RELATED PARTY TRANSACTIONS

9 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

Brian Haugli, our Chief Executive Officer, a member of the Board, and a significant stockholder of the Company, is also a principal shareholder of RealCISO Inc. (“RealCISO”). On September 22, 2020, SideChannel assigned to RealCISO certain contracts and intellectual property. We are a reseller of the RealCISO software. We receive revenue from our customers for the use of RealCISO software and pay licensing fees to RealCISO for such use. We paid $20 thousand to RealCISO in the nine months ended June 30, 2024. We paid $36 thousand to RealCISO during the nine months ended June 30, 2023.

We received $119 thousand from RealCISO for software development services that we provided RealCISO during the nine months ended June 30, 2024.

On October 13, 2023, the Association of the US Army (“AUSA”) signed an agreement for a cybersecurity risk assessment for approximately $24 thousand. On February 15, 2024, the President of AUSA, Retired U.S. Army General Robert Brown, joined our Board.

No other material related party transactions occurred during the nine months ended June 30, 2024.