LEASES

12 Months Ended

Sep. 30, 2022

LEASES [Abstract]

LEASES

16. LEASES

The Company has operating leases for office and warehouse space in all districts where it conducts business. As of September 30, 2022, the remaining terms of the Company’s operating leases were between one and 60 months and certain lease agreements contain provisions for future rent increases. Payments due under the lease contracts include the minimum lease payments that the Company is obligated to make under the non-cancelable initial terms of the leases as the renewal terms are at the Company’s option and the Company is not reasonably certain to exercise those renewal options at lease commencement.

The components of lease cost for the years ended September 30, 2022 and 2021 are as follows:

	2022		2021
Operating lease cost	$	1,869	$	789
Short-term lease cost		353		240
Total lease cost	$	2,222	$	1,029

Rent expense for the year ended September 30, 2022 and 2021 was $2,222 and $1,029, respectively.

Operating lease right of use assets, current portion of operating lease liabilities and long-term operating lease liabilities reported in the consolidated balance sheets for operating leases as of September 30, 2022 were $5,660, $1,825 and $4,001, respectively.

Operating lease right of use assets, current portion of operating lease liabilities and long-term operating lease liabilities reported in the consolidated balance sheets for operating leases as of September 30, 2021 were $2,936, $1,281 and $1,751, respectively.

During the twelve months ended September 30, 2022 and 2021, the Company entered into new operating leases and recorded an additional $4,397 and $ 1,075, respectively in operating lease right of use assets and corresponding lease liabilities.

As of September 30, 2022 and 2021, the weighted-average remaining lease term and the weighted-average discount rate related to the Company’s operating leases were 4.6 years and 3.05% and 2.9 years and  3.89% respectively.

Cash paid for amounts included in the measurement of operating lease obligations were $1,797 and $785 for the twelve months ended September 30, 2022 and 2021.

Future minimum lease payments under non-cancelable operating leases as of September 30, 2022 are as follows (in thousands):

	Year End September 30, 2022
Fiscal Year 2023	$	1,793
Fiscal Year 2024		1,425
Fiscal Year 2025		1,066
Fiscal Year 2026		617
Fiscal Year 2027		629
Thereafter		696
Total undiscounted loan payments		6,226
Less imputed interest		(400	)
Total lease obligation	$	5,826