Item 1. Legal Proceedings
Item1. Legal Proceedings
Due to the nature of the Company's business, the Company may at times be subject to claims and legal actions. The Company accrues liabilities when it is probable that future costs will be incurred, and such costs can be reasonably estimated. Such accruals are based on developments to date and the Company’s estimates of the outcomes of these matters. The Company did not recognize any material liability as of March 31, 2021 and September 30, 2020. Management believes it is remote that the impact of such matters will have a materially adverse effect on the Company’s financial position, results of operations, or cash flows. See Note 17 – Commitments and Contingencies to the Company’s unaudited condensed consolidated financial statements included herein for a further discussion of legal proceedings.
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