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Property and equipment and right-of-use assets
9 Months Ended
Jun. 30, 2025
Property and equipment and right-of-use assets  
Property and equipment and right-of-use assets

2.

Property and equipment and right-of-use assets

The property and equipment and right-of-use assets was comprised of the following:

    

    

    

As of

As of

Cost

June 30, 2025

September 30, 2024

Rental equipment

$

66,611

$

64,568

Vehicles

4,022

3,296

Leasehold improvements

 

2,419

 

2,403

Office and technology equipment

 

1,498

 

1,130

Land

 

140

 

160

Buildings

790

930

Projects in process

548

360

Property and equipment, gross

76,028

72,847

Less: accumulated depreciation

(39,601)

(35,462)

Property and equipment, net

$

36,427

$

37,385

Right-of-use assets, real estate

24,687

23,510

Right-of-use assets, vehicles

4,585

5,498

Right-of-use assets, gross

29,272

29,008

Less: accumulated amortization

 

(13,845)

 

(12,533)

Right-of-use assets, net

$

15,427

$

16,475

Rental equipment transferred from inventory during the nine months ended June 30, 2025 and 2024 was $26,897,000 and $24,467,000, respectively. For the nine months ended June 30, 2025 and 2024, the Company obtained equipment loans (as described in Note 5) of $16,192,000 and $19,411,000, respectively. As of June 30, 2025 and 2024, amounts in ending

accounts payable were $1,756,000 and $0, respectively. Remaining rental equipment transferred from inventory of $8,949,000 and $5,056,000 for the nine months ended June 30, 2025 and 2024, respectively, were paid in cash.