v3.24.1.u1
Income Taxes (Tables)
12 Months Ended
Sep. 30, 2023
Income Taxes [Abstract]  
Schedule of Provision for Income Taxes Substantially all of the Company’s pretax income was generated in the United States. The provision for income taxes consists of the following:
 

Year ended September 30,

   

2023

 

2022

Current

 

 

   

 

 

 

Federal

 

$

—

 

$

—

 

State

 

 

1

 

 

1

 

Total current

 

 

1

 

 

1

 

   

 

   

 

 

 

Deferred

 

 

   

 

 

 

Federal

 

 

66

 

 

(274

)

State

 

 

—

 

 

—

 

Total deferred

 

 

66

 

 

(274

)

Provision (benefit) for income taxes

 

$

67

 

$

(273

)

Schedule of Loss before Income Taxes Rate The provision for income taxes differs from the amount computed by applying the U.S. federal statutory rate of 21% to the Company’s loss before income taxes as follows:
 

Year ended September 30,

   

2023

 

2022

Income tax benefit computed at the U.S. federal statutory rate

 

$

(8,306

)

 

$

(5,070

)

State and local income tax benefits, net of federal benefit

 

 

(1,498

)

 

 

(481

)

Change in valuation allowance

 

 

7,936

 

 

 

4,856

 

Non-deductible transaction costs

 

 

635

 

 

 

351

 

Fair value of warrants issued to lenders

 

 

470

 

 

 

—

 

Research and development credits

 

 

58

 

 

 

(58

)

State tax rate change

 

 

(22

)

 

 

(148

)

Other

 

 

794

 

 

 

277

 

Provision (benefit) for income taxes

 

$

67

 

 

$

(273

)

Schedule of Deferred Tax Liabilities Deferred tax liabilities, net consist of the following:
 

September 30,

   

2023

 

2022

Deferred tax assets:

 

 

 

 

 

 

 

 

Net operating losses

 

$

8,268

 

 

$

4,953

 

Section 174 capitalized costs

 

 

2,832

 

 

 

1,548

 

Stock-based compensation

 

 

3,632

 

 

 

620

 

Research and development credits

 

 

—

 

 

 

398

 

Lease liabilities

 

 

376

 

 

 

—

 

Interest limitation

 

 

—

 

 

 

134

 

Accrued liabilities

 

 

581

 

 

 

135

 

Other

 

 

137

 

 

 

24

 

Total gross deferred tax assets

 

 

15,826

 

 

 

7,812

 

Valuation allowance

 

 

(14,287

)

 

 

(6,351

)

Net deferred tax assets

 

 

1,539

 

 

 

1,461

 

   

 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

 

 

 

Intangible asset amortization

 

 

(1,245

)

 

 

(1,399

)

Fixed asset depreciation

 

 

(137

)

 

 

(44

)

Operating lease ROU assets

 

 

(243

)

 

 

—

 

Other

 

 

—

 

 

 

(38

)

Total gross deferred tax liabilities

 

 

(1,625

)

 

 

(1,481

)

Deferred tax liabilities, net

 

$

(86

)

 

$

(20

)