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Balance sheet components

12 Months Ended

Sep. 30, 2021

4.	Balance sheet components

The Company’s accounts receivable, net balance consists of the following:


	September 30,
(in thousands)	2021		2020
Trade Receivables	$	26,549	$	25,790
Other Receivables		2,337		951
Allowance for Doubtful Accounts		(337)		(365)
Accounts Receivable, net	$	28,549	$	26,376

Inventories consist of the following:


	September 30,
(in thousands)	2021		2020
Raw Materials	$	18,778	$	9,237
Work-in-process		4,837		2,021
Finished Goods		8,185		1,031
	$	31,800	$	12,289

The work-in-process inventory included gross consigned inventory of $1.9 million as of September 30, 2021.

Property and Equipment, net consists of the following:


	September 30,
(in thousands)	2021		2020
Laboratory equipment	$	48,439	$	37,338
Furniture, fixtures and other equipment		2,195		1,728
Computer equipment		2,977		2,834
Computer software		3,899		3,678
Leasehold improvements		5,066		4,669
Construction in progress		16,968		4,697
		79,544		54,944
Less: Accumulated depreciation and amortization		(35,422)		(29,478)
	$	44,122	$	25,466

Other non-current assets

The other non-current assets consist of the following:


	September 30,
(in thousands)	2021		2020
Convertible note receivable	$	3,021	$	—
Other non-current assets		4,653		2,823
	$	7,674	$	2,823

The Company entered into a convertible promissory note agreement with a privately held company (“Borrower”) pursuant to which the Company agreed to loan to the Borrower up to an aggregate of $3.0 million in a series of loan installments, evidenced by a convertible promissory note having a maturity date of May 1, