GEE (JOB) 10-Q 13 Feb 25 2025 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Dec. 31, 2024	Feb. 12, 2025
Cover [Abstract]
Entity Registrant Name	GEE GROUP INC.
Entity Central Index Key	0000040570
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Entity Common Stock Shares Outstanding		109,413,244
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-05707
Entity Incorporation State Country Code	IL
Entity Tax Identification Number	36-6097429
Entity Address Address Line 1	7751 Belfort Parkway
Entity Address Address Line 2	Suite 150
Entity Address City Or Town	Jacksonville
Entity Address State Or Province	FL
Entity Address Postal Zip Code	32256
City Area Code	630
Local Phone Number	954-0400
Security 12b Title	Common Stock, no par value
Trading Symbol	JOB
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
CURRENT ASSETS:
Cash	$ 19,694	$ 20,828
Accounts receivable, less allowances ($548 and $568, respectively)	12,334	13,747
Prepaid expenses and other current assets	960	825
Total current assets	32,988	35,400
Property and equipment, net	503	559
Goodwill	46,008	46,008
Intangible assets, net	629	834
Deferred tax assets, net	9,495	9,495
Right-of-use assets	2,932	3,252
Other long-term assets	234	353
TOTAL ASSETS	92,789	95,901
CURRENT LIABILITIES:
Accounts payable	1,733	1,987
Accrued compensation	3,100	5,223
Current operating lease liabilities	1,109	1,195
Other current liabilities	1,084	916
Total current liabilities	7,026	9,321
Noncurrent operating lease liabilities	2,061	2,287
Other long-term liabilities	65	82
Total liabilities	9,152	11,690
SHAREHOLDERS' EQUITY:
Common stock, no-par value; authorized - 200,000 shares; 114,900 shares issued and 109,413 shares outstanding at December 31, 2024 and September 30, 2024	113,247	113,129
Accumulated deficit	(26,424)	(25,732)
Treasury stock; at cost - 5,487 shares at December 31, 2024 and September 30, 2024	(3,186)	(3,186)
Total shareholders' equity	83,637	84,211
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 92,789	$ 95,901

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowances	$ 548	$ 568
Common stock, par value	$ 0	$ 0
Common stock, share authorized	200,000,000	200,000,000
Common stock, shares issued	114,900,000	114,900,000
Common stock, shares outstanding	109,413,000	109,413,000
Treasury stock shares	5,487,000	5,487,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
NET REVENUES:
Contract staffing services	$ 23,515	$ 27,576
Direct hire placement services	2,511	3,055
NET REVENUES	26,026	30,631
Cost of contract services	17,730	20,895
GROSS PROFIT	8,296	9,736
Selling, general and administrative expenses	8,815	10,606
Depreciation expense	57	84
Amortization of intangible assets	205	720
LOSS FROM OPERATIONS	(781)	(1,674)
Interest expense	(66)	(71)
Interest income	155	190
LOSS BEFORE INCOME TAX PROVISION	(692)	(1,555)
Provision for income tax benefit	0	0
NET LOSS	$ (692)	$ (1,555)
BASIC EARNINGS (LOSS) PER SHARE	$ (0.01)	$ (0.01)
DILUTED EARNINGS (LOSS) PER SHARE	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC	109,413	109,907
DILUTED	109,413	109,907

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY (unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stocks	Accumulated Deficit
Balance, shares at Sep. 30, 2023		114,900	3,412
Balance, amount at Sep. 30, 2023	$ 109,301	$ 112,915	$ (1,984)	$ (1,630)
Purchase of treasury stock, shares			2,717
Purchase of treasury stock, amount	(1,575)	0	$ (1,575)	0
Share-based compensation	153	153	0	0
Net loss	(1,555)	$ 0	$ 0	(1,555)
Balance, shares at Dec. 31, 2023		114,900	6,129
Balance, amount at Dec. 31, 2023	106,324	$ 113,068	$ (3,559)	(3,185)
Balance, shares at Sep. 30, 2024		114,900	5,487
Balance, amount at Sep. 30, 2024	84,211	$ 113,129	$ (3,186)	(25,732)
Share-based compensation	118	118	0	0
Net loss	(692)	$ 0	$ 0	(692)
Balance, shares at Dec. 31, 2024		114,900	5,487
Balance, amount at Dec. 31, 2024	$ 83,637	$ 113,247	$ (3,186)	$ (26,424)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (692)	$ (1,555)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	262	804
Amortization of operating lease right-of-use assets	320	363
Share-based compensation	118	153
Provisions for credit losses	3	65
Amortization of debt issuance costs	38	38
Changes in operating assets and liabilities:
Accounts receivable	1,410	2,533
Other assets	(54)	(436)
Accounts payable	(254)	(276)
Accrued compensation	(2,123)	(2,106)
Operating lease liabilities	(312)	(382)
Other liabilities	167	(120)
Net cash provided by operating activities	(1,117)	(919)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(1)	(26)
Net cash used in investing activities	(1)	(26)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchases of treasury stock	0	(1,575)
Payments on finance leases	(16)	(41)
Net cash used in financing activities	(16)	(1,616)
Net change in cash	(1,134)	(2,561)
Cash at beginning of year	20,828	22,471
Cash at end of year	19,694	19,910
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	28	32
Cash paid for taxes	$ 10	$ 25

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2024
Basis of Presentation
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Article 8 of Regulation S-X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three-month period ended December 31, 2024 are not necessarily indicative of the results that may be expected for the year ending September 30, 2025. The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended September 30, 2024 as filed on December 19, 2024. Certain reclassifications have been made to the prior year’s condensed consolidated financial statements and/or related disclosures to conform to the current year’s presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Dec. 31, 2024
Recent Accounting Pronouncements
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements Recently Adopted In June 2016, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326) Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40)

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
	Dec. 31, 2024
Cash and Cash Equivalents
Cash and Cash Equivalents	3. Cash and Cash Equivalents Highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents. As of December 31, 2024 and September 30, 2024, there were no cash equivalents. Cash deposit accounts are maintained at financial institutions and, at times, balances may exceed federally insured limits guaranteed by the FDIC. During 2023, the Company entered into enhanced deposit arrangements with two financial institutions in which monies are deposited through a brokerage account and are further placed on deposit by the broker amongst U.S. banks pre-screened by the broker in amounts per bank that do not exceed the individual $250 FDIC per depositor limit. The aggregate amount of all funds on deposit under these accounts was $14,666 and $14,515 as of December 31, 2024 and September 30, 2024, respectively. The Company also holds funds in various other bank accounts that may exceed FDIC insured limits. These uninsured amounts, in aggregate, were $3,831 and $5,194 as of December 31, 2024 and September 30, 2024, respectively. We have never experienced any material losses related to cash on deposit with banks.

