LEASES	12 Months Ended
Sep. 30, 2024
Leases
LEASES	NOTE 8 - LEASES On December 10, 2021, we entered into a lease for approximately 500 square feet of office space at 146 Main Street in Worcester, Massachusetts, with the option to renew annually for three twelve-month periods through December 2025. The annual renewal date is January 1^st. Our current lease payment is $967 per month. The lease allows for a 2% increase effective at the beginning of each renewal period. Operating lease payments are included in cash outflows from operating activities on our consolidated statements of cash flows. Operating lease expenses were $12 thousand and $10 thousand for the fiscal years ended September 30, 2024, and 2023, respectively. We have made an accounting policy election not to apply the recognition requirements of ASC Topic 842 (Leases) to short-term leases (leases with a term of one year or less at the commencement date of the lease). Lease expense for short-term lease payments is recognized on a straight-line basis over the lease term. We do not have any long-term operating leases or financing leases as of September 30, 2024. We expect to pay approximately $12 thousand over the next twelve (12) months for the Worcester lease.

LEASES

12 Months Ended

Sep. 30, 2024

NOTE 8 - LEASES

On December 10, 2021, we entered into a lease for approximately 500 square feet of office space at 146 Main Street in Worcester, Massachusetts, with the option to renew annually for three twelve-month periods through December 2025. The annual renewal date is January 1^st. Our current lease payment is $967 per month. The lease allows for a 2% increase effective at the beginning of each renewal period.

Operating lease payments are included in cash outflows from operating activities on our consolidated statements of cash flows.

Operating lease expenses were $12 thousand and $10 thousand for the fiscal years ended September 30, 2024, and 2023, respectively.

We have made an accounting policy election not to apply the recognition requirements of ASC Topic 842 (Leases) to short-term leases (leases with a term of one year or less at the commencement date of the lease). Lease expense for short-term lease payments is recognized on a straight-line basis over the lease term. We do not have any long-term operating leases or financing leases as of September 30, 2024.

We expect to pay approximately $12 thousand over the next twelve (12) months for the Worcester lease.