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Share-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of the activity in options to purchase the common stock of the Company as of September 30, 2025, is presented below:

 

Number of Shares

 

 

Weighted Average Exercise Price

 

Outstanding September 30, 2024

 

 

3,695,740

 

 

$

2.84

 

Granted

 

 

1,063,250

 

 

$

2.76

 

Forfeited/expired

 

 

(732,393

)

 

$

3.47

 

Exercised

 

 

(27,481

)

 

$

1.77

 

Outstanding September 30, 2025

 

 

3,999,116

 

 

$

2.71

 

Exercisable September 30, 2025

 

 

1,530,276

 

 

$

2.98

 

Summary of Stock Options Outstanding

The following table summarizes information about stock options outstanding as of September 30, 2025:

 

Range of
Exercise Prices

 

Number
Outstanding

 

 

Weighted Average
Remaining
Contractual Term

 

 

Weighted Average
Exercise
Price

 

 

Number
Exercisable

 

 

Weighted Average
Exercise
Price

 

$1.70 - $1.70

 

 

707,876

 

 

 

5.16

 

 

$

1.70

 

 

 

211,765

 

 

$

1.70

 

$2.20 - $2.45

 

 

40,000

 

 

 

5.67

 

 

$

2.26

 

 

 

12,084

 

 

$

2.25

 

$2.59 - $2.59

 

 

701,750

 

 

 

6.18

 

 

$

2.59

 

 

 

 

 

$

 

$2.64 - $2.68

 

 

85,000

 

 

 

4.75

 

 

$

2.67

 

 

 

48,542

 

 

$

2.67

 

$2.69 - $2.69

 

 

1,000,000

 

 

 

4.02

 

 

$

2.69

 

 

 

200,000

 

 

$

2.69

 

$2.70 - $3.40

 

 

1,127,365

 

 

 

3.06

 

 

$

3.09

 

 

 

958,511

 

 

$

3.15

 

$3.46 - $6.87

 

 

337,125

 

 

 

5.30

 

 

$

3.95

 

 

 

99,374

 

 

$

4.90

 

 

 

3,999,116

 

 

 

4.47

 

 

$

2.71

 

 

 

1,530,276

 

 

$

2.98

 

Summary of Weighted Average Assumptions The weighted average estimated fair value of employee stock options granted, that vest without a market condition, during the years ended September 30, 2025 and 2024, was calculated with the following weighted average assumptions (annualized percentages):

 

 

Years ended

 

 

September 30,

 

 

2025

 

 

2024

 

Volatility

 

 

60.8

%

 

 

58.0

%

Risk-free interest rate

 

 

4.1

%

 

 

4.2

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

Expected term in years

 

 

3.7

 

 

 

4.2

 

Summary of Restricted Stock Units Activity

A summary of restricted stock units of the Company as of September 30, 2025, is presented below:

 

 

 

Number of
Shares

 

 

Weighted
Average Grant
Date Fair Value

 

Outstanding September 30, 2024

 

 

288,059

 

 

$

2.78

 

Granted

 

 

253,816

 

 

$

2.35

 

Vested

 

 

(237,867

)

 

$

2.56

 

Forfeited/cancelled

 

 

(26,666

)

 

$

2.28

 

Outstanding September 30, 2025

 

 

277,342

 

 

$

2.62

 

Summary of Share-based Compensation Expense

The Company recorded share-based compensation expense for restricted stock units and stock options are classified in the consolidated statements of operations as follows:

 

 

Years ended

 

 

September 30,

 

 

2025

 

 

2024

 

Cost of revenues

 

$

75

 

 

$

67

 

Selling, general and administrative

 

 

1,418

 

 

 

1,378

 

Research and development

 

 

170

 

 

 

207

 

 

$

1,663

 

 

$

1,652