Customer Concentrations

Customer Concentrations	3 Months Ended
	Dec. 31, 2024
Customer Concentrations
Customer Concentrations	4. Customer Concentrations There was no customer that represented 10% or more of the Company’s consolidated revenues for either of the three-month periods ended December 31, 2024 and 2023. The Company has two customers that, in aggregate, made up approximately 22% and 25% of the consolidated accounts receivable balance as of December 31, 2024 and September 30, 2024, respectively. These two customers are offered extended payment terms due to the frequency and volume of our services that they utilize. Each maintains excellent creditworthiness and the Company has not historically experienced any losses related to these two customers.

Allowance for Credit Losses and

Allowance for Credit Losses and Falloffs	3 Months Ended
	Dec. 31, 2024
Allowance for Credit Losses and Falloffs
Allowance for Credit Losses and Falloffs	5. Allowance for Credit Losses and Falloffs Allowance for Credit Losses The Company extends credit to its various customers based on evaluation of the customer’s financial condition and ability to pay the Company in accordance with the payment terms. An allowance for credit losses is recorded as a charge to bad debt expense where collection is considered to be doubtful due to credit issues. The Company adopted the methodology under ASU 2016-13, Financial Instruments-Credit Losses Topic 326) A summary of changes in this account is as follows: Three months ended December 31, 2024 2023 Beginning balance $ 568 $ 562 Provisions for credit losses 3 65 Accounts receivable write-offs (23 ) (36 ) Ending balance $ 548 $ 591 Liabilities for Direct Hire Placement Falloffs Direct hire placement service revenues from contracts with customers are recognized when the Company has met each of the criteria under Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (ASC 606) Charges for expected future falloffs are recorded as reductions of revenues for estimated losses due to applicants not remaining employed for the Company’s guarantee period. Liabilities for falloffs and refunds during the period are reflected in other current liabilities in the unaudited condensed consolidated balance sheets in the amounts of $97 and $102, as of December 31, 2024, and September 30, 2024, respectively. The corresponding charges included in the unaudited condensed consolidated statements of operations as reductions of direct hire placement service revenues were approximately $222 and $244 for the three months ended December 31, 2024 and 2023, respectively.

Advertising Expenses

Advertising Expenses	3 Months Ended
	Dec. 31, 2024
Advertising Expenses
Advertising Expenses	6. Advertising Expenses The Company expenses the costs of print and internet media advertising and promotions as incurred and reports these costs in selling, general and administrative expenses. Advertising expenses totaled $476 and $541 for the three months ended December 31, 2024 and 2023, respectively.

Earnings per Share

Earnings per Share	3 Months Ended
	Dec. 31, 2024
Earnings per Share
Earnings per Share	7. Earnings per Share Basic earnings per share are computed by dividing net income attributable to common stockholders by the weighted average common shares outstanding for the period, which is computed using shares issued and outstanding. Diluted earnings per share is computed giving effect to all potentially dilutive common shares. Potentially dilutive common shares may consist of incremental shares issuable upon the vesting of restricted shares granted but unissued, exercise of stock options and warrants. The dilutive effect of the common stock equivalents is reflected in earnings per share by use of the treasury stock method. Due to the loss from continuing operations reported for the three months ended December 31, 2024 and 2023, there were no dilutive incremental shares considered in the calculation of dilutive shares. Common stock equivalents, which are excluded because their effect is anti-dilutive, were approximately 3,590 and 3,682 for the three-month periods ended December 31, 2024 and 2023, respectively.

Property and Equipment

Property and Equipment	3 Months Ended
	Dec. 31, 2024
Property and Equipment
Property and Equipment	8. Property and Equipment Property and equipment, net consisted of the following: December 31, 2024 September 30, 2024 Computer software $ 472 $ 472 Computer equipment 2,166 2,165 Furniture and fixtures 981 981 Leasehold improvements 192 192 Total property and equipment, at cost 3,811 3,810 Accumulated depreciation (3,308 ) (3,251 ) Property and equipment, net $ 503 $ 559

