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Leases | 9 Months Ended
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Jun. 30, 2025
Leases |
Leases | 9. Leases The Company occasionally acquires equipment under finance leases including hardware and software used by our IT department to improve security and capacity, and certain furniture for our offices. Terms for these leases generally range from two to six years. The assets obtained under finance leases are included in property and equipment, net, on the unaudited condensed consolidated balance sheets. Finance lease expenses such as amortization of the lease assets and interest expense on the lease liabilities are included on the unaudited condensed consolidated statements of operations in depreciation expense and interest expense, respectively. Supplemental information related to these expenses consisted of the following:
|  | Three Months Ended, June 30, |  |  | Nine Months Ended, June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Amortization of finance lease assets |  | $ | 23 |  |  | $ | 23 |  |  | $ | 68 |  |  | $ | 71 |
Interest on finance lease liabilities |  |  | 2 |  |  |  | 5 |  |  |  | 6 |  |  |  | 15 |
Supplemental balance sheet information related to finance leases consisted of the following:
|  | June 30, 2025 |  |  | September 30, 2024 |
Net book value of finance leases |  | $ | 134 |  |  | $ | 202 |
Weighted average remaining lease term for finance leases |  | 1.4 years |  |  | 2.2 years |
Weighted average discount rate for finance leases |  |  | 5.3% |  |  |  | 5.3% |
The table below reconciles the undiscounted future minimum lease payments under non-cancelable finance lease agreements to the total finance lease liabilities recognized on the unaudited condensed consolidated balance sheets, included in other current liabilities and other long-term liabilities, as of June 30, 2025:
Remainder of Fiscal 2025 |  | $ | 18 |
Fiscal 2026 |  |  | 73 |
Fiscal 2027 |  |  | 12 |
Less: Imputed interest |  |  | (4 | )
Present value of finance lease liabilities (a) |  | $ | 99 |
| (a) | Includes current portion of $69 for finance leases.
The Company leases space for all its branch offices, which are generally located either in downtown or suburban business centers, and for its corporate headquarters. Branch offices are generally leased over periods ranging from three to five years. The corporate office lease expires in 2026. The Company’s leases generally provide for payment of basic rent plus a share of building real estate taxes, maintenance costs and utilities. Operating lease expenses included in selling, general, and administrative expenses on the unaudited condensed consolidated statements of operations were $410 and $526 for the three-month periods and $1,329 and $1,525 for the nine-month periods ended June 30, 2025 and 2024, respectively. Supplemental cash flow information related to operating leases consisted of the following:
|  | Nine Months Ended June 30, |
|  | 2025 |  |  | 2024 |
Cash paid for operating lease liabilities |  | $ | 930 |  |  | $ | 1,193 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 488 |  |  |  | 87 |
Supplemental balance sheet information related to operating leases consisted of the following:
|  | June 30, 2025 |  |  | September 30, 2024 |
Weighted average remaining lease term for operating leases |  | 2.4 years |  |  | 2.6 years |
Weighted average discount rate for operating leases |  |  | 5.6% |  |  |  | 5.6% |
The table below reconciles the undiscounted future minimum lease payments under non-cancelable operating lease agreements having initial terms in excess of one year to the total operating lease liabilities recognized on the unaudited condensed consolidated balance sheet as of June 30, 2025, including certain closed offices are as follows:
Remainder of Fiscal 2025 |  | $ | 325 |
Fiscal 2026 |  |  | 1,048 |
Fiscal 2027 |  |  | 893 |
Fiscal 2028 |  |  | 620 |
Fiscal 2029 |  |  | 316 |
Thereafter |  |  | 123 |
Less: Imputed interest |  |  | (227 | )
Present value of operating lease liabilities (a) |  | $ | 3,098 |
| (a) | Includes current portion of $1,050 for operating leases.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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