Finite-Lived Intangible Assets
The following table presents information about the Company's intangible assets as of:
December 31, 2021 September 30, 2021
Estimated Useful Life
Gross
Carrying
Amount
Accumulated
Amortization

 
Net
Gross
Carrying
Amount

Accumulated
Amortization

Net
Exclusive rights to Helijet’s scheduled passenger routes in Canada
5 years
 $ 12,357  $ (206) $ 12,151  $ —  $ —  $ — 
Customer list
5-10 years
 11,542  (957) 10,585  11,542  (645) 10,897 
Domain name Indefinite 504  —  504  504  —  504 
Trademarks
6-10 years
 1,006  (51) 955  1,006  (9) 997 
Developed technology
3 years
 250  (24) 226  250  (4) 246 
Total $ 25,659  $ (1,238) $ 24,421  $ 13,302  $ (658) $ 12,644 
Schedule of Estimated Amortization Expense
As of December 31, 2021, the estimated amortization expense of its finite-lived intangible assets for each of the next five years are as follows:

For the Year Ended December 31,
2022 $ 3,972 
2023 3,888 
2024 3,759 
2025 3,700 
2026 3,494