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563000 0 717000 1440000 1136000 2099000 112000 108000 212000 194000 0 0 0 243000 605000 1332000 924000 1662000 0.84 1.21 1.43 1.77 0.83 1.19 1.4 1.74 0.51 1.12 0.78 1.41 0.5 1.1 0.76 1.38 1186000 1186000 1186000 1186000 1210000 1206000 1215000 1206000 11368 0 1206354 1000 17730000 20000 -240000 8311000 0 25802000 0 0 0 0 419000 281000 700000 0 0 -2590000 0 0 5017000 2427000 0 0 100000 0 0 0 100000 0 0 0 0 62000 0 0 0 0 62000 11368 0 1206354 1000 15102000 20000 -240000 8730000 5298000 28891000 0 0 0 0 717000 282000 999000 0 0 912000 0 0 0 912000 0 0 112000 0 0 0 112000 0 0 0 0 63000 0 0 0 0 63000 11368 0 1206354 1000 15965000 20000 -240000 9447000 5580000 30753000 11368 0 1206354 1000 17084000 20000 -240000 2656000 0 19501000 0 0 0 0 659000 0 659000 0 0 86000 0 0 0 86000 0 0 0 0 -243000 0 0 0 0 -243000 0 0 0 0 122000 0 0 0 0 122000 11368 0 1206354 1000 16877000 20000 -240000 3315000 0 19953000 0 0 0 0 1440000 0 1440000 0 0 108000 0 0 0 108000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 123000 0 0 0 0 123000 0 0 783000 0 0 0 783000 11368 0 1206354 1000 17675000 20000 -240000 4754000 0 22190000 1699000 2099000 845000 25000 341000 313000 209000 0 849000 0 1658000 1283000 315000 148000 89000 96000 -445000 0 125000 245000 35000 873000 0 -337000 1294000 1301000 32000 189000 -10575000 2179000 -52000 32000 305000 274000 -90000 32000 156000 684000 -25114000 4762000 -1313000 -1021000 -5000 -4000 -9696000 7067000 216000 375000 52000 0 195000 63000 574000 197000 -933000 -635000 0 4174000 301000 0 9120000 0 24843000 0 8283000 840000 24738000 2438000 1203000 0 -490000 -841000 386665000 0 372826000 0 0 3700000 0 244000 837000 192000 2553000 1078000 2023000 0 7374000 -5159000 -3255000 1273000 12040000 3082000 8785000 4355000 336000 951000 224000 178000 212000 194000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">1.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES</span> </div> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The accompanying interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of Article 8 of Regulation S-X and the instructions to Form 10-Q of the Securities and Exchange Commission. As a result, certain information and footnote disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. Janel Corporation (the “Company” or “Janel”) believes that the disclosures made are adequate to make the information presented not misleading. The condensed consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for a full fiscal year, or any other period. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Form 10-K as filed with the Securities and Exchange Commission.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Business Description</span> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Janel is a holding company with subsidiaries in three business segments: Logistics, Life Sciences and Manufacturing. The Company strives to create shareholder value primarily through three strategic priorities: supporting its businesses’ efforts to make investments and to build long-term profits; allocating Janel’s capital at high risk-adjusted rates of return; and attracting and retaining exceptional talent.</span> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Management at the holding company focuses on significant capital allocation decisions, corporate governance and supporting Janel’s subsidiaries where appropriate. Janel expects to grow through its subsidiaries’ organic growth and by completing acquisitions. The Company plans to either acquire businesses within its existing segments or expand its portfolio into new strategic segments. The company's acquisition strategy focuses on reasonably-priced companies with strong and capable management teams, attractive existing business economics and stable and predictable earnings power.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Foreign Currency</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The Company translates foreign assets and liabilities at exchange rates in effect at the balance sheet dates, and the revenues and expenses using average rates during the year. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income in the accompanying consolidated balance sheets to the extent they are significant. Exchange rate fluctuations on short-term intercompany loans are included in other expense in the consolidated statement of operations. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Noncontrolling Interests</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The Company accounts for an equity interest in a less-than-wholly owned consolidated subsidiary that is not attributable, either directly or indirectly, to the Company as a noncontrolling interest in accordance with Accounting Standards Codification (“ASC”) Topic 810, <span style="font-style: italic;">Consolidation</span>. The noncontrolling interest is recognized as equity in the Company’s consolidated balance sheets and presented separately from the equity attributable to the Company’s stockholders. Any change in ownership of a less-than-wholly-owned consolidated subsidiary while the controlling financial interest is retained is accounted for as an equity transaction between the controlling and noncontrolling interests. The amounts of consolidated net income or loss attributable to the Company’s stockholders and noncontrolling interest are separately presented in the consolidated statements of operations. The Company’s net loss per share attributable to the Company’s stockholders excludes net losses attributable to noncontrolling interests. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Cash</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The Company maintains cash balances at various financial institutions. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to $250. The Company’s accounts at these institutions may, at times, exceed the federally insured limits. The Company has not experienced any losses in such accounts. </div> <div style="font-size: 10pt;"> </div> <div>The Company considers all highly liquid investments with an original maturity of three months or less, when purchased, to be cash equivalents.</div><div style="font-size: 10pt;"> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Restricted Cash and Investments</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">In the second half of 2024, the Company began insuring certain risks through a wholly-owned captive insurance company, Gainesville Insurance Company, Inc. (“Gainesville”). In addition, the Company maintains insurance policies with third-party insurers. Gainesville maintains at least $250 in cash, cash equivalents, or equity investments at all times as required by state insurance regulations. As of both March 31, 2026 and September 30, 2025, Gainesville held $250 in restricted investments.</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">During the first quarter of 2025, as part of the Eighth Amendment (the “Eighth Santander Amendment”) to the Santander Loan Agreement (as defined herein), the Company deposited $2,164 into a restricted cash account. Following a pre-approved contingent earnout payment in January 2026, the Company held no restricted cash as of March 31, 2026.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Accounts receivable and allowance for expected credit losses</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Accounts receivable is recorded at the contractual amount. The Company records its allowance for expected credit losses based upon its assessment of various factors. The Company considers historical collection experience, the age of the accounts receivable balances, credit quality of the Company’s customers, any specific customer collection issues that have been identified, current economic conditions and other factors that may affect the customers’ ability to pay. The Company writes off accounts receivable balances that have aged significantly once all collection efforts have been exhausted and the receivables are no longer deemed collectible from the customer. The activity in the allowance for expected credit losses is as follows:</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 14.4pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="color: #000000;">Balance as of September 30, 2025</span> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">367</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="color: #000000;">Provision for expected credit losses</span> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">845</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="color: #000000;">Accounts receivable write-offs</span> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(25</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="color: #000000;">Balance as of March 31, 2026</span> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">1,187</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify; font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Inventory</span> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Inventory is valued at the lower of cost (using the first-in, first-out method) or net realizable value. The Company maintains an inventory valuation reserve to provide for slow moving and obsolete inventory, inventory not meeting quality control standards and inventory subject to expiration for its Life Sciences business. The products of the Life Sciences business require the initial manufacture of multiple batches to determine if quality standards can consistently be met. In addition, the Company will produce larger batches of established products than current sales requirements due to economies of scale. The manufacturing process for these products, therefore, has and will continue to produce quantities in excess of forecasted usage. The Company values acquired manufactured antibody inventory based on a three-year forecast. Inventory quantities in excess of the forecast are not valued due to uncertainty over salability.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Property and equipment and depreciation policy</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Property and equipment are recorded at cost. Property and equipment acquired in business combinations are initially recorded at fair value. Depreciation is provided for in amounts sufficient to amortize the costs of the related assets over their estimated useful lives on the straight-line and accelerated methods for both financial reporting and income tax purposes. Maintenance and repairs are recorded as expenses when incurred.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Goodwill</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> The Company records as goodwill the excess of purchase price over the fair value of the tangible and identifiable intangible assets acquired in a business combination. Under current authoritative guidance, goodwill is not amortized but is tested for impairment annually as well as when an event or change in circumstance indicates impairment may have occurred. Goodwill is tested for impairment by comparing the fair value of the Company’s individual reporting units to their carrying amount to determine if there is potential goodwill impairment. If the fair value of the reporting unit is less than the carrying value, an impairment loss is recorded to the extent that the implied fair value of the goodwill of the reporting unit is less than its carrying value. If there is a material change in economic conditions, or other circumstances influencing the estimate of future cash flows or significantly affecting the fair value of the Company’s reporting units, the Company could be required to recognize impairment charges in the future. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> The fair value of the Company’s reporting units were in excess of carrying value and goodwill was not deemed to be impaired as of March 31, 2026. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Intangibles and long-lived assets</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Long-lived assets, including fixed assets and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition.</span> </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the long-lived asset to its estimated fair value.</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The determination of future cash flows, as well as the estimated fair value of long-lived assets, involves significant estimates on the part of management. If there is a material change in economic conditions, or other circumstances influencing the estimate of future cash flows or fair value, the Company could be required to recognize impairment charges in the future.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The Company concluded that the fair value of intangibles and long-lived assets were not deemed to be impaired as of March 31, 2026.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Revenues and revenue recognition</span> </div> <div style="font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">Logistics</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Revenues are recognized upon transfer of control of promised services to customers. With respect to its Logistics segment, the Company has determined that, in general, each shipment transaction or service order constitutes a separate contract with the customer. When the Company provides multiple services to a customer, different contracts may be present for different services.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> A performance obligation is created once a customer agreement with an agreed-upon transaction price exists. The Company typically satisfies its performance obligations as services are rendered. The Company’s transportation transactions provide for the arrangement of the movement of freight to a customer’s agreed-upon destination. A typical shipment would include services rendered at origin, such as pick-up and delivery to port, freight services from origin to destination port and destination services, such as customs clearance and final delivery. The Company measures the performance of its obligations as services are rendered over time during the life of a shipment, including services at origin, freight and destination. Revenue is recognized accordingly over time based on the estimated and actual satisfaction of the underlying performance obligations. At period end the Company evaluates shipments in-transit within the respective performance obligations to evaluate the earned revenue given the continuous transfer of control to the customer over the course of the shipment. Since services are continuously provided over-time, revenue and related transportation costs are recognized based on relative transit time, which is based on the extent of progress towards completion. Determination of the estimated transit period and the percentage of completion of the shipment as of the reporting date requires management to make judgments that affect the timing and amount of revenue recognition. The Company has determined that revenue recognition over the transit period provides a reasonable estimate of the transfer of services to its customers as it depicts the pattern of the Company’s performance under the contracts with its customers. The Company fulfills nearly all of its performance obligations within a one- to two-month period. The transaction price is generally fixed for each performance obligation. Duties and taxes collected from the customer and paid to the customs agent on behalf of the customer are excluded from revenue. Customs brokerage fees are earned for the discrete service of filing the customs entry, and revenue is recognized at the point in time when the entry is filed with U.S. Customs. The timing of revenue recognition, billings, cash collections, and allowance for expected credit losses results in billed and unbilled receivables. The Company receives the unconditional right to bill when shipments are delivered to their destination. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> The Company evaluates whether amounts billed to customers should be reported as gross or net revenues. Generally, revenues are recorded on a gross basis when the Company is acting as principal and is primarily responsible for fulfilling the promise to provide the services, when it has discretion in setting the prices for the services to the customers, and the Company has the ability to direct the use of the services provided by the third-party. Revenues are recognized on a net basis when the Company is acting as agent, and the Company does not have latitude in carrier selection or in establishing rates with the carrier. Revenues recognized net were insignificant for the three and six months ended March 31, 2026 and 2025. </div><div style="font-size: 10pt;">  </div> <div> Contract assets, which were insignificant as of March 31, 2026 and September 30, 2025, represent estimated amounts for which the Company has the right to consideration for transportation services related to the completed portion of in-transit shipments at period end, but for which it has not yet completed the performance obligations. Upon completion of the performance obligations, which can vary in duration based upon the mode of transportation, the balance is included in Accounts Receivable. </div><div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">In the Logistics segment, the Company disaggregates its revenues by its four primary service categories: trucking, ocean freight, customs brokerage and other, and air freight. A summary of the Company’s revenues disaggregated by major service lines for the three and six months ended March 31, 2026 and 2025 was as follows:</span> </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 45.0pt;"> <td> </td> <td style="text-align: center;"><br/></td><td colspan="6" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Three Months Ended <br/> March 31,</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"><br/></td><td colspan="6" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended <br/>March 31,</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="font-weight: bold;">Service Type</span> </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Trucking </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">21,254</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,992</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">40,400</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">35,712</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Ocean freight </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">12,547</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,720</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">25,445</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">24,883</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Customs brokerage and other </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,344</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,148</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">21,521</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,675</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Air freight </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">6,339</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">6,184</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">14,947</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">13,860</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">51,484</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">44,044</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">102,313</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">90,130</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="margin: 0in; text-align: justify;">Customs brokerage and other revenues contains revenues recognized at a point in time and revenues recognized over time based on the satisfaction of the underlying performance obligations. Customs brokerage and other revenues recognized at a point in time totaled $7,883 and $6,061 for the three months ended March 31, 2026 and 2025, respectively. Customs brokerage and other revenues recognized at a point in time totaled $14,968 and $12,009 for the six months ended March 31, 2026 and 2025, respectively.</div><div style="margin: 0in;"> </div> <div style="font-size: 10pt;"><span style="color: #000000; font-weight: bold;">Life Sciences and Manufacturing</span> </div><div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Revenues from the Life Sciences segment are derived from the sale of high-quality monoclonal and polyclonal antibodies, diagnostic reagents, diagnostic kits, and other immunoreagents for biomedical research and antibody manufacturing.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> Revenues from the Company’s Manufacturing segment, which is comprised of Indco, Inc. (“Indco”), a wholly-owned subsidiary of the Company that manufactures and distributes mixing equipment and apparatus for specific applications within various industries, are derived from the engineering, manufacture and delivery of specialty mixing equipment and accessories, and Rubicon Technology, Inc. (“Rubicon”), majority-owned subsidiary of the Company that sells monocrystalline sapphire for applications in optical and industrial systems. Revenues for Life Sciences and Manufacturing are recognized when products are shipped and control of the product, title, and risk of loss have been transferred to the customers. </div> <div style="font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Income taxes</span> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. The benefit of tax positions taken or expected to be taken in the Company’s income tax returns are recognized in the consolidated financial statements if such positions are more likely than not of being sustained.</span> </div> <div style="font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Reclassifications</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Certain amounts in the prior-period financial statements have been reclassified to conform to the current-period presentation. These reclassifications had no effect on previously reported net income, total assets, total liabilities, or stockholders’ equity.</span> </div> 3 <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Foreign Currency</span> </div><div style="text-align: justify; font-size: 10pt;"> The Company translates foreign assets and liabilities at exchange rates in effect at the balance sheet dates, and the revenues and expenses using average rates during the year. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income in the accompanying consolidated balance sheets to the extent they are significant. Exchange rate fluctuations on short-term intercompany loans are included in other expense in the consolidated statement of operations. </div> <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Noncontrolling Interests</span> </div><div style="text-align: justify; font-size: 10pt;"> The Company accounts for an equity interest in a less-than-wholly owned consolidated subsidiary that is not attributable, either directly or indirectly, to the Company as a noncontrolling interest in accordance with Accounting Standards Codification (“ASC”) Topic 810, <span style="font-style: italic;">Consolidation</span>. The noncontrolling interest is recognized as equity in the Company’s consolidated balance sheets and presented separately from the equity attributable to the Company’s stockholders. Any change in ownership of a less-than-wholly-owned consolidated subsidiary while the controlling financial interest is retained is accounted for as an equity transaction between the controlling and noncontrolling interests. The amounts of consolidated net income or loss attributable to the Company’s stockholders and noncontrolling interest are separately presented in the consolidated statements of operations. The Company’s net loss per share attributable to the Company’s stockholders excludes net losses attributable to noncontrolling interests. </div> <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Cash</span> </div><div style="text-align: justify; font-size: 10pt;"> The Company maintains cash balances at various financial institutions. