LEASES

3 Months Ended

Dec. 31, 2025

Leases [Abstract]

LEASES

10. LEASES

Leases

The Company leases office and research and development facility space under non-cancelable operating leases for various terms through 2031. Certain lease agreements include renewal options, rent abatement periods, and rental increases throughout the term. As of December 31, 2025, the Company had operating right-of-use (“ROU”) assets of $2.4 million. As of December 31, 2025, total operating lease liabilities of $2.8 million were comprised of current lease liabilities of $0.9 million and non-current lease liabilities of $1.9 million. As of September 30, 2025, the Company had operating ROU assets of $2.6 million. As of September 30, 2025, total operating lease liabilities of $3.0 million were comprised of current lease liabilities of $0.9 million and non-current lease liabilities of $2.1 million.

The following table provides the components of lease cost recognized in the consolidated statements of operations and comprehensive income (loss) for the periods presented (amounts in thousands):

	Three Months Ended December 31,
	2025		2024
Operating lease costs	$	210	$	182
Short-term lease costs	117		151
Variable lease costs	95		19
Total lease costs	$	422	$	352

Supplemental cash flow information related to leases was as follows (amounts in thousands):

	Three Months Ended December 31,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities	$	255	$	150

Other information related to leases as of the balance sheet dates presented was as follows:

	Three Months Ended December 31,
	2025		2024
Weighted-average remaining lease term (years) - operating leases	3.8		4.8
Weighted-average discount rate - operating leases	7.8	%	5.2	%

Maturities of operating lease liabilities as of December 31, 2025 were as follows (amounts in thousands):

	Operating Leases
Remaining 2026	$	826
2027	990
2028	479
2029	314
2030	323
2031 and thereafter	287
Total lease payments	3,219
Less: amount representing interest	(450)
Present value of future lease payments	$	2,769