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Related-Party Transactions
12 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related-Party Transactions
Related-Party Transactions
The Company incurred fees of $126 thousand and $122 thousand during the years ended September 30, 2016 and 2015, respectively, to a law firm whose partner is a director and stockholder of the Company. The Company had accrued liabilities for unbilled services to the same law firm of $45 and $25 thousand at September 30, 2016 and 2015, respectively.
As of September 30, 2016 and 2015, the Company had a loan outstanding to an executive totaling $26 thousand. The loan is collateralized by Company stock.
On December 22, 2014, the company issued 74,802 warrants to two individuals in combination with the sale of a like number of shares of common stock, one of which is the Chairman of the Company’s Board of Directors. These warrants were immediately exercisable, expire 5 years after the date of issuance and have an exercise price of $14.00.
As of September 30, 2016, the Company had no outstanding balance related to management fees and dividends payable to the sellers of and current employees of its wholly-owned subsidiary, Sonic Foundry International B.V. The outstanding balance was $114 thousand at September 30, 2015.