Leases

Leases	3 Months Ended
	Dec. 31, 2024
Leases
Leases	9. Leases The Company occasionally acquires equipment under finance leases including hardware and software used by our IT department to improve security and capacity, vehicles used by our Industrial Segment, and certain furniture for our offices. Terms for these leases generally range from two to six years. The assets obtained under finance leases are included in property and equipment, net, on the unaudited condensed consolidated balance sheets. Finance lease expenses such as amortization of the lease assets and interest expense on the lease liabilities are included on the unaudited condensed consolidated statements of operations in depreciation expense and interest expense, respectively. Supplemental information related to these expenses consisted of the following: Three Months Ended December 31, 2024 2023 Amortization of finance lease assets $ 24 $ 37 Interest on finance lease liabilities 2 6 Supplemental balance sheet information related to finance leases consisted of the following: December 31, 2024 September 30, 2024 Net book value of finance leases $ 186 $ 242 Weighted average remaining lease term for finance leases 1.9 years 2.2 years Weighted average discount rate for finance leases 5.3% 5.3% The table below reconciles the undiscounted future minimum lease payments under non-cancelable finance lease agreements to the total finance lease liabilities recognized on the unaudited condensed consolidated balance sheets, included in other current liabilities and other long-term liabilities, as of December 31, 2024: Remainder of Fiscal 2025 $ 55 Fiscal 2026 73 Fiscal 2027 12 Less: Imputed interest (7 ) Present value of finance lease liabilities (a) $ 133 (a) Includes current portion of $68 for finance leases. The Company leases space for all its branch offices, which are generally located either in downtown or suburban business centers, and for its corporate headquarters. Branch offices are generally leased over periods ranging from three to five years. The corporate office lease expires in 2026. The Company’s leases generally provide for payment of basic rent plus a share of building real estate taxes, maintenance costs and utilities. Supplemental cash flow information related to operating leases consisted of the following: Three Months Ended December 31, 2024 2023 Cash paid for operating lease liabilities $ 366 $ 430 Supplemental balance sheet information related to operating leases consisted of the following: December 31, 2024 September 30, 2024 Weighted average remaining lease term for operating leases 2.4 years 2.1 years Weighted average discount rate for operating leases 5.6% 5.6% The table below reconciles the undiscounted future minimum lease payments under non-cancelable operating lease agreements having initial terms in excess of one year to the total operating lease liabilities recognized on the unaudited condensed consolidated balance sheet as of December 31, 2024, including certain closed offices are as follows: Remainder of Fiscal 2025 $ 961 Fiscal 2026 942 Fiscal 2027 752 Fiscal 2028 497 Fiscal 2029 197 Thereafter 83 Less: Imputed interest (262 ) Present value of operating lease liabilities (a) $ 3,170 (a) Includes current portion of $1,109 for operating leases.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets
Goodwill and Intangible Assets	10. Goodwill and Intangible Assets Goodwill There were no new or recent triggering events that have materially changed since the Company performed its annual goodwill impairment assessment as of September 30, 2024, and no goodwill impairment was recognized during the three months ended December 31, 2024. For purposes of performing its annual goodwill impairment assessment as of September 30, 2024, the Company applied certain valuation techniques and assumptions to its professional and industrial segments as reporting units and considered recent trends in the Company’s stock price, implied control or acquisition premiums, earnings, and other possible factors and their effects on estimated fair value of the Company’s reporting units. The Company completed its annual goodwill impairment assessment, as of September 30, 2024, and determined that its goodwill was not impaired. Prior to this, an interim assessment was performed as of June 30, 2024, due to the presence of one or more triggering events, including the presence of negative macroeconomic conditions impacting U.S. staffing firms, including ours, and related reductions to the Company’s forecasts of future results. This interim assessment indicated the Company’s goodwill assigned to both its Professional and Industrial Services reporting units was impaired. As a result, the Company reduced its goodwill associated with its Professional and Industrial Services reporting units by $14,202 and $1,083, respectively, with corresponding non-cash impairment charges recognized in its consolidated statements of operations for the fiscal 2024 third quarter. This resulted in all goodwill previously allocated to the Industrial Services reporting unit being impaired and written off as of that date. A summary of goodwill balances is presented as follows: December 31, 2024 September 30, 2024 Goodwill Accumulated Impairment Charges Goodwill Carrying Amount Goodwill Accumulated Impairment Charges Goodwill Carrying Amount Professional Services reporting unit $ 75,510 $ (29,502 ) $ 46,008 $ 75,510 $ (29,502 ) $ 46,008 Industrial Services reporting unit 1,083 (1,083 ) - 1,083 (1,083 ) - Total $ 76,593 $ (30,585 ) $ 46,008 $ 76,593 $ (30,585 ) $ 46,008 The estimated fair value of the Professional Services reporting unit resulting from the September 30, 2024 assessment exceeded the reporting unit’s adjusted carrying value by approximately 10%, or approximately $5.5 million. Should industry conditions remain consistently negative, or worsen, or if assumptions such as control premiums, revenue growth projections, cost of capital or discount rates or business enterprise value multiples change such conditions could result in a deficit of the fair value of the Company’s Professional Services reporting unit as compared to its remaining carrying value, leading to an impairment in the future. Intangible Assets The following provides a summary of the Company’s separately identifiable intangible assets as of December 31, 2024 and September 30, 2024 and estimated future amortization expense. December 31, 2024 September 30, 2024 Cost Impairment Charges Accumulated Amortization Net Book Value Cost Impairment Charges Accumulated Amortization Net Book Value Customer relationships $ 29,070 $ (5,153 ) $ (23,424 ) $ 493 $ 29,070 $ (5,153 ) $ (23,260 ) $ 657 Trade names 8,329 (56 ) (8,137 ) 136 8,329 (56 ) (8,096 ) 177 Total $ 37,399 $ (5,209 ) $ (31,561 ) $ 629 $ 37,399 $ (5,209 ) $ (31,356 ) $ 834 Remainder of Fiscal 2025 $ 590 Fiscal 2026 39 $ 629 Intangible assets that represent customer relationships are amortized on the basis of estimated future undiscounted cash flows or using the straight-line basis over estimated remaining useful lives of five to ten years. Trade names are amortized on a straight-line basis over their respective estimated useful lives of between five and ten years.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Dec. 31, 2024
Other Current Liabilities
Other Current Liabilities	11. Other Current Liabilities Other current liabilities consisted of the following: December 31, 2024 September 30, 2024 Accrued audit fees $ 47 $ 47 Accrued client rebates 418 340 Accrued severance - 45 Current finance leases payable 68 67 Reserve for falloffs 97 102 Other 454 315 Total other current liabilities $ 1,084 $ 916

