v3.26.1
Property, and Equipment
 9 Months Ended
Jun. 30, 2026
Property, and Equipment [Abstract]  
Property, and Equipment

NOTE 6: Property, and Equipment

 

Property and equipment, net is stated at cost less accumulated depreciation and amortization and is depreciated using the straight-line method over the estimated useful lives of the assets. Estimated useful lives of equipment are two to six years; buildings are depreciated over their estimated useful lives of 39 years; and leasehold improvements are measured by the shorter of the remaining terms of the leases or the estimated useful economic lives of the improvements.

 

Property and equipment, as of June 30, 2026 and September 30, 2025 are as follows:

 

    June 30,     September 30,  
    2026     2025  
Furniture, fixtures & equipment   $ 1,723     $ 1,435  
Equipment held for lease     820       536  
Leasehold improvements     134       4  
Building     19,114       2,973  
Land     6,015       1,109  
      27,806       6,057  
Accumulated depreciation     (625 )     (263 )
Property and equipment, net   $ 27,181     $ 5,794  

 

Depreciation expenses for the nine months ended June 30, 2026 and June 30, 2025 were $362 and $106, respectively. Depreciation expenses for the three months ended June 30, 2026 and June 30, 2025 were $136 and $53, respectively.

 

During the three months ended June 30, 2026, we completed the acquisition of a building located at 9530 S. Rainbow Blvd., Las Vegas, Nevada. The building has approximately 79,325 square feet and was acquired for a total purchase price of $21,047, which was paid in cash. The transaction closed on May 29, 2026 and was accounted for as an asset acquisition. The purchase price was allocated between land and building based on their relative fair values. The building will be depreciated on a straight-line basis over its estimated useful life once it is placed into service. As of June 30,2026, the building has not yet been placed into service.