v3.26.1
Leases (Tables)
 15 Months Ended
Dec. 31, 2025
Leases  
Schedule of aggregate annual lease payments

  

Year  2025 
2026  $21 
Total  $21 
Schedule of related party balances

Related party balances are summarized as follows:

 

       
   As of September 30, 
   2025   2024 
Due from former affiliates  $—   $277 
Due from shareholders related to acquisitions   —    92 
Total due from related parties  $—   $369 
Due to former affiliates   —    (195)
Due to shareholders related to acquisitions   —    (93)
Ending due from related shareholders  $—   $81 
Schedule of effective income tax rate reconciliation

The following table is a reconciliation of the components that caused the Company’s provision for income taxes to differ from amounts computed by applying the U.S. federal statutory rate of 21% (in thousands):

 

   Year ended September 30,
   2025 
Statutory U.S. Federal income tax  $(2,034)   21.0%
State income taxes, net   (110)   1.1%
Meals and entertainment   (2)   —%
Bargain purchase   (275)   2.8%
Warrant valuation   —    —%
Tax effect of non-deductible equity instruments   —    —%
Change in valuation allowance   2,419    (25.0)%
Other   2    —%
Total provision  $—    (0.1)%
Schedule of deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

 

    
   September 30,
   2025 
Deferred income tax assets:     
Fixed assets  $(15)
Intangibles   — 
Inventory   38 
Stock options   5,266 
Payroll   39 
Other assets   2,395 
Lease assets (liabilities), net   1 
Net operating loss carryforwards   23,962 
Gross deferred tax assets   31,686 
Valuation allowance   (31,686)
Net deferred tax assets  $— 
Schedule of valuation allowance

The following table reconciles the statutory federal income tax rate to the Company’s effective tax rate for the year ended September 30, 2025 (in thousands, except percentages):

 

   Amount ($)   Effect on ETR (%) 
   Year Ended September 30, 2025 
   Amount ($)   Effect on ETR (%) 
Federal statutory rate  $(2,034)   21.0%
State income taxes, net of federal benefit   2    —%
Nondeductible items   2    —%
Bargain purchase   (275)   2.8%
Change in valuation allowance   2,307    25.0%
Other   (2)   —%
Total income tax provision  $—    —%