Senior Bank Loan Security and G

Senior Bank Loan Security and Guarantee Agreement	3 Months Ended
	Dec. 31, 2024
Senior Bank Loan Security and Guarantee Agreement
Senior Bank Loan, Security and Guarantee Agreement	12. Senior Bank Loan, Security and Guarantee Agreement The Company and its subsidiaries have a Loan, Security and Guaranty Agreement for a $20 million asset-based senior secured revolving credit facility (the “Facility”) with First Citizens Bank (“FCB”) (formerly CIT Bank, N.A.). The Facility is collateralized by 100% of the assets of the Company and its subsidiaries who are co-borrowers and/or guarantors. The Facility matures on the fifth anniversary of the closing date (May 14, 2026). As of December 31, 2024, the Company had no outstanding borrowings and $6,977 of unused capacity available for borrowing under the terms of the Facility. The Company had $217 and $255 in unamortized debt issuance costs associated with the Facility as of December 31, 2024 and September 30, 2024, respectively. Of these costs, $153 was reflected in other current assets on the unaudited condensed consolidated balance sheets as of both December 31, 2024 and September 30, 2024 with the remainder being reflected in other long-term assets. The amortization expense of these debt costs totaled $38 for the three-month periods ended December 31, 2024 and 2023. The unused line fees incurred and included in interest expense totaled $26 for the three-month periods ended December 31, 2024 and 2023. On December 15, 2023, the Company and FCB entered into Amendment No. 2 to the Facility (“Amendment No. 2”), which provides for an increase in the Facility’s concentration limits for certain large clients at the discretion of FCB.

Shareholders Equity

Shareholders Equity	3 Months Ended
	Dec. 31, 2024
Shareholders Equity
Shareholders' Equity	13. Shareholders’ Equity Share-based Compensation Amended and Restated 2013 Incentive Stock Plan, as amended As of December 31, 2024, there were vested and unvested shares of restricted stock and stock options outstanding under the Company’s Amended and Restated 2013 Incentive Stock Plan, as amended (“Incentive Stock Plan”). The Incentive Stock Plan, as amended, provides for total shares available for restricted stock and stock options of 15,000 (7,500 restricted stock shares and 7,500 stock option shares). The Incentive Stock Plan authorizes the Compensation Committee of the Board of Directors to grant non-statutory stock options to employees. Vesting periods are established by the Compensation Committee at the time of grant. As of December 31, 2024, there were 8,306 shares available to be granted under the Plan (4,005 shares available for restricted stock grants and 4,301 shares available for non-qualified stock option grants). Restricted Stock The Company has an annual incentive compensation program (“AICP”) for its executives which is administered under the Company’s Incentive Stock Plan. The AICP includes a long-term incentive (“LTI”) compensation program in the form of restricted stock awards comprised of two components: one that vests based on future service only, and a second that vests based on future service and performance. Initial awards under both service-only and service plus performance-based components of the AICP LTI plan are determined based on financial performance measures for the immediately preceding fiscal year. The Company granted 48 shares of restricted stock under the AICP during the three months ended December 31, 2024. Of the 48 shares granted, 8 were granted based on actual fiscal 2023 results and will cliff vest on December 1, 2026, the second anniversary from their date of grant, based on future service and performance. The remaining 40 future service and performance-based shares granted were based on fiscal 2022 results and will cliff vest on December 1, 2025, the first anniversary from their date of grant. These service plus performance-based restricted shares are subject to adjustment over their corresponding fiscal 2025 reporting period based on probability of achieving the fiscal 2025 financial targets set by the Company’s Board of Directors. The shares currently reported have been adjusted based on the probable outcome as compared to these financial targets. The final number of fiscal 2023 and 2022 service plus performance-based restricted shares granted will be determined once the actual financial performance of the Company is determined for fiscal 2025. A summary of restricted stock activity is presented as follows: Number of Shares Weighted Average Fair Value ($) Non-vested restricted stock outstanding as of September 30, 2024 906 0.71 Granted 48 0.25 Vested - - Non-vested restricted stock outstanding as of December 31, 2024 954 0.69 Warrants The Company had 77 warrants outstanding as of December 31, 2024 and September 30, 2024 with a weighted average exercise price per share of $2 and a weighted average remaining contractual life of 0.25 and 0.50, respectively. No warrants were granted or expired during the three months ended December 31, 2024. Stock Options All stock options outstanding as of December 31, 2024 and September 30, 2024 were non-qualified stock options, had exercise prices equal to the market price on the date of grant, and had expiration dates ten years from the date of grant. The Company did not grant stock options during the three months ended December 31, 2024. The Company’s stock options previously granted generally vest on annual schedules during periods ranging from two to four years, although some options are fully vested upon grant. Share-based compensation expense attributable to stock options is recognized over their estimated remaining lives and was $63 and $79 for the three months ended December 31, 2024 and 2023, respectively. As of December 31, 2024, there was approximately $497 of unrecognized compensation expense related to unvested stock options outstanding, and the weighted average remaining vesting period for those options was 2.35 years. A summary of stock option activity is as follows: Number of Shares Weighted Average Exercise Price per share ($) Weighted Average Fair Value per share ($) Weighted Average Remaining Contractual Life (Years) Total Intrinsic Value of Options ($) Options outstanding as of September 30, 2024 3,351 1.17 0.93 7.08 - Granted - - - - - Forfeited (153 ) 0.72 1.10 - - Options outstanding as of December 31, 2024 3,198 1.19 0.95 6.78 - Exercisable as of September 30, 2024 2,293 1.43 1.13 6.38 - Exercisable as of December 31, 2024 2,319 1.41 1.11 6.19 - Share Repurchase Program On April 27, 2023, the Company’s Board of Directors approved a share repurchase program authorizing the Company to purchase up to an aggregate of $20 million of the Company’s currently outstanding shares of common stock. The share repurchase program continued through December 31, 2023. The repurchase program did not obligate the Company to repurchase any number of shares of common stock. The share repurchase program was conducted in accordance with Rules 10b-5 and 10b-18 of the Securities Exchange Act of 1934, as amended. Subject to applicable rules and regulations, shares of common stock were purchased from time to time in the open market transactions and in amounts the Company deemed appropriate, based on factors such as market conditions, legal requirements, and other business considerations.

