DEBT

6 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

DEBT

DEBT

Insurance Premium Financing

In March 2025, the Company entered into a short-term financing agreement with a third-party to finance the Company’s directors and officers insurance premium in the amount of $183,000, with a term of 11 months and an annual interest rate of 9.4%. The Company made a down payment of $15,000 and is required to make monthly principal and interest payments of $16,000 over the term of the agreement, which matures in February 2026. As of March 31, 2025, the insurance premium financing liability was $153,000 and is included in “Other current liabilities” in the accompanying Condensed Consolidated Balance Sheets.