0001022505 2025-10-01 2026-03-31 0001022505 2026-05-12 0001022505 2026-03-31 0001022505 2025-09-30 0001022505 2026-01-01 2026-03-31 0001022505 2025-01-01 2025-03-31 0001022505 2024-10-01 2025-03-31 0001022505 us-gaap:CommonStockMember 2025-09-30 0001022505 us-gaap:AdditionalPaidInCapitalMember 2025-09-30 0001022505 us-gaap:RetainedEarningsMember 2025-09-30 0001022505 us-gaap:CommonStockMember 2025-12-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001022505 us-gaap:RetainedEarningsMember 2025-12-31 0001022505 2025-12-31 0001022505 us-gaap:CommonStockMember 2024-09-30 0001022505 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0001022505 us-gaap:RetainedEarningsMember 2024-09-30 0001022505 2024-09-30 0001022505 us-gaap:CommonStockMember 2024-12-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001022505 us-gaap:RetainedEarningsMember 2024-12-31 0001022505 2024-12-31 0001022505 us-gaap:CommonStockMember 2025-10-01 2025-12-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2025-10-01 2025-12-31 0001022505 us-gaap:RetainedEarningsMember 2025-10-01 2025-12-31 0001022505 2025-10-01 2025-12-31 0001022505 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001022505 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0001022505 us-gaap:CommonStockMember 2024-10-01 2024-12-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2024-10-01 2024-12-31 0001022505 us-gaap:RetainedEarningsMember 2024-10-01 2024-12-31 0001022505 2024-10-01 2024-12-31 0001022505 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001022505 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001022505 us-gaap:CommonStockMember 2026-03-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001022505 us-gaap:RetainedEarningsMember 2026-03-31 0001022505 us-gaap:CommonStockMember 2025-03-31 0001022505 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001022505 us-gaap:RetainedEarningsMember 2025-03-31 0001022505 2025-03-31 0001022505 2025-02-12 2025-02-12 0001022505 2025-08-21 2025-08-21 0001022505 2026-01-22 2026-01-22 0001022505 us-gaap:CommonStockMember 2026-01-23 2026-01-23 0001022505 SDCH:StockholdersMember us-gaap:CommonStockMember 2026-01-23 2026-01-23 0001022505 SDCH:CEDEAndCoMember us-gaap:CommonStockMember 2026-01-23 2026-01-23 0001022505 SDCH:VirtualChiefInformationSecurityOfficerServicesMember 2025-10-01 2026-03-31 0001022505 SDCH:VirtualChiefInformationSecurityOfficerServicesMember 2024-10-01 2025-03-31 0001022505 SDCH:CybersecuritySoftwareAndServicesMember 2025-10-01 2026-03-31 0001022505 SDCH:CybersecuritySoftwareAndServicesMember 2024-10-01 2025-03-31 0001022505 us-gaap:BankTimeDepositsMember 2026-03-31 0001022505 us-gaap:BankTimeDepositsMember 2025-09-30 0001022505 2021-12-10 0001022505 2021-12-10 2021-12-10 0001022505 srt:ScenarioForecastMember 2026-01-01 2026-12-31 0001022505 srt:ScenarioForecastMember 2026-12-31 0001022505 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel1Member 2026-03-31 0001022505 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member 2026-03-31 0001022505 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel3Member 2026-03-31 0001022505 us-gaap:FairValueInputsLevel1Member 2026-03-31 0001022505 us-gaap:FairValueInputsLevel2Member 2026-03-31 0001022505 us-gaap:FairValueInputsLevel3Member 2026-03-31 0001022505 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel1Member 2025-09-30 0001022505 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member 2025-09-30 0001022505 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel3Member 2025-09-30 0001022505 us-gaap:FairValueInputsLevel1Member 2025-09-30 0001022505 us-gaap:FairValueInputsLevel2Member 2025-09-30 0001022505 us-gaap:FairValueInputsLevel3Member 2025-09-30 0001022505 us-gaap:RestrictedStockUnitsRSUMember 2025-10-01 2026-03-31 0001022505 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonStockMember 2025-10-01 2026-03-31 0001022505 us-gaap:RestrictedStockUnitsRSUMember 2024-10-01 2025-03-31 0001022505 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonStockMember 2024-10-01 2025-03-31 0001022505 us-gaap:WarrantMember SDCH:TwoThousandTwentyOnePrivatePlacementWarrantsMember 2026-03-31 2026-03-31 0001022505 us-gaap:WarrantMember SDCH:TwoThousandTwentyOnePrivatePlacementWarrantsMember 2026-04-17 2026-04-17 0001022505 us-gaap:WarrantMember us-gaap:SubsequentEventMember SDCH:TwoThousandTwentyOnePrivatePlacementWarrantsMember 2026-04-17 2026-04-17 0001022505 us-gaap:WarrantMember us-gaap:SubsequentEventMember 2026-04-17 2026-04-17 0001022505 SDCH:TwoThousandEighteenPlacementAgentMember 2026-03-31 0001022505 SDCH:TwoThousandTwentyOnePrivatePlacementMember 2026-03-31 0001022505 SDCH:TwoThousandTwentyOnePlacementAgentMember 2026-03-31 0001022505 SDCH:TwoThousandTwentyThreeWarrantExchangeMember 2026-03-31 0001022505 us-gaap:WarrantMember 2025-09-30 0001022505 us-gaap:WarrantMember 2024-10-01 2025-09-30 0001022505 us-gaap:WarrantMember 2025-10-01 2026-03-31 0001022505 us-gaap:WarrantMember 2026-03-31 0001022505 SDCH:OneClientMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2026-01-01 2026-03-31 0001022505 SDCH:NoClientMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2025-10-01 2026-03-31 0001022505 SDCH:NoClientMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-10-01 2026-03-31 0001022505 SDCH:RealCISOMember 2025-10-01 2026-03-31 0001022505 SDCH:RealCISOMember 2024-10-01 2025-09-30 0001022505 SDCH:RealCISOMember 2023-10-01 2024-09-30 0001022505 SDCH:AssociationOfTheUSArmyMember 2023-10-01 2023-10-13 0001022505 SDCH:AssociationOfTheUSArmyMember 2023-10-01 2024-09-30 0001022505 SDCH:AssociationOfTheUSArmyMember 2024-10-01 2025-09-30 0001022505 SDCH:AssociationOfTheUSArmyMember 2025-03-01 2025-03-31 0001022505 SDCH:OfficersAndEmployeesMember us-gaap:RestrictedStockUnitsRSUMember 2026-03-16 2026-03-16 0001022505 SDCH:NewEmployeesMember us-gaap:RestrictedStockUnitsRSUMember 2025-01-01 2025-12-31 0001022505 SDCH:NewEmployeesMember us-gaap:RestrictedStockUnitsRSUMember 2025-10-01 2026-03-31 0001022505 SDCH:GeneralAndAdministrativeExpensesMember 2025-10-01 2026-03-31 0001022505 SDCH:SellingAndMarketingExpensesMember 2025-10-01 2026-03-31 0001022505 SDCH:ResearchAndDevelopmentExpensesMember 2025-10-01 2026-03-31 0001022505 us-gaap:RestrictedStockUnitsRSUMember 2025-09-30 0001022505 us-gaap:RestrictedStockUnitsRSUMember 2026-03-31 0001022505 us-gaap:SubsequentEventMember SDCH:TwoThousandTwentyOnePrivatePlacementWarrantsMember 2026-04-17 0001022505 us-gaap:SubsequentEventMember 2026-04-17 iso4217:USD shares iso4217:USD shares pure utr:sqft false --09-30 Q2 0001022505

10-Q true 2026-03-31 2026 false 000-28745 SideChannel, Inc. DE 86-0837077 146 Main Street Suite 405 Worcester MA 01608 (508) 925-0114 Yes Yes Non-accelerated Filer true false false 4572757

311000

1065000

100000

548000

553000

396000

374000

1255000

2092000

9000

17000

1356000

2620000

3465000

331000

515000

864000

801000

11000

6000

1206000

1322000

1206000

1322000

0.001

681000000

4572757

4446713

5000

4000

22984000

22874000

-21575000

-20735000

1414000

2143000

2620000

3465000

1576000

1894000

3350000

3802000

733000

953000

1598000

1987000

843000

941000

1752000

1815000

724000

655000

1400000

1315000

388000

227000

846000

494000

179000

120000

354000

273000

1291000

1002000

2600000

2082000

-448000

-61000

-848000

-267000

6000

9000

13000

22000

-442000

-52000

-835000

-245000

2000

5000

4000

-444000

-54000

-840000

-249000

-0.10

-0.01

-0.19

-0.06

4497378

4382878

4471765

4364524

4446713

4000

22874000

-20735000

2143000

100000

-396000

4446713

4000

22974000

-21131000

1847000

20494

105550

1000

10000

11000

-444000

4572757

5000

22984000

-21575000

1414000

4345680

4000

22543000

-19843000

2704000

6854

-1000

112000

-195000

4352534

4000

22654000

-20038000

2620000

4352534

4000

22654000

-20038000

2620000

94179

43000

-54000

4446713

4000

22697000

-20092000

2609000

4446713

4000

22697000

-20092000

2609000

-840000

-249000

8000

98000

1000

111000

155000

-5000

76000

22000

86000

-184000

-128000

63000

337000

5000

-1000

-854000

49000

100000

150000

100000

150000

-754000

199000

1065000

1045000

311000

1244000

80000 63000

NOTE 1 – DESCRIPTION OF BUSINESS Our mission is to make cybersecurity simple and accessible for emerging to enterprise companies, a market that we believe is currently underserved. We believe that our cybersecurity product and service offerings provide cybersecurity and privacy risk management solutions for our customers. We anticipate that our target customers will continue to need cost-effective security solutions. We continue to expand our catalogue of services and solutions to address the cybersecurity needs of our customers, including virtual Chief Information Security Officer (“vCISO”), cyber program strategy, zero trust, third-party risk management, compliance readiness, cloud security services, privacy, threat intelligence, managed end-point security solutions, and cybersecurity awareness. We are marketing and selling Enclave, a proprietary software product that simplifies important cybersecurity tasks to achieve “microsegmentation.” By combining zero trust network access with asset intelligence, certificate management, and machine identity, Enclave seamlessly creates a unified security architecture that eliminates traditional network vulnerabilities. This integration enables IT teams to enforce precise access policies based on verified machine identities. Certificate-based identities allow a simplified management for any certificate-based communication, while the zero trust framework continuously validates every connection attempt. This powerful combination delivers robust security without the typical management overhead, allowing organizations to implement sophisticated microsegmentation strategies with remarkable simplicity and minimal resource requirements. Our headquarters are located at 146 Main Street, Suite 405, Worcester, MA 01608. Our website is www.sidechannel.com.