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to $250. The Company’s accounts at these institutions may, at times, exceed the federally insured limits. The Company has not experienced any losses in such accounts. </div><div>The Company considers all highly liquid investments with an original maturity of three months or less, when purchased, to be cash equivalents.</div> 250000 <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Restricted Cash and Investments</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">In the second half of 2024, the Company began insuring certain risks through a wholly-owned captive insurance company, Gainesville Insurance Company, Inc. (“Gainesville”). In addition, the Company maintains insurance policies with third-party insurers. Gainesville maintains at least $250 in cash, cash equivalents, or equity investments at all times as required by state insurance regulations. As of both March 31, 2026 and September 30, 2025, Gainesville held $250 in restricted investments.</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">During the first quarter of 2025, as part of the Eighth Amendment (the “Eighth Santander Amendment”) to the Santander Loan Agreement (as defined herein), the Company deposited $2,164 into a restricted cash account. Following a pre-approved contingent earnout payment in January 2026, the Company held no restricted cash as of March 31, 2026.</span> </div> 250000 250000 250000 2164000 0 <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Accounts receivable and allowance for expected credit losses</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Accounts receivable is recorded at the contractual amount. The Company records its allowance for expected credit losses based upon its assessment of various factors. The Company considers historical collection experience, the age of the accounts receivable balances, credit quality of the Company’s customers, any specific customer collection issues that have been identified, current economic conditions and other factors that may affect the customers’ ability to pay. The Company writes off accounts receivable balances that have aged significantly once all collection efforts have been exhausted and the receivables are no longer deemed collectible from the customer. The activity in the allowance for expected credit losses is as follows:</span> </div><table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 14.4pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="color: #000000;">Balance as of September 30, 2025</span> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">367</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="color: #000000;">Provision for expected credit losses</span> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">845</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="color: #000000;">Accounts receivable write-offs</span> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(25</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="color: #000000;">Balance as of March 31, 2026</span> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">1,187</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> The activity in the allowance for expected credit losses is as follows<table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 14.4pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="color: #000000;">Balance as of September 30, 2025</span> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">367</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="color: #000000;">Provision for expected credit losses</span> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">845</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="color: #000000;">Accounts receivable write-offs</span> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(25</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="color: #000000;">Balance as of March 31, 2026</span> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">1,187</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 367000 845000 25000 1187000 <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Inventory</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Inventory is valued at the lower of cost (using the first-in, first-out method) or net realizable value. The Company maintains an inventory valuation reserve to provide for slow moving and obsolete inventory, inventory not meeting quality control standards and inventory subject to expiration for its Life Sciences business. The products of the Life Sciences business require the initial manufacture of multiple batches to determine if quality standards can consistently be met. In addition, the Company will produce larger batches of established products than current sales requirements due to economies of scale. The manufacturing process for these products, therefore, has and will continue to produce quantities in excess of forecasted usage. The Company values acquired manufactured antibody inventory based on a three-year forecast. Inventory quantities in excess of the forecast are not valued due to uncertainty over salability.</span> </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Property and equipment and depreciation policy</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Property and equipment are recorded at cost. Property and equipment acquired in business combinations are initially recorded at fair value. Depreciation is provided for in amounts sufficient to amortize the costs of the related assets over their estimated useful lives on the straight-line and accelerated methods for both financial reporting and income tax purposes. Maintenance and repairs are recorded as expenses when incurred.</span> </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Goodwill</span> </div><div style="text-align: justify;"> The Company records as goodwill the excess of purchase price over the fair value of the tangible and identifiable intangible assets acquired in a business combination. Under current authoritative guidance, goodwill is not amortized but is tested for impairment annually as well as when an event or change in circumstance indicates impairment may have occurred. Goodwill is tested for impairment by comparing the fair value of the Company’s individual reporting units to their carrying amount to determine if there is potential goodwill impairment. If the fair value of the reporting unit is less than the carrying value, an impairment loss is recorded to the extent that the implied fair value of the goodwill of the reporting unit is less than its carrying value. If there is a material change in economic conditions, or other circumstances influencing the estimate of future cash flows or significantly affecting the fair value of the Company’s reporting units, the Company could be required to recognize impairment charges in the future. </div><div style="text-align: justify;"> The fair value of the Company’s reporting units were in excess of carrying value and goodwill was not deemed to be impaired as of March 31, 2026. </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Intangibles and long-lived assets</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Long-lived assets, including fixed assets and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition.</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the long-lived asset to its estimated fair value.</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The determination of future cash flows, as well as the estimated fair value of long-lived assets, involves significant estimates on the part of management. If there is a material change in economic conditions, or other circumstances influencing the estimate of future cash flows or fair value, the Company could be required to recognize impairment charges in the future.</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The Company concluded that the fair value of intangibles and long-lived assets were not deemed to be impaired as of March 31, 2026.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Revenues and revenue recognition</span> </div><div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">Logistics</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Revenues are recognized upon transfer of control of promised services to customers. With respect to its Logistics segment, the Company has determined that, in general, each shipment transaction or service order constitutes a separate contract with the customer. When the Company provides multiple services to a customer, different contracts may be present for different services.</span> </div><div style="text-align: justify;"> A performance obligation is created once a customer agreement with an agreed-upon transaction price exists. The Company typically satisfies its performance obligations as services are rendered. The Company’s transportation transactions provide for the arrangement of the movement of freight to a customer’s agreed-upon destination. A typical shipment would include services rendered at origin, such as pick-up and delivery to port, freight services from origin to destination port and destination services, such as customs clearance and final delivery. The Company measures the performance of its obligations as services are rendered over time during the life of a shipment, including services at origin, freight and destination. Revenue is recognized accordingly over time based on the estimated and actual satisfaction of the underlying performance obligations. At period end the Company evaluates shipments in-transit within the respective performance obligations to evaluate the earned revenue given the continuous transfer of control to the customer over the course of the shipment. Since services are continuously provided over-time, revenue and related transportation costs are recognized based on relative transit time, which is based on the extent of progress towards completion. Determination of the estimated transit period and the percentage of completion of the shipment as of the reporting date requires management to make judgments that affect the timing and amount of revenue recognition. The Company has determined that revenue recognition over the transit period provides a reasonable estimate of the transfer of services to its customers as it depicts the pattern of the Company’s performance under the contracts with its customers. The Company fulfills nearly all of its performance obligations within a one- to two-month period. The transaction price is generally fixed for each performance obligation. Duties and taxes collected from the customer and paid to the customs agent on behalf of the customer are excluded from revenue. Customs brokerage fees are earned for the discrete service of filing the customs entry, and revenue is recognized at the point in time when the entry is filed with U.S. Customs. The timing of revenue recognition, billings, cash collections, and allowance for expected credit losses results in billed and unbilled receivables. The Company receives the unconditional right to bill when shipments are delivered to their destination. </div><div style="text-align: justify;"> The Company evaluates whether amounts billed to customers should be reported as gross or net revenues. Generally, revenues are recorded on a gross basis when the Company is acting as principal and is primarily responsible for fulfilling the promise to provide the services, when it has discretion in setting the prices for the services to the customers, and the Company has the ability to direct the use of the services provided by the third-party. Revenues are recognized on a net basis when the Company is acting as agent, and the Company does not have latitude in carrier selection or in establishing rates with the carrier. Revenues recognized net were insignificant for the three and six months ended March 31, 2026 and 2025. </div><div> Contract assets, which were insignificant as of March 31, 2026 and September 30, 2025, represent estimated amounts for which the Company has the right to consideration for transportation services related to the completed portion of in-transit shipments at period end, but for which it has not yet completed the performance obligations. Upon completion of the performance obligations, which can vary in duration based upon the mode of transportation, the balance is included in Accounts Receivable. </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">In the Logistics segment, the Company disaggregates its revenues by its four primary service categories: trucking, ocean freight, customs brokerage and other, and air freight. A summary of the Company’s revenues disaggregated by major service lines for the three and six months ended March 31, 2026 and 2025 was as follows:</span> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 45.0pt;"> <td> </td> <td style="text-align: center;"><br/></td><td colspan="6" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Three Months Ended <br/> March 31,</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"><br/></td><td colspan="6" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended <br/>March 31,</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="font-weight: bold;">Service Type</span> </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Trucking </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">21,254</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,992</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">40,400</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">35,712</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Ocean freight </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">12,547</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,720</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">25,445</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">24,883</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Customs brokerage and other </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,344</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,148</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">21,521</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,675</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Air freight </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">6,339</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">6,184</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">14,947</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">13,860</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">51,484</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">44,044</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">102,313</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">90,130</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="margin: 0in; text-align: justify;">Customs brokerage and other revenues contains revenues recognized at a point in time and revenues recognized over time based on the satisfaction of the underlying performance obligations. Customs brokerage and other revenues recognized at a point in time totaled $7,883 and $6,061 for the three months ended March 31, 2026 and 2025, respectively. Customs brokerage and other revenues recognized at a point in time totaled $14,968 and $12,009 for the six months ended March 31, 2026 and 2025, respectively.</div><div style="font-size: 10pt;"><span style="color: #000000; font-weight: bold;">Life Sciences and Manufacturing</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Revenues from the Life Sciences segment are derived from the sale of high-quality monoclonal and polyclonal antibodies, diagnostic reagents, diagnostic kits, and other immunoreagents for biomedical research and antibody manufacturing.</span> </div><div style="text-align: justify; font-size: 10pt;"> Revenues from the Company’s Manufacturing segment, which is comprised of Indco, Inc. (“Indco”), a wholly-owned subsidiary of the Company that manufactures and distributes mixing equipment and apparatus for specific applications within various industries, are derived from the engineering, manufacture and delivery of specialty mixing equipment and accessories, and Rubicon Technology, Inc. (“Rubicon”), majority-owned subsidiary of the Company that sells monocrystalline sapphire for applications in optical and industrial systems. Revenues for Life Sciences and Manufacturing are recognized when products are shipped and control of the product, title, and risk of loss have been transferred to the customers. </div> 4 A summary of the Company’s revenues disaggregated by major service lines for the three and six months ended March 31, 2026 and 2025 was as follows:<table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 45.0pt;"> <td> </td> <td style="text-align: center;"><br/></td><td colspan="6" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Three Months Ended <br/> March 31,</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"><br/></td><td colspan="6" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended <br/>March 31,</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="font-weight: bold;">Service Type</span> </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Trucking </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">21,254</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,992</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">40,400</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">35,712</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Ocean freight </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">12,547</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,720</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">25,445</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">24,883</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Customs brokerage and other </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">11,344</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,148</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">21,521</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,675</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Air freight </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">6,339</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">6,184</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">14,947</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">13,860</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">51,484</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">44,044</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">102,313</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">90,130</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 21254000 17992000 40400000 35712000 12547000 11720000 25445000 24883000 11344000 8148000 21521000 15675000 6339000 6184000 14947000 13860000 51484000 44044000 102313000 90130000 7883000 6061000 14968000 12009000 <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Income taxes</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. The benefit of tax positions taken or expected to be taken in the Company’s income tax returns are recognized in the consolidated financial statements if such positions are more likely than not of being sustained.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Reclassifications</span> </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Certain amounts in the prior-period financial statements have been reclassified to conform to the current-period presentation. These reclassifications had no effect on previously reported net income, total assets, total liabilities, or stockholders’ equity.</span> </div> <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">2.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">ACQUISITIONS AND INVESTMENTS</span> </div> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">Fiscal 2026 Acquisitions</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">Manufacturing</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> On October 14, 2025, Janel Corporation and Rubicon completed the transfer (the “Contribution”) of all of the issued and outstanding membership interests in Janel Group LLC (“Janel Group”), a New York limited liability company and a wholly owned subsidiary of Janel Corporation, held by Janel Corporation in exchange for 7,000,000 newly issued shares of Rubicon’s common stock, par value $0.001 per share (“Rubicon Common Stock”), pursuant to a contribution agreement dated as of August 20, 2025 between the Company and Rubicon. The Company determined the transaction represents a business combination under ASC 805, <span style="font-style: italic;">Business Combinations</span> in which the Company is the accounting acquirer. The purchase price accounting related to this acquisition is preliminary and subject to subsequent adjustment. Prior to the acquisition, the Company held a 46.6% equity interest in Rubicon. Immediately following the acquisition, the Company obtained a controlling financial interest in Rubicon through its ownership of 86.5% of Rubicon’s outstanding equity. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> Rubicon is a U.S.-based distributor of monocrystalline sapphire for applications in optical and industrial systems. Rubicon sells its products on a global basis to customers in North America, Europe and Asia and leases its operating and storage facilities in the Chicago metropolitan area on a month-to-month basis. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The fair value of the total consideration transferred was $9,082, which consisted of the acquisition-date fair value of the 13.5% equity interest of Janel Group transferred in exchange for the newly issued shares of Rubicon Common Stock at $3,105, $4,631 of acquisition-date fair value of the previously held equity interest in Rubicon, and the acquisition-date fair value of $1,346 of the noncontrolling interest held by other investors in exchange for $10,128 of deferred tax assets and the assumption of $197 of net liabilities. </div><div style="text-align: justify; font-size: 10pt;"> The fair value of the identifiable net assets exceeded the consideration transferred including the fair value of the previously held equity interest and fair value of the noncontrolling interest as it was an opportunistic acquisition. The resulting excess of $849 due to the limited market for the underlying assets was recognized as a <span style="color: #000000;">gain on consolidation of acquisition</span> on the acquisition date, which primarily reflects the excess value of the deferred tax assets. The gain on acquisition was recognized in gain on consolidation of acquisition in the unaudited condensed consolidated statements of operations. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The estimate of the fair value of assets and liabilities, which consisted primarily of deferred tax assets, required the use of significant assumptions and estimates. Critical estimates included, but were not limited to, future expected cash flows, including projected revenues and expenses, and the applicable discount rates. These estimates were based on assumptions that management believes to be reasonable; however, actual results may differ materially from these estimates. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> Prior to the business combination, the Company held a noncontrolling equity interest in Rubicon, which was recorded under the fair value option method to equity method investment, and the changes in the fair value of the investment were included in Other (expense) income, net in the condensed consolidated statements of operations. At the acquisition date, the acquisition did not result in a gain or loss associated with the remeasurement because its previously held equity interest was measured at fair value prior to the acquisition. