Equity and Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes our stock option activity during the six months ended March 31, 2025:

	Options			Weighted Average Exercise Price
Outstanding at beginning of period		1,087,016		$	6.97
Granted		10,000			5.55
Exercised		(30,187	)		4.97
Forfeited		(91,380	)		8.29
Outstanding at end of period		975,449		$	6.89
Exercisable at end of period		641,337		$	7.18
Weighted average fair value of options granted during the period	$	3.06

Schedule of Fair Value of Stock Option Using Black-Scholes Option Pricing Model

The fair value of options was estimated at the applicable grant date using the Black-Scholes option pricing model with the following assumptions:

	Six Months Ended March 31,
	2025			2024
Risk free interest rate		4	%		4	%
Expected term	5 years			5 years
Dividend rate		—	%		—	%
Volatility		61	%		60	%

Summary of RSU activity

The following table summarizes our RSU activity during the six months ended March 31, 2025:

	Number			Weighted Average Grant Date Fair Value
Nonvested at beginning of year		24,897		$	4.82
Granted		207,524			4.98
Released		(24,897	)		4.82
Forfeited		—			—
Nonvested at end of period		207,524		$	4.98