NOTE 2 – REVERSE STOCK SPLIT On February 12, 2025, at the annual meeting of stockholders, the stockholders of the Company approved and adopted an amendment to the Company’s certificate of incorporation, as amended (the “Certificate of Incorporation”), to effectuate a reverse stock split of the Company’s outstanding shares of common stock, at a ratio of no less than 1-for-2 and no more than 1-for-200, with such ratio to be determined by the Company’s board of directors (the “Board”) in its sole discretion. On August 21, 2025, the Board approved a reverse stock split at a ratio of 1-for-52 (the “Reverse Split”). On January 12, 2026, the Company filed a certificate of amendment to its Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware to effectuate the Reverse Split. The Certificate of Amendment was effective for state law purposes at 4:00 p.m. ET on January 22, 2026, after the close of trading on the OTCQB, such that the Company’s common stock began trading on a post-Reverse Split basis at market open on January 23, 2026. On January 16, 2026, the Company filed a certificate of correction to the Certificate of Amendment (the “Certificate of Correction”) to correct a scrivener’s error in the Certificate of Amendment. The Certificate of Amendment indicated that any fractional shares resulting from the Reverse Split would be rounded “to the nearest whole share” of common stock, rather than providing that any fractional shares would be rounded “up to the nearest whole share” of common stock, as the Company intended. Accordingly, at 4:00 p.m. ET on January 22, 2026, after the close of trading on the OTCQB, each 52 shares of issued and outstanding common stock (collectively, the “Pre-Split Common Stock”) were automatically, and without any action on the part of the holder thereof, reclassified such that each 52 shares of Pre-Split Common Stock became one share of common stock, with any resulting fractional shares common stock being rounded up to the nearest whole share of common stock. The Company’s common stock began trading on a post-Reverse Split basis at market open on January 23, 2026. The Reverse Split had no effect on our authorized number of shares of common stock, par value of common stock, total assets, total liabilities or stockholders’ equity. We restated our common shares outstanding (shares and amount) and the value of our additional paid-in capital (“APIC”) to reflect the number of shares outstanding after the Reverse Split. On January 23, 2026, in connection with the rounding up of fractional shares resulting from the Reverse Split, the Company issued an aggregate of <span id="xdx_90C_ecustom--StockIssuedDuringPeriodSharesRoundingUpOfFractionalShares_pid_c20260123__20260123__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zzogvDYexKk" title="Reverse split of common stock shares issued">20,494 shares of common stock. Of this amount, <span id="xdx_90E_ecustom--StockIssuedDuringPeriodSharesRoundingUpOfFractionalShares_pid_c20260123__20260123__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--StockholdersMember_zhI15XpJ8CM5" title="Reverse split of common stock shares issued">397 shares of common stock were issued to stockholders of record and <span id="xdx_909_ecustom--StockIssuedDuringPeriodSharesRoundingUpOfFractionalShares_pid_c20260123__20260123__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CEDEAndCoMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zW5YsCf4y3G5" title="Reverse split of common stock shares issued">20,097 shares of common stock were issued to CEDE & Co.

at the annual meeting of stockholders, the stockholders of the Company approved and adopted an amendment to the Company’s certificate of incorporation, as amended (the “Certificate of Incorporation”), to effectuate a reverse stock split of the Company’s outstanding shares of common stock, at a ratio of no less than 1-for-2 and no more than 1-for-200, with such ratio to be determined by the Company’s board of directors (the “Board”) in its sole discretion.

the Board approved a reverse stock split at a ratio of 1-for-52 (the “Reverse Split”).

each 52 shares of issued and outstanding common stock (collectively, the “Pre-Split Common Stock”) were automatically, and without any action on the part of the holder thereof, reclassified such that each 52 shares of Pre-Split Common Stock became one share of common stock, with any resulting fractional shares common stock being rounded up to the nearest whole share of common stock. The Company’s common stock began trading on a post-Reverse Split basis at market open on January 23, 2026.

20494 397 20097

NOTE 3 – GOING CONCERN ASSESSMENT Going Concern Uncertainty Management has evaluated the Company’s ability to continue as a going concern within one year after the date that these financial statements are issued, in accordance with ASC 205-40, Presentation of Financial Statements – Going Concern. As of March 31, 2026, the Company has incurred recurring operating losses and experienced negative cash flows from operations and has limited cash and other sources of liquidity. These conditions, together with the Company’s forecasted cash requirements for operations and other obligations coming due within the next twelve months, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these financial statements are issued. The Company’s current business plan assumes continued investment in its product offerings and related support activities. Based on its current cash balance, projected cash used in operations, and other obligations coming due during the twelve months following the issuance of these financial statements, management does not believe that the Company will have sufficient liquidity to fund operations and meet its obligations as they become due during that period without obtaining additional capital or implementing significant changes to its operations. In particular, management has determined that, for the Company to continue to operate for at least twelve months after the date these financial statements are issued, it would be necessary either (i) to secure additional equity or debt financing on acceptable terms or (ii) to eliminate a significant portion of the Company’s product offering and related cost structure. Management is actively exploring alternatives to address these conditions, including pursuing additional sources of capital and evaluating potential changes to the Company’s product portfolio and related operating cost structure. However, as of the date these financial statements are issued, the Company has not secured additional financing, has not completed any significant reduction in its product offering, and there can be no assurance that such actions will be successfully executed or will be sufficient to enable the Company to continue as a going concern. Accordingly, substantial doubt about the Company’s ability to continue as a going concern is not alleviated. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments to the carrying amounts and classification of assets and liabilities or any other adjustments that might result if the Company is unable to continue as a going concern.

NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated financial statements include our accounts and those of our wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated upon consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain of our accounts, including goodwill, identifiable intangibles, and deferred tax assets and liabilities, including related valuation allowances, are based upon estimates. References to fiscal year 2026 and fiscal year 2025 used throughout this report shall mean the current fiscal year ending September 30, 2026, and the prior fiscal year ended September 30, 2025, respectively. Reclassifications Certain prior year amounts have been reclassified to be comparable with the current year’s presentation or adjusted due to rounding and have had no impact on net income or stockholders’ equity. Segment Information The Company operates as a single reportable segment focused on cybersecurity solutions, which consists of two primary revenue-generating categories: (1) vCISO Services, and (2) Cybersecurity Software and Services. <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">vCISO Services: This category captures the revenue from the Chief Information Security Officer services that we provide to our clients on a “virtual” or outsourced basis. Embedded into the C-suite executive teams of our clients, our vCISOs deliver services including assessing the cybersecurity risk profile, implementing policies and programs to mitigate risks, and managing the day-to-day tasks to ensure compliance with the adopted cybersecurity framework. Most of our clients use our vCISO Services. Engagements typically include a fixed monthly subscription fee and exceed 12 months because of renewal options of 1, 3, 6, or 12 months.</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Cybersecurity Software and Services: This category encompasses an array of cybersecurity software and services that our clients deem necessary to protect their digital assets, including Enclave. These augment our vCISO offering and include a full range of other cybersecurity products and services delivered through a team of security engineers along with a network of third-party service providers and value-added resellers (“VARs”). Commercial relationships with third-party service providers and VARs provide SideChannel with additional internal capabilities to mitigate cybersecurity risks. We earn licensing revenue from software contracts and commissions from third-party service provider partnerships which are included in this revenue category.</td></tr> </table> Our Chief Executive Officer is our chief operating decision maker (“CODM”). Revenue is the primary segment performance measure reviewed by the CODM for operational and capital allocation decisions. The following table presents revenue reviewed by the CODM for the six months ended March 31, 2026 and 2025: SCHEDULE OF DISAGGREGATED REVENUE <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; display: none; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251001__20260331_z2wea5Z9Uijb" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20241001__20250331_z0c9L0doLYcd" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="6" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Six Months Ended</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"></td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">March 31,</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_hsrt--ProductOrServiceAxis__custom--VirtualChiefInformationSecurityOfficerServicesMember_zWUAfQ9jnZW7" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%; text-align: left">vCISO Services</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">1,621</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">2,265</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_hsrt--ProductOrServiceAxis__custom--CybersecuritySoftwareAndServicesMember_zoEk5gHP5qL" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Cybersecurity Software and Services</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">1,729</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">1,537</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_zQ1pwwjYs63j" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; padding-bottom: 1pt">Total</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">3,350</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">3,802</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table> Cash, Cash Equivalents, and Short-Term Investments Cash includes funds deposited in banks. We consider all highly liquid investments with an original maturity of 90 days or less to be cash equivalents. Highly liquid investments with original maturities of 91 days or more that will mature less than one year from the balance sheet date are classified as short-term investments. Securities with maturities of more than 360 days, if any, are included in “long-term investments.” Our cash equivalents and short-term investments are placed primarily in money market funds and time deposits and are classified as held-to-maturity based on our positive intent and ability to hold the securities to maturity. We value cash equivalents at their original purchase prices plus interest that has accrued at the stated rate. We value short-term investments at their original purchase prices. Interest earned on short-term investments is accrued in interest receivable which is included on our balance sheet in “Accounts receivable, net.” Interest income related to cash equivalents and short-term investments is reported in “Other income, net” on the Consolidated Statement of Operations. Accounts Receivable Trade accounts receivable are recorded at the invoiced amounts and do not bear interest. We grant credit to customers and generally require no collateral. To minimize our risk, we perform ongoing credit evaluations of our customers’ financial condition. Effective January 1, 2023, we implemented the guidance in ASC Topic 326 (Financial Instruments – Credit Losses) in developing our estimate of the allowance for credit losses related to our accounts receivable. The allowance for credit losses is our best estimate of the amount of expected credit losses in our existing accounts receivable. In establishing the amount of allowance for credit losses, we consider all information available as of the reporting date including information related to past events, such as historical loss rates and actual incurred losses, as well as current conditions that may indicate future risk of loss and any other factors of which we are aware, that we believe could impact the ultimate collectability of the related receivables in future periods. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. We do not have any significant off-balance sheet credit exposure related to our customers. Cash flows from accounts receivable are recorded in operating cash flows. There was no bad debt expense recorded for the six months ended March 31, 2026 and 2025. Fair Value of Financial Instruments Our financial instruments consisted primarily of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and accrued expenses. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. Fair value is focused on an exit price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Within the measurement of fair value, the use of market-based information is prioritized over entity specific information and a three-level hierarchy for fair value measurements is used based on the nature of inputs used in the valuation of an asset or liability as of the measurement date. The three-level hierarchy for fair value measurements is defined as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in; text-align: justify">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; and</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.</td></tr> </table> For more information about the Company’s accounting policies surrounding fair value investments, see Note 7. <p id="xdx_848_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock_z2aAmqEKSI5j" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Goodwill, Intangible, and Long-Lived Assets We account for goodwill and intangible assets in accordance with ASC Topic 350 (Intangibles – Goodwill and Other) and ASC Topic 360 (Property, Plant and Equipment). Finite-lived intangible assets are amortized over their estimated useful economic life and are carried at cost less accumulated amortization. Goodwill is assessed for impairment annually at the beginning of the fourth quarter on a reporting unit basis, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. Goodwill is considered to be impaired if the fair value of a reporting unit is less than its carrying amount. If the fair value of a reporting unit exceeds its carrying amount, the goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Long-lived assets, which consist of finite-lived intangible assets and property and equipment, are assessed for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the estimated undiscounted cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value. The cash flow estimates used to determine the impairment, if any, contain management’s best estimates using appropriate assumptions and projections at that time. There have been no significant events or changes in circumstances during the six months ended March 31, 2026, that would indicate that the carrying amount of the Company’s intangible asset, goodwill, may be impaired as of March 31, 2026. Revenue Recognition We recognize revenue in accordance with the guidance in ASC Topic 606 (Revenue from Contracts with Customers). Nature of Products and Services We identify, develop, and deploy cybersecurity and privacy risk management solutions for our clients in North America. We categorize our products and services as either vCISO Services or Cybersecurity Software and Services. The revenue earned from Enclave, our proprietary software product, as well as the revenue from reselling third-party software and services, is included in Cybersecurity Software and Services. Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the client and is the unit of accounting in Topic 606. A significant portion of our revenue is from clients with whom we have a Master Service Agreement (“MSA”). Each MSA generally contains one or more Statement(s) of Work (“SOW”). Each SOW specifies the products and services and their respective transaction prices. We refer to an MSA and its SOW(s) as a “Contract”. Our Contracts generally contain monthly service subscriptions, annual software licenses, time and material based billing, or fixed fee projects. A Contract’s transaction price is allocated to each distinct performance obligation. For Contracts with multiple performance obligations, we allocate the Contract’s transaction price to each performance obligation based on the relative standalone selling price. Revenue is recognized over a period of time for monthly service subscriptions and software licenses. Revenue is recognized at a point in time when, or as, the performance obligation is satisfied for fixed fee projects and time and material based billing. The completed work products we create for our clients do not have alternative uses to SideChannel and our Contracts created a right to payment for work completed. Generally, each of the fixed fee project performance obligations we deliver is accompanied by an upfront payment. Our determination for point in time revenue recognition is based upon client acceptance of the performance obligation. We do not have any material variable consideration arrangements, client-specific acceptance criteria, or any material payment terms with our clients other than standard payment terms which generally range from net 15 to net 30 days. Principal versus Agent We resell software and services provided by third parties. When we have discretion over the pricing used in the Contracts with our clients then we deem ourselves to be the principal for purposes of revenue recognition and record revenue on a gross basis using the price specified in the Contract. This is the case for almost all the third-party software and services we sell. Also consistent in our determinations to recognize revenue as the principal is our ability to direct the third party to provide the service to the client on our behalf. Occasionally, we receive a commission from the sale of third-party software and services, in which case we are an agent and record revenue on a net basis equal to the amount of the commission earned. Contract Balances We record accounts receivable at the time of invoicing. To the extent that we do not recognize revenue at the same time as we invoice, we record a liability for deferred revenue. In certain instances, we also receive customer deposits in advance of invoicing and recording of accounts receivable. Deferred revenue and customer deposits are included in current liabilities on our consolidated balance sheets. In these instances, the recognition of revenue is deferred until we have determined that we have satisfied our performance obligations under the Contract. Costs to Obtain a Contract with a Customer The costs we incur associated with obtaining contracts with customers are marketing costs incurred with third-party service providers and sales commissions that we pay to our employees, contractors, or third-party sales representatives. Commissions are calculated based on set percentages of the revenue value of each product or service sold. Commissions are considered earned by our internal sales personnel at the time we recognize revenue for a particular transaction. Commissions are considered earned by third-party sales representatives at the time that revenue is recognized for a particular transaction. We record commission expense in our consolidated statements of operations at the time the commission is earned. Commissions earned but not yet paid are included in current liabilities on our balance sheets. Leases We account for leases in accordance with ASC Topic 842 (Leases). We determine if an arrangement is a lease at inception. A lease contract is within scope if the contract has an identified asset (property, plant, or equipment) and grants the lessee the right to control the use of the asset during the lease term. The identified asset may be either explicitly or implicitly specified in the contract. In addition, the supplier must not have any practical ability to substitute a different asset and would not economically benefit from doing so for the lease contract to be in scope. The lessee’s right to control the use of the asset during the term of the lease must include the ability to obtain substantially all the economic benefits from the use of the asset as well as decision-making authority over how the asset will be used. Leases are classified as either operating leases or finance leases based on the guidance in ASC Topic 842. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in our consolidated balance sheets. Finance leases are included in property and equipment and financing lease liabilities. We do not currently have any financing leases. Operating lease payments are included in cash outflows from operating activities on our consolidated statements of cash flows. We have made an accounting policy election not to apply the recognition requirements of ASC Topic 842 to short-term leases (leases with a term of one year or less at the commencement date of the lease). Our lease periods are less than one year in duration. Lease expense for short-term lease payments is recognized on a straight-line basis over the lease term. Following the guidance of ASC Topic 842, we are not required to record ROU assets and operating lease liabilities. See Note 6 for further disclosures regarding our leases. Research and Development and Software Development Expenses All research and development costs, including patent and software development costs, are expensed as incurred. Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718 (Compensation – Stock Compensation) which requires that employee share-based equity awards be accounted for under the fair value method and requires the use of an option pricing model for estimating fair value of awards, which is then amortized to expense over the service periods. The Company estimates the fair value of share-based payment awards on the date of grant using an option-pricing mode or the fair value of our stock on the grant date. The value of the portion of the award that is ultimately expected to vest is recognized as stock compensation expense over the requisite service period in the Company’s consolidated statements of income. See further disclosures related to our stock-based compensation plans in Note 13. Legal We are subject to legal proceedings, claims, and liabilities which arise in the ordinary course of business, and we accrue for losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Legal fees are charged to general and administrative expenses as they are incurred. Income Taxes We utilize the asset and liability method in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for operating loss and tax credit carryforwards and for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. 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 recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that the value of such assets will be realized. We use the two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement. We consider many factors when evaluating and estimating our tax positions and tax benefits, which may require periodic adjustments. We did not record any liabilities for uncertain tax positions during the six months ended March 31, 2026. Net Loss Per Common Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the reporting period. The weighted average number of shares is calculated by taking the number of shares outstanding and weighting them by the amount of time that they were outstanding. Diluted earnings per share reflects the potential dilution that could occur if warrants were exercised or equity awards vest resulting in the issuance of common stock that could share in our earnings. Diluted loss per share is the same as basic loss per share during periods where net losses are incurred since the inclusion of the potential common stock equivalents would be anti-dilutive because of the net loss. Warrants We evaluate warrants in accordance with ASC Topics 480 (Distinguishing Liabilities from Equity) and 815 (Derivatives and Hedging). The result of this accounting treatment is that the fair value of the embedded derivative, if required to be bifurcated, is marked-to-market at each balance sheet date and recorded as a liability. The change in fair value is recorded in the Statement of Operations as a component of other income or expense. Upon exercise of a warrant, it is marked to fair value at the exercise date and then that fair value is reclassified to equity. Recent Accounting Announcements FASB issues Accounting Standards Updates (“ASU”) to amend the authoritative literature in the ASC. There have been several ASUs to date that amend the original text of the ASCs. Other than those discussed below, we believe those ASUs issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us, or (iv) are not expected to have a significant impact on us. Accounting Pronouncements Adopted In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which provides guidance to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the guidance enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. The purpose of the guidance is to enable investors to better understand an entity’s overall performance and assess potential future cash flows. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. For us, annual reporting requirements were effective for our fiscal year 2025 beginning on October 1, 2024, and interim reporting requirements were effective beginning with our first quarter of fiscal year 2026. We manage our operations as a single operating segment for the purpose of assessing performance and making operating decisions. Our Chief Executive Officer is our chief operating decision maker. No changes have been made to the presentation of our financial statements because of this pronouncement. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which updates income tax disclosure requirements primarily by requiring specific categories and greater disaggregation within the rate reconciliation table and disaggregation of income taxes paid, net of refunds, by jurisdiction. All entities are required to apply the guidance prospectively, with the option to apply it retrospectively. The guidance is effective for fiscal years beginning after December 15, 2024, which for us is our fiscal year 2026 beginning on October 1, 2025. We did not adopt additional new accounting pronouncements during the six months ended March 31, 2026. Accounting Pronouncements Not Yet Adopted In November 2024, the FASB also issued ASU 2024-03, Disaggregation of Income Statement Expenses, which will require the disclosure of additional information about specific expense categories in the notes to the financial statements. The guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. For us, annual reporting requirements will be effective for our fiscal year 2028 beginning on October 1, 2027, and interim reporting requirements will be effective beginning with our first quarter of fiscal year 2029. Early adoption is permitted. We are currently evaluating the impact of this amended disclosure guidance. In March 2024, the Securities and Exchange Commission issued a rule which will require companies to make certain climate-related disclosures in periodic filings. The rule includes certain disclosures in the footnotes of the financial statements: ● capitalized costs, expenditures expensed, and losses incurred because of severe weather events and other natural conditions, such as hurricanes, tornadoes, flooding, drought, wildfires, extreme temperatures, and sea level rise; ● capitalized costs, expenditures expensed, and losses related to carbon offsets and renewable energy credits or certificates if they are used as a material component of a registrant’s plans to achieve its disclosed climate-related targets or goals; and ● whether estimates and assumptions used to produce the financial statements were materially impacted by risks and uncertainties associated with severe weather events and other natural conditions or any disclosed climate-related targets or transition plans. The climate-related footnote disclosures are effective for annual filings for the year ending September 30, 2026. The Company is currently evaluating the impact of the adoption of the rule. The Company does not believe that the above recently issued, but not yet effective, accounting standards, if and when adopted, will have a material effect on the accompanying unaudited condensed consolidated financial statements.

Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated financial statements include our accounts and those of our wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated upon consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain of our accounts, including goodwill, identifiable intangibles, and deferred tax assets and liabilities, including related valuation allowances, are based upon estimates. References to fiscal year 2026 and fiscal year 2025 used throughout this report shall mean the current fiscal year ending September 30, 2026, and the prior fiscal year ended September 30, 2025, respectively.

Reclassifications Certain prior year amounts have been reclassified to be comparable with the current year’s presentation or adjusted due to rounding and have had no impact on net income or stockholders’ equity.

Segment Information The Company operates as a single reportable segment focused on cybersecurity solutions, which consists of two primary revenue-generating categories: (1) vCISO Services, and (2) Cybersecurity Software and Services. <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">vCISO Services: This category captures the revenue from the Chief Information Security Officer services that we provide to our clients on a “virtual” or outsourced basis. Embedded into the C-suite executive teams of our clients, our vCISOs deliver services including assessing the cybersecurity risk profile, implementing policies and programs to mitigate risks, and managing the day-to-day tasks to ensure compliance with the adopted cybersecurity framework. Most of our clients use our vCISO Services. Engagements typically include a fixed monthly subscription fee and exceed 12 months because of renewal options of 1, 3, 6, or 12 months.</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Cybersecurity Software and Services: This category encompasses an array of cybersecurity software and services that our clients deem necessary to protect their digital assets, including Enclave. These augment our vCISO offering and include a full range of other cybersecurity products and services delivered through a team of security engineers along with a network of third-party service providers and value-added resellers (“VARs”). Commercial relationships with third-party service providers and VARs provide SideChannel with additional internal capabilities to mitigate cybersecurity risks. We earn licensing revenue from software contracts and commissions from third-party service provider partnerships which are included in this revenue category.</td></tr> </table> Our Chief Executive Officer is our chief operating decision maker (“CODM”). Revenue is the primary segment performance measure reviewed by the CODM for operational and capital allocation decisions. The following table presents revenue reviewed by the CODM for the six months ended March 31, 2026 and 2025: SCHEDULE OF DISAGGREGATED REVENUE <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; display: none; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251001__20260331_z2wea5Z9Uijb" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20241001__20250331_z0c9L0doLYcd" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="6" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Six Months Ended</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"></td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">March 31,</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_hsrt--ProductOrServiceAxis__custom--VirtualChiefInformationSecurityOfficerServicesMember_zWUAfQ9jnZW7" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%; text-align: left">vCISO Services</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">1,621</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">2,265</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_hsrt--ProductOrServiceAxis__custom--CybersecuritySoftwareAndServicesMember_zoEk5gHP5qL" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Cybersecurity Software and Services</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">1,729</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">1,537</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_zQ1pwwjYs63j" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; padding-bottom: 1pt">Total</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">3,350</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">3,802</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

Engagements typically include a fixed monthly subscription fee and exceed 12 months because of renewal options of 1, 3, 6, or 12 months.

The following table presents revenue reviewed by the CODM for the six months ended March 31, 2026 and 2025: SCHEDULE OF DISAGGREGATED REVENUE <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; display: none; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251001__20260331_z2wea5Z9Uijb" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20241001__20250331_z0c9L0doLYcd" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="6" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Six Months Ended</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"></td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">March 31,</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_hsrt--ProductOrServiceAxis__custom--VirtualChiefInformationSecurityOfficerServicesMember_zWUAfQ9jnZW7" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%; text-align: left">vCISO Services</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">1,621</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">2,265</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_hsrt--ProductOrServiceAxis__custom--CybersecuritySoftwareAndServicesMember_zoEk5gHP5qL" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Cybersecurity Software and Services</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">1,729</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">1,537</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_zQ1pwwjYs63j" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; padding-bottom: 1pt">Total</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">3,350</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">3,802</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

1621000

2265000

1729000

1537000

3350000

3802000

Cash, Cash Equivalents, and Short-Term Investments Cash includes funds deposited in banks. We consider all highly liquid investments with an original maturity of 90 days or less to be cash equivalents. Highly liquid investments with original maturities of 91 days or more that will mature less than one year from the balance sheet date are classified as short-term investments. Securities with maturities of more than 360 days, if any, are included in “long-term investments.” Our cash equivalents and short-term investments are placed primarily in money market funds and time deposits and are classified as held-to-maturity based on our positive intent and ability to hold the securities to maturity. We value cash equivalents at their original purchase prices plus interest that has accrued at the stated rate. We value short-term investments at their original purchase prices. Interest earned on short-term investments is accrued in interest receivable which is included on our balance sheet in “Accounts receivable, net.” Interest income related to cash equivalents and short-term investments is reported in “Other income, net” on the Consolidated Statement of Operations.

Accounts Receivable Trade accounts receivable are recorded at the invoiced amounts and do not bear interest. We grant credit to customers and generally require no collateral. To minimize our risk, we perform ongoing credit evaluations of our customers’ financial condition. Effective January 1, 2023, we implemented the guidance in ASC Topic 326 (Financial Instruments – Credit Losses) in developing our estimate of the allowance for credit losses related to our accounts receivable. The allowance for credit losses is our best estimate of the amount of expected credit losses in our existing accounts receivable. In establishing the amount of allowance for credit losses, we consider all information available as of the reporting date including information related to past events, such as historical loss rates and actual incurred losses, as well as current conditions that may indicate future risk of loss and any other factors of which we are aware, that we believe could impact the ultimate collectability of the related receivables in future periods. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. We do not have any significant off-balance sheet credit exposure related to our customers. Cash flows from accounts receivable are recorded in operating cash flows. There was no bad debt expense recorded for the six months ended March 31, 2026 and 2025.

Fair Value of Financial Instruments Our financial instruments consisted primarily of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and accrued expenses. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. Fair value is focused on an exit price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Within the measurement of fair value, the use of market-based information is prioritized over entity specific information and a three-level hierarchy for fair value measurements is used based on the nature of inputs used in the valuation of an asset or liability as of the measurement date. The three-level hierarchy for fair value measurements is defined as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 0.25in; text-align: justify">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; and</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif">●</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.</td></tr> </table> For more information about the Company’s accounting policies surrounding fair value investments, see Note 7.

<p id="xdx_848_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock_z2aAmqEKSI5j" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Goodwill, Intangible, and Long-Lived Assets We account for goodwill and intangible assets in accordance with ASC Topic 350 (Intangibles – Goodwill and Other) and ASC Topic 360 (Property, Plant and Equipment). Finite-lived intangible assets are amortized over their estimated useful economic life and are carried at cost less accumulated amortization. Goodwill is assessed for impairment annually at the beginning of the fourth quarter on a reporting unit basis, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. Goodwill is considered to be impaired if the fair value of a reporting unit is less than its carrying amount. If the fair value of a reporting unit exceeds its carrying amount, the goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Long-lived assets, which consist of finite-lived intangible assets and property and equipment, are assessed for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the estimated undiscounted cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value. The cash flow estimates used to determine the impairment, if any, contain management’s best estimates using appropriate assumptions and projections at that time. There have been no significant events or changes in circumstances during the six months ended March 31, 2026, that would indicate that the carrying amount of the Company’s intangible asset, goodwill, may be impaired as of March 31, 2026.

