| Stockholders' Equity |
16. STOCKHOLDERS’ EQUITY Summary The following table summarizes changes in the components of stockholders’ equity during the nine months ended June 30, 2026 and 2025, respectively (amounts in thousands, except par value and share amounts):
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Common Stock |
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Shares |
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Par Value
Amount |
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Additional
Paid-in
Capital |
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Accumulated
Deficit |
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Accumulated
Other
Comprehensive
Income |
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Total
Stockholders'
Equity |
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Balance as of September 30, 2025 |
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45,161,172 |
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$ |
451 |
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$ |
127,384 |
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$ |
(125,904 |
) |
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$ |
687 |
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$ |
2,167 |
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Share-based compensation expense |
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— |
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— |
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|
419 |
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— |
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— |
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|
419 |
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Issuance of common stock upon exercise
of stock options, net |
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19,084 |
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— |
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32 |
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— |
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— |
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32 |
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Issuance of common stock upon vesting
of restricted stock units |
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32,055 |
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— |
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— |
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— |
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— |
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— |
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Other comprehensive income |
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— |
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— |
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— |
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— |
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5 |
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5 |
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Net loss |
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— |
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— |
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— |
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(817 |
) |
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— |
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(817 |
) |
Balance as of December 31, 2025 |
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45,212,311 |
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$ |
451 |
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$ |
127,835 |
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$ |
(126,721 |
) |
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$ |
692 |
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$ |
1,806 |
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Share-based compensation expense |
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— |
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$ |
— |
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$ |
551 |
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$ |
— |
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$ |
— |
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$ |
551 |
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Issuance of common stock upon exercise of
stock options, net |
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3,333 |
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— |
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6 |
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— |
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— |
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6 |
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Issuance of common stock upon vesting of
restricted stock units |
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266,365 |
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3 |
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(1 |
) |
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— |
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— |
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(1 |
) |
Other comprehensive loss |
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— |
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— |
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— |
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— |
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(57 |
) |
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(57 |
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Net income |
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— |
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— |
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— |
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723 |
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— |
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|
723 |
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Balance as of March 31, 2026 |
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45,482,009 |
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$ |
454 |
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$ |
128,391 |
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$ |
(125,998 |
) |
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$ |
635 |
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$ |
3,028 |
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Share-based compensation expense |
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— |
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$ |
— |
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$ |
269 |
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$ |
— |
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$ |
— |
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$ |
269 |
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Issuance of common stock upon exercise of
stock options, net |
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60,000 |
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$ |
102 |
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102 |
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Other comprehensive loss |
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— |
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— |
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— |
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— |
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(42 |
) |
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(42 |
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Net loss |
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— |
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— |
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— |
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(4,677 |
) |
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— |
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(4,677 |
) |
Balance as of June 30, 2026 |
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45,542,009 |
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$ |
454 |
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$ |
128,762 |
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$ |
(130,675 |
) |
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$ |
593 |
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$ |
(1,320 |
) |
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Common Stock |
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Shares |
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Par Value
Amount |
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Additional
Paid-in
Capital |
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Accumulated
Deficit |
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Accumulated
Other
Comprehensive
(Loss) Income |
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Total
Stockholders'
Equity |
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Balance as of September 30, 2024 |
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44,631,030 |
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$ |
446 |
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$ |
125,690 |
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$ |
(107,792 |
) |
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$ |
(335 |
) |
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$ |
17,563 |
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Share-based compensation expense |
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— |
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— |
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|
391 |
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— |
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— |
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391 |
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Issuance of common stock upon exercise
of stock options, net |
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667 |
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— |
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1 |
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— |
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— |
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1 |
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Issuance of common stock upon vesting
of restricted stock units |
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27,666 |
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— |
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— |
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— |
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— |
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— |
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Obligation to issue common stock in Evertel acquisition |
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270,271 |
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3 |
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— |
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— |
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— |
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— |
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Other comprehensive loss |
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— |
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— |
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— |
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— |
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(207 |
) |
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(207 |
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Net loss |
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— |
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— |
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— |
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(4,078 |
) |
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— |
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(4,078 |
) |
Balance as of December 31, 2024 |
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44,929,634 |
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$ |
449 |
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$ |
126,082 |
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$ |
(111,870 |
) |
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$ |
(542 |
) |
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$ |
13,670 |
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Share-based compensation expense |
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— |
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$ |
— |
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$ |
414 |
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$ |
— |
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$ |
— |
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$ |
414 |
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Issuance of common stock upon exercise of
stock options, net |
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23,480 |
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— |
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42 |
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— |
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— |
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|
42 |
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Issuance of common stock upon vesting of
restricted stock units |
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201,390 |
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2 |
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(18 |
) |
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— |
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— |
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(18 |
) |
Other comprehensive income |
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— |
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— |
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— |
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— |
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|
87 |
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87 |
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Net loss |
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— |
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— |
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— |
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(6,139 |
) |
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— |
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(6,139 |
) |
Balance as of March 31, 2025 |
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45,154,504 |
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$ |
451 |
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$ |
126,520 |
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$ |
(118,009 |
) |
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$ |
(455 |
) |
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$ |
8,056 |
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Share-based compensation expense |
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— |
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$ |
— |
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$ |
459 |
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$ |
— |
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$ |
— |
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$ |
459 |
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Other comprehensive income |
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— |
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— |
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— |
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— |
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1,131 |
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1,131 |
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Net loss |
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— |
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— |
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— |
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(6,487 |
) |
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— |
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(6,487 |
) |
Balance as of June 30, 2025 |
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45,154,504 |
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$ |
451 |
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$ |
126,979 |
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$ |
(124,496 |
) |
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$ |
676 |
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$ |
3,159 |
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Preferred Stock The Company is authorized under its certificate of incorporation and bylaws to issue 5,000,000 shares of preferred stock, $0.00001 par value, without any further action by the stockholders. The board of directors has the authority to divide any and all shares of preferred stock into series and to fix and determine the relative rights and preferences of the preferred stock, such as the designation of series and the number of shares constituting such series, dividend rights, redemption and sinking fund provisions, liquidation and dissolution preferences, conversion or exchange rights and voting rights, if any. Issuance of preferred stock by the board of directors could result in such shares having dividend and or liquidation preferences senior to the rights of the holders of common stock and could dilute the voting rights of the holders of common stock. No shares of preferred stock were outstanding as of June 30, 2026 or September 30, 2025. Dividends There were no dividends declared in the nine months ended June 30, 2026 and 2025.
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