v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Sep. 30, 2025
Current assets    
Cash $ 2,142 $ 3,273
Accounts receivable, net 760 1,414
Inventory 1,462 1,435
Prepaid expenses and other current assets 1,666 593
Total current assets 6,030 6,715
Property and equipment, net 208 328
Intangible assets, net 12,324 13,519
Goodwill 16,066 16,066
Operating lease right-of-use assets 159 370
Other assets 147 115
Total assets 34,934 37,113
Current liabilities    
Accounts payable 5,032 8,981
Accrued expenses and other current liabilities 9,114 11,122
Deferred purchase consideration 2,093 2,323
Notes payable – measured at fair value, current 3,360
Operating lease liabilities, current 156 274
Total current liabilities 22,147 27,786
Notes payable – related parties, noncurrent 1,099
Earnout liability 280 1,240
Deferred tax liability 299 321
Operating lease liabilities, noncurrent 3 96
Liability-classified warrants 3,047 6,859
Other noncurrent liabilities 935 48
Total liabilities 26,711 37,449
Commitments and contingencies (Note 9)
Preferred Stock, $0.00001 par value, of which 20,000 shares have been designated as Series A 10% Convertible Preferred Stock; 2,000 and no shares issued and outstanding at June 30, 2026 and September 30, 2025, respectively 1,975
Stockholders’ equity (deficit)    
Additional paid-in capital 189,609 150,252
Accumulated deficit (183,361) (150,588)
Total stockholders’ equity (deficit) 6,248 (336)
Total liabilities, preferred stock and stockholders’ equity (deficit) 34,934 37,113
Common Class A [Member]    
Stockholders’ equity (deficit)    
Common stock, value
Common Class B [Member]    
Stockholders’ equity (deficit)    
Common stock, value
Nonrelated Party [Member]    
Current liabilities    
Notes payable, current 995 3,934
Related Party [Member]    
Current liabilities    
Notes payable, current $ 1,397 $ 1,152