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> Subsequent to the closing of the contribution, on November 17, 2025, the Company commenced a tender offer to purchase shares of Rubicon Common Stock at $4.75 per share in cash. On November 17, 2025, the tender offer was completed, and the Company purchased 426,000 shares of Rubicon common stock for an aggregate cash consideration of $2,024, and the shares of Rubicon common stock were transferred to Janel Corporation on November 17, 2025. After the tender offer, the Company owns approximately 91.0% of Rubicon’s outstanding common stock. The carrying amount of the noncontrolling interest has been adjusted, and the difference between the cash consideration paid and the change in the noncontrolling interest of $510 was recorded in the Company’s paid-in capital during the six months ended March 31, 2026, and no gain or loss was recorded. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">Fiscal 2025 Acquisitions</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Logistics</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> On August 1, 2025, the Company acquired a customer list and other intangible assets of, and hired the employees of, a customs broker and freight forwarder, which is included in the Logistics segment. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> On September 2, 2025, the Company completed a business combination whereby it acquired a majority ownership position in <span style="color: rgb(34, 34, 34);">Interlog USA, Inc. (“Interlog”) </span>for an aggregate purchase price of $9,410 and recorded a liability of $1,580 relating to the non-controlling interest. At closing, the Company purchased 80% of the outstanding stock of Interlog for $6,825 in cash with an additional $1,005 to be paid within 90 days subject to the achievement of certain integration goals, which was paid in full as of December 31, 2025. The Company also agreed to purchase the remaining 20% of Interlog stock two years from the closing date for an amount equal to two times Interlog’s average annual gross profit for the year ended December 31, 2027. The acquisition was funded through the Company’s previous asset-backed facility with Santander Bank, N.A (“Santander”). In connection with the combination, the Company recorded an aggregate of $4,264 in goodwill and $5,844 in other identifiable intangibles during the quarter ended September 30, 2025. Interlog is a non-asset-based freight forwarder and domestic truck broker. The acquisition of Interlog was completed to expand the Company’s service offerings in the Logistics segment. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Life Sciences</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> On June 4, 2025, the Company acquired a majority ownership position in Biosensis Pty Ltd ("Biosensis") for an aggregate purchase price of $5,136, net of $199 cash received and net of non-interest-bearing liabilities assumed of $166. Additionally, the Company assumed debt of $563 and recorded a liability of $1,486 relating to the non-controlling interest during the quarter ended June 30, 2025. At closing, the Company purchased 80% of the outstanding common stock of Biosensis for $2,754 in cash and $298 in the form of a conversion of a note receivable. The majority ownership transaction included put-call options exercisable on June 4, 2028 for the remaining 20% of outstanding common stock. The acquisition was funded by the Company’s previous acquisition draw facility with First Merchants Bank (“First Merchants”), and the results of operations of Biosensis are included in Janel’s consolidated results of operations since the date of the acquisition. In connection with the acquisition, the Company recorded an aggregate of $2,607 in goodwill and $1,700 in other identifiable intangible assets during the quarter ended June 30, 2025. Biosensis is a developer and manufacturer of antibodies and cell culture media for research and diagnostic uses. Biosensis was founded in 2006 and is headquartered in Thebarton, Australia. The acquisition of Biosensis was completed to expand the Company’s product offerings in the Life Sciences segment. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> On March 10, 2026, prior to the exercisability date of the put-call options, Antibodies, Inc., entered into an agreement to purchase the remaining 20% of the outstanding common stock of Biosensis for $574. The difference between the carrying value of the non-controlling interest and the cash consideration was recognized in stockholders’ equity within paid-in capital on the Company’s condensed consolidated balance sheets as of March 31, 2026. No gain or loss was recognized in the Company’s condensed consolidated statements of operations as of March 31, 2026. This agreement terminated the previously established put-call option arrangement. </div> 7000000 0.001 0.466 0.865 9082000 0.135 3105000 4631000 1346000 10128000 197000 849000 4.75 426000 2024000 0.91 510000 0 9410000 1580000 0.80 6825000 1005000 P90D 0.20 P2Y 2 4264000 5844000 5136000 199000 166000 563000 1486000 0.80 2754000 298000 0.20 2607000 1700000 0.20 574000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">3.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">INVENTORY</span> </div> </div> <div style="font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000;">Inventories consisted of the following: </span> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 1pt; white-space : nowrap; "> <td> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; vertical-align: bottom;"> <span style="font-weight: bold;">March 31, <br/></span>   <span style="font-weight: bold;">2026</span> </td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">September 30, <br/> 2025</span> </td><td style="text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Finished goods </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,387</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">1,514</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Work-in-process </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,087</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,424</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Raw materials </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">842</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">1,679</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Gross inventory </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">4,316</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">4,617</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Less – reserve for inventory valuation </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">(414</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">(410</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="font-weight: bold;">Inventory, net</span> </div> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">3,902</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">4,207</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> <div style="font-size: 10pt;"> <span style="color: #000000;">Inventories consisted of the following: </span> </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 1pt; white-space : nowrap; "> <td> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; vertical-align: bottom;"> <span style="font-weight: bold;">March 31, <br/></span>   <span style="font-weight: bold;">2026</span> </td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">September 30, <br/> 2025</span> </td><td style="text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Finished goods </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,387</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">1,514</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Work-in-process </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,087</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,424</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Raw materials </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">842</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">1,679</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Gross inventory </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">4,316</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">4,617</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Less – reserve for inventory valuation </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">(414</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">(410</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="font-weight: bold;">Inventory, net</span> </div> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">3,902</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">4,207</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 2387000 1514000 1087000 1424000 842000 1679000 4316000 4617000 414000 410000 3902000 4207000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">4.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">INTANGIBLE ASSETS</span> </div> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The following table summarizes the gross book value, accumulated amortization and net book value balances of intangible assets as of March 31, 2026 and September 30, 2025:</span> </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 58%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 9%;"> </td></tr><tr style="vertical-align : top; height : 1pt; white-space : nowrap; "> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">March 31, <br/></span>   <span style="color: #000000; font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">September 30, <br/> 2025</span> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Life</span> </td> <td style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Weighted Avg<br/> Remaining Life</span> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Customer relationships</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);">$</td><td style="text-align: right; color: rgb(0, 0, 0);">37,725</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);">$</td><td style="text-align: right; color: rgb(0, 0, 0);">37,725</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: center;"> <span style="color: #000000;">10-24 Years</span> </td> <td style="text-align: center;"> <span style="color: #000000;">9.6 Years</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Trademarks/names</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">5,110</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">5,110</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: center;"> <span style="color: #000000;">1-20 Years</span> </td> <td style="text-align: center;"> <span style="color: #000000;">10.1 Years</span> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Other</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">2,192</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">2,192</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;"> </td> <td style="text-align: center;"> <span style="color: #000000;">2-22 Years</span> </td> <td style="text-align: center;"> <span style="color: #000000;">10.3 Years</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;"> Gross book value</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">45,027</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">45,027</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: center;"> </td> <td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Less: Accumulated amortization</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">(16,208</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">(14,550</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;">) </td> <td style="text-align: center;"> </td> <td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Trademarks/names</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 4px double black;">521</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 4px double black;">521</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double transparent;"> </td> <td style="text-align: center;"> <span style="color: #000000;">Indefinite</span> </td> <td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000; font-weight: bold;">Intangible assets, net</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">29,340</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">30,998</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double transparent;"> </td> <td> </td> <td> </td> </tr> </table><div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The following table summarizes the gross book value, accumulated amortization and net book value balances of intangible assets by segment as of March 31, 2026 and September 30, 2025:</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">March 31, <br/></span>   <span style="color: #000000; font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">September 30,<br/> 2025</span> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Logistics</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">29,363</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">29,363</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Life Sciences</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,485</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,485</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Manufacturing</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">7,700</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">7,700</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;"> Gross book value</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">45,548</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">45,548</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Less: Accumulated amortization</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(16,208</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(14,550</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000; font-weight: bold;">Intangible assets, net</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">29,340</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">30,998</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Amortization expense for the three and six months ended March 31, 2026 and 2025 was $829 and $642, and $1,658 and $1,283, respectively.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The future amortization of these intangible assets is expected to be as follows:</span> </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Fiscal Year 2026 (remaining) </div> </td> <td style="text-align: right; width: 1%;"></td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">1,658</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Fiscal Year 2027 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,278</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Fiscal Year 2028 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,235</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Fiscal Year 2029 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,188</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Fiscal Year 2030 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,910</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Thereafter </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">14,550</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">28,819</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The following table summarizes the gross book value, accumulated amortization and net book value balances of intangible assets as of March 31, 2026 and September 30, 2025:</span> </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 58%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 9%;"> </td></tr><tr style="vertical-align : top; height : 1pt; white-space : nowrap; "> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">March 31, <br/></span>   <span style="color: #000000; font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">September 30, <br/> 2025</span> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Life</span> </td> <td style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Weighted Avg<br/> Remaining Life</span> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Customer relationships</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);">$</td><td style="text-align: right; color: rgb(0, 0, 0);">37,725</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);">$</td><td style="text-align: right; color: rgb(0, 0, 0);">37,725</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: center;"> <span style="color: #000000;">10-24 Years</span> </td> <td style="text-align: center;"> <span style="color: #000000;">9.6 Years</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Trademarks/names</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">5,110</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">5,110</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: center;"> <span style="color: #000000;">1-20 Years</span> </td> <td style="text-align: center;"> <span style="color: #000000;">10.1 Years</span> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Other</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">2,192</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">2,192</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;"> </td> <td style="text-align: center;"> <span style="color: #000000;">2-22 Years</span> </td> <td style="text-align: center;"> <span style="color: #000000;">10.3 Years</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;"> Gross book value</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">45,027</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0);"> </td><td style="text-align: right; color: rgb(0, 0, 0);">45,027</td><td style="text-align: left; color: rgb(0, 0, 0);"> </td> <td style="text-align: center;"> </td> <td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Less: Accumulated amortization</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">(16,208</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 2px solid black;">(14,550</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 2px solid transparent;">) </td> <td style="text-align: center;"> </td> <td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Trademarks/names</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 4px double black;">521</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); border-bottom: 4px double black;">521</td><td style="text-align: left; color: rgb(0, 0, 0); border-bottom: 4px double transparent;"> </td> <td style="text-align: center;"> <span style="color: #000000;">Indefinite</span> </td> <td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000; font-weight: bold;">Intangible assets, net</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">29,340</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double black;">30,998</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; border-bottom: 4px double transparent;"> </td> <td> </td> <td> </td> </tr> </table><div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The following table summarizes the gross book value, accumulated amortization and net book value balances of intangible assets by segment as of March 31, 2026 and September 30, 2025:</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">March 31, <br/></span>   <span style="color: #000000; font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">September 30,<br/> 2025</span> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Logistics</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">29,363</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">29,363</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Life Sciences</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,485</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,485</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Manufacturing</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">7,700</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">7,700</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;"> Gross book value</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">45,548</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">45,548</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Less: Accumulated amortization</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(16,208</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(14,550</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000; font-weight: bold;">Intangible assets, net</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">29,340</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">30,998</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 37725000 37725000 P10Y P24Y P9Y7M6D 5110000 5110000 P1Y P20Y P10Y1M6D 2192000 2192000 P2Y P22Y P10Y3M18D 45027000 45027000 16208000 14550000 521000 521000 29340000 30998000 29363000 29363000 8485000 8485000 7700000 7700000 45548000 45548000 16208000 14550000 29340000 30998000 829000 642000 1658000 1283000 <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The future amortization of these intangible assets is expected to be as follows:</span> </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Fiscal Year 2026 (remaining) </div> </td> <td style="text-align: right; width: 1%;"></td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">1,658</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Fiscal Year 2027 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,278</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Fiscal Year 2028 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,235</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Fiscal Year 2029 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,188</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Fiscal Year 2030 </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,910</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Thereafter </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">14,550</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="font-weight: bold;">Total</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">28,819</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 1658000 3278000 3235000 3188000 2910000 14550000 28819000 <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">5.</span> </div><div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">GOODWILL</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The Company’s goodwill carrying amounts relate to acquisitions in the Logistics, Life Sciences and Manufacturing business segments.</span> </div><div style="text-align: justify; font-size: 10pt;"> </div><div style="text-align: justify; font-size: 10pt;"><span style="color: #000000;">The composition of goodwill balances by segment as of March 31, 2026 and September 30, 2025 was as follows:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">March 31,<br/></span>   <span style="font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">September 30,<br/> 2025</span> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Logistics </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,768</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"></td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,768</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Life Sciences </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,778</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,778</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Manufacturing </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">5,046</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">5,046</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="font-weight: bold;">Total goodwill</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">31,592</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">31,592</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> <div style="text-align: justify; font-size: 10pt;"><span style="color: #000000;">The composition of goodwill balances by segment as of March 31, 2026 and September 30, 2025 was as follows:</span> </div><div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">March 31,<br/></span>   <span style="font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">September 30,<br/> 2025</span> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Logistics </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,768</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"></td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">17,768</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Life Sciences </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,778</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">8,778</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Manufacturing </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">5,046</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">5,046</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="font-weight: bold;">Total goodwill</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">31,592</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">31,592</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 17768000 17768000 8778000 8778000 5046000 5046000 31592000 31592000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">6.