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Commitments and Contingencies
 6 Months Ended
Mar. 31, 2024
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 2025. 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 months in advance.    

 

The components of leases and lease costs are as follows:

 

Operating leases  As of
March 31,
2024		   As of
September 30,
2023		 
Operating lease right-of-use assets  $258   $315 
Operating lease liabilities, current portion  $167   $161 
Operating lease liabilities, non-current portion   91    154 
Total operating lease liabilities  $258   $315 

 

Operating leases  Six Months
Ended
March 31,
2024		   Six Months
Ended
March 31,
2023		 
Operating lease cost  $           98   $            120 

 

Future minimum lease payments under these leases as of March 31, 2024 are approximately as follows:

 

Fiscal year  Amount 
Reminder of 2024  $146 
2025   125 
2026   22 
Total future minimum lease payments  $293 

 

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 March 31, 2024, there were no matters which would have a material impact on our financial results.