OPERATING LEASE |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OPERATING LEASE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OPERATING LEASE | 7. OPERATING LEASE
The Company recognizes a right-of-use asset for the right to use the underlying asset for the lease term, and a lease liability, which represents the present value of the Company’s obligation to make payments over the lease term. The present value of the lease payments is calculated using an incremental borrowing rate as the Company’s leases do not provide an implicit interest rate. The incremental borrowing rate applied to the lease liability was 10.25%. In the period ended June 30, 2025, the Company terminated the lease agreement. |