Quarterly report [Sections 13 or 15(d)]

Business Acquisition (Tables)

v3.26.1
Business Acquisition (Tables)
6 Months Ended
Mar. 31, 2026
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 (b)

 

 

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 unaudited historical financial statements

 

 

Three Months

Ended

March 31,

2025

 

 

Six Months

Ended

March 31,

2025

 

Net revenues

 

$ 24,560

 

 

$ 50,108

 

Cost of contract services

 

 

16,178

 

 

 

33,592

 

Gross profit

 

 

8,382

 

 

 

16,516

 

Selling, general and administrative expenses

 

 

9,319

 

 

 

17,896

 

Loss from continuing operations

 

 

(32,949 )

 

 

(33,563 )

 

 

 

 

 

 

 

 

 

Basic and diluted loss per share

 

$ (0.30 )

 

$ (0.31 )