v3.24.2.u1
10. LEASES (Tables)
 9 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Lease Costs

The Company's lease costs recognized during the nine months ended June 30, 2024 and 2023 in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss consist of the following:

 

 

 

For the three months ended

 

 

For the nine months ended

 

 ($ in thousands)

 

June 30,
2024

 

 

June 30,
2023

 

 

June 30,
2024

 

 

June 30,
2023

 

Operating lease cost (1)

 

$

47

 

 

$

62

 

 

$

140

 

 

$

221

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense of financed assets

 

$

27

 

 

$

37

 

 

$

109

 

 

$

156

 

Interest on lease obligations

 

$

1

 

 

$

20

 

 

$

3

 

 

$

30

 

(1) Included in general and administrative expenses
Other Lease Information

Other lease information is as follows:

 

 

 

For the nine months ended

 

 ($ in thousands)

 

June 30,
2024

 

 

June 30,
2023

 

Cash paid for amounts included in
   measurement of lease obligations:

 

 

 

 

 

 

Operating cash outflows from operating leases

 

$

161

 

 

$

240

 

Operating cash outflows from finance leases

 

$

3

 

 

$

30

 

Financing cash outflows from finance leases

 

$

117

 

 

$

249

 
Weighted-average Remaining Lease Terms

 

June 30,
2024

 

 

September 30,
2023

 

Weighted-average remaining lease term -
   operating leases

 

7.1 years

 

 

4.0 years

 

Weighted-average remaining lease term -
   finance leases

 

0.4 years

 

 

2.1 years

 

Weighted-average discount rate - operating leases

 

 

6.80

%

 

 

5.40

%

Weighted-average discount rate - finance leases

 

 

5.50

%

 

 

5.50

%
Contractual Maturity of Lease Liability

The following is a schedule of the Company's lease liabilities by contractual maturity as of June 30, 2024:

 

($ in thousands)

Fiscal Year

 

Operating
Leases

 

 

Finance
Leases

 

Remainder of 2024

 

$

103

 

 

$

14

 

2025

 

 

296

 

 

 

9

 

2026

 

 

299

 

 

 

—

 

2027

 

 

204

 

 

 

—

 

2028

 

142

 

 

 

—

 

Thereafter

 

 

781

 

 

 

—

 

Gross lease liabilities

 

 

1,825

 

 

 

23

 

Less: imputed interest

 

 

(906

)

 

 

—

 

Present value of lease liabilities

 

$

919

 

 

$

23

 

Less: Current portion of lease liabilities

 

 

(198

)

 

 

(23

)

Total lease liabilities, net of current portion

 

$

721

 

 

$

—