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SUBSEQUENT EVENTS
6 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

On May 10, 2022, the Company completed an initial public offering (“IPO”) of its common stock and sold 1,275,000 shares of common stock at the public offering price of $21.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to 191,250 additional shares to cover any overallotments. The IPO resulted in gross proceeds of $26.8 million. The net proceeds to the Company, after deducting the underwriting discount and offering expenses is estimated at $24.0 million.