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2024
Income Taxes
Income Taxes	14. Income Tax The following table presents the provision for income taxes and our effective tax rate for the three-month periods ended December 31, 2024 and 2023: Three Months Ended, December 31, 2024 2023 Provision for income taxes - - Effective tax rate 0% 0% No income tax benefit was recognized for the three months ended December 31, 2024 because the Company is forecasting pre-tax income for the full year so the tax benefit is not expected to be realized during the current year in accordance with the provisions of Accounting Standards Codification (“ASC”) Topic 740, Income Taxes The estimated annual effective tax rates for the fiscal years ending September 30, 2025 and ended September 30, 2024 are 22% and 2%, respectively. The estimated annual effective income tax rates are based upon the estimated income for the year, and adjustments, if any, in the applicable quarterly periods for the potential tax consequences, benefits, resolutions of tax audits or other tax contingencies. Under Internal Revenue Code 382, if a corporation undergoes a specified change in ownership, the corporation’s ability to use its pre-change net operating loss (“NOL”) carryforwards and other pre-change tax attributes to offset its post-change income may be limited. Such limitation may result in the expiration of the NOL carryforwards generated before 2018 prior to their utilization. The Company has performed internal analysis and developed estimates of potential exposure to Section 382 limitations on usage of its NOL carryforwards and other tax attributes and believes that such limitations would not materially restrict its ability to use its pre-change NOL carryforwards and other pre-change tax attributes to offset its post-change taxable income. As of the filing date, the Company has engaged outside tax experts to perform a comprehensive section 382 study to supplement the Company’s internal analysis; however, the section 382 study has not been completed and thus the effects of any section 382 limitations on the utilization of NOLs and the valuation allowance that may be identified by the study cannot be determined as of the filing of this Form 10Q. The Company expects the 382 study and any effects on the valuation allowance to be completed by the time the Company files its Form 10-Q for the quarter ended March 31, 2025.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2024
Commitments and Contingencies
Commitments and Contingencies	15. Commitments and Contingencies Litigation and Claims The Company and its subsidiaries are involved in litigation that arises in the ordinary course of business. There are no pending significant legal proceedings to which the Company is a party for which management believes the ultimate outcome would have a material adverse effect on the Company’s financial position.

Segment Data

Segment Data	3 Months Ended
	Dec. 31, 2024
Segment Data	16. Segment Data The Company provides the following distinctive services: (a) direct hire placement services, (b) temporary professional services staffing in the fields of information technology, accounting, finance and office, engineering, and medical, and (c) temporary industrial staffing. These services can be divided into two reportable segments: Professional Staffing Services and Industrial Staffing Services. Some selling, general and administrative expenses are not fully allocated among these segments. Unallocated corporate expenses primarily include certain executive and administrative salaries and related expenses, corporate legal expenses, share-based compensation expenses, consulting expenses, audit fees, corporate rent and facility costs, board related fees, acquisition, integration and restructuring expenses, and interest expense. Three Months Ended December 31, 2024 2023 Industrial Staffing Services Contract services revenue $ 2,001 $ 2,494 Contract services gross margin 18.5% 16.0% Loss from operations $ (9 ) $ (36 ) Depreciation and amortization 2 12 Professional Staffing Services Permanent placement revenue $ 2,511 $ 3,055 Permanent placement services gross margin 100.0% 100.0% Contract services revenue $ 21,514 $ 25,082 Contract services gross margin 25.2% 25.0% Income from operations $ 694 $ 29 Depreciation and amortization 260 792 Unallocated Expenses Corporate administrative expenses $ 1,120 $ 1,287 Corporate facility expenses 121 112 Share-based compensation expense 118 153 Board related expenses 107 115 Total unallocated expenses $ 1,466 $ 1,667 Consolidated Total revenue $ 26,026 $ 30,631 Loss from operations (781 ) (1,674 ) Depreciation and amortization 262 804

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2024
Subsequent Events
Subsequent Events	17. Subsequent Events On January 3, 2025, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Hornet Staffing, Inc., a Georgia corporation (“Hornet”) and Hornet’s sole shareholders, Laurel Lynn Bruce and Lawrence Scott Bruce (collectively, the “Shareholders”) pursuant to which the Company purchased from the Shareholders a total of 100 thousand shares of capital stock in Hornet (the “Purchased Shares”). The Purchased Shares represent 100% of the ownership interest in Hornet. The Purchase Agreement contains certain representations and warranties customary and standard for this type of transaction. Hornet provides staffing solutions to markets serving large scale, "blue chip" companies in the information technology, professional and customer service staffing verticals. The Company expects the Hornet acquisition to enhance its ability to compete more effectively and anticipate it helping to secure new business from Fortune 1000 and other large users of contingent and outsourced labor. Hornet’s workforce solutions include significant expertise in working with managed service providers ("MSP") and vendor management systems ("VMS"). Hornet’s unaudited reported revenue for the calendar year ended December 31, 2024 was $5,432 and its unaudited reported pre-tax income was $247. The total consideration paid to the Shareholders for the Purchased Shares was $1.5 million consisting of (i) a $1.1 million cash payment, and (ii) the issuance to the Shareholders of subordinated and unsecured promissory notes (the "Promissory Notes") totaling an aggregate principal amount of $400 thousand. The Promissory Notes were issued to each Shareholder in principal amount in proportion to such Shareholder’s ownership interest in Hornet. Interest on the outstanding principal balance of the Promissory Note is payable at a fixed rate of 5% per annum. Payments on the Promissory Notes shall be made annually with the first payment due on the first anniversary of the issuance date of the Promissory Notes and the second and final payment due on the second anniversary of the issuance date of the Promissory Notes. Payments on the Promissory Notes are contingent upon the achievement of certain agreed upon profit metrics described in the Purchase Agreement. In the event Hornet fails to achieve the agreed upon profit metrics, the Company may deduct certain amounts (as described in the Purchase Agreement) from the Promissory Notes. In connection with its acquisition of the Purchased Shares, the Company and FCB entered into Consent and Amendment No. 3 to the Facility, dated January 3, 2025 (“Amendment No. 3”), pursuant to which FCB consented to the Hornet acquisition and certain amendments to the Loan Agreement and related collateral agreements. The transactions described above were unanimously approved by the Company’s Board of Directors and by Hornet. Copies of the Purchase Agreement, Promissory Note, and Amendment No. 3 were filed with the SEC on a Current Report on Form 8-K filed on January 10, 2025.

Allowance for Credit Losses a_2

Allowance for Credit Losses and Falloffs (Tables)	3 Months Ended
	Dec. 31, 2024
Allowance for Credit Losses and Falloffs
Schedule of allowance for credit losses and falloffs	Three months ended December 31, 2024 2023 Beginning balance $ 568 $ 562 Provisions for credit losses 3 65 Accounts receivable write-offs (23 ) (36 ) Ending balance $ 548 $ 591

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Dec. 31, 2024
Property and Equipment
Schedule of Property and Equipment	December 31, 2024 September 30, 2024 Computer software $ 472 $ 472 Computer equipment 2,166 2,165 Furniture and fixtures 981 981 Leasehold improvements 192 192 Total property and equipment, at cost 3,811 3,810 Accumulated depreciation (3,308 ) (3,251 ) Property and equipment, net $ 503 $ 559

Leases (Tables)

Leases (Tables)	3 Months Ended
	Dec. 31, 2024
Leases
Schedule of Supplemental cash flow information finance lease	Three Months Ended December 31, 2024 2023 Amortization of finance lease assets $ 24 $ 37 Interest on finance lease liabilities 2 6
Schedule of Supplemental balance sheet information finance leases	December 31, 2024 September 30, 2024 Net book value of finance leases $ 186 $ 242 Weighted average remaining lease term for finance leases 1.9 years 2.2 years Weighted average discount rate for finance leases 5.3% 5.3%
Schedule of undiscounted future minimum lease payments finance leases	Remainder of Fiscal 2025 $ 55 Fiscal 2026 73 Fiscal 2027 12 Less: Imputed interest (7 ) Present value of finance lease liabilities (a) $ 133
Schedule of Supplemental cash flow information operating leases	Three Months Ended December 31, 2024 2023 Cash paid for operating lease liabilities $ 366 $ 430
Schedule of Supplemental balance sheet information operating leases	December 31, 2024 September 30, 2024 Weighted average remaining lease term for operating leases 2.4 years 2.1 years Weighted average discount rate for operating leases 5.6% 5.6%
Schedule of undiscounted future minimum lease payments operating leases	Remainder of Fiscal 2025 $ 961 Fiscal 2026 942 Fiscal 2027 752 Fiscal 2028 497 Fiscal 2029 197 Thereafter 83 Less: Imputed interest (262 ) Present value of operating lease liabilities (a) $ 3,170

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets
Schedule of Goodwill	December 31, 2024 September 30, 2024 Goodwill Accumulated Impairment Charges Goodwill Carrying Amount Goodwill Accumulated Impairment Charges Goodwill Carrying Amount Professional Services reporting unit $ 75,510 $ (29,502 ) $ 46,008 $ 75,510 $ (29,502 ) $ 46,008 Industrial Services reporting unit 1,083 (1,083 ) - 1,083 (1,083 ) - Total $ 76,593 $ (30,585 ) $ 46,008 $ 76,593 $ (30,585 ) $ 46,008
Schedule of Identifiable Intangible Assets and Amortization Expense	December 31, 2024 September 30, 2024 Cost Impairment Charges Accumulated Amortization Net Book Value Cost Impairment Charges Accumulated Amortization Net Book Value Customer relationships $ 29,070 $ (5,153 ) $ (23,424 ) $ 493 $ 29,070 $ (5,153 ) $ (23,260 ) $ 657 Trade names 8,329 (56 ) (8,137 ) 136 8,329 (56 ) (8,096 ) 177 Total $ 37,399 $ (5,209 ) $ (31,561 ) $ 629 $ 37,399 $ (5,209 ) $ (31,356 ) $ 834 Remainder of Fiscal 2025 $ 590 Fiscal 2026 39 $ 629

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Dec. 31, 2024
Other Current Liabilities
Schedule of Other Current Liabilities	December 31, 2024 September 30, 2024 Accrued audit fees $ 47 $ 47 Accrued client rebates 418 340 Accrued severance - 45 Current finance leases payable 68 67 Reserve for falloffs 97 102 Other 454 315 Total other current liabilities $ 1,084 $ 916

Shareholders Equity (Tables)

Shareholders Equity (Tables)	3 Months Ended
	Dec. 31, 2024
Shareholders Equity
Summary of restricted stock activity	Number of Shares Weighted Average Fair Value ($) Non-vested restricted stock outstanding as of September 30, 2024 906 0.71 Granted 48 0.25 Vested - - Non-vested restricted stock outstanding as of December 31, 2024 954 0.69
Summary of stock option activity	Number of Shares Weighted Average Exercise Price per share ($) Weighted Average Fair Value per share ($) Weighted Average Remaining Contractual Life (Years) Total Intrinsic Value of Options ($) Options outstanding as of September 30, 2024 3,351 1.17 0.93 7.08 - Granted - - - - - Forfeited (153 ) 0.72 1.10 - - Options outstanding as of December 31, 2024 3,198 1.19 0.95 6.78 - Exercisable as of September 30, 2024 2,293 1.43 1.13 6.38 - Exercisable as of December 31, 2024 2,319 1.41 1.11 6.19 -

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Dec. 31, 2024
Income Taxes
Schedule of Provision for income taxes	Three Months Ended, December 31, 2024 2023 Provision for income taxes - - Effective tax rate 0% 0%

Segment Data (Tables)

Segment Data (Tables)	3 Months Ended
	Dec. 31, 2024
Schedule of Segment Reporting Information	Three Months Ended December 31, 2024 2023 Industrial Staffing Services Contract services revenue $ 2,001 $ 2,494 Contract services gross margin 18.5% 16.0% Loss from operations $ (9 ) $ (36 ) Depreciation and amortization 2 12 Professional Staffing Services Permanent placement revenue $ 2,511 $ 3,055 Permanent placement services gross margin 100.0% 100.0% Contract services revenue $ 21,514 $ 25,082 Contract services gross margin 25.2% 25.0% Income from operations $ 694 $ 29 Depreciation and amortization 260 792 Unallocated Expenses Corporate administrative expenses $ 1,120 $ 1,287 Corporate facility expenses 121 112 Share-based compensation expense 118 153 Board related expenses 107 115 Total unallocated expenses $ 1,466 $ 1,667 Consolidated Total revenue $ 26,026 $ 30,631 Loss from operations (781 ) (1,674 ) Depreciation and amortization 262 804

