Our leases consist primarily of office and construction equipment. All of our future lease obligations are related to non-cancelable operating leases. The following table provides a summary of lease cost components for the three and nine months ended June 30, 2025 and 2024, respectively (in thousands):


	Three months ended June 30,				Nine months ended June 30,
Lease Cost	2025		2024		2025		2024
Operating lease cost	$	210	$	237	$	655	$	742

Variable lease cost(1)	53		31		134		84
Short-term lease cost(2)	647		754		1,954		1,798
Total lease cost	$	910	$	1,022	$	2,743	$	2,624

(1) Variable lease cost represents common area maintenance charges related to our Canadian office space lease.

We recognize operating lease assets and operating lease liabilities representing the present value of the remaining lease payments for leases with initial terms greater than twelve months. Leases with initial terms of twelve months or less are not recorded in our Condensed Consolidated Balance Sheets. The following table provides a summary of the operating lease assets and operating lease liabilities included in our Condensed Consolidated Balance Sheets as of June 30, 2025 and September 30, 2024, respectively (in thousands):


Operating Leases	June 30, 2025		September 30, 2024
Assets:
Operating lease assets, net	$	1,224	$	1,216
Liabilities:
Current operating lease liabilities	610		595
Long-term operating lease liabilities	614		621
Total lease liabilities	$	1,224	$	1,216

The following table provides the maturities of our operating lease liabilities as of June 30, 2025 (in thousands):


	Operating Leases
Remainder of 2025	$	171
2026	617
2027	422
2028	73
2029	30
Thereafter	—
Total future minimum lease payments	$	1,313
Less: present value discount (imputed interest)	(89)
Present value of lease liabilities	$	1,224

The weighted average discount rate as of June 30, 2025 was 6.60%. The weighted average remaining lease term was 2.19 years at June 30, 2025.