Annual report [Section 13 and 15(d), not S-K Item 405]

Business Acquisition (Tables)

v3.25.3
Business Acquisition (Tables)
12 Months Ended
Sep. 30, 2025
Business Acquisition  
Schedule of preliminary balance sheet

Assets purchased

 

$ 612

 

Liabilities assumed (a)

 

 

514

 

Net assets purchased

 

 

98

 

Purchase consideration:

Cash paid at closing

 

 

1,100

 

Promissory notes, net

 

 

392

 

Intangible assets from purchase

 

$ 1,394

 

Schedule of allocation of intangible assets

 

 

Fair Value

 

 

Useful Life

 
Customer relationships

 

$ 564

 

 

8 years

 
Tradename

 

 

68

 

 

10 years

 
Non-compete

 

 

11

 

 

2 years

 
Goodwill

 

 

751

 

 

Indefinite

 
Total intangible assets acquired

 

$ 1,394

 

 

 

 
Schedule of pro forma results of operations

 

 

Year Ended September 30,

 

 

 

2025

 

 

2024

 

Net revenues

 

$ 98,092

 

 

$ 112,599

 

Cost of contract services

 

 

64,490

 

 

 

75,683

 

Gross profit

 

 

33,602

 

 

 

36,916

 

Selling, general and administrative expenses

 

 

35,776

 

 

 

40,372

 

Loss from operations

 

 

(34,577 )

 

 

(22,527 )

 

 

 

 

 

 

 

 

 

Basic and diluted loss per share

 

$ (0.32 )

 

$ (0.21 )