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Cash and Cash Equivalents
Deposits in excess of FDIC insured limits	$ 3,831	$ 5,194
Amounts on deposit under brokerage agreements	$ 14,666	14,515
FDIC insurance limit		$ 250

Customer Concentrations (Detail

Customer Concentrations (Details Narrative)	3 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Customer Concentrations
Major customers revenues	10%	10%
Major customers accounts receivable	22%		25%

Allowance for Credit Losses a_3

Allowance for Credit Losses and Falloffs (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Allowance for Credit Losses and Falloffs
Allowance for credit losses, Beginning balance	$ 568	$ 562
Provisions for credit losses	3	65
Accounts receivable write-offs	(23)	(36)
Allowance for credit losses, Ending balance	$ 548	$ 591

Allowance for Credit Losses a_4

Allowance for Credit Losses and Falloffs (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Allowance for Credit Losses and Falloffs
Falloffs And Refunds	$ 222	$ 244
Allowance for credit losses	548		$ 568
Liabilities for expected future falloffs	$ 97		$ 102

Advertising Expenses (Details N

Advertising Expenses (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Advertising Expenses
Advertising Expense	$ 476	$ 541

Earnings per Share (Details Nar

Earnings per Share (Details Narrative) - shares	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings per Share
Dilutive Securities Included in the Computation of Earning per Share	0	0
Anti-dilutive Securities Excluded from Computation of Earning per Share	3,590,000	3,682,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Total Property And Equipment, At Cost	$ 3,811	$ 3,810
Accumulated Depreciation	(3,308)	(3,251)
Property And Equipment, Net	503	559
Computer software [Member]
Total Property And Equipment, At Cost	472	472
Computer Equipment [Member]
Total Property And Equipment, At Cost	2,166	2,165
Furniture And Fixtures [Member]
Total Property And Equipment, At Cost	981	981
Leasehold Improvements [Member]
Total Property And Equipment, At Cost	$ 192	$ 192

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Operating leases consisted [Member]
Cash paid for operating lease liabilities	$ 366	$ 430
finance leases consisted [Member]
Amortization of finance lease assets	24	37
Interest on finance lease liabilities	$ 2	$ 6

Leases (Details 1)

Leases (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Operating leases consisted [Member]
Weighted Average Remaining Lease Term For Operating Leases	2 years 4 months 24 days	2 years 1 month 6 days
Weighted average discount rate for operating leases	5.60%	5.60%
finance leases consisted [Member]
Weighted average remaining lease term for finance leases	1 year 10 months 24 days	2 years 2 months 12 days
Net book value of finance lease assets	$ 186	$ 242
Weighted average discount rate for finance leases	5.30%	5.30%

Leases (Details 2)

Leases (Details 2) $ in Thousands	Dec. 31, 2024 USD ($)
Operating leases consisted [Member]
Fiscal 2025	$ 961
Fiscal 2026	942
Fiscal 2027	752
Fiscal 2028	497
Fiscal 2029	197
Thereafter	83
Less: Imputed Interest	(262)
Present value of operating lease liabilities (a)	3,170
finance leases consisted [Member]
Fiscal 2025	55
Fiscal 2026	73
Fiscal 2027	12
Less: Imputed Interest	(7)
Present Value Of Financing Lease Liabilities (a)	$ 133

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Leases
Operating Lease Expenses	$ 540	$ 530
Current Operating Lease Liabilities	1,109		$ 1,195
Current financing Leases Liabilities	$ 68

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Goodwill and Intangible Assets
Goodwill Carrying Amount	$ 46,008	$ 46,008
Goodwill	76,593	76,593
Accumulated Impairment charges	(30,585)	(30,585)
Professional Services reporting unit [Member]
Goodwill and Intangible Assets
Goodwill Carrying Amount	46,008	46,008
Goodwill	75,510	75,510
Accumulated Impairment charges	(29,502)	(29,502)
Industrial Services reporting unit [Member]
Goodwill and Intangible Assets
Goodwill Carrying Amount	0	0
Goodwill	1,083	1,083
Accumulated Impairment charges	$ (1,083)	$ (1,083)

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Cost	$ 37,399	$ 37,399
Impairment charges	(5,209)	(5,209)
Accumulated Amortization	(31,561)	(31,356)
Net Book Value	629	834
Customer Relationship [Member]
Cost	29,070	29,070
Impairment charges	(5,153)	(5,153)
Accumulated Amortization	(23,424)	(23,260)
Net Book Value	493	657
Trade Names [Member]
Cost	8,329	8,329
Impairment charges	(56)	(56)
Accumulated Amortization	(8,137)	(8,096)
Net Book Value	$ 136	$ 177

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Details 2) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Estimated Amortization Expense
Fiscal 2025	$ 590
Fiscal 2026	39
Total	$ 629	$ 834

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Details Narrative) $ in Thousands	12 Months Ended
	Sep. 30, 2024 USD ($)
Excess fair value of reporting units	$ 5,500
Percentage excess fair value of reporting units	10%
Professional Services [Member]
Non-cash goodwill impairment charge	$ 14,202
Industrial Services [Member]
Non-cash goodwill impairment charge	$ 1,083

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Total other current liabilities	$ 1,084	$ 916
Accrued Audit Fees [Member]
Total other current liabilities	47	47
Accrued client rebates [Member]
Total other current liabilities	418	340
Accrued severance [Member]
Total other current liabilities	0	45
Current finance leases payable [Member]
Total other current liabilities	68	67
Reserve for falloffs [Member]
Total other current liabilities	97	102
Other [Member]
Total other current liabilities	$ 454	$ 315

