v3.26.1
Debt
 6 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt Debt
On October 1, 2025, the Company entered into a debt modification transaction with 22 investors by extending their promissory notes' maturity date to October 2028. Two new investors joined with a combined $2.1 million and two existing investors increased their participation by a combined $250,000. The promissory notes continue to bear a 12% annual interest rate with interest-only monthly installments until full balance at maturity.
On November 21, 2025, in connection with a stock repurchase transaction (see Note 3), the Company executed a two-year $22.0 million unsecured promissory note bearing a 12% annual interest rate. The note is payable in monthly payments of principal and interest of $1.0 million for 23 months with the remaining balance paid at maturity.
Future maturities of debt obligations as of March 31, 2026, are as follows (in thousands):
Regular AmortizationBalloon PaymentsTotal Payments
April 2026 - March 2027$27,374 $6,500 $33,874 
April 2027 - March 202823,694 10,548 34,242 
April 2028 - March 202917,645 9,451 27,096 
April 2029 - March 203019,043 — 19,043 
April 2030 - March 203115,306 — 15,306 
Thereafter35,288 86,060 121,348 
$138,350 $112,559 $250,909 
On May 15, 2026, in relation to eleven 12% unsecured promissory notes included in the above-mentioned debt modification on October 1, 2025, the Company extended several notes and added one new investor note to mature in October 2028, which total principal amount to $2.55 million. Several of those notes did not extend and were paid off amounting to $1.6 million. The promissory notes continue to bear a 12% annual interest rate with interest-only monthly installments until full balance at maturity.