Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Sep 30, 2025 | FY 2024Sep 30, 2024 | FY 2023Sep 30, 2023 | FY 2022Sep 30, 2022 | FY 2021Sep 30, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 63.6M | 44.6M | 43.4M | 15.6M | -- |
| Operating Revenue | 63.6M | 44.0M | 42.4M | 15.3M | -- |
| Cost Of Revenue | 44.1M | 30.9M | 32.2M | 12.4M | -- |
| Gross Profit | 19.5M | 13.7M | 11.2M | 3.2M | -- |
| Selling General And Administration | 8.4M | 9.0M | 6.8M | 7.4M | -- |
| General And Administrative Expense | 5.4M | 6.1M | 4.9M | 6.3M | -- |
| Research And Development | 4.4M | 3.0M | 3.4M | 3.4M | -- |
| Depreciation And Amortization In Income Statement | 1.5M | 1.2M | 907,000 | 503,000 | -- |
| Other Operating Expenses | -339,000 | -342,000 | -1.1M | -860,000 | -- |
| Operating Expense | 13.9M | 12.9M | 10.0M | 10.5M | -- |
| Operating Income | 5.5M | 729,000 | 1.2M | -7.3M | -- |
| EBIT | 3.9M | 1.7M | 341,000 | -6.9M | -- |
| Interest Expense | 2.6M | 3.2M | 2.5M | 2.3M | -- |
| Interest Expense Non Operating | 2.6M | 3.2M | 2.5M | 2.3M | -- |
| Net Interest Income | -2.8M | -3.7M | -2.8M | -3.0M | -- |
| Other Income Expense | -1.5M | 1.5M | -526,000 | 1.1M | -- |
| Gain On Sale Of Security | -1.5M | 1.5M | -526,000 | 1.1M | -- |
| Pretax Income | 1.3M | -1.5M | -2.2M | -9.2M | -- |
| Tax Provision | -2.1M | 0.00 | -679,000 | 0.00 | -- |
| Tax Effect Of Unusual Items | -221,250 | 0.00 | -165,502 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| Net Income From Continuing Operation Net Minority Interest | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| Net Income Including Noncontrolling Interests | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| Net Income Common Stockholders | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| Net Income | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| EBITDA | 5.4M | 2.9M | 1.2M | -6.4M | -- |
| Normalized EBITDA | 6.9M | 1.4M | 1.8M | -7.5M | -- |
| Reconciled Depreciation | 1.5M | 1.2M | 907,000 | 503,000 | -- |
| Basic EPS | 0.09 | -0.04 | -0.04 | -0.31 | -- |
| Diluted EPS | 0.08 | -0.04 | -0.04 | -0.31 | -- |
| Basic Average Shares | 39.1M | 34.0M | 33.8M | 29.3M | -- |
| Diluted Average Shares | 41.4M | 34.0M | 33.8M | 29.3M | -- |
| Total Unusual Items | -1.5M | 1.5M | -526,000 | 1.1M | -- |
| Total Unusual Items Excluding Goodwill | -1.5M | 1.5M | -526,000 | 1.1M | -- |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.31 | 0.00 | -- |
| Normalized Income | 4.6M | -3.0M | -1.1M | -10.3M | -- |
| Amortization | -- | -- | -- | 399,000 | 319,000 |
| Amortization Of Intangibles Income Statement | -- | -- | -- | 399,000 | 319,000 |
| Depreciation Amortization Depletion Income Statement | 1.5M | 1.2M | 907,000 | 503,000 | -- |
| Depreciation Income Statement | -- | -- | 907,000 | 503,000 | -- |
| Diluted NI Availto Com Stockholders | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| Net Income Continuous Operations | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| Net Non Operating Interest Income Expense | -2.8M | -3.7M | -2.8M | -3.0M | -- |
