Annual report [Section 13 and 15(d), not S-K Item 405]

Note 16 - Employee Benefit Plans

v3.25.3
Note 16 - Employee Benefit Plans
 12 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Defined Benefit Plan [Text Block]

Note 16 – Employee Benefit Plans

 

Effective January 1, 2018, the Company established a 401(k) plan in which substantially all U.S. employees are eligible to participate. Contributions made by employees are limited to the maximum allowable for U.S. federal income tax purposes. The Company matched employee contributions at a rate of 100% of applicable contributions up to 6% of included compensation. Effective January 1, 2024, the Company paused matching contributions for U.S. employees and effective January 1, 2025, matching contributions for U.S. employees was reinstated at up to 4% of included compensation. Company contributions to the 401(k) plan were approximately $172,000 and $42,000 for the years ended September 30, 2025 and 2024, respectively.