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">LONG-TERM DEBT</span> </div> </div> <div style="margin-left: 27pt; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The table below sets forth the total long-term debt, net of unamortized debt issuance cost, as of March 31, 2026 and September 30, 2025, respectively: </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">March 31,<br/></span>   <span style="color: #000000; font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">September 30,<br/> 2025</span> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Total debt</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,951</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,445</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Less: unamortized debt issuance costs</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">(1,106</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">(368</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Less: current portion of long-term debt</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(683</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(911</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000; font-weight: bold;">Total outstanding long-term debt </span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">7,162</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">7,166</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000;">These obligations mature as follows:</span> </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Fiscal year 2026 (remaining)</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">342</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Fiscal year 2027</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">686</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Fiscal year 2028</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">691</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Fiscal year 2029</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">697</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Fiscal year 2030</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">703</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Thereafter</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">5,832</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000; font-weight: bold;">Total</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">8,951</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">Current Credit Facility</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; font-style: italic;">The 2025 Credit Facility</span> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> On December 29, 2025, the Company entered into a new credit facility agreement (the “2025 Credit Facility”) with Santander Bank and First Merchants Bank. The 2025 Credit Facility provides for a $40,000 Asset-Based Revolving Credit Facility (“Revolving Facility”), a $6,000 Term Loan (“Term Loan”), a $3,120 Mortgage Loan (“Mortgage Loan”) and a $10,000 Revolving Credit Facility (“RCF”) to be used for acquisitions, for an aggregate commitment of $59,120. The Revolving Facility, Term Loan and Mortgage Loans mature on December 29, 2030. The RCF matures on December 29, 2027, with any outstanding borrowings at that time being converted into a three-year term loan. Interest on the 2025 Credit Facility accrues at an annual rate equal to either a base rate or, at the election of the Company, a rate based on the term Secured Overnight Financing Rate (“Term <span style="-sec-ix-hidden: hidden-fact-4">SOFR</span>”) for the applicable interest period, plus an applicable margin ranging from 1.7% to 3.0%, based upon the consolidated senior leverage ratio of the Company (as defined in the agreement governing the 2025 Credit Facility). The Revolving Facility and RCF have a commitment fee payable on the undrawn amount ranging from 0.25% to 0.35% per annum. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> For borrowings under the 2025 Credit Facility, the Company is subject to a minimum debt consolidated fixed charge coverage ratio of 1.2, a maximum consolidated leverage ratio of 4.5, and a maximum consolidated secured leverage ratio of 3.5 (each as defined in the agreement governing the 2025 Credit Facility). All financial covenants are calculated based on consolidated results. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> The proceeds under the 2025 Credit Facility were used to repay the Company’s outstanding loan balance of $33,021 under its previous credit facilities and pay loan initiation fees of $942. In connection with the 2025 Credit Facility, the Company recorded a loss of approximately $445 on the write-off of unamortized capitalized loan costs on the extinguishment of the credit agreement entered into with First Merchants Bank on April 25, 2023 (the "First Merchants Credit Agreement"), which is recorded in other (expense) income, net in the condensed consolidated statements of operations for the six months ended March 31, 2026. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> As of March 31, 2026, $17,496 and $17,548 were the amounts outstanding and available for borrowing, respectively, under the Revolving Facility. As of March 31, 2026, $349 and $9,651 were the amounts outstanding and available for borrowing, respectively, under the RCF. The effective interest rate on such borrowings outstanding was 6.07% per annum. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The Company was in compliance with the financial covenants defined in the 2025 Credit Facility as of March 31, 2026.</div><div style="font-size: 10pt;"> <span style="font-weight: bold;">Prior Credit Facilities</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">The Santander Facility</span> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The wholly-owned subsidiaries that comprise the Company’s Logistics segment (collectively, the “Janel Group Borrowers”), with the Company as a guarantor, had a Loan and Security Agreement (as amended, the “Santander Loan Agreement”) with Santander Bank with respect to a revolving line of credit facility (the “Santander Facility”). The Company entered into an Eighth Amendment to the Santander Loan Agreement on November 1, 2024, allowing for maximum borrowings of $35,000 under the Santander Facility. Interest accrued at an annual rate equal to the one-month <span style="-sec-ix-hidden: hidden-fact-5">SOFR</span> plus 2.35%. The Santander Loan Agreement had a maturity date of September 21, 2026. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> On December 29, 2025, using the proceeds received from the 2025 Credit Facility, the Santander Facility of $20,838 was paid off in full and extinguished. See “the 2025 Credit Facility” section above for additional details. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">The First Merchants Credit Agreement</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> On April 25, 2023, Indco and certain other subsidiaries of the Company that are part of the Life Sciences and Manufacturing segments (together with Indco, the “Borrowers” and each, a “Borrower”), entered into a credit agreement (the “First Merchants Credit Agreement”) with First Merchants Bank. The First Merchants Credit Agreement was amended on November 22, 2024 to provide for, among other changes, the conversion and extinguishment of the $3,700 under the existing Acquisition A loan into the Term A loan, an incremental increase to the Term A loan of $1,000, the establishment of a new Acquisition B loan with a borrowing capacity of $7,000, and the extension of the revolving line of credit. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> Interest accrued on the previously outstanding revolving Term A loan and Acquisition B loans at an annual rate equal to one-month adjusted Term <span style="-sec-ix-hidden: hidden-fact-6">SOFR</span> plus either (i) 2.75% (if the Borrowers’ total funded debt to EBITDA ratio is less or equal to 1.75:1.00) or (ii) 3.50% (if the Borrowers’ total funded debt to EBITDA ratio is greater than to 1.75:1.00). Interest accrued on the existing Term B loan at an annual rate equal to the Term A loan. The revolving line of credit had a maturity date of November 22, 2029, and the Acquisition B loan had a maturity date of November 22, 2026. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> As of September 30, 2025, there were $2,900 of outstanding borrowings under the acquisition loan, $7,885 of outstanding borrowings under the Term A loan, $559 of outstanding borrowings under the Term B loan and $1,000 of outstanding borrowings on the revolving loan, with interest accruing on all four loans at an effective interest rate of 6.89%. On December 29, 2025, the Company drew on the 2025 Credit Facility for $12,182 to fully pay off the First Merchants Credit Agreement. See “The 2025 Credit Facility” above for additional details. As of March 31, 2026, no amounts were outstanding under the First Merchants Credit Agreement which was extinguished during the quarter ended December 31, 2025. </div> <div style="text-align: justify; font-size: 10pt;"> The table below sets forth the total long-term debt, net of unamortized debt issuance cost, as of March 31, 2026 and September 30, 2025, respectively: </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">March 31,<br/></span>   <span style="color: #000000; font-weight: bold;">2026</span> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">September 30,<br/> 2025</span> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Total debt</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,951</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">8,445</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Less: unamortized debt issuance costs</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">(1,106</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">(368</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Less: current portion of long-term debt</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(683</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">(911</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000; font-weight: bold;">Total outstanding long-term debt </span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">7,162</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">7,166</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 8951000 8445000 -1106000 -368000 683000 911000 7162000 7166000 <div style="font-size: 10pt;"> <span style="color: #000000;">These obligations mature as follows:</span> </div> <div style="font-size: 10pt;">  </div> <table cellpadding="0" style="color: rgb(0, 0, 0); font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"></td><td style="width: 1%;"></td><td style="width: 1%;"></td><td style="width: 9%;"></td><td style="width: 1%;"></td></tr><tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Fiscal year 2026 (remaining)</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"></td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">342</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Fiscal year 2027</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">686</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Fiscal year 2028</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">691</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Fiscal year 2029</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">697</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Fiscal year 2030</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">703</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Thereafter</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0);"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">5,832</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000; font-weight: bold;">Total</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> </td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; color: rgb(0, 0, 0); font-weight: bold; width: 9%; border-bottom: 4px double black;">8,951</td><td style="text-align: left; color: rgb(0, 0, 0); font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 342000 686000 691000 697000 703000 5832000 8951000 40000000 6000000 3120000 10000000 59120000 2030-12-29 2030-12-29 2030-12-29 2027-12-29 P3Y 0.017 0.03 0.0025 0.0025 0.0035 0.0035 1.2 4.5 3.5 33021000 942000 -445000 17496000 17548000 349000 9651000 0.0607 35000000 one-month 0.0235 2026-09-21 20838000 3700000 1000000 7000000 one-month one-month one-month 0.0275 0.0275 0.0275 1.75 1.75 1.75 0.035 0.035 0.035 1.75 1.75 1.75 2900000 7885000 559000 1000000 0.0689 0.0689 0.0689 0.0689 12182000 0 0 0 0 <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">7.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">SUBORDINATED PROMISSORY NOTES - RELATED PARTY</span> </div> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> Janel is the obligor on four fixed 4% subordinated promissory notes totaling $6,000 in the aggregate (together, the “ELFS Subordinated Promissory Notes”), payable to certain former shareholders of Expedited Logistics and Freight Services, LLC (“ELFS”), in connection with the Company’s business combination whereby it acquired all the membership interest of ELFS and its related subsidiaries. All of the ELFS Subordinated Promissory Notes, as subsequently amended, are guaranteed by the Company and are subordinate to and junior in right of payment for principal, interest, premiums and other amounts payable to the 2025 Credit Facility. The ELFS Subordinated Promissory Notes are payable in quarterly installments of principal together with accrued interest through July 2028. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> As of September 30, 2025, the amount outstanding under the ELFS Subordinated Promissory Notes was $2,940, of which $1,174 was included in the current portion of subordinated promissory notes and $1,766 was included in the long-term portion of subordinated promissory notes. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> As of March 31, 2026, the gross amount outstanding under the ELFS Subordinated Promissory Notes was $2,450, of which $1,174 was included in the current portion of subordinated promissory notes and $1,276 was included in the long-term portion of subordinated promissory notes. </div> 4 0.04 6000000 quarterly 2940000 1174000 1766000 2450000 1174000 1276000 <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">8.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">STOCKHOLDERS’ EQUITY</span> </div> </div> <div style="text-align: justify; margin-left: 27pt; font-size: 10pt;">  </div> <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt; font-size: 10pt;"> <span style="color: #000000;">(in thousands, except share and per share data)</span> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Janel is authorized to issue </span>4,500,000<span style="color: #000000;"> shares of common stock, par value $</span>0.001<span style="color: #000000;">. In addition, the Company is authorized to issue </span>100,000<span style="color: #000000;"> shares of preferred stock, par value $</span>0.001<span style="color: #000000;">. The preferred stock is issuable in series with such voting rights, if any, designations, powers, preferences and other rights and such qualifications, limitations and restrictions as may be determined by the Company’s Board of Directors or a duly authorized committee thereof, without stockholder approval. The Board of Directors may fix the number of shares constituting each series and increase or decrease the number of shares of any series.</span> </div><div style="text-indent: -36pt; padding-left: 36pt;"> <div style="float: left; width: 36pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">(A)</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Preferred Stock</span> </div> </div> <div style="margin-left: 36pt; font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;"> </span><span style="color: #000000; font-weight: bold; font-style: italic; text-decoration: underline;">Series C Cumulative Preferred Stock</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> Shares of the Company’s Series C Cumulative Preferred Stock (the “Series C Stock”) are entitled to receive annual dividends at a rate of 5% per annum of the original issuance price of $500 per share, when and if declared by the Company’s Board of Directors, and increased by 1% on January 1, 2024. Such rate is to increase on each January 1 thereafter for four years to a maximum rate of 9%<span style="color: #000000;">. The dividend rate of the Series C Stock as of March 31, 2026 and September 30, 2025 was 8% and 7%, respectively. In th</span>e event of liquidation, holders of Series C Stock shall be paid an amount equal to the original issuance price, plus any accrued dividends thereon. Shares of Series C Stock may be redeemed by the Company at any time upon notice and payment of the original issuance price, plus any accrued dividends thereon.<span style="color: #000000;"> The liquidation value of Series C Stock was $6,708 and $7,333 as of March 31, 2026 and September 30, 2025, respectively.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">For the three and six months ended March 31, 2026 and 2025, the Company declared dividends on Series C Stock of $112 and $108, and $212 and $194, respectively. As of March 31, 2026 and September 30, 2025, the Company had accrued dividends of $1,024 and $1,649, respectively.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-indent: -36pt; padding-left: 36pt;"> <div style="float: left; width: 36pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">(B)</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold; font-style: italic;">Equity Incentive Plan</span> </div> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> On October 30, 2013, the Board of Directors of the Company adopted the Company’s 2013 Non-Qualified Stock Option Plan (the “2013 Option Plan”) providing for options to purchase up to 100,000 shares of common stock for issuance to directors, officers, employees of and consultants to the Company and its subsidiaries. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> On May 12, 2017, the Company adopted the 2017 Equity Incentive Plan (the “2017 Plan”) pursuant to which the Company may grant (i) incentive stock options, (ii) non-statutory stock options, (iii) restricted stock awards and (iv) stock appreciation rights with respect to shares of the Company’s common stock, par value of $0.001 per share (“Common Stock”), to directors, officers, employees of and consultants to the Company. On September 21, 2021, the Board of Directors of the Company adopted the Amended and Restated 2017 Janel Corporation Equity Incentive Plan (the “Amended Plan”) pursuant to which the Company may grant non-statutory stock options, restricted stock awards and stock appreciation rights of Common Stock to employees, directors and consultants to the Company and its subsidiaries. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> The Amended Plan increased the number of shares of Common Stock that may be issued pursuant to the Amended Plan from 100,000 to 200,000 shares of Common Stock of the Company and reflected certain other non-substantive amendments. </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">Participants and all terms of any grant under the Amended Plan are within the discretion of the Company’s Compensation Committee.</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The following table summarizes activities under the 2017 Equity Incentive Plan for the indicated periods:</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">Options</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="margin: 0in; text-align: justify;">The Company uses the Black-Scholes option pricing model to estimate the fair value of the share-based awards. In applying this model, the Company uses the following assumptions:</div><div style="text-align: justify; font-size: 10pt;"> </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> <span style=" color: #000000;">●</span> </div> <div> Risk-free interest rate - The Company determines the risk-free interest rate by using a weighted average assumption equivalent to the expected term based on the U.S. Treasury constant maturity rate. </div></div> <div style="text-align: justify; margin-left: 36pt; font-size: 10pt;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> <span style=" color: #000000;">●</span> </div> <div> Expected term - The Company estimates the expected term of options on the average of the vesting date and term of the option. </div></div> <div style="text-align: justify; margin-left: 36pt; font-size: 10pt;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> <span style=" color: #000000;">●</span> </div> <div> Expected volatility - The Company estimates expected volatility using daily historical trading data of its common stock. </div></div> <div style="text-align: justify; margin-left: 36pt; font-size: 10pt;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 36pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> <span style=" color: #000000;">●</span> </div> <div> Dividend yield - The Company has never paid dividends on its common stock and currently have no plans to do so; therefore, no dividend yield is applied. </div></div> <div style="text-align: justify; font-size: 10pt;">  </div> <div style="text-align: justify;"> The fair values of the employee option awards for the three and six months ended March 31, 2026 and 2025 were estimated using the assumptions below, which yielded the following weighted average grant date fair values for the periods presented: </div><div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align : center; border-color : black; white-space : nowrap; "><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three and Six Months<br/>Ended March 31,</span></td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align : center; border-color : black; white-space : nowrap; "><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three and Six Months<br/>Ended March 31,</span></td><td style="text-align: right;"> </td> </tr><tr style="vertical-align: top; height: 9.0pt;"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Risk-free interest rate </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.72</td><td style="text-align: left; width: 1%;">%</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.45</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Expected option term in years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">5.5</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="width: 9%; white-space: nowrap; text-align: right;">4.5<span style="letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-6.0</span></td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Expected volatility </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">57.73</td><td style="text-align: left; width: 1%;">%</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">49.40</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Dividend yield </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;">%</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Weighted average grant date fair value </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">19.87</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; white-space: nowrap; width: 9%;"> $12.91 - $19.86 </td><td style="text-align: right; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Number<br/></span>   <span style="color: #000000; font-weight: bold;">of Options</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Weighted<br/></span>   <span style="color: #000000; font-weight: bold;">Average<br/></span>   <span style="color: #000000; font-weight: bold;">Exercise<br/></span>   <span style="color: #000000; font-weight: bold;">Price</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="color: #000000; font-weight: bold;">Weighted<br/></span>   <span style="color: #000000; font-weight: bold;">Average<br/></span>   <span style="color: #000000; font-weight: bold;">Remaining<br/> Contractual<br/></span>   <span style="color: #000000; font-weight: bold;">Term (in years)</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="color: #000000; font-weight: bold;">Aggregate<br/></span>   <span style="color: #000000; font-weight: bold;">Intrinsic<br/></span>   <span style="color: #000000; font-weight: bold;">Value<br/></span>   <span style="color: #000000; font-weight: bold;">(in thousands)</span> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Outstanding balances, September 30, 2025</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">62,493</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">28.35</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">6.5</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">705.34</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Granted</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">12,500</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">36.01</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">5.5</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;"> — </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Outstanding balances, March 31, 2026</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 4px double black;">74,993</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">29.63</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">6.6</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">1,670.92</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Exercisable at March 31, 2026</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 4px double black;">62,493</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">28.35</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">6.0</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">1,474.42</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> </table><div style="font-size: 10pt;">  </div> <div style="text-align: justify;"> The aggregate intrinsic value in the above table was calculated as the difference between the closing price of the company’s common stock at March 31, 2026 of $51.73 per share and the exercise price of the stock options that had strike prices below such closing price. </div><div style="text-align: justify; font-size: 10pt;">  </div> <div style="font-size: 10pt;"> <span style="color: #000000;">As of March 31, 2026, there was $125 unrecognized compensation expense related to the unvested employee stock options, which is expected to be recognized over the next fiscal year.</span> </div> 4500000 4500000 0.001 0.001 100000 100000 0.001 0.001 0.05 500 0.01 P4Y 0.09 0.08 0.07 6708000 7333000 112000 108000 212000 194000 1024000 1649000 100000 0.001 100000 200000 <div style="text-align: justify;"> The fair values of the employee option awards for the three and six months ended March 31, 2026 and 2025 were estimated using the assumptions below, which yielded the following weighted average grant date fair values for the periods presented: </div><div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align : center; border-color : black; white-space : nowrap; "><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three and Six Months<br/>Ended March 31,</span></td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td colspan="2" style="text-align : center; border-color : black; white-space : nowrap; "><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three and Six Months<br/>Ended March 31,</span></td><td style="text-align: right;"> </td> </tr><tr style="vertical-align: top; height: 9.0pt;"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: right; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Risk-free interest rate </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.72</td><td style="text-align: left; width: 1%;">%</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">3.45</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Expected option term in years </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">5.5</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="width: 9%; white-space: nowrap; text-align: right;">4.5<span style="letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-6.0</span></td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Expected volatility </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">57.73</td><td style="text-align: left; width: 1%;">%</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">49.40</td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Dividend yield </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;">%</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> — </td><td style="text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Weighted average grant date fair value </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">19.87</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; white-space: nowrap; width: 9%;"> $12.91 - $19.86 </td><td style="text-align: right; width: 1%;"> </td> </tr> </table> 0.0372 0.0372 0.0345 0.0345 P5Y6M P5Y6M P4Y6M P4Y6M P6Y P6Y 0.5773 0.5773 0.494 0.494 0 0 0 0 19.87 19.87 12.91 12.91 19.86 19.86 <table cellpadding="0" style="color: rgb(0, 0, 0); border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Number<br/></span>   <span style="color: #000000; font-weight: bold;">of Options</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="color: #000000; font-weight: bold;">Weighted<br/></span>   <span style="color: #000000; font-weight: bold;">Average<br/></span>   <span style="color: #000000; font-weight: bold;">Exercise<br/></span>   <span style="color: #000000; font-weight: bold;">Price</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="color: #000000; font-weight: bold;">Weighted<br/></span>   <span style="color: #000000; font-weight: bold;">Average<br/></span>   <span style="color: #000000; font-weight: bold;">Remaining<br/> Contractual<br/></span>   <span style="color: #000000; font-weight: bold;">Term (in years)</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="color: #000000; font-weight: bold;">Aggregate<br/></span>   <span style="color: #000000; font-weight: bold;">Intrinsic<br/></span>   <span style="color: #000000; font-weight: bold;">Value<br/></span>   <span style="color: #000000; font-weight: bold;">(in thousands)</span> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Outstanding balances, September 30, 2025</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">62,493</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">28.35</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">6.5</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">705.34</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Granted</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 2px solid black;">12,500</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">36.01</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">5.5</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;"> — </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> <span style="color: #000000;">Outstanding balances, March 31, 2026</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 4px double black;">74,993</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">29.63</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">6.6</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">1,670.92</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> <span style="color: #000000;">Exercisable at March 31, 2026</span> </div> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double black;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%; border-bottom: 4px double black;">62,493</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">28.35</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">6.0</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> <td style="text-align: right; color: rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; color: rgb(0, 0, 0); width: 9%;">1,474.42</td><td style="text-align: left; color: rgb(0, 0, 0); width: 1%;"> </td> </tr> </table> 62493000 28.35 P6Y6M 705340 12500000 36.01 P5Y6M 0 74993000 29.63 P6Y7M6D 1670920 62493000 28.35 P6Y 1474420 51.73 125000 <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">9.</span> </div> <div style="font-size: 10pt;"> <span style="color: #000000; font-weight: bold;">INCOME PER COMMON SHARE</span> </div> </div> <div style="font-size: 10pt;">  </div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The following table provides a reconciliation of the basic and diluted earnings per share (“EPS”) computations for the three and six months ended March 31, 2026 and 2025:</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center;"> </td><td colspan="6" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Three Months Ended<br/> March 31,</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="6" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended<br/> March 31,</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> (in thousands, except per share data) </div> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Income:</span> </div> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Consolidated net income </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">999</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1,440</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1,699</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">2,099</td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income attributable to noncontrolling interests </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(282</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(563</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Net income attributable to Janel Corporation</span> </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">717</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">1,440</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">1,136</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">2,099</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Preferred stock dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(112</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(108</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(212</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(194</td><td style="text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Non-controlling interest dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(243</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Net income available to common stockholders</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">605</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,332</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">924</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,662</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Common Shares: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Basic - weighted average common shares </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Effect of dilutive securities: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stock options </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">24</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">20</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">29</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">20</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Diluted - weighted average common stock </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,210</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,206</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,215</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,206</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td style="font-weight: bold;"> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Income per Common Share: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-indent: -9.6px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Basic</span></td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Consolidated net income </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">0.84</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1.21</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1.43</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1.77</td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income attributable to noncontrolling interests </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.24</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.47</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Preferred stock dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.18</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.16</td><td style="text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Noncontrolling interest dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(0.20</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income available to common shareholders </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.51</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.12</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.78</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.41</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Diluted</span></td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr><tr style="vertical-align: top;"> <td>Consolidated <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">net income</span> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">0.83</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.19</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.40</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.74</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income attributable to noncontrolling interests </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.24</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.47</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Preferred stock dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.17</td><td style="text-align: left;">)</td> <td style="text-align: right;"> </td><td style="text-align: left;"><br/></td><td style="text-align: right;">(0.16</td><td style="text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Noncontrolling interest dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(0.20</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income available to common stockholders </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.50</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.10</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.76</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.38</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table> <div style="text-align: justify;"> </div> <div style="margin: 0in; text-align: justify;">The computation for the diluted number of shares excludes unexercised stock options that are anti-dilutive. There were 10 anti-dilutive shares for each of the three- and six-month periods ended March 31, 2026 and 22.5 anti-dilutive shares for each of the three- and six-month periods ended March 31, 2025.</div> <div style="text-align: justify; font-size: 10pt;"> <span style="color: #000000;">The following table provides a reconciliation of the basic and diluted earnings per share (“EPS”) computations for the three and six months ended March 31, 2026 and 2025:</span> </div> <div style="text-align: justify; font-size: 10pt;">  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center;"> </td><td colspan="6" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Three Months Ended<br/> March 31,</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="6" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended<br/> March 31,</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> (in thousands, except per share data) </div> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center;"> </td> <td style="text-align: center;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Income:</span> </div> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> <td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td><td style="text-align: justify;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Consolidated net income </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">999</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1,440</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1,699</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">2,099</td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income attributable to noncontrolling interests </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(282</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(563</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Net income attributable to Janel Corporation</span> </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">717</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">1,440</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">1,136</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">2,099</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Preferred stock dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(112</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(108</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(212</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(194</td><td style="text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Non-controlling interest dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(243</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Net income available to common stockholders</span> </div> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">605</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,332</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">924</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; font-weight: bold;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;">$</td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,662</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> <td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td><td style="text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Common Shares: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Basic - weighted average common shares </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">1,186</td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Effect of dilutive securities: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Stock options </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">24</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">20</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">29</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">20</td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Diluted - weighted average common stock </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,210</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,206</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,215</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; font-weight: bold; border-bottom: 4px double black;"> </td><td style="text-align: right; font-weight: bold; border-bottom: 4px double black;">1,206</td><td style="text-align: left; font-weight: bold; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td style="font-weight: bold;"> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Income per Common Share: </div> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-indent: -9.6px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Basic</span></td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> <td> </td><td> </td><td> </td><td> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Consolidated net income </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">0.84</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1.21</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1.43</td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;">$</td><td style="text-align: right;">1.77</td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income attributable to noncontrolling interests </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.24</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.47</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Preferred stock dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.18</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.16</td><td style="text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Noncontrolling interest dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(0.20</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income available to common shareholders </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.51</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.12</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.78</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.41</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Diluted</span></td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> </td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr><tr style="vertical-align: top;"> <td>Consolidated <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">net income</span> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">0.83</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.19</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.40</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.74</span></td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income attributable to noncontrolling interests </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.24</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.47</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;"> — </td><td style="text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Preferred stock dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.09</td><td style="text-align: left;">) </td> <td style="text-align: right;"> </td><td style="text-align: left;"> </td><td style="text-align: right;">(0.17</td><td style="text-align: left;">)</td> <td style="text-align: right;"> </td><td style="text-align: left;"><br/></td><td style="text-align: right;">(0.16</td><td style="text-align: left;">) </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Noncontrolling interest dividends </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;"> — </td><td style="text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 2px solid black;"> </td><td style="text-align: right; border-bottom: 2px solid black;">(0.20</td><td style="text-align: left; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td style="font-weight: bold;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Net income available to common stockholders </div> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.50</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.10</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">0.76</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> <td style="text-align: right;"> </td><td style="text-align: left; border-bottom: 4px double black;">$</td><td style="text-align: right; border-bottom: 4px double black;">1.38</td><td style="text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table> 999000 1440000 1699000 2099000 282000 0 563000 0 717000 1440000 1136000 2099000 112000 108000 212000 194000 0 0 0 243000 605000 1332000 924000 1662000 1186000 1186000 1186000 1186000 24000 20000 29000 20000 1210000 1206000 1215000 1206000 0.84 1.21 1.43 1.77 -0.24 0 -0.47 0 -0.09 -0.09 -0.18 -0.16 0 0 0 -0.2 0.51 1.12 0.78 1.41 0.83 1.19 1.4 1.74 -0.24 0 -0.47 0 -0.09 -0.09 -0.17 -0.16 0 0 0 -0.2 0.5 1.1 0.76 1.38 10000 10000 22500 22500 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">10.</span> </div> <div> <span style="font-weight: bold;">INCOME TAXES</span> </div> </div><div>  </div><div style="text-align: justify;"> The reconciliation of income tax computed at the federal statutory rate to the provision for income taxes from continuing operations for the three and six-month periods ended March 31, 2026 and 2025 is as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td> </td> <td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">Three Months Ended <br/> March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;">  </td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended<span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: block;"><br/></span>March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2026</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2025</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2026</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2025</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Federal taxes at statutory rates </div> </td> <td> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(151</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(396</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(492</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(576</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Permanent differences </div> </td> <td> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">93</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">143</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; border-bottom: 1px solid transparent; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> State and local taxes, net of federal benefit </div> </td> <td> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(50</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(112</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(153</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(180</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align : top; border : 1px solid transparent; "> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Total</span> </div> </td> <td> </td> <td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(202</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(415</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(647</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(613</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> </tr> </table> <div style="text-align: justify;"> The reconciliation of income tax computed at the federal statutory rate to the provision for income taxes from continuing operations for the three and six-month periods ended March 31, 2026 and 2025 is as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td> </td> <td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">Three Months Ended <br/> March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;">  </td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended<span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: block;"><br/></span>March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2026</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2025</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2026</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2025</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Federal taxes at statutory rates </div> </td> <td> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(151</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(396</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(492</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(576</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Permanent differences </div> </td> <td> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(1</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">93</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">143</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; border-bottom: 1px solid transparent; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> State and local taxes, net of federal benefit </div> </td> <td> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(50</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(112</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(153</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(180</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align : top; border : 1px solid transparent; "> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Total</span> </div> </td> <td> </td> <td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(202</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(415</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(647</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">(613</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;">) </td> </tr> </table> 151000 396000 492000 576000 1000 -93000 2000 -143000 50000 112000 153000 180000 202000 415000 647000 613000 <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">11.</span> </div> <div> <span style="font-weight: bold;">BUSINESS SEGMENT INFORMATION</span> </div> </div><div>  </div><div style="text-align: justify;"> As referenced above in Note 1, the Company operates in three reportable segments: Logistics, Life Sciences and Manufacturing. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> The Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), regularly reviews financial information at the reporting segment level in order to make decisions about resources to be allocated to the segments and to assess their performance. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> The following tables present selected financial information about the Company’s reportable segments and Corporate for the purpose of reconciling to the consolidated totals for the three and six months ended March 31, 2026: </div><div>  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the three months ended March 31, 2026</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">57,444</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">51,484</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,401</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,559</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">38,876</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">37,105</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">622</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,149</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">18,568</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">14,379</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,779</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,410</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">16,194</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">10,913</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,306</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">841</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,134</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">829</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">829</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,545</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,466</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">473</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">569</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2,963</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">410</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">272</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">154,188</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">68,433</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,736</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,398</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66,621</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">123</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">123</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the six months ended March 31, 2026</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">113,483</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">102,313</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,805</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,365</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">76,798</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">73,534</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,202</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,062</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">36,685</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">28,779</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,303</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">32,504</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">21,891</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,792</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,773</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,048</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,658</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,658</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,523</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,888</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">811</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">530</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,706</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">715</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">372</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">192</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">145</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">154,188</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">68,433</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,736</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,398</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66,621</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">164</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">151</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: justify;">  </div><div style="text-align: justify;"> The Manufacturing segment includes results from Rubicon starting on the acquisition date of October 14, 2025. Rubicon’s corporate expenses are included in Janel’s Corporate expenses segment. </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td colspan="21" style="border-color : black; "><span style="letter-spacing: normal; text-align: justify; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The following tables present selected financial information about the Company’s reportable segments and Corporate for the purpose of reconciling to the consolidated totals for the three and six months ended March 31, 2025:</span> </td> </tr><tr style="vertical-align: top;"> <td style="border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top;"> <td style="border-color: currentcolor currentcolor rgb(0, 0, 0); border-width: medium medium 2px; border-style: none none solid;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the three months ended March 31, 2025</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">50,731</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">44,044</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,166</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,521</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">34,160</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">32,188</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">796</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,176</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">16,571</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,856</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,370</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,345</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">13,759</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9,524</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,918</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">802</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,515</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">642</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">642</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,170</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,332</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,452</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">543</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2,157</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">560</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">395</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">90</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">75</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">114,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">44,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">12,629</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,794</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">52,288</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">284</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">14</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">255</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">15</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the six months ended March 31, 2025</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">102,085</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">90,130</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,149</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,806</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">70,372</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66,896</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,246</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,230</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">31,713</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">23,234</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,903</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,576</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">27,051</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">18,892</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,917</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,743</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,499</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,283</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,283</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,379</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,342</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,986</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">833</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(3,782</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,226</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">879</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">207</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">140</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">114,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">44,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">12,629</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,794</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">52,288</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">375</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">25</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">333</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">17</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 3 <div style="text-align: justify;"> The following tables present selected financial information about the Company’s reportable segments and Corporate for the purpose of reconciling to the consolidated totals for the three and six months ended March 31, 2026: </div><div>  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the three months ended March 31, 2026</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">57,444</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">51,484</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,401</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,559</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">38,876</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">37,105</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">622</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,149</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">18,568</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">14,379</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,779</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,410</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">16,194</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">10,913</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,306</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">841</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,134</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">829</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">829</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,545</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,466</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">473</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">569</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2,963</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">410</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">272</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">154,188</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">68,433</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,736</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,398</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66,621</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">123</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">123</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the six months ended March 31, 2026</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">113,483</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">102,313</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,805</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,365</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">76,798</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">73,534</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,202</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,062</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">36,685</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">28,779</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,303</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">32,504</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">21,891</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,792</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,773</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,048</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,658</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,658</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,523</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6,888</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">811</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">530</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(5,706</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">715</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">372</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">192</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">145</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">6</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">154,188</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">68,433</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,736</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,398</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66,621</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">164</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">151</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td colspan="21" style="border-color : black; "><span style="letter-spacing: normal; text-align: justify; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The following tables present selected financial information about the Company’s reportable segments and Corporate for the purpose of reconciling to the consolidated totals for the three and six months ended March 31, 2025:</span> </td> </tr><tr style="vertical-align: top;"> <td style="border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top;"> <td style="border-color: currentcolor currentcolor rgb(0, 0, 0); border-width: medium medium 2px; border-style: none none solid;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">For the three months ended March 31, 2025</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">50,731</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">44,044</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,166</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,521</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">34,160</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">32,188</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">796</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,176</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">16,571</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">11,856</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,370</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,345</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">13,759</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">9,524</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,918</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">802</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,515</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">642</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">642</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,170</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,332</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,452</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">543</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(2,157</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">560</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">395</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">90</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">75</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">114,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">44,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">12,629</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,794</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">52,288</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">284</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">14</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">255</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">15</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div>  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 40%;"> </td> <td style="width: 1%;"> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the six months ended March 31, 2025</span></td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Logistics</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Life Sciences</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Manufacturing</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate</span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">102,085</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">90,130</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">7,149</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,806</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;"> — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Forwarding expenses and cost of revenues </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">70,372</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">66,896</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,246</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,230</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Gross profit </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">31,713</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">23,234</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">5,903</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,576</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">27,051</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">18,892</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,917</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,743</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,499</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Amortization of intangible assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,283</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,283</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Income (loss) from operations </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">3,379</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,342</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,986</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">833</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">(3,782</td><td style="vertical-align: bottom; text-align: left; width: 1%;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Interest expense </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,226</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">879</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">207</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">140</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td> <div> Identifiable assets </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">114,314</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">44,603</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">12,629</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">4,794</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">52,288</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td> <div> Capital expenditures, net of disposals </div> </td> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">375</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">25</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">333</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">17</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">  — </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 57444000 51484000 3401000 2559000 0 38876000 37105000 622000 1149000 0 18568000 14379000 2779000 1410000 0 16194000 10913000 2306000 841000 2134000 829000 0 0 0 829000 1545000 3466000 473000 569000 -2963000 -410000 -272000 -66000 -66000 -6000 154188000 68433000 11736000 7398000 66621000 123000 0 123000 0 0 113483000 102313000 6805000 4365000 0 76798000 73534000 1202000 2062000 0 36685000 28779000 5603000 2303000 0 32504000 21891000 4792000 1773000 4048000 1658000 0 0 0 1658000 2523000 6888000 811000 530000 -5706000 -715000 -372000 -192000 -145000 -6000 154188000 68433000 11736000 7398000 66621000 164000 9000 151000 4000 0 50731000 44044000 4166000 2521000 0 34160000 32188000 796000 1176000 0 16571000 11856000 3370000 1345000 0 13759000 9524000 1918000 802000 1515000 642000 0 0 0 642000 2170000 2332000 1452000 543000 -2157000 -560000 -395000 -90000 -75000 0 114314000 44603000 12629000 4794000 52288000 284000 14000 255000 15000 0 102085000 90130000 7149000 4806000 0 70372000 66896000 1246000 2230000 0 31713000 23234000 5903000 2576000 0 27051000 18892000 3917000 1743000 2499000 1283000 0 0 0 1283000 3379000 4342000 1986000 833000 -3782000 -1226000 -879000 -207000 -140000 0 114314000 44603000 12629000 4794000 52288000 375000 25000 333000 17000 0 <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">12.</span> </div> <div> <span style="font-weight: bold;">FAIR VALUE MEASUREMENTS</span> </div> </div><div style="text-align: justify; margin-left: 27pt;">  </div><div style="text-align: justify;"> ASC Topic 820 established a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy under ASC Topic 820 are described below: </div><div style="text-align: justify;">  </div><div style="text-indent: -45pt; text-align: justify; padding-left: 81pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> Level 1: </div> <div> Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. </div> </div><div style="text-align: justify; margin-left: 36pt;">  </div><div style="text-indent: -45pt; text-align: justify; padding-left: 81pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> Level 2: </div> <div> Inputs to the valuation methodology are quoted market prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. </div> </div><div style="text-align: justify; margin-left: 36pt;">  </div><div style="text-indent: -45pt; text-align: justify; padding-left: 81pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> Level 3: </div> <div> Inputs to the valuation methodology are unobservable and significant to the fair value measurement. </div> </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. </div><div>  </div><div> <span style="font-weight: bold; font-style: italic;">Recurring Fair Value Measurements</span> </div><div>  </div><div style="text-align: justify;"> The following table presents the Company’s assets that are measured at fair value on a recurring basis based on the three-level valuation hierarchy: </div><div style="text-align: justify;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> <b>March 31, 2026</b> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 1</b> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 2</b> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 3</b> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> <b>Total</b> </td><td> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> Investment in marketable securities at fair value </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;">263</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;"> - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;"> - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;">263</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td> Restricted investments </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">250</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">  - </td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">  - </td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">250</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <b>Total Assets</b> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black; font-weight: bold;">513</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black;"> - </td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black;"> - </td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black; font-weight: bold;">513</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> <b>September 30, 2025</b> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 1</b> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 2</b> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 3</b> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Total</b> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Investment in Rubicon at fair value </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">4,631</td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;">4,631</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr> <td> Investment in marketable securities at fair value </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;">33</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;">  - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;"> -</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;">33</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> Restricted investments </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">250</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">250</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr> <td> <b>Total Assets</b> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; font-weight: bold; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,914</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; font-weight: bold; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,914</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table><div>  </div><div style="margin: 0in; text-align: justify;">The following table sets forth a summary of the changes in the investment in marketable securities and restricted investments during the three and six months ended March 31, 2026 and 2025:</div><div style="text-align: justify;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">Three Months Ended<br/>March 31,</span> </td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">Six Months Ended<br/>March 30,</span> </td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Balance, beginning of period </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">392</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">2,163</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">4,914</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">1,824</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Acquisition of controlling financial interest of Rubicon </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">(4,631</td><td style="text-align: left; width: 1%;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Unrealized gain (loss)</td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">(13</td><td style="text-align: left; width: 1%;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">570</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">35</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">873</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Purchase of securities (net of sales) </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">134</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">195</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">63</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Balance, end of period</span> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">513</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,760</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">513</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,760</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table><div style="text-align: justify;">On August 19, 2022, the Company acquired 1,108,000 shares of Rubicon common stock at a price per share of $20.00, in a cash tender offer. As of September 30, 2025, the Company held 46.6% of the total issued and outstanding shares of Rubicon and reported its investment under the fair value method pursuant to ASC Topic 320, <span style="font-style: italic;">Investments - Debt Securities</span>. Management determined that it was appropriate to carry its investment in Rubicon at fair value because the investment was traded on the NASDAQ stock exchange through January 2, 2023, began trading on the OTCQB Capital Market on January 3, 2023 and had daily trading activity, the combination of which provides a better indicator of value. The investment in Rubicon was re-measured at the end of each quarter based on the trading price, and any change in the value was reported in the condensed statement of operations as an unrealized gain or loss on marketable securities in Other (expense) income, net. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> On October 14, 2025, the Company acquired an additional 7,000,000 shares of Rubicon Common Stock and obtained a controlling financial interest in Rubicon through its ownership of 86.5% of outstanding equity resulting in consolidation of Rubicon from the acquisition date. Immediately prior to the business combination, the investment was measured at fair value. In connection with the closing of the Contribution, the Company commenced a tender offer to purchase 426,000 shares of Rubicon common stock at $4.75 per share in cash, which expired on November 12, 2025. The shares of Rubicon common stock were transferred to Janel Corporation on November 17, 2025. After the tender offer, Janel Corporation owns approximately 91.0% of Rubicon’s common stock outstanding. See Note 2 – Acquisitions and Investments. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> The following table sets forth a summary of the changes in the fair value of the Company’s investment in Rubicon, which was measured at fair value on a recurring basis prior to October 14, 2025, utilizing Level 1 assumptions in its valuation: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td colspan="6" style="text-align: center;"> <span style="font-weight: bold;">Three Months Ended<br/>March 31,</span> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td colspan="6" style="text-align: center;"> <span style="font-weight: bold;">Six Months Ended<br/>March 31,</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify; border-width: medium; border-style: none; border-color: currentcolor;"> Balance, beginning of period </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="text-align: right; width: 9%;">-</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%;">$</td> <td style="text-align: right; width: 9%;">1,828</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%;">$</td> <td style="text-align: right; width: 9%;">4,631</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%;">$</td> <td style="text-align: right; width: 9%;">1,518</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Fair value adjustment to Rubicon investment </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">587</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(4,631</td><td style="text-align: left; width: 1%;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">897</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Balance, end of period</span> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;">$</td> <td style="text-align: right; width: 9%; border-bottom: 2px solid black;">  - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 2px solid black;">2,415</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 2px solid black;">2,415</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div>  </div><div style="text-align: justify;">There were no level 2 or 3 assets as of March 31, 2026 and September 30, 2025. There were no transfers between investment levels as of March 31, 2026 and September 30, 2025. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> The following table presents the Company’s liabilities that are measured at fair value on a recurring basis based on the three-level valuation hierarchy: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="font-weight: bold;">March 31, 2026</span> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Total</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Contingent earnout </td> <td style="text-align: justify; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">64</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> - </td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">30</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">94</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Mandatorily redeemable noncontrolling interest </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,706</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,706</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Total Liabilities</span> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">64</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,736</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 2px solid black;">2,800</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="font-weight: bold;">September 30, 2025</span> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Total</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Contingent earnout </td> <td style="text-align: justify; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">1,143</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">1,504</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">2,647</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Mandatorily redeemable noncontrolling interest </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,161</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,161</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Total Liabilities</span> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,143</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,665</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,808</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div>  </div><div style="margin: 0in; text-align: justify;">These liabilities relate to the estimated fair value of earnout and mandatorily redeemable noncontrolling interest payments due to former business owners at previously acquired companies. The level 1 contingent earnout is fixed. The Company determined the fair value of the Level 3 liabilities using forecasted results through the expected earnout periods. The principal inputs to the approach include expectations of the specific business’s revenues in fiscal years 2025 through 2026 using an appropriate discount rate. Given the use of significant inputs that are not observable in the market, the contingent earnout liability and mandatorily redeemable noncontrolling interests are classified within Level 3 of the fair value hierarchy.<span style="display: none; background: rgb(255, 160, 160);">[-- End "Note 13. Fair Value Measurements" Segment --][-- Start "Note 14. Leases Q1" Segment --]</span></div><div style="margin: 0in;"> </div><div style="text-align: justify;"> The current and non-current portions of the fair value of the contingent earnout liabilities as of March 31, 2026 were $39 and $55, respectively. The current and non-current portions of the fair value of the contingent earnout liabilities as of September 30, 2025 were $2,592 and $55, respectively. </div><div style="text-align: justify;"> </div><div style="margin: 0in; text-align: justify;">The following table sets forth a summary of the changes in the fair value of the Company’s contingent earnout liabilities for the three and six months ended March 31, 2026 and 2025, which are measured at fair value on a recurring basis utilizing Level 1 and Level 3 assumptions in their valuation:</div><div style="margin: 0in;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td colspan="8" style="text-align: center;"> <span style="font-weight: bold;">Three Months Ended<br/>March 31,</span> </td> <td colspan="8" style="text-align: center;"> <span style="font-weight: bold;">Six Months Ended<br/>March 31,</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: left;">Balance, beginning of period</td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">1,422</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,380</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,647</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,350</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="white-space: nowrap; text-align: left;"> Fair value of contingent consideration recorded in connection with business combinations</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">30</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">60</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Earnout payment </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,328</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,078</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,553</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,078</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Balance, end of period </div> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">94</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,332</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">94</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,332</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table> <div style="text-align: justify;"> The following table presents the Company’s assets that are measured at fair value on a recurring basis based on the three-level valuation hierarchy: </div><div style="text-align: justify;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> <b>March 31, 2026</b> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 1</b> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 2</b> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 3</b> </td><td> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> <b>Total</b> </td><td> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> Investment in marketable securities at fair value </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;">263</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;"> - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;"> - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="width: 9%; text-align: right;">263</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr> <td> Restricted investments </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">250</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">  - </td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">  - </td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="width: 9%; text-align: right; border-bottom: 2px solid black;">250</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> <b>Total Assets</b> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black; font-weight: bold;">513</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black;"> - </td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black;"> - </td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="width: 9%; text-align: right; border-bottom: 4px double black; font-weight: bold;">513</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td> <b>September 30, 2025</b> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 1</b> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 2</b> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Level 3</b> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <b>Total</b> </td><td style="width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Investment in Rubicon at fair value </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">4,631</td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="width: 9%; text-align: right; border-width: medium; border-style: none; border-color: currentcolor;">4,631</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr> <td> Investment in marketable securities at fair value </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;">33</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;">  - </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;"> -</td><td style="width: 1%; text-align: left;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="width: 9%; text-align: right;">33</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td> Restricted investments </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">250</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">250</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr> <td> <b>Total Assets</b> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; font-weight: bold; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,914</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="width: 9%; text-align: right; font-weight: bold; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,914</td><td style="width: 1%; text-align: left; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table><div style="text-align: justify;"> The following table presents the Company’s liabilities that are measured at fair value on a recurring basis based on the three-level valuation hierarchy: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="font-weight: bold;">March 31, 2026</span> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Total</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Contingent earnout </td> <td style="text-align: justify; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">64</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> - </td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">30</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">94</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Mandatorily redeemable noncontrolling interest </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,706</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,706</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Total Liabilities</span> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">64</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,736</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 2px solid black;">2,800</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> <span style="font-weight: bold;">September 30, 2025</span> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 1</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 2</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Level 3</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> <td> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <span style="font-weight: bold;">Total</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Contingent earnout </td> <td style="text-align: justify; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">1,143</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">1,504</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: justify; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">2,647</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Mandatorily redeemable noncontrolling interest </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,161</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,161</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Total Liabilities</span> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,143</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">5,665</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,808</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 263000 0 0 263000 250000 250000 513000 0 0 513000 4631000 0 0 4631000 33000 0 0 33000 250000 250000 4914000 0 0 4914000 <div style="margin: 0in; text-align: justify;">The following table sets forth a summary of the changes in the investment in marketable securities and restricted investments during the three and six months ended March 31, 2026 and 2025:</div><div style="text-align: justify;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">Three Months Ended<br/>March 31,</span> </td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td colspan="5" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> <span style="font-weight: bold;">Six Months Ended<br/>March 30,</span> </td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Balance, beginning of period </td> <td style="width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="width: 1%; text-align: left; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">392</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">2,163</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">4,914</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">$</td> <td style="text-align: right; width: 9%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor;">1,824</td><td style="text-align: left; width: 1%; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Acquisition of controlling financial interest of Rubicon </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">(4,631</td><td style="text-align: left; width: 1%;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">  - </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> Unrealized gain (loss)</td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">(13</td><td style="text-align: left; width: 1%;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">570</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">35</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;"> </td> <td style="text-align: right; width: 9%;">873</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> Purchase of securities (net of sales) </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">134</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">27</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">195</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="width: 1%; border-bottom: 4px double transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">63</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Balance, end of period</span> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">513</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,760</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">513</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 3px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,760</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table> 392000 2163000 4914000 1824000 0 0 -4631000 0 -13000 570000 35000 873000 134000 27000 195000 63000 513000 2760000 513000 2760000 1108000 20 0.466 7000000 0.865 426000 4.75 0.91 <div style="text-align: justify;"> The following table sets forth a summary of the changes in the fair value of the Company’s investment in Rubicon, which was measured at fair value on a recurring basis prior to October 14, 2025, utilizing Level 1 assumptions in its valuation: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td style="width: 52%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td colspan="6" style="text-align: center;"> <span style="font-weight: bold;">Three Months Ended<br/>March 31,</span> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td colspan="6" style="text-align: center;"> <span style="font-weight: bold;">Six Months Ended<br/>March 31,</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify; border-width: medium; border-style: none; border-color: currentcolor;"> Balance, beginning of period </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left;">$</td> <td style="text-align: right; width: 9%;">-</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%;">$</td> <td style="text-align: right; width: 9%;">1,828</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%;">$</td> <td style="text-align: right; width: 9%;">4,631</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%;"> </td><td style="text-align: left; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%;">$</td> <td style="text-align: right; width: 9%;">1,518</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> Fair value adjustment to Rubicon investment </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">  - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">587</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(4,631</td><td style="text-align: left; width: 1%;">) </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td> <td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">897</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: justify;"> <span style="font-weight: bold;">Balance, end of period</span> </td> <td style="width: 1%; border-bottom: 2px solid transparent;"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;">$</td> <td style="text-align: right; width: 9%; border-bottom: 2px solid black;">  - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 2px solid black;">2,415</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="text-align: left; font-weight: bold; vertical-align: top; height: 1pt; border-spacing: 0px; border-collapse: collapse; width: 1%; border-bottom: 2px solid black;">$</td> <td style="text-align: right; font-weight: bold; width: 9%; border-bottom: 2px solid black;">2,415</td><td style="text-align: left; font-weight: bold; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 0 1828000 4631000 1518000 0 587000 -4631000 897000 0 2415000 0 2415000 0 0 0 0 64000 0 30000 94000 0 0 2706000 2706000 64000 0 2736000 2800000 1143000 0 1504000 2647000 0 0 4161000 4161000 1143000 0 5665000 6808000 39000 55000 2592000 55000 <div style="margin: 0in; text-align: justify;">The following table sets forth a summary of the changes in the fair value of the Company’s contingent earnout liabilities for the three and six months ended March 31, 2026 and 2025, which are measured at fair value on a recurring basis utilizing Level 1 and Level 3 assumptions in their valuation:</div><div style="margin: 0in;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td colspan="8" style="text-align: center;"> <span style="font-weight: bold;">Three Months Ended<br/>March 31,</span> </td> <td colspan="8" style="text-align: center;"> <span style="font-weight: bold;">Six Months Ended<br/>March 31,</span> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2026</span> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <span style="font-weight: bold;">2025</span> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: left;">Balance, beginning of period</td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">1,422</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,380</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,647</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">2,350</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="white-space: nowrap; text-align: left;"> Fair value of contingent consideration recorded in connection with business combinations</td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">30</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">60</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Earnout payment </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,328</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,078</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,553</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,078</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">) </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div> Balance, end of period </div> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">94</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,332</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">94</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="text-align: right; font-weight: bold; width: 1%;"> </td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; font-weight: bold; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,332</td><td style="text-align: left; font-weight: bold; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table> 1422000 2380000 2647000 2350000 0 30000 0 60000 -1328000 -1078000 -2553000 -1078000 94000 1332000 94000 1332000 <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">13.</span> </div> <div> <span style="font-weight: bold;">LEASES</span> </div> </div><div style="text-align: justify;"> </div><div style="margin: 0in; text-align: justify;">The Company determines if an arrangement is a lease at inception. Assets and obligations related to operating leases are included in operating lease right-of-use (“ROU”) assets; current portion of operating lease liability; and operating lease liability, net of current portion in the consolidated balance sheets. Assets and obligations related to finance leases are included in property and equipment, net; current portion of finance lease liability; and finance lease liability, net of current portion in the condensed consolidated balance sheets.</div><div style="text-align: justify;"> </div><div style="margin: 0in; text-align: justify;">ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the incremental borrowing rate based on the information available at commencement date is used in determining the present value of lease payments. The Company uses the implicit rate when readily determinable. The lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.</div><div style="text-align: justify;">  </div><div style="text-align: justify;"> The Company’s agreements with lease and non-lease components are all accounted for as a single lease component. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> For leases with an initial term of twelve months or less, the Company elected the exemption from recording right of use assets and lease liabilities for all leases that qualify and records rent expense on a straight-line basis over the lease term. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> The Company has operating leases for office and warehouse space in all districts where it conducts business. As of March 31, 2026, the remaining terms of the Company’s operating leases were between one month and 95 months and certain lease agreements contain provisions for future rent increases. Payments due under the lease contracts include the minimum lease payments that the Company is obligated to make under the non-cancelable initial terms of the leases as the renewal terms are at the Company’s option and the Company is not reasonably certain to exercise those renewal options at lease commencement. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> The components of lease expense for the three- and six-month periods ended March 31, 2026 and 2025 are as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-right : 1px solid transparent; border-top-color : transparent; border-bottom-color : transparent; border-left-color : transparent; "> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom;"> </td> <td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">Three Months Ended</span>   <br/> <span style="font-weight: bold;">March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended<br/>March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-right : 1px solid transparent; "> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;">  </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2025</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="border-right : 1px solid transparent; "> <div> Operating lease cost </div> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">641</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">646</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,294</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,301</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-right : 1px solid transparent; "> <div> Short-term lease cost </div> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">69</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">97</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">141</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">149</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="border-right : 1px solid transparent; "> <div><b> Total lease cost </b></div> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">710</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">743</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">1,435</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">1,450</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify;">  </div><div style="text-align: justify;"> Operating lease right of use assets, current portion of operating lease liabilities and long-term portion of operating lease liabilities reported in the condensed consolidated balance sheets for operating leases as of March 31, 2026 were $6,582, $2,054 and $5,173, respectively. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> Operating lease right of use assets, current portion of operating lease liabilities and long-term portion of operating lease liabilities reported in the condensed consolidated balance sheets for operating leases as of September 30, 2025 were $7,760, $2,114 and $6,310, respectively. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> During the six months ended March 31, 2026, the Company did not modify or enter into any new operating leases. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> As of March 31, 2026 and September 30, 2025, the weighted-average remaining lease term and the weighted-average discount rate related to the Company’s operating leases were 4.2 years and 7.20% and 4.5 years and 6.13%, respectively. </div><div style="text-align: justify;">  </div><div style="text-align: justify;"> For the three and six months ended March 31, 2026 and 2025, cash paid for amounts included in the measurement of operating lease obligations was $655 and $665, and $1,313 and $1,021, respectively. </div><div>  </div><div style="text-align: justify;"> Future minimum lease payments under non-cancelable operating leases as of March 31, 2026 are as follows for each of the fiscal years ending September 30 of : </div><div style="text-align: justify;">  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Fiscal year 2026 (remaining) </div> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,215</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Fiscal year 2027 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,395</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Fiscal year 2028 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,307</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Fiscal year 2029 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">932</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Fiscal year 2030 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">488</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Thereafter </div> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">867</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Total undiscounted lease payments</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%;">8,204</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Imputed interest </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(977</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Total lease liabilities</span> </div> </td> <td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-bottom: 4px double transparent;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">7,227</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> P1M P95M <div style="text-align: justify;"> The components of lease expense for the three- and six-month periods ended March 31, 2026 and 2025 are as follows: </div><div style="text-align: justify;">  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td> </td> <td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td> <td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-right : 1px solid transparent; border-top-color : transparent; border-bottom-color : transparent; border-left-color : transparent; "> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom;"> </td> <td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">Three Months Ended</span>   <br/> <span style="font-weight: bold;">March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;">Six Months Ended<br/>March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-right : 1px solid transparent; "> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;">  </td><td colspan="2" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%; font-weight: bold;">2025</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="border-right : 1px solid transparent; "> <div> Operating lease cost </div> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">641</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">646</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,294</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,301</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="border-right : 1px solid transparent; "> <div> Short-term lease cost </div> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">69</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">97</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">141</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">149</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="border-right : 1px solid transparent; "> <div><b> Total lease cost </b></div> </td> <td style="border-left: 1pt dotted black; vertical-align: bottom; font-size: 0px;"> </td> <td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">710</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">743</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">1,435</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">1,450</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 641000 646000 1294000 1301000 69000 97000 141000 149000 710000 743000 1435000 1450000 6582000 2054000 5173000 7760000 2114000 6310000 P4Y2M12D 0.072 P4Y6M 0.0613 655000 665000 1313000 1021000 <div style="text-align: justify;"> Future minimum lease payments under non-cancelable operating leases as of March 31, 2026 are as follows for each of the fiscal years ending September 30 of : </div><div style="text-align: justify;">  </div><table cellpadding="0" style="margin: auto; border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Fiscal year 2026 (remaining) </div> </td> <td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%;"> </td><td style="vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; text-align: right; width: 9%;">1,215</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Fiscal year 2027 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,395</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Fiscal year 2028 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">2,307</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Fiscal year 2029 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">932</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Fiscal year 2030 </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%;">488</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Thereafter </div> </td> <td style="vertical-align: bottom; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">867</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Total undiscounted lease payments</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%;">8,204</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> <div> Imputed interest </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid transparent;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(977</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;">) </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> <span style="font-weight: bold;">Total lease liabilities</span> </div> </td> <td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; border-bottom: 4px double transparent;"> </td><td style="font-weight: bold; vertical-align: top; border-spacing: 0px; border-collapse: collapse; margin: auto; width: 1%; text-align: left; border-bottom: 4px double black;">$</td> <td style="vertical-align: bottom; text-align: right; font-weight: bold; width: 9%; border-bottom: 4px double black;">7,227</td><td style="vertical-align: bottom; text-align: left; font-weight: bold; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 1215000 2395000 2307000 932000 488000 867000 8204000 977000 7227000 <div style="text-indent: -27pt; text-align: justify; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">14.</span> </div> <div> <span style="font-weight: bold;">SUBSEQUENT EVENTS</span> </div> </div><div>  </div><div> On April 7, 2026, the Company and its subsidiaries entered into the First Amendment to the Credit Agreement dated as of December 29, 2025 which allowed for the acquisition of the antibody product line from BioPorto A/S described below. The First Amendment also updated certain definitions. </div><div>  </div><div style="margin: 0in;">On April 8, 2026, the Company acquired an antibody product line from BioPorto A/S for $9,000 in cash funded from the RCF and $1,500 in potential future earnouts. Acquired inventory and future sales will be included in the Company’s Life Sciences segment. </div><div> </div><div style="text-align: justify;"> On May 5, 2026, the Company’s board authorized the purchase of up to 50,000 additional shares in Rubicon in the public market or through privately negotiated transactions. The size and timing of any purchases will be based on a number of factors, including price and business and market conditions. </div> 9000000 1500000 50000 false false false false http://fasb.org/us-gaap/2025#RelatedPartyMember http://fasb.org/us-gaap/2025#RelatedPartyMember http://fasb.org/us-gaap/2025#RelatedPartyMember http://fasb.org/us-gaap/2025#RelatedPartyMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember 0001133062 false Q2 --09-30