RICHTECH ROBOTICS INC. Commitments Disclosure
Note 11: Commitments and Contingencies
Lease
We lease office facilities and retail space under noncancelable operating lease agreements. Following the purchase of the new corporate headquarters in April 2025, the existing facilities at 4175 Cameron St, Las Vegas, Nevada, continue to be leased and are now utilized for dedicated Research and Development (R&D) laboratory space and overflow administrative support. We closed our second office space in Austin, Texas, in April 2024. The total operating lease liabilities primarily relate to the Cameron Street R&D facility and the Clouffee & Tea retail space (Town Square Las Vegas).
The components of leases and lease costs are as follows (in thousands):
| Operating leases | As of September 30, 2025 | As of September 30, 2024 | ||||||
| Operating lease right-of use assets | $ | 731 | $ | 506 | ||||
| Operating lease liabilities, current portion | $ | 301 | $ | 150 | ||||
| Operating lease liabilities, non-current portion | 429 | 356 | ||||||
| Total operating lease liabilities | $ | 730 | $ | 506 | ||||
Future minimum lease payments under these leases as of September 30, 2025, are approximately as follow:
| Fiscal Year | Amount | |||
| 2026 | 303 | |||
| 2027 | 262 | |||
| 2028 | 54 | |||
| 2029 | 56 | |||
| 2030 | 14 | |||
| Total future minimum lease payments | $ | 690 | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 20, 2026 | Showing above |
| 2024 | Jan 14, 2025 | |
| 2023 | Jan 11, 2024 | |
About Commitments Disclosures
Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.
Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.