v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating Activities:    
Net loss $ (10,429) $ (30,137)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 795 505
Allowance for credit loss 879 (94)
Allowance for inventory obsolescence and slow-moving inventory 44
Loss on disposition of subsidiary 132
Change in fair value of warrant liability (375) 21,837
Liability instrument issuance costs 189
Stock based compensation 8,584 3,079
Change in operating assets and liabilities:    
Accounts receivable 112 (227)
Inventory (862) (73)
Prepaid expenses and other current assets 54 (97)
Right-of-use asset (55) (353)
Accounts payable 75 152
Deferred revenue 50
Tax payable 16 19
Accrued expenses and other payables (1,130) (90)
Operating lease liabilities 83 353
Net cash used in operating activities (2,027) (4,937)
Cash flows from investing activities:    
Purchase of equipment (316) (386)
Purchase of short-term investments (67,039) (14,772)
Net cash effect of deconsolidation of subsidiary (3)
Proceeds from sale of long-term investments 193
Purchase of long-term investments (18) (177)
Proceeds from maturities and sales of short-term investments 21,255
Net cash used in investing activities (45,928) (15,335)
Cash flows from financing activities:    
Payment of loans received from third parties (10) (53)
Loans received from third parties 27
Payments of tax withholdings for restricted stock awards (1,733)
Contributions from Non-controlling Interests 4
Proceeds from warrants exercise 9,812
Payment of issuance cost of ordinary shares (5,344) (1,180)
Proceeds from issuance of ordinary shares 110,301 18,038
Net cash provided by financing activities 113,030 16,832
Net change in cash and cash equivalents 65,075 (3,440)
Cash and cash equivalents at beginning of the period 185,574 14,566
Cash and cash equivalents at end of the period 250,649 11,126
Supplemental noncash disclosures:    
Intangible assets acquired in exchange for common shares 3,701
Transfer of Notes Receivable in Settlement for Inventory Purchases 523
Reclassification of Warrant from Mezzanine Equity to Permanent Equity Upon Exercise $ 385