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Leases (Tables)
12 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Schedule of Financial Statement Classification of Lease Balances Within Consolidated Balance Sheets

The following table provides information about the financial statement classification of our lease balances reported within the Consolidated Balance Sheets as of September 30, 2021 and 2020, in thousands:

 

 

 

September 30,
2021

 

 

September 30,
2020

 

Assets

 

 

 

 

 

 

Operating lease assets

 

$

8,646

 

 

$

5,124

 

Finance lease assets

 

 

174

 

 

 

26

 

Total lease assets

 

$

8,820

 

 

$

5,150

 

Liabilities

 

 

 

 

 

 

Current

 

 

 

 

 

 

Operating lease liabilities

 

$

470

 

 

$

113

 

Finance lease liabilities

 

 

61

 

 

 

11

 

Non-current

 

 

 

 

 

 

Operating lease liabilities

 

 

8,279

 

 

 

5,048

 

Finance lease liabilities

 

 

110

 

 

 

16

 

Total lease liabilities

 

$

8,920

 

 

$

5,188

 

Schedule of Financial Statement Classification of Lease Expenses Reported in Consolidated Statements of Operations

The following table provides information about the financial statement classification of our lease expenses reported in the Consolidated Statements of Operations for the years ended September 30, 2021 and 2020, in thousands:

 

 

 

 

 

Years Ended September 30,

 

Lease cost

 

Classification

 

2021

 

 

2020

 

Operating lease cost

 

Cost of sales

 

$

536

 

 

$

208

 

Operating lease cost

 

Selling, general and administrative expenses

 

 

256

 

 

 

84

 

Finance lease cost

 

Cost of sales

 

 

5

 

 

 

16

 

Finance lease cost

 

Selling, general and administrative expenses

 

 

17

 

 

 

8

 

Short-term lease cost

 

Cost of sales

 

 

191

 

 

 

164

 

Total lease cost

 

 

 

$

1,005

 

 

$

480

 

Future Minimum Lease Payments Under Non-cancelable Leases Including Leases

Future minimum lease payments under non-cancelable leases as of September 30, 2021 are as follows, in thousands:

 

 

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

2022

 

$

1,060

 

 

$

66

 

 

$

1,126

 

2023

 

 

1,053

 

 

 

66

 

 

 

1,119

 

2024

 

 

1,037

 

 

 

48

 

 

 

1,085

 

2025

 

 

1,022

 

 

 

 

 

 

1,022

 

2026

 

 

906

 

 

 

 

 

 

906

 

Thereafter

 

 

8,825

 

 

 

 

 

 

8,825

 

Total lease payments

 

 

13,903

 

 

 

180

 

 

 

14,083

 

Less: Interest

 

 

5,154

 

 

 

9

 

 

 

5,163

 

Present value of lease liabilities

 

$

8,749

 

 

$

171

 

 

$

8,920

 

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied as of September 30, 2021:

 

 

 

September 30,
2021

 

Weighted average remaining lease term

 

 

 

Operating leases

 

16.92 years

 

Finance leases

 

2.79 years

 

Weighted average discount rate

 

 

 

Operating leases

 

 

4.17

%

Finance leases

 

 

4.17

%