Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Sep. 30, 2025
CURRENT ASSETS:    
Cash $ 20,149 $ 21,364
Accounts receivable, less allowances ($71 and $76, respectively) 8,836 9,695
Prepaid expenses and other current assets 498 622
Total current assets 29,483 31,681
Property and equipment, net 312 354
Goodwill 24,759 24,759
Intangible assets, net 560 620
Right-of-use assets 3,673 2,443
Other long-term assets 156 140
TOTAL ASSETS 58,943 59,997
CURRENT LIABILITIES:    
Accounts payable 1,126 1,392
Accrued compensation 2,898 4,519
Current operating lease liabilities 1,006 986
Current portion of notes payable 0 196
Other current liabilities 510 595
Total current liabilities 5,540 7,688
Deferred taxes, net 262 262
Noncurrent operating lease liabilities 2,972 1,829
Notes payable 196 196
Other long-term liabilities 0 12
Total liabilities 8,970 9,987
SHAREHOLDERS' EQUITY:    
Common stock, no-par value; authorized - 200,000 shares; 114,900 shares issued and 110,006 shares outstanding at December 31, 2025 and 114,900 shares issued and 109,413 shares outstanding at September 30, 2025 113,444 113,675
Accumulated deficit (60,629) (60,479)
Treasury stock; at cost - 4,895 shares at December 31, 2025 and 5,487 shares at September 30, 2025 (2,842) (3,186)
Total shareholders' equity 49,973 50,010
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 58,943 $ 59,997