Our leases consist primarily of office, warehouse and manufacturing space, as well as construction equipment. All of our future lease obligations are related to non-cancelable operating leases. The following table provides a summary of lease cost components for the three and nine months ended June 30, 2026 and 2025, respectively (in thousands):


	Three months ended June 30,				Nine months ended June 30,
Lease Cost	2026		2025		2026		2025
Operating lease cost	$	362	$	210	$	945	$	655

Variable lease cost(1)	86		53		177		134
Short-term lease cost(2)	611		647		1,822		1,954
Total lease cost	$	1,059	$	910	$	2,944	$	2,743

We recognize operating lease assets and operating lease liabilities representing the present value of the remaining lease payments for leases with initial terms greater than twelve months. Leases with initial terms of twelve months or less are not recorded in our Condensed Consolidated Balance Sheets. The following table provides a summary of the operating lease assets and operating lease liabilities included in our Condensed Consolidated Balance Sheets as of June 30, 2026 and September 30, 2025, respectively (in thousands):


Operating Leases	June 30, 2026		September 30, 2025
Assets:
Operating lease assets, net	$	2,524	$	1,664
Liabilities:
Current operating lease liabilities	$	947	$	882
Long-term operating lease liabilities	1,577		782
Total lease liabilities	$	2,524	$	1,664

In Fiscal 2026, we executed two operating leases, one in Canada for additional office and warehouse space and the other adjacent to our Houston manufacturing facility for additional manufacturing and warehouse space. Both leases are expected to commence in Fiscal 2027.

The following table provides the maturities of our operating lease liabilities as of June 30, 2026, as well as our executed operating leases with future commencement dates (in thousands):


	Operating Leases
	Leases Signed		Less: Leases Not Yet Commenced		Leases in Effect
Remainder of 2026	$	290	$	—	$	290
2027	1,574		494		1,080
2028	1,231		494		737
2029	869		494		375
2030	709		494		215
Thereafter	142		—		142
Total future minimum lease payments	$	4,815	$	1,976	$	2,839
Less: present value discount (imputed interest)	(315)		—		(315)
Present value of lease liabilities	$	4,500	$	1,976	$	2,524

The weighted average discount rate as of June 30, 2026 and 2025 were 7.67% and 6.60%, respectively. The weighted average remaining lease term was 3.03 years and 2.19 years, respectively, at June 30, 2026 and 2025.