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Note 10 - Long-term Debt
12 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Long-Term Debt [Text Block]

10.   Long-term Debt

 

On March 1, 2021, the Company assumed the outstanding long-term debt obligations of an acquired business and issued a seller note to one of the selling shareholders (see Note 17). The assumed debt obligations and seller note are denominated in Euros.

 

Long-term debt consists as follows:

 

  

As of September 30,

 
  

2022

  

2021

 

Vendor loan payable (“Vendor loan”), accruing interest at 3.0% per annum. Principal and interest are payable in one remaining installment in March 2023.

 $292  $718 

Term loan payable, accruing interest at fixed rates ranging between 0.99% to 1.5% per annum, payable in monthly or quarterly payments of interest and principal and matures in October 2022.

  44   362 

Term loan payable, accruing interest at 3-Month EURIBOR plus 1.3% per annum, payable in quarterly installments starting in April 2023 and matures in July 2028.

  389   466 

Seller’s note payable (“Seller’s note”), due to one of the selling shareholders, accruing interest at a fixed rate of 4.0% per annum. The Seller’s note is payable over 5 installments and matures in September 2025.

  292   383 

Total debt

  1,017   1,929 

Less current portion:

  (429

)

  (732

)

Long-term debt, net of current portion

 $588  $1,197 

 

At September 30, 2022, future maturities of long-term debt are as follows:

 

Fiscal year:

    

2023

 $429 

2024

  188 

2025

  188 

2026

  71 

2027

  73 

Thereafter

  68 

Total debt

 $1,017