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Commitments and Contingencies
 3 Months Ended
Dec. 31, 2023
Commitments and Contingencies [Abstract]  
Commitments and contingencies

NOTE 7: Commitments and contingencies

 

Leases

 

We lease office facilities under noncancelable operating lease agreements. We lease space for our corporate headquarters in Las Vegas, Nevada through August 2027, and a second office space in Austin, Taxes through April 2024. In addition, our ClouTea store in Las Vegas currently operates under a lease which expires in January 2024. Afterwards, the lease will be month to month, which allows for ongoing adaptability while guaranteeing our market presence. While this arrangement grants the landlord the option to terminate with a two-month notice, it also affords us similar flexibility to adjust as needed. The landlord may choose to terminate the lease by sending a notice two month in advance.    

 

The components of leases and lease costs are as follows:

 

Operating leases  As of December 31, 2023   As of September 30, 2022 
Operating lease right-of-use assets  $     256   $         315 
Operating lease liabilities, current portion  $130   $161 
Operating lease liabilities, non-current portion   126    154 
Total operating lease liabilities  $256   $315 

 

Operating leases  Three Months Ended
December 31,
2023		   Three Months Ended December 31,
2022		 
Operating lease cost  $      90   $       37 

 

Future minimum lease payments under these leases as of December 31, 2023 are approximately as follows:

 

Fiscal year  Amount 
Reminder of 2024  $114 
2025   116 
2026   50 
Total future minimum lease payments  $280 

 

Legal Proceedings

 

From time to time, in the ordinary course of business, we are subject to litigation and regulatory examinations as well as information gathering requests, inquiries and investigations. As of December 31, 2023, there were no matters which would have a material impact on our financial results.