Revenue Recognition We recognize revenue in accordance with the guidance in ASC Topic 606 (Revenue from Contracts with Customers). Nature of Products and Services We identify, develop, and deploy cybersecurity and privacy risk management solutions for our clients in North America. We categorize our products and services as either vCISO Services or Cybersecurity Software and Services. The revenue earned from Enclave, our proprietary software product, as well as the revenue from reselling third-party software and services, is included in Cybersecurity Software and Services. Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the client and is the unit of accounting in Topic 606. A significant portion of our revenue is from clients with whom we have a Master Service Agreement (“MSA”). Each MSA generally contains one or more Statement(s) of Work (“SOW”). Each SOW specifies the products and services and their respective transaction prices. We refer to an MSA and its SOW(s) as a “Contract”. Our Contracts generally contain monthly service subscriptions, annual software licenses, time and material based billing, or fixed fee projects. A Contract’s transaction price is allocated to each distinct performance obligation. For Contracts with multiple performance obligations, we allocate the Contract’s transaction price to each performance obligation based on the relative standalone selling price. Revenue is recognized over a period of time for monthly service subscriptions and software licenses. Revenue is recognized at a point in time when, or as, the performance obligation is satisfied for fixed fee projects and time and material based billing. The completed work products we create for our clients do not have alternative uses to SideChannel and our Contracts created a right to payment for work completed. Generally, each of the fixed fee project performance obligations we deliver is accompanied by an upfront payment. Our determination for point in time revenue recognition is based upon client acceptance of the performance obligation. We do not have any material variable consideration arrangements, client-specific acceptance criteria, or any material payment terms with our clients other than standard payment terms which generally range from net 15 to net 30 days. Principal versus Agent We resell software and services provided by third parties. When we have discretion over the pricing used in the Contracts with our clients then we deem ourselves to be the principal for purposes of revenue recognition and record revenue on a gross basis using the price specified in the Contract. This is the case for almost all the third-party software and services we sell. Also consistent in our determinations to recognize revenue as the principal is our ability to direct the third party to provide the service to the client on our behalf. Occasionally, we receive a commission from the sale of third-party software and services, in which case we are an agent and record revenue on a net basis equal to the amount of the commission earned. Contract Balances We record accounts receivable at the time of invoicing. To the extent that we do not recognize revenue at the same time as we invoice, we record a liability for deferred revenue. In certain instances, we also receive customer deposits in advance of invoicing and recording of accounts receivable. Deferred revenue and customer deposits are included in current liabilities on our consolidated balance sheets. In these instances, the recognition of revenue is deferred until we have determined that we have satisfied our performance obligations under the Contract. Costs to Obtain a Contract with a Customer The costs we incur associated with obtaining contracts with customers are marketing costs incurred with third-party service providers and sales commissions that we pay to our employees, contractors, or third-party sales representatives. Commissions are calculated based on set percentages of the revenue value of each product or service sold. Commissions are considered earned by our internal sales personnel at the time we recognize revenue for a particular transaction. Commissions are considered earned by third-party sales representatives at the time that revenue is recognized for a particular transaction. We record commission expense in our consolidated statements of operations at the time the commission is earned. Commissions earned but not yet paid are included in current liabilities on our balance sheets.

Leases We account for leases in accordance with ASC Topic 842 (Leases). We determine if an arrangement is a lease at inception. A lease contract is within scope if the contract has an identified asset (property, plant, or equipment) and grants the lessee the right to control the use of the asset during the lease term. The identified asset may be either explicitly or implicitly specified in the contract. In addition, the supplier must not have any practical ability to substitute a different asset and would not economically benefit from doing so for the lease contract to be in scope. The lessee’s right to control the use of the asset during the term of the lease must include the ability to obtain substantially all the economic benefits from the use of the asset as well as decision-making authority over how the asset will be used. Leases are classified as either operating leases or finance leases based on the guidance in ASC Topic 842. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in our consolidated balance sheets. Finance leases are included in property and equipment and financing lease liabilities. We do not currently have any financing leases. Operating lease payments are included in cash outflows from operating activities on our consolidated statements of cash flows. We have made an accounting policy election not to apply the recognition requirements of ASC Topic 842 to short-term leases (leases with a term of one year or less at the commencement date of the lease). Our lease periods are less than one year in duration. Lease expense for short-term lease payments is recognized on a straight-line basis over the lease term. Following the guidance of ASC Topic 842, we are not required to record ROU assets and operating lease liabilities. See Note 6 for further disclosures regarding our leases.

Research and Development and Software Development Expenses All research and development costs, including patent and software development costs, are expensed as incurred.

Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718 (Compensation – Stock Compensation) which requires that employee share-based equity awards be accounted for under the fair value method and requires the use of an option pricing model for estimating fair value of awards, which is then amortized to expense over the service periods. The Company estimates the fair value of share-based payment awards on the date of grant using an option-pricing mode or the fair value of our stock on the grant date. The value of the portion of the award that is ultimately expected to vest is recognized as stock compensation expense over the requisite service period in the Company’s consolidated statements of income. See further disclosures related to our stock-based compensation plans in Note 13.

Legal We are subject to legal proceedings, claims, and liabilities which arise in the ordinary course of business, and we accrue for losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Legal fees are charged to general and administrative expenses as they are incurred.

Income Taxes We utilize the asset and liability method in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for operating loss and tax credit carryforwards and for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. 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 recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that the value of such assets will be realized. We use the two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement. We consider many factors when evaluating and estimating our tax positions and tax benefits, which may require periodic adjustments. We did not record any liabilities for uncertain tax positions during the six months ended March 31, 2026.

Net Loss Per Common Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the reporting period. The weighted average number of shares is calculated by taking the number of shares outstanding and weighting them by the amount of time that they were outstanding. Diluted earnings per share reflects the potential dilution that could occur if warrants were exercised or equity awards vest resulting in the issuance of common stock that could share in our earnings. Diluted loss per share is the same as basic loss per share during periods where net losses are incurred since the inclusion of the potential common stock equivalents would be anti-dilutive because of the net loss.

Warrants We evaluate warrants in accordance with ASC Topics 480 (Distinguishing Liabilities from Equity) and 815 (Derivatives and Hedging). The result of this accounting treatment is that the fair value of the embedded derivative, if required to be bifurcated, is marked-to-market at each balance sheet date and recorded as a liability. The change in fair value is recorded in the Statement of Operations as a component of other income or expense. Upon exercise of a warrant, it is marked to fair value at the exercise date and then that fair value is reclassified to equity.

Recent Accounting Announcements FASB issues Accounting Standards Updates (“ASU”) to amend the authoritative literature in the ASC. There have been several ASUs to date that amend the original text of the ASCs. Other than those discussed below, we believe those ASUs issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us, or (iv) are not expected to have a significant impact on us. Accounting Pronouncements Adopted In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which provides guidance to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the guidance enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. The purpose of the guidance is to enable investors to better understand an entity’s overall performance and assess potential future cash flows. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. For us, annual reporting requirements were effective for our fiscal year 2025 beginning on October 1, 2024, and interim reporting requirements were effective beginning with our first quarter of fiscal year 2026. We manage our operations as a single operating segment for the purpose of assessing performance and making operating decisions. Our Chief Executive Officer is our chief operating decision maker. No changes have been made to the presentation of our financial statements because of this pronouncement. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which updates income tax disclosure requirements primarily by requiring specific categories and greater disaggregation within the rate reconciliation table and disaggregation of income taxes paid, net of refunds, by jurisdiction. All entities are required to apply the guidance prospectively, with the option to apply it retrospectively. The guidance is effective for fiscal years beginning after December 15, 2024, which for us is our fiscal year 2026 beginning on October 1, 2025. We did not adopt additional new accounting pronouncements during the six months ended March 31, 2026. Accounting Pronouncements Not Yet Adopted In November 2024, the FASB also issued ASU 2024-03, Disaggregation of Income Statement Expenses, which will require the disclosure of additional information about specific expense categories in the notes to the financial statements. The guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. For us, annual reporting requirements will be effective for our fiscal year 2028 beginning on October 1, 2027, and interim reporting requirements will be effective beginning with our first quarter of fiscal year 2029. Early adoption is permitted. We are currently evaluating the impact of this amended disclosure guidance. In March 2024, the Securities and Exchange Commission issued a rule which will require companies to make certain climate-related disclosures in periodic filings. The rule includes certain disclosures in the footnotes of the financial statements: ● capitalized costs, expenditures expensed, and losses incurred because of severe weather events and other natural conditions, such as hurricanes, tornadoes, flooding, drought, wildfires, extreme temperatures, and sea level rise; ● capitalized costs, expenditures expensed, and losses related to carbon offsets and renewable energy credits or certificates if they are used as a material component of a registrant’s plans to achieve its disclosed climate-related targets or goals; and ● whether estimates and assumptions used to produce the financial statements were materially impacted by risks and uncertainties associated with severe weather events and other natural conditions or any disclosed climate-related targets or transition plans. The climate-related footnote disclosures are effective for annual filings for the year ending September 30, 2026. The Company is currently evaluating the impact of the adoption of the rule. The Company does not believe that the above recently issued, but not yet effective, accounting standards, if and when adopted, will have a material effect on the accompanying unaudited condensed consolidated financial statements.

NOTE 5 – CASH EQUIVALENTS AND INVESTMENTS We have financial instruments included as cash equivalents and short-term investments on our balance sheets. Money market funds and time deposits with maturities of less than 90 days from the purchase date are included in “Cash and cash equivalents.” Time deposits with maturities from 91-360 days are included in “Short-term investments.” As of March 31, 2026, the Company had no long-term investments. The following table presents the carrying amounts of cash equivalents and short-term investments as of March 31, 2026, and September 30, 2025: SCHEDULE OF CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="2" id="xdx_49B_20260331_zgDPBAjf67b4" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">March 31,</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="2" id="xdx_49E_20250930_zJcVjGUiXsp6" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">September 30,</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--CashEquivalentsAtCarryingValueAbstract_iB_zYqcEc4W28G" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Cash equivalents</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--MoneyMarketFundsAtCarryingValue_iI_pn3n3_zbKH6oJdGxZ3" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; width: 60%; text-align: left; padding-bottom: 1pt">Money market funds</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">264</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_z6k2yl1N3OHf" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total cash equivalents</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">264</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--ShortTermInvestmentsAbstract_iB_z2tceYocQKBa" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--TimeDepositsAtCarryingValue_iIP1us-gaap--ShortTermInvestmentsAbstract_pn3n3_hus-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_zia7i6t9Khgd" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: left; padding-bottom: 1pt">Time deposits</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShortTermInvestments_iIP1us-gaap--ShortTermInvestmentsAbstract_pn3n3_zc3zDtyxdqMg" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table> For more information about the fair value of the Company’s financial instruments, see Note 7.

