v3.25.2
Business Acquisition (Tables)
9 Months Ended
Jun. 30, 2025
Business Acquisition  
Schedule of preliminary balance sheet

Assets purchased

 

$612

 

Liabilities assumed (a)

 

 

517

 

Net assets purchased

 

 

95

 

Purchase consideration:

 

 

 

 

Cash paid at closing

 

 

1,100

 

Promissory notes, net

 

 

392

 

Intangible assets from purchase

 

$1,397

 

Schedule of allocation of intangible assets

 

 

 Fair Value

 

 

Useful Life

 

Customer relationships

 

$564

 

 

8 years

 

Tradename

 

 

68

 

 

10 years

 

Non-compete

 

 

11

 

 

2 years

 

Goodwill (a)

 

 

754

 

 

Indefinite

 

Total intangible assets acquired

 

$1,397

 

 

 

 
Schedule of pro forma results of operations

 

 

Three Months Ended,

June 30,

 

 

Nine Months Ended,

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net revenues

 

$24,523

 

 

$28,422

 

 

$74,631

 

 

$85,140

 

Cost of contract services

 

 

15,842

 

 

 

18,992

 

 

 

49,434

 

 

 

57,550

 

Gross profit

 

 

8,681

 

 

 

9,430

 

 

 

25,197

 

 

 

27,590

 

Selling, general and administrative expenses

 

 

8,951

 

 

 

9,876

 

 

 

26,847

 

 

 

29,952

 

Net loss

 

 

(401)

 

 

(18,026)

 

 

(33,964)

 

 

(20,368)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted loss per share

 

$0.00

 

 

$(0.17)

 

$(0.31)

 

$(0.19)