Stockholders' Equity

12 Months Ended

Sep. 30, 2025

Equity [Abstract]

Stockholders' Equity

Note 12: Stockholders’ Equity

Series E Convertible Preferred Stock

As of September 30, 2025 and 2024, there were 47,840 shares of Series E Convertible Preferred Stock issued and outstanding. The shares accrue dividends at the rate of 5% per annum on the liquidation preference per share, payable quarterly from legally available funds. The shares carry a cash liquidation preference of $0.30 per share, plus any accrued but unpaid dividends. If such funds are not available, dividends shall continue to accumulate until they can be paid from legally available funds. Holders of the preferred shares are entitled to convert them into shares of our common stock on a 1:0.005 basis together with payment of $85.50 per converted share.

During the years ended September 30, 2025 and 2024, the Company accrued dividends of approximately $720 and $720, respectively. As of September 30, 2025 and 2024, the Company had approximately $180 and $180 in accrued dividends payable to holders of Series E preferred stock.

Common Stock

As of September 30, 2025 and 2024, there were 3,071,656 and 3,131,360 shares of Common Stock issued and outstanding, respectively.

Treasury Stock

For the years ended September 30, 2025 and 2024, the Company purchased 59,704 and 34,624 shares of its common stock on the open market (treasury shares), respectively, for approximately $528,000 and $866,000, respectively. Such shares are recorded on the Company’s Consolidated Balance Sheets as treasury stock.

2014 Omnibus Equity Incentive Plan

On January 7, 2014, our Board of Directors adopted the 2014 Omnibus Equity Incentive Plan (the “2014 Plan”), which authorizes issuance of distribution equivalent rights, incentive stock options, non-qualified stock options, performance stock, performance units, restricted ordinary shares, restricted stock units, stock appreciation rights, tandem stock appreciation rights, and unrestricted ordinary shares to our directors, officer, employees, consultants, and advisors. The Company has reserved up to 300,000 shares of common stock for issuance under the 2014 Plan. The Company’s stockholders approved the 2014 Plan on July 11, 2014.