v3.26.1
Leases
6 Months Ended
Mar. 31, 2026
Leases  
Leases

Note 8 — Leases

 

The Company has entered into operating leases for office space. The leases have remaining terms ranging from eight months to 1.3 years and expire at various dates through July 2027. The leases do not contain residual value guarantees or restrictive covenants. The following lease costs are included in the condensed consolidated statements of operations and comprehensive loss:

  

   2026   2025 
  

Six months ended

March 31,

 
   2026   2025 
Operating lease cost  $171   $316 
Short-term lease cost   15    24 
Total lease cost  $186   $340 

 

Cash paid for amounts included in the measurement of operating lease liabilities for the six months ended March 31, 2026 and 2025 was $171 and $378, respectively. As of March 31, 2026, the weighted-average remaining lease term was 1.2 years, and the weighted-average discount rate was 15.6%. There are no other leases that had not yet commenced as of March 31, 2026 that will create significant additional rights and obligations for the Company. The following table reconciles the undiscounted cash flows to the operating lease liabilities recorded on the condensed consolidated balance sheet as of March 31, 2026:

  

     
Years ending September 30,    
2026 (remaining six months)  $136 
2027   99 
Total minimum lease payments   235 
Less: imputed interest   (14)
Present value of future minimum lease payments   221 
Less: current obligations under leases   (208)
Long-term lease obligations  $13