Senior Bank Loan Security and_2

Senior Bank Loan Security and Guarantee Agreement (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Amortization of debt issuance costs	$ 38,000	$ 38,000
Security And Guaranty Agreement [Member]
Credit Facility, Maturity Date	May 14, 2026
Line of Credit under the terms of the CIT Facility	$ 20,000,000
Revolving Credit Facility Availability	6,977,000
Unamortized debt costs reflected in other current assets	153,000		$ 153,000
Unamortized debt issuance costs	217,000		$ 255,000
Amortization of debt issuance costs	38,000	38,000
Unused line fees	$ 26,000	$ 26,000

Shareholders Equity (Details)

Shareholders Equity (Details) - Restricted Stock [Member] shares in Thousands	3 Months Ended
	Dec. 31, 2024 $ / shares shares
Non-vested Restricted Stock Outstanding, Beginning Balance | shares	906
Granted | shares	48
Non-vested Restricted Stock Outstanding, Ending Balance | shares	954
Weighted Average Fair Value, Beginning Balance	$ 0.71
Weighted Average Fair Value, Granted	0.25
Weighted Average Fair Value, Vested	0
Weighted Average Fair Value, Ending Balance	$ 0.69

Shareholders Equity (Details 1)

Shareholders Equity (Details 1) - Stock Options [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Option outstanding, beginning balance	3,351
Forfeited/Expired	(153)
Option outstanding, ending balance	3,198	3,351
Exercisable, balance	2,319	2,293
Weighted Average Exercise Price Per Share Options outstanding, beginning balance	$ 1.17
Weighted Average Exercise Price Per Shares granted	0
Weighted Average Exercise Price Per Share Forfeited/Expired	0.72
Weighted Average Exercise Price Per Share Options outstanding, ending balance	1.19	$ 1.17
Weighted Average Exercise Price Per Share, exercisable, balance	1.41	1.43
Weighted Average Fair Value Per Share, begining balance	0.93
Weighted Average Fair Value Per Share, Granted	0
Weighted Average Fair Value Per Share, Forfeited	1.10
Weighted Average Fair Value Per Share, ending balance	0.95
Weighted Average Fair Value Per Share, Exercisable balance	$ 1.11	$ 1.13
Weighted Average Remaining Contractual Life Options outstanding, beginning balance	7 years 29 days
Weighted Average Remaining Contractual Life Options outstanding, ending balance	6 years 9 months 10 days
Weighted Average Remaining Contractual Life, exercisable, ending balance	6 years 2 months 8 days	6 years 4 months 17 days
Total Intrinsic Value of Warrants Options outstanding, beginning balance	$ 0
Total Intrinsic Value Of Options, Granted	0
Total Intrinsic Value Of Options, Forfeited	0
Total Intrinsic Value of Options,Options outstanding, ending balance	0
Total Intrinsic Value Of Warrants Warrants Exercisable, ending Balance	$ 0

Shareholders Equity (Details Na

Shareholders Equity (Details Narrative) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Apr. 27, 2023	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Issued and outstanding common shares, percentage		5.40%
Repurchased shares of common stock			2,717	6,129
Cost of shares repurchased, including commissions and fees		$ 1,575
Restricted stock available to be granted under amended plan		4,005
Stock options available to be granted under amended plan		4,301
Restricted shares granted under AICP		48
Board Of Directors Chairman [Member]
Authorized amount for share repurchase program	$ 20,000
2013 Incentive Stock Plan [Member]
Stock options available to be granted under amended plan		7,500
Shares authorized to be granted under amended plan		15,000
Restricted stock available to be granted under amended Plan		7,500
Restricted stock and stock options available to be granted under amended plan		8,306
Warrant [Member]
Weighted average remaining contractual life		3 months		6 months
Weighted average exercise price per share		$ 2
Warrants outstanding		77
Warrants [Member] | Stock Option [Member]
Share-based compensation expense		$ 63	$ 79
Unrecognized compensation expense		$ 497
Weighted average remaining vesting period		2 years 4 months 6 days
Restricted Stock [Member]
Share-based compensation expense		$ 55	$ 74
Unrecognized compensation expense		$ 261
Weighted average remaining vesting period		1 year 2 months 19 days

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Income Taxes
Provision for income tax expense	$ 0	$ 0
Effective tax rate	0%	0%

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended
	Dec. 31, 2024
Income Taxes
Effective tax rate, Description	The estimated annual effective tax rates for the fiscal years ending September 30, 2025 and ended September 30, 2024 are 22% and 2%, respectively.

Segment Data (Details)

Segment Data (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loss from operations	$ (781)	$ (1,674)
Total revenue	26,026	30,631
Share-based compensation expense	118	153
Consolidated [Member]
Loss from operations	(781)	(1,674)
Depreciation and amortization	262	804
Total revenue	26,026	30,631
Industrial Staffing Services [Member]
Contract services revenue	$ 2,001	$ 2,494
Contract services gross margin	18.50%	16%
Loss from operations	$ (9)	$ (36)
Depreciation and amortization	2	12
Professional Staffing Services [Member]
Contract services revenue	$ 21,514	$ 25,082
Contract services gross margin	25.20%	25%
Depreciation and amortization	$ 260	$ 792
Permanent placement revenue	$ 2,511	$ 3,055
Permanent placement services gross margin	100%	100%
Income from operations	$ 694	$ 29
Unallocated Expenses [Member]
Corporate administrative expenses	1,120	1,287
Corporate facility expenses	121	112
Share-based compensation expense	118	153
Board related expenses	107	115
Total unallocated expenses	$ 1,466	$ 1,667

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		12 Months Ended
	Jan. 03, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024
Revenue		$ 26,026	$ 30,631
Stock Purchase Agreement [Member]
Revenue				$ 5,432
Pre-tax income				$ 247
Subsequent Event [Member] | Stock Purchase Agreement [Member]
Shares Repurchased	100
Stock ownership percentage rate	100%
Consideration Paid for Purchased Shares	$ 1,500
Cash Payment for Shares	1,100
Promissory Notes Principal Amount	$ 400
Promissory notes, fixed percentage rate per annum	5%