| Other Gand A | 3.7M | 3.9M | 3.7M | 3.0M | -- |
| Reconciled Cost Of Revenue | 44.2M | 30.9M | 32.2M | 12.4M | -- |
| Salaries And Wages | 1.8M | 2.2M | 1.2M | 3.2M | -- |
| Selling And Marketing Expense | 2.9M | 2.9M | 1.9M | 1.1M | -- |
| Total Expenses | 58.0M | 43.9M | 42.2M | 22.9M | -- |
| Total Operating Income As Reported | 5.5M | 729,000 | 1.2M | -7.3M | -- |
| Total Other Finance Cost | 151,000 | 500,000 | 336,000 | 742,000 | -- |
| Line Item | FY 2025Sep 30, 2025 | FY 2024Sep 30, 2024 | FY 2023Sep 30, 2023 | FY 2022Sep 30, 2022 | FY 2021Sep 30, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 6.4M | 781,000 | 1.0M | 626,000 | -- |
| Cash Cash Equivalents And Short Term Investments | 6.4M | 781,000 | 1.0M | 626,000 | -- |
| Accounts Receivable | 13.7M | 10.5M | 9.1M | 2.9M | -- |
| Receivables | 16.5M | 11.3M | 10.6M | 2.9M | -- |
| Inventory | 12.5M | 9.7M | 8.3M | 7.4M | -- |
| Prepaid Assets | 6.0M | 7.6M | 6.0M | 3.9M | -- |
| Current Assets | 42.0M | 29.4M | 25.9M | 14.8M | -- |
| Gross PPE | 17.8M | 13.8M | 12.8M | 9.0M | -- |
| Accumulated Depreciation | -4.8M | -3.9M | -2.6M | -1.7M | -- |
| Net PPE | 13.0M | 10.0M | 10.1M | 7.3M | -- |
| Total Non Current Assets | 22.0M | 10.1M | 10.6M | 7.4M | -- |
| Total Assets | 63.9M | 39.5M | 36.5M | 22.2M | -- |
| Current Debt | -- | 18.4M | 16.3M | 17.3M | 8.6M |
| Current Debt And Capital Lease Obligation | 358,000 | 18.9M | 16.7M | 17.4M | -- |
| Accounts Payable | 6.8M | 7.0M | 6.0M | 3.1M | -- |
| Payables | 7.5M | 7.7M | 7.2M | 4.7M | -- |
| Payables And Accrued Expenses | 9.6M | 9.5M | 8.4M | 5.2M | -- |
| Current Accrued Expenses | 2.0M | 1.7M | 1.2M | 545,000 | -- |
| Current Deferred Revenue | -- | -- | -- | 70,000 | 1.0M |
| Other Current Liabilities | 144,000 | 155,000 | 1.5M | -- | -- |
| Current Liabilities | 10.1M | 28.5M | 26.6M | 22.7M | -- |
| Long Term Debt | 20.7M | -- | -- | 3.5M | -- |
| Long Term Debt And Capital Lease Obligation | 22.2M | 1.9M | 2.3M | 5.7M | -- |
| Long Term Capital Lease Obligation | 1.5M | 1.9M | 2.3M | 2.2M | -- |
| Total Non Current Liabilities Net Minority Interest | 22.7M | 2.4M | 2.8M | 6.2M | -- |
| Total Liabilities Net Minority Interest | 32.8M | 30.9M | 29.4M | 28.9M | -- |
| Common Stock | 134.9M | 116.4M | 115.0M | 103.3M | -- |
| Capital Stock | 134.9M | 116.4M | 115.0M | 103.3M | -- |
| Additional Paid In Capital | 11.5M | 10.9M | 9.2M | 8.1M | -- |
| Retained Earnings | -125.9M | -129.2M | -127.8M | -129.0M | -- |
| Gains Losses Not Affecting Retained Earnings | 5.9M | 5.8M | 5.9M | 6.1M | -- |
| Other Equity Adjustments | 5.9M | 5.8M | 5.9M | 6.1M | -- |
| Common Stock Equity | 31.1M | 8.6M | 7.1M | -6.7M | -- |
| Stockholders Equity | 31.1M | 8.6M | 7.1M | -6.7M | -- |
| Total Equity Gross Minority Interest | 31.1M | 8.6M | 7.1M | -6.7M | -- |
| Total Capitalization | 51.9M | 8.6M | 7.1M | -3.2M | -- |
| Net Tangible Assets | 31.1M | 8.6M | 7.1M | -6.7M | -- |
