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8. LEASES (Tables)
9 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Lease costs

The Company's lease costs recognized during the nine months ended June 30, 2023 and 2022 in the unaudited 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,
2023

 

 

June 30,
2022

 

 

June 30,
2023

 

 

June 30,
2022

 

Operating lease cost (1)

 

$

62

 

 

$

194

 

 

$

221

 

 

$

250

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense of financed assets

 

$

37

 

 

$

94

 

 

$

156

 

 

$

284

 

Interest on lease obligations

 

$

20

 

 

$

9

 

 

$

30

 

 

$

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,
2023

 

 

June 30,
2022

 

Cash paid for amounts included in
   measurement of lease obligations:

 

 

 

 

 

 

Operating cash outflows from operating leases

 

$

240

 

 

$

237

 

Operating cash outflows from finance leases

 

$

30

 

 

$

237

 

Financing cash outflows from finance leases

 

$

249

 

 

$

448

 

Weighted-average Remaining Lease Terms

 

June 30,
2023

 

 

September 30,
2022

 

Weighted-average remaining lease term -
   operating leases

 

4.0 years

 

 

3.2 years

 

Weighted-average remaining lease term -
   finance leases

 

2.1 years

 

 

1.5 years

 

Weighted-average discount rate - operating leases

 

 

5.40

%

 

 

4.50

%

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, 2023:

 

($ in thousands)

Fiscal Year

 

Operating
Leases

 

 

Finance
Leases

 

Remainder of Fiscal 2023

 

$

67

 

 

$

54

 

2024

 

 

214

 

 

 

134

 

2025

 

 

201

 

 

 

9

 

2026

 

 

204

 

 

 

 

2027

 

106

 

 

 

 

Thereafter

 

 

32

 

 

 

 

Gross lease liabilities

 

 

824

 

 

 

197

 

Less: imputed interest

 

 

(72

)

 

 

(6

)

Present value of lease liabilities

 

$

752

 

 

$

191

 

Less: Current portion of lease liabilities

 

 

(194

)

 

 

(168

)

Total lease liabilities, net of current portion

 

$

558

 

 

$

23