Lease Agreements

12 Months Ended

Sep. 30, 2016

Leases of Lessee Disclosure [Text Block]

Note 12 – Lease Agreements

Capital Leases

The Company has entered into long-term capital lease agreements for purchases of various computer and telephone equipment at a weighted average interest rate of 8.3%. At September 30, 2016 and 2015, the remaining principal payments due under all capital leases were $278,000 and $119,000, respectively. Aggregate minimum annual principal obligations at September 30, 2016, under non-cancelable leases are as follows:

	2017		2018		2019		2020		2021		Total

Capital Lease Obligations	$	105,000	$	92,000	$	36,000	$	28,000	$	17,000	$	278,000

Property Leases

The Company has non-cancelable operating lease agreements, primarily for property, that expire through 2025. One of the Company’s facilities is leased from a company controlled by the former owner of RMD, who is also a former director of the Company and the former President of the RMD subsidiary. This building is leased as a month-to-month tenancy and will continue until terminated by either the Company with not less than six months’ prior written notice or the facility’s owner with not less than three years’ prior written notice. Rent expense for both the years ended September 30, 2016 and 2015 amounted to $1.6 million. Future non-cancelable minimum lease payments under property leases as of September 30, 2016 are as follows:

Years ending September 30,

2017	$	1,038,000
2018		303,000
2019		91,000
2020		93,000
2021		95,000
thereafter		344,000