| Tangible Book Value | 31.1M | 8.6M | 7.1M | -6.7M | -- |
| Working Capital | 31.9M | 887,000 | -705,000 | -7.9M | -- |
| Invested Capital | 51.9M | 27.0M | 23.4M | 14.0M | -- |
| Total Debt | 22.6M | 20.8M | 19.0M | 23.1M | -- |
| Net Debt | 14.4M | 17.7M | 15.3M | 20.1M | -- |
| Share Issued | 42.1M | 34.1M | 33.8M | 29.4M | -- |
| Ordinary Shares Number | 42.1M | 34.1M | 33.8M | 29.4M | -- |
| Allowance For Doubtful Accounts Receivable | -82,000 | -64,000 | -257,000 | -54,000 | -- |
| Buildings And Improvements | 7.5M | 7.5M | 3.2M | 2.6M | -- |
| Capital Lease Obligations | 1.8M | 2.3M | 2.7M | 2.4M | -- |
| Construction In Progress | 2.0M | 0.00 | -- | -- | -- |
| Current Capital Lease Obligation | 358,000 | 471,000 | 389,000 | 164,000 | -- |
| Current Deferred Liabilities | -- | -- | -- | 70,000 | 1.0M |
| Current Notes Payable | 0.00 | 519,000 | 1.0M | 4.4M | -- |
| Duefrom Related Parties Current | -- | -- | -- | 374,000 | 0.00 |
| Dueto Related Parties Current | -- | -- | 0.00 | 531,000 | -- |
| Finished Goods | 1.1M | 941,000 | 1.5M | 2.4M | -- |
| Gross Accounts Receivable | 13.8M | 10.6M | 9.4M | 2.9M | -- |
| Land And Improvements | 215,000 | 215,000 | 7.7M | 5.1M | -- |
| Leases | 329,000 | 76,000 | 76,000 | 39,000 | -- |
| Line Of Credit | 0.00 | 16.3M | 11.8M | 11.6M | -- |
| Machinery Furniture Equipment | 120,000 | 105,000 | 73,000 | 56,000 | -- |
| Non Current Deferred Assets | 2.1M | 0.00 | -- | -- | -- |
| Non Current Deferred Taxes Assets | 2.1M | 0.00 | -- | -- | -- |
| Non Current Prepaid Assets | 6.9M | 90,000 | 459,000 | 88,000 | -- |
| Other Current Borrowings | -- | 1.6M | 3.5M | 1.3M | 4.7M |
| Other Equity Interest | 4.7M | 4.7M | 4.7M | 4.7M | -- |
| Other Payable | 776,000 | 704,000 | 1.2M | 1.0M | -- |
| Other Properties | 7.6M | 6.0M | 1.7M | 1.2M | -- |
| Other Receivables | 2.8M | 779,000 | 1.5M | 51,000 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Raw Materials | 11.3M | 8.4M | 6.6M | 4.2M | -- |
| Restricted Cash | 656,000 | 0.00 | -- | -- | -- |
| Tradeand Other Payables Non Current | 525,000 | 495,000 | 419,000 | 542,000 | -- |
| Work In Process | 0.00 | 324,000 | 165,000 | 755,000 | -- |
| Line Item | FY 2025Sep 30, 2025 | FY 2024Sep 30, 2024 | FY 2023Sep 30, 2023 | FY 2022Sep 30, 2022 | FY 2021Sep 30, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1.7M | 1.0M | -5.2M | -8.8M | -- |
| Cash Flow From Continuing Operating Activities | 1.7M | 1.0M | -5.2M | -8.8M | -- |
| Depreciation And Amortization | 1.5M | 1.2M | 907,000 | 503,000 | -- |
| Depreciation Amortization Depletion | 1.5M | 1.2M | 907,000 | 503,000 | -- |
| Stock Based Compensation | 1.8M | 2.2M | 1.2M | 3.2M | -- |
| Deferred Tax | -2.1M | 0.00 | -679,000 | -- | -- |
| Deferred Income Tax | -2.1M | 0.00 | -679,000 | -- | -- |
| Change In Working Capital | -7.1M | -2.3M | -8.1M | -6.4M | -- |
| Change In Receivables | -5.2M | -732,000 | -7.8M | -1.6M | -- |
| Change In Inventory | -3.0M | -1.4M | -724,000 | -2.8M | -- |