The following table presents the carrying amounts of cash equivalents and short-term investments as of March 31, 2026, and September 30, 2025: SCHEDULE OF CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="2" id="xdx_49B_20260331_zgDPBAjf67b4" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">March 31,</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="2" id="xdx_49E_20250930_zJcVjGUiXsp6" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">September 30,</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--CashEquivalentsAtCarryingValueAbstract_iB_zYqcEc4W28G" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Cash equivalents</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--MoneyMarketFundsAtCarryingValue_iI_pn3n3_zbKH6oJdGxZ3" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; width: 60%; text-align: left; padding-bottom: 1pt">Money market funds</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">264</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_z6k2yl1N3OHf" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total cash equivalents</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">264</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--ShortTermInvestmentsAbstract_iB_z2tceYocQKBa" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--TimeDepositsAtCarryingValue_iIP1us-gaap--ShortTermInvestmentsAbstract_pn3n3_hus-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_zia7i6t9Khgd" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: left; padding-bottom: 1pt">Time deposits</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--ShortTermInvestments_iIP1us-gaap--ShortTermInvestmentsAbstract_pn3n3_zc3zDtyxdqMg" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

264000

100000

NOTE 6 - LEASES On December 10, 2021, we entered into a lease for approximately 500 square feet of office space at 146 Main Street in Worcester, Massachusetts, with the option to renew annually. The annual renewal date is January 1st. The lease allows for a 2% increase effective at the beginning of each renewal period. The lease payment is $1,006 per month during calendar year 2026. Operating lease payments are included in cash outflows from operating activities on our consolidated statements of cash flows. Operating lease expenses were $6 thousand and $6 thousand for the six months ended March 31, 2026 and 2025, respectively. We have made an accounting policy election not to apply the recognition requirements of ASC Topic 842 (Leases) to short-term leases (leases with a term of one year or less at the commencement date of the lease). Lease expense for short-term lease payments is recognized on a straight-line basis over the lease term. We do not have any long-term operating leases or financing leases as of March 31, 2026. We expect to pay approximately $12 thousand over the next 12 months for the Worcester lease.

500

option to renew annually. The annual renewal date is January 1st.

0.02

1006000

6000

12000

NOTE 7 – FAIR VALUE MEASUREMENT ASC Topic 820 “Fair Value Measurement” (“Topic 820”) defines fair value, establishes a market-based framework or hierarchy for measuring fair value, and expands disclosures about fair value measurements. Topic 820 is applicable whenever assets and liabilities are measured and included in the financial statements at fair value. <p id="xdx_898_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zvWKw9HEDLb" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following tables present the carrying amounts, estimated fair values, and valuation input levels of certain financial instruments as of March 31, 2026, and September 30, 2025. SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="18" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">March 31, 2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Carrying</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair Value Measured Using</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Amount</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 1</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 2</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 3</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Value</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 35%; text-align: left">Short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: left; padding-bottom: 1pt">Time deposits: 91 - 360 days</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98A_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_z6sSjPUVq81b" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98F_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z6gWbBB1AMrb" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_983_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zoDymNYliSD3" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z1Xq0rFa6nog" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_989_ecustom--TimeDepositsFairValueDisclosure_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_zihP0rK0dO6" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits, fair value">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331_zdMJaHQTD9f9" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zzNB2KsGCIXg" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zC9XRIqOEev3" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zx6qVSDPuz5a" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_987_eus-gaap--InvestmentsFairValueDisclosure_iI_pn3n3_c20260331_zlGTfXxSbLZe" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="18" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">September 30, 2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Carrying</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair Value Measured Using</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Amount</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 1</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 2</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 3</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Value</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; width: 35%; text-align: left; padding-bottom: 1pt">Time deposits: 91 - 360 days</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_zg2sW16xvcr8" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_znUvySOJvLpd" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zicj9YmXLmPi" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zxkJZk3MkSUh" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--TimeDepositsFairValueDisclosure_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_z2Ic2qzywRGi" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits, fair value">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930_zizLlBHR0qLj" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zGf5869OQty9" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zeIEYh4FcKV8" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zNlU1BnhvHo6" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--InvestmentsFairValueDisclosure_iI_pn3n3_c20250930_zPWiXLFTDvfe" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

<p id="xdx_898_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zvWKw9HEDLb" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following tables present the carrying amounts, estimated fair values, and valuation input levels of certain financial instruments as of March 31, 2026, and September 30, 2025. SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="18" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">March 31, 2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Carrying</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair Value Measured Using</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Amount</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 1</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 2</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 3</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Value</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 35%; text-align: left">Short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: left; padding-bottom: 1pt">Time deposits: 91 - 360 days</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98A_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_z6sSjPUVq81b" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98F_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z6gWbBB1AMrb" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_983_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zoDymNYliSD3" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_z1Xq0rFa6nog" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_989_ecustom--TimeDepositsFairValueDisclosure_iI_pn3n3_c20260331__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_zihP0rK0dO6" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Time deposits, fair value">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331_zdMJaHQTD9f9" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zzNB2KsGCIXg" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zC9XRIqOEev3" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--ShortTermInvestments_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zx6qVSDPuz5a" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_987_eus-gaap--InvestmentsFairValueDisclosure_iI_pn3n3_c20260331_zlGTfXxSbLZe" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="18" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">September 30, 2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Carrying</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair Value Measured Using</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Fair</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Amount</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 1</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 2</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Level 3</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Value</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; width: 35%; text-align: left; padding-bottom: 1pt">Time deposits: 91 - 360 days</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_zg2sW16xvcr8" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_znUvySOJvLpd" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zicj9YmXLmPi" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--TimeDepositsAtCarryingValue_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zxkJZk3MkSUh" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--TimeDepositsFairValueDisclosure_iI_pn3n3_c20250930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--BankTimeDepositsMember_z2Ic2qzywRGi" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right" title="Time deposits, fair value">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt">Total short-term investments</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930_zizLlBHR0qLj" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zGf5869OQty9" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_982_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zeIEYh4FcKV8" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--ShortTermInvestments_iI_pn3n3_c20250930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zNlU1BnhvHo6" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">-</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_981_eus-gaap--InvestmentsFairValueDisclosure_iI_pn3n3_c20250930_zPWiXLFTDvfe" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Total short-term investments, carrying amount">100</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

100000

NOTE 8 – DEBT SideChannel did not have debt at March 31, 2026.

NOTE 9 – STOCKHOLDERS’ EQUITY Common Stock As of March 31, 2026, and September 30, 2025, we had 4,572,757 and 4,446,713 shares of common stock outstanding, respectively. The authorized shares and par value per share of common stock were unchanged by the Reverse Split and remain at 681,000,000 shares and $0.001 per share, respectively. We restated our common shares outstanding (shares and amount) and the value of our APIC to reflect the number of shares outstanding after the Reverse Split. The outstanding shares were retroactively restated for the effect of the Reverse Split from 231,229,054 to 4,446,713 for September 30, 2025. Common Stock Issued Under Equity Incentive Plan During the six months ended March 31, 2026, <span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_pid_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zj30gq8qRBnf" title="Number of shares, vested">141,870 Restricted Stock Units (“RSUs”) vested for which we issued <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zeDgDw3iZ9u4" title="Number of shares issued">105,550 shares of common stock and 36,320 RSUs were sold by employees to fund payroll taxes. During the six months ended March 31, 2025, <span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_pid_c20241001__20250331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zpdTKMTVUUEd" title="Number of shares, vested">123,062 RSUs vested for which we issued <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20241001__20250331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zwnSQwqR1Jrg" title="Number of shares issued">94,180 shares of common stock and 28,882 RSUs were sold by employees to fund payroll taxes. Preferred Stock As of March 31, 2026, we had zero (0) shares of preferred stock outstanding and were authorized to issue 10,000,000 shares of preferred stock at a par value of $0.001 per share. Warrants We have four categories of warrants outstanding which are summarized below along with exercise prices and expiration dates. SCHEDULE OF WARRANT OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands, except prices and dates)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Number of Warrants</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Exercise Price</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Expiration Date</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 46%; text-align: justify">2018 Placement Agent</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandEighteenPlacementAgentMember_zkUt0YfXCyfi" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Number of Warrant, Outstanding">106</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandEighteenPlacementAgentMember_zQYzbVaKYzIf" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Warrant, Exercise Price">52.00</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandEighteenPlacementAgentMember_zvbqTmrDNLVe" title="Warrant, Expiration Date">Aug 7, 2028</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">2021 Private Placement</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePrivatePlacementMember_zG7G7E7Is80b" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">130</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePrivatePlacementMember_zJMxCwIJdjC1" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Warrant, Exercise Price">18.72</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePrivatePlacementMember_z9WwK9lRHW39" title="Warrant, Expiration Date">Apr 16, 2026</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">2021 Placement Agent</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePlacementAgentMember_z0KTOUMLY6wj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">160</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePlacementAgentMember_zhvYUSh4SQD3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Warrant, Exercise Price">9.36</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePlacementAgentMember_zJmnSLerqCpg" title="Warrant, Expiration Date">Apr 16, 2031</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-bottom: 1pt">2023 Warrant Exchange</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyThreeWarrantExchangeMember_zoIT8SCp3Vld" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">335</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyThreeWarrantExchangeMember_zVVuNAnZjyrc" style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: right" title="Warrant, Exercise Price">9.36</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; padding-bottom: 1pt"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyThreeWarrantExchangeMember_zW93fFSftMD1" title="Warrant, Expiration Date">Dec 29, 2028</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Total Outstanding Warrants</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331_z1V0KQIOZIb7" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">731</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td></tr> </table> The following table summarizes warrant activity for the six months ended March 31, 2026: SCHEDULE OF WARRANT ACTIVITY <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands, except prices and lives)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Number of Warrants</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Weighted Average Exercise Price</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Weighted Average Remaining Life</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 46%; text-align: justify">Outstanding at September 30, 2025</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_ztitxizKq5E5" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Number of Warrants, Outstanding Beginning">832</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageGrantDateFairValue_iS_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z2VUl8Cnfbm7" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Weighted Average Exercise Price, Outstanding Beginning">17.40</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right"><span id="xdx_90E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageRemainingContractualTerms_dtY_c20241001__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zuOPUqkcIOAd" title="Weighted Average Remaining Life">2.89</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Granted</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zUzLXL6LlpK3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Granted">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zchgaXTeFC6g" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Granted">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Exercised</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zSuXC7r3tPn9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Exercised">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWeightedAverageExercisePrice_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zBFL1wFJbMXf" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Exercised">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; padding-bottom: 1pt">Canceled/Forfeited</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_iN_pn3n3_di_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zWUe3VVEAQ47" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Canceled/Forfeited">(101</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresWeightedAverageGrantDateFairValue_iN_pid_di_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zeGdkPL9B411" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Canceled/Forfeited">(18.72</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif">Outstanding at March 31, 2026</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zsVd5Gi8MTd8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Outstanding Ending">731</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageGrantDateFairValue_iE_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zppWrbNAwWZ9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Outstanding Ending">17.22</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><span id="xdx_900_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageRemainingContractualTerms_dtY_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zwZqR8RexDVf" title="Weighted Average Remaining Life">2.73</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> </table> Approximately <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_pn3n3_c20260331__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--TypeOfArrangementAxis__custom--TwoThousandTwentyOnePrivatePlacementWarrantsMember_zVqTCtQBq23k" title="Number of warrant expired">101 thousand of 2021 Private Placement warrants expired on March 31, 2026. <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights_c20260417__20260417__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--TypeOfArrangementAxis__custom--TwoThousandTwentyOnePrivatePlacementWarrantsMember_ztND2zFmyMFh" title="Vesting term">The remaining <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_pn3n3_c20260417__20260417__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--TypeOfArrangementAxis__custom--TwoThousandTwentyOnePrivatePlacementWarrantsMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zY1BzH267ZMh" title="Number of warrant expired">130 thousand 2021 Private Placement warrants outstanding at March 31, 2026, expired between April 1, 2026, and April 16, 2026. Following the expiration of 2021 Private Placement warrants on April 16, 2026, the total warrants outstanding were 601 thousand with average exercise price $<span id="xdx_90C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWeightedAverageExercisePrice_pid_c20260417__20260417__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zpDlt2QakgVk" title="Weighted average exercise price">16.90 and remaining life of <span id="xdx_90E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageRemainingContractualTerms_dtY_c20260417__20260417__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zwYyVw9NjCag" title="Weighted average remaining life">3.3 years, respectively. The 2021 Private Placement Warrants contained terms that significantly restricted our options for raising capital. The expiration of these warrants provides us with more options to increase liquidity.

