Note 5 - Trade Accounts and Notes Receivable

6 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

5. Trade Accounts and Notes Receivable

Trade accounts receivable, net (excluding notes receivable) are reflected in the following table (in thousands):

	March 31, 2024			September 30, 2023
Trade accounts receivable	$	16,907		$	20,282
Allowance for credit losses		(67	)		(125	)
Total		16,840			20,157
Less current portion		(15,330	)		(20,157	)
Non-current trade accounts receivable	$	1,510		$	—

Trade accounts receivable at  March 31, 2024 included $1.5 million classified as non-current which is due in December 2025.  Credit quality indicators used for the non-current portion of this receivable consisted of historical collection experience, internal credit risk grades and collateral.  The Company determines the allowance for credit losses through a review of several factors, including historical collection experience, customer credit worthiness, current aging of customer accounts and current financial conditions of its customers. Trade accounts receivable balances are charged off against the allowance whenever it is probable that the receivable balance will not be recoverable.

Allowance for credit losses related to trade accounts receivable are reflected in the following table (in thousands):

	Three Months Ended						Six Months Ended
	March 31, 2024			March 31, 2023			March 31, 2024			March 31, 2023
Allowance for credit losses:
Beginning of period		92			689			125			591
Provision for credit losses		12			98			55			384
Recoveries		(34	)		(81	)		(106	)		(247	)
Write-offs		—			—			(7	)		(6	)
Currency translation		(3	)		—			—			(16	)
End of period	$	67		$	706		$	67		$	706

The Company had one note receivable from a customer at September 30, 2023 with a balance of $1.2 million, which was paid in January 2024.