| Change In Payables And Accrued Expense | 68,000 | 1.6M | 2.6M | 116,000 | -- |
| Change In Payable | 68,000 | 1.6M | 2.6M | 116,000 | -- |
| Change In Other Working Capital | -- | -- | -- | -934,000 | -1.1M |
| Other Non Cash Items | 2.8M | 3.7M | 3.0M | 3.0M | -- |
| Capital Expenditure | -11.2M | -666,000 | -505,000 | -203,000 | -- |
| Purchase Of PPE | -11.2M | -666,000 | -505,000 | -203,000 | -- |
| Net PPE Purchase And Sale | -11.2M | -666,000 | -505,000 | -203,000 | -- |
| Net Investment Purchase And Sale | -- | -541,000 | -398,000 | -9,000 | -- |
| Investing Cash Flow | -12.0M | -666,000 | -903,000 | -212,000 | -- |
| Cash Flow From Continuing Investing Activities | -12.0M | -666,000 | -903,000 | -212,000 | -- |
| Issuance Of Debt | 84.1M | 52.2M | 35.7M | 21.5M | -- |
| Repayment Of Debt | -80.8M | -50.4M | -40.6M | -12.3M | -- |
| Net Issuance Payments Of Debt | 3.4M | 1.8M | -4.9M | 9.2M | -- |
| Issuance Of Capital Stock | 11.6M | 0.00 | 7.2M | 780,000 | -- |
| Net Common Stock Issuance | 11.6M | 0.00 | 7.2M | 780,000 | -- |
| Financing Cash Flow | 15.9M | -629,000 | 6.6M | 7.9M | -- |
| Cash Flow From Continuing Financing Activities | 15.9M | -629,000 | 6.6M | 7.9M | -- |
| Effect Of Exchange Rate Changes | 0.00 | 6,000 | -9,000 | -2.4M | -- |
| Changes In Cash | 5.6M | -257,000 | 415,000 | -1.2M | -- |
| Beginning Cash Position | 781,000 | 1.0M | 626,000 | 4.2M | -- |
| End Cash Position | 6.4M | 781,000 | 1.0M | 626,000 | -- |
| Free Cash Flow | -9.5M | 372,000 | -5.7M | -9.0M | -- |
| Income Tax Paid Supplemental Data | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Interest Paid Supplemental Data | 2.1M | 2.2M | 1.8M | 2.3M | -- |
| Asset Impairment Charge | 0.00 | 51,000 | 0.00 | -- | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Change In Account Payable | -- | -- | 3.1M | 43,000 | -665,000 |
| Change In Prepaid Assets | 1.0M | -1.7M | -2.1M | -2.1M | -- |
| Common Stock Issuance | 11.6M | 0.00 | 7.2M | 780,000 | -- |
| Depreciation | -- | 1.2M | 907,000 | 503,000 | 319,000 |
| Gain Loss On Investment Securities | 915,000 | -1.3M | -- | -- | -- |
| Interest Paid Cff | -2.1M | -2.5M | -2.0M | -2.1M | -- |
| Long Term Debt Issuance | 4.4M | 0.00 | -- | -- | -- |
| Long Term Debt Payments | -732,000 | -735,000 | -707,000 | -744,000 | -- |
| Net Foreign Currency Exchange Gain Loss | 576,000 | -67,000 | 1,000 | -- | -- |
| Net Income From Continuing Operations | 3.4M | -1.5M | -1.5M | -9.2M | -- |
| Net Long Term Debt Issuance | 3.6M | -735,000 | -707,000 | -744,000 | -- |
| Net Other Financing Charges | -1.7M | -55,000 | -28,000 | -17,000 | -- |
| Net Other Investing Changes | -823,000 | -- | -- | -374,000 | -- |
| Net Short Term Debt Issuance | -287,000 | 2.6M | -4.2M | 9.9M | -- |
| Operating Gains Losses | 1.6M | -2.3M | 1,000 | -- | -- |
| Proceeds From Stock Option Exercised | 4.8M | 131,000 | 6.3M | 27,000 | -- |
| Short Term Debt Issuance | 79.8M | 52.2M | 35.7M | 21.5M | -- |
| Short Term Debt Payments | -80.0M | -49.7M | -39.9M | -11.6M | -- |