4572757

4446713

681000000

0.001

231229054

4446713

141870

105550

36320

123062

94180

28882

10000000

0.001

We have four categories of warrants outstanding which are summarized below along with exercise prices and expiration dates. SCHEDULE OF WARRANT OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands, except prices and dates)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Number of Warrants</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Exercise Price</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">Expiration Date</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 46%; text-align: justify">2018 Placement Agent</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandEighteenPlacementAgentMember_zkUt0YfXCyfi" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Number of Warrant, Outstanding">106</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandEighteenPlacementAgentMember_zQYzbVaKYzIf" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Warrant, Exercise Price">52.00</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 16%; text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandEighteenPlacementAgentMember_zvbqTmrDNLVe" title="Warrant, Expiration Date">Aug 7, 2028</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">2021 Private Placement</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePrivatePlacementMember_zG7G7E7Is80b" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">130</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePrivatePlacementMember_zJMxCwIJdjC1" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Warrant, Exercise Price">18.72</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePrivatePlacementMember_z9WwK9lRHW39" title="Warrant, Expiration Date">Apr 16, 2026</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">2021 Placement Agent</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePlacementAgentMember_z0KTOUMLY6wj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">160</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePlacementAgentMember_zhvYUSh4SQD3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Warrant, Exercise Price">9.36</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyOnePlacementAgentMember_zJmnSLerqCpg" title="Warrant, Expiration Date">Apr 16, 2031</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-bottom: 1pt">2023 Warrant Exchange</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98E_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyThreeWarrantExchangeMember_zoIT8SCp3Vld" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">335</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyThreeWarrantExchangeMember_zVVuNAnZjyrc" style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: right" title="Warrant, Exercise Price">9.36</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; padding-bottom: 1pt"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--TwoThousandTwentyThreeWarrantExchangeMember_zW93fFSftMD1" title="Warrant, Expiration Date">Dec 29, 2028</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Total Outstanding Warrants</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260331_z1V0KQIOZIb7" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrant, Outstanding">731</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"> </td></tr> </table>

106000

52.00

2028-08-07

130000

18.72

2026-04-16

160000

9.36

2031-04-16

335000

9.36

2028-12-29

731000

The following table summarizes warrant activity for the six months ended March 31, 2026: SCHEDULE OF WARRANT ACTIVITY <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands, except prices and lives)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Number of Warrants</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Weighted Average Exercise Price</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Weighted Average Remaining Life</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 46%; text-align: justify">Outstanding at September 30, 2025</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_ztitxizKq5E5" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Number of Warrants, Outstanding Beginning">832</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageGrantDateFairValue_iS_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z2VUl8Cnfbm7" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right" title="Weighted Average Exercise Price, Outstanding Beginning">17.40</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 14%; text-align: right"><span id="xdx_90E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageRemainingContractualTerms_dtY_c20241001__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zuOPUqkcIOAd" title="Weighted Average Remaining Life">2.89</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Granted</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zUzLXL6LlpK3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Granted">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zchgaXTeFC6g" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Granted">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Exercised</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zSuXC7r3tPn9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Exercised">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWeightedAverageExercisePrice_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zBFL1wFJbMXf" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Exercised">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; padding-bottom: 1pt">Canceled/Forfeited</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_iN_pn3n3_di_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zWUe3VVEAQ47" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Canceled/Forfeited">(101</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresWeightedAverageGrantDateFairValue_iN_pid_di_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zeGdkPL9B411" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Canceled/Forfeited">(18.72</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">—</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif">Outstanding at March 31, 2026</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_pn3n3_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zsVd5Gi8MTd8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of Warrants, Outstanding Ending">731</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_984_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageGrantDateFairValue_iE_pid_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zppWrbNAwWZ9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Weighted Average Exercise Price, Outstanding Ending">17.22</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><span id="xdx_900_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageRemainingContractualTerms_dtY_c20251001__20260331__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zwZqR8RexDVf" title="Weighted Average Remaining Life">2.73</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> </table>

832000

17.40 P2Y10M20D

101000

18.72

731000

17.22 P2Y8M23D

101000

The remaining 130 thousand 2021 Private Placement warrants outstanding at March 31, 2026, expired between April 1, 2026, and April 16, 2026. Following the expiration of 2021 Private Placement warrants on April 16, 2026, the total warrants outstanding were 601 thousand with average exercise price $16.90 and remaining life of 3.3 years, respectively.

130000

16.90 P3Y3M18D

NOTE 10 – REVENUE FROM CONTRACTS WITH CLIENTS Deferred revenue is comprised of payments received from our clients and customers for products or services in advance of receiving the product or service and primarily occurs for annual software and service contracts including Enclave. The deferred revenue is expected to be earned within 12 months of the balance sheet date. SCHEDULE OF CHANGES IN DEFERRED REVENUE <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">(in thousands)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="2" style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 78%; text-align: justify">Balance at September 30, 2025</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--DeferredRevenueCurrent_iS_pn3n3_c20251001__20260331_zju1KUAZEbU3" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 18%; text-align: right" title="Deferred revenue, beginning balance">801</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: justify">Deferral of revenue</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_986_ecustom--ContractWithCustomerLiabilityRevenueDeferred_pn3n3_c20251001__20260331_zRunr8wMYDq3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Deferral of revenue">895</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: justify; padding-bottom: 1pt">Recognition of revenue</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98D_ecustom--RecognitionOfDeferredReveneues_iN_pn3n3_di_c20251001__20260331_zNRB3VijQAwk" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Recognition of revenue">(832</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Balance at March 31, 2026</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--DeferredRevenueCurrent_iE_pn3n3_c20251001__20260331_z54XXwDrutY8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Deferred revenue, ending balance">864</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> </table>

SCHEDULE OF CHANGES IN DEFERRED REVENUE <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">(in thousands)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td colspan="2" style="font: 10pt Arial, Helvetica, Sans-Serif"> </td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 78%; text-align: justify">Balance at September 30, 2025</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--DeferredRevenueCurrent_iS_pn3n3_c20251001__20260331_zju1KUAZEbU3" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 18%; text-align: right" title="Deferred revenue, beginning balance">801</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: justify">Deferral of revenue</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_986_ecustom--ContractWithCustomerLiabilityRevenueDeferred_pn3n3_c20251001__20260331_zRunr8wMYDq3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Deferral of revenue">895</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; text-align: justify; padding-bottom: 1pt">Recognition of revenue</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98D_ecustom--RecognitionOfDeferredReveneues_iN_pn3n3_di_c20251001__20260331_zNRB3VijQAwk" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Recognition of revenue">(832</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Balance at March 31, 2026</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</td><td id="xdx_98C_eus-gaap--DeferredRevenueCurrent_iE_pn3n3_c20251001__20260331_z54XXwDrutY8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Deferred revenue, ending balance">864</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> </table>

801000

895000 832000

864000

NOTE 11 – BUSINESS RISK AND CREDIT RISK CONCENTRATION INVOLVING CASH One client individually accounted for over <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20260101__20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--OneClientMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zJ0K2aHMRkt4" title="Concentration risk percentage">10% of our revenue during the three months ended March 31, 2026. No one client individually accounted for over <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20251001__20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--NoClientMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zKq3Vfu2LL46" title="Concentration risk percentage">10% of our revenue during the six months ended March 31, 2026, or the three or six months ended March 31, 2025. We had no clients with an accounts receivable balance that exceeded <span id="xdx_909_ecustom--ConcentrationRiskPercentageExceeds_pid_dp_uPure_c20251001__20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--NoClientMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z52wPZSQhrQ" title="Concentration risk percentage exceeds">10% of accounts receivable at March 31, 2026. We maintain our cash, cash equivalents, and short-term investments in accounts held by highly reputable financial institutions (collectively “Deposits”). The Federal Deposit Insurance Corporation (“FDIC”) insures these Deposits up to $250 thousand per financial institution. At times our balance at each institution may exceed the $250 thousand FDIC insured limit. As of March 31, 2026, we had insured Deposits totaling $149 thousand at three (3) distinct financial institutions, leaving approximately $162 thousand of our Deposits uninsured. We have not experienced any losses on Deposits.

