v3.26.1
Lease
6 Months Ended
Mar. 31, 2026
Lease  
Lease
10.Lease

 

The balances for the operating leases where the Group is the lessee are presented as follows:

 

   As of September 30,   As of March 31, 
   2025   2026 
       (unaudited) 
Operating lease right-of-use assets  $89   $40 
           
Lease liabilities – current   301    50 
Lease liabilities – non-current   36    12 
Total operating lease liabilities  $337   $62 

 

The components of operating lease expense were as follows:

 

   2025   2026 
   For the six months ended March 31, 
   2025   2026 
   (unaudited)   (unaudited) 
Operating lease expense  $121   $26 
Short-term lease expense   13    - 
Total lease expense  $134   $26 

 

Short-term leases included office leases with a term of 12 months or less.

 

 

AUTOZI INTERNET TECHNOLOGY (GLOBAL) LTD.

NOTES TO THE unaudited INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED MARCH 31, 2025 AND 2026

(In U.S. dollars in thousands, except share and per share data

 

Both operating lease expense and short-term lease expense were recognized in general and administrative expenses and selling expenses.

 

Remaining lease term and discount rate:

 

   As of September 30,   As of March 31, 
   2025   2026 
       (unaudited) 
Weighted average remaining lease term (years)   1.83    1.33 
Weighted average discount rate   3.50%   3.50%

 

The following was a schedule of future minimum payments under the Company’s operating leases as of March 31, 2026:

 

For the fiscal years ended September 30,  Amount 
Remainder of 2026  $51 
2027   13 
Thereafter   - 
Total lease payments   64 
Less: imputed interest   (2)
Present value of lease liabilities  $62 

 

Cash paid for operating leases for the six months ended March 31, 2025 and 2026 were US$198 and US$26, respectively.