NOTE 3 – LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2025, and September 30, 2024, we had $1.1 million and $1.0 million, respectively, of cash and cash equivalents. In addition, we had $100 thousand in short-term investments as of June 30, 2025, and $250 thousand at September 30, 2024. We incurred net losses during the nine-month period ended June 30, 2025, of $510 thousand.

Our primary requirements for liquidity and capital are working capital, research and development, selling and marketing activities, and other general corporate needs. Historically, these cash requirements have been met through cash provided by operating activities and cash and cash equivalents. As of June 30, 2025, we are not party to any off-balance sheet arrangements that have had or are reasonably likely to have a current or future material effect on our financial condition, results of operations, liquidity, capital expenditures, or capital resources.

We believe that our existing cash, cash equivalents, and our anticipated cash flows from operations will be sufficient to meet our working capital, expenditure, and contractual obligation requirements for the next 12 months. Although we believe we have adequate sources of liquidity for the next 12 months and the foreseeable future, the success of our operations, the global economic outlook, and the pace of sustainable growth in our markets could impact our business and liquidity.