0.10

0.10 250000 250000

149000

162000

NOTE 12 – RELATED PARTY TRANSACTIONS We did not have any new related party transactions or material changes to existing related party transactions during the six months ended March 31, 2026. Brian Haugli, our Chief Executive Officer, a member of our Board of Directors, and a significant stockholder in the Company, is also a principal shareholder of RealCISO Inc. (“RealCISO”). We are a reseller of the RealCISO software. We receive revenue from our customers for the use of RealCISO software and pay licensing fees to RealCISO for such use. For the six months ended March 31, 2026, we paid $66 thousand to RealCISO for licenses, and invoiced RealCISO $<span id="xdx_906_ecustom--SoftwareDevelopmentServicesAmountInvoiced_pn3n3_c20251001__20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RealCISOMember_z3bZsyhwOuD5" title="Software development services amount invoiced">38 thousand for software development services that we provided RealCISO. No other related party transactions occurred during the six months ended March 31, 2026. For fiscal years ended September 30, 2025 and 2024, SideChannel paid $75 thousand and $30 thousand to RealCISO for licenses, respectively. We also invoiced $<span id="xdx_903_ecustom--SoftwareDevelopmentServicesAmountInvoiced_pn3n3_c20241001__20250930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RealCISOMember_zsWGNS3GMqU8" title="Software development services amount invoiced">34 thousand and $<span id="xdx_907_ecustom--SoftwareDevelopmentServicesAmountInvoiced_pn3n3_c20231001__20240930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RealCISOMember_zEKurVSK0osi" title="Software development services amount invoiced">122 thousand from RealCISO for software development services that we provided RealCISO during fiscal years ended September 30, 2025, and 2024, respectively. On October 13, 2023, the Association of the US Army (“AUSA”) signed an agreement for a cybersecurity risk assessment for approximately $<span id="xdx_90F_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_pn3n3_c20231001__20231013__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AssociationOfTheUSArmyMember_zzIFt37nlha4" title="Contract for revenue received from AUSA">24 thousand. On February 15, 2024, the President of AUSA, Retired U.S. Army General Robert Brown, joined our Board. On July 8, 2024, AUSA signed an agreement for recurring vCISO Services which generated approximately $9 thousand of revenue in fiscal year 2024 and $54 thousand of revenue in fiscal year 2025 for the Company before terminating in March 2025. SideChannel reserved booth space at the AUSA Global Force Symposium held in March 2025 and paid $<span id="xdx_901_eus-gaap--RepaymentsOfRelatedPartyDebt_pn3n3_c20250301__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AssociationOfTheUSArmyMember_zQizkkbHm5eh" title="Paid amount">8 thousand to AUSA for this event.

66000

38000

75000

30000

34000 122000

24000

9000

54000

8000

NOTE 13 – STOCK-BASED COMPENSATION We grant equity compensation awards to directors, employees, and contractors under the 2021 Omnibus Equity Compensation Plan. We have granted restricted stock units (“RSUs”) and stock options with service-based vesting conditions with vesting typically occurring over a 3-year period. The award quantities and grant date fair values have been retroactively adjusted to reflect the Reverse Split. Restricted Stock Units <p id="xdx_89B_eus-gaap--ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_zOWPFKOL3bH5" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following table summarizes the activity of our RSUs granted under our Equity Incentive Plan during the six months ended March 31, 2026: SCHEDULE OF RESTRICTED STOCK UNITS VESTING <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 70%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Number of RSUs</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 78%">Outstanding RSUs at September 30, 2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pn3n3_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zFZu972AzQr3" style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 18%; text-align: right" title="Number of RSU's, Outstanding, Beginning">294</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Granted</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pn3n3_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zkdehLkAKwcb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Granted">173</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Vested</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pn3n3_di_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zNwqXqafhPzj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Vested">(142</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; padding-bottom: 1pt">Canceled/Forfeited</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pn3n3_di_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zM3gEDvFOXue" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Canceled/Forfeited">(12</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt">Outstanding RSUs at March 31, 2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pn3n3_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zGf3pq4DaPR9" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Outstanding, Ending">313</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table> On March 16, 2026, we awarded <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20260316__20260316__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--OfficersAndEmployeesMember_znfahZAPqbo1" title="Number of RSUs granted">140,497 RSUs vesting over <span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights_c20260316__20260316__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--OfficersAndEmployeesMember_zdCNkwiqlthh" title="Vesting term">three years beginning on March 1, 2027, and ending on March 1, 2029, to officers and employees. During the quarter ended December 31, 2025, we awarded <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--NewEmployeesMember_zuZj1xetpQWf" title="Number of RSUs granted">32,695 RSUs to new employees. <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--NewEmployeesMember_zMscuJN6UES8" title="Vesting term">Vesting of 30,771 RSUs awarded during the quarter ended December 31, 2025, occurs over three years beginning on March 1, 2026, and ending on March 1, 2028, and the remaining 1,924 vested on March 2, 2026. The average grant date fair value of RSUs granted during the six months ended March 31, 2026, was $<span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__custom--NewEmployeesMember_zvuRvO4sJ1Qb">2.31. The Company recognizes compensation cost for unvested share-based awards on a straight-line basis over the requisite service period. Our total stock-based compensation expense for the six months ended March 31, 2026, was $191 thousand for the amortization of outstanding equity compensation grants. Stock-based compensation of $<span id="xdx_90E_eus-gaap--ShareBasedCompensation_pn3n3_c20251001__20260331__custom--IncomeStatementsLocationAxis__custom--GeneralAndAdministrativeExpensesMember_z1oVg25yKuy2" title="Stock-based compensation expense">144 thousand is included in general and administrative expense, $<span id="xdx_90D_eus-gaap--ShareBasedCompensation_pn3n3_c20251001__20260331__custom--IncomeStatementsLocationAxis__custom--SellingAndMarketingExpensesMember_zfLnQArhn7O5" title="Stock-based compensation expense">29 thousand in selling and marketing expense, and $<span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20251001__20260331__custom--IncomeStatementsLocationAxis__custom--ResearchAndDevelopmentExpensesMember_zOUWClUKNfWf" title="Stock-based compensation expense">18 thousand in research and development expense. The unamortized stock compensation expense at March 31, 2026, was $707 thousand, and the remaining weighted average term to vesting was <span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20251001__20260331_zeIAlPaLVm43" title="Remaining weighted average term, vesting">2.33 years.

P3Y

<p id="xdx_89B_eus-gaap--ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_zOWPFKOL3bH5" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The following table summarizes the activity of our RSUs granted under our Equity Incentive Plan during the six months ended March 31, 2026: SCHEDULE OF RESTRICTED STOCK UNITS VESTING <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 70%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">(in thousands)</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">Number of RSUs</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 78%">Outstanding RSUs at September 30, 2025</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pn3n3_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zFZu972AzQr3" style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 18%; text-align: right" title="Number of RSU's, Outstanding, Beginning">294</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Granted</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pn3n3_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zkdehLkAKwcb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Granted">173</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Vested</td><td style="font: 10pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pn3n3_di_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zNwqXqafhPzj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Vested">(142</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt; padding-bottom: 1pt">Canceled/Forfeited</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_iN_pn3n3_di_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zM3gEDvFOXue" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Canceled/Forfeited">(12</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt">Outstanding RSUs at March 31, 2026</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pn3n3_c20251001__20260331__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zGf3pq4DaPR9" style="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: right" title="Number of RSU's, Outstanding, Ending">313</td><td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table>

294000

173000

142000

12000

313000

140497

three years

32695

Vesting of 30,771 RSUs awarded during the quarter ended December 31, 2025, occurs over three years beginning on March 1, 2026, and ending on March 1, 2028, and the remaining 1,924 vested on March 2, 2026.

2.31

191000

144000

29000

18000

707000

P2Y3M29D

NOTE 14 – COMMITMENTS AND CONTINGENCIES We are currently not involved in any litigation that we believe could have a material adverse effect on its financial condition or results of operations.

NOTE 15 - SUBSEQUENT EVENTS On April 16, 2026, the final tranche of 2021 Private Placement Warrants expired. As of April 17, 2026, the total warrants outstanding were <span id="xdx_903_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pn3n3_c20260417__us-gaap--TypeOfArrangementAxis__custom--TwoThousandTwentyOnePrivatePlacementWarrantsMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z7fYwOlzoLJ3" title="Warrants outstanding">601 thousand with average exercise price $<span id="xdx_902_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260417__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zrW361DsaROc" title="Weighted average exercise price">16.90 and remaining life of <span id="xdx_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageRemainingContractualTerms_dtY_c20260417__20260417__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zC9BMRECzHre" title="Weighted average remaining life">3.3 years, respectively. The 2021 Private Placement Warrants contained terms that significantly restricted our options for raising capital. The expiration of these warrants provides us with more options to increase liquidity. The Company has evaluated events through May 13, 2026, the filing date of this Quarterly Report on Form 10-Q and determined that there have been no additional subsequent events that occurred that would require adjustments to our disclosures in the unaudited condensed consolidated financial statements.

601000

16.90

P3Y3M18D false false false false