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Income taxes
 9 Months Ended
Jun. 30, 2025
Income taxes  
Income taxes

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9. Income taxes

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The Company follows the asset and liability method of accounting for income taxes. Under this method, current income taxes are recognized for the estimated income taxes payable for the current period. Deferred income tax assets and liabilities are recognized for temporary differences between the tax and accounting basis of assets and liabilities as well as for the benefit of losses available to be carried forward to future years and are measured using the current enacted tax rates expected to apply when the differences reverse. The Company considers all positive and negative evidence available to determine whether it is more likely than not that the tax benefit from utilization of the deferred tax assets will ultimately be realized. Based upon that evidence, the Company determined that only a portion of its deferred tax assets will be utilized in the future to offset taxable income generated by the reversal of its deferred tax liabilities, and a valuation allowance has been provided for the remaining deferred tax assets. The provision for income taxes was $35,000 and $99,000 for the three and nine months ended June 30, 2025, and $0 and $483,000 for the three and nine months ended June 30, 2024, respectively, and relates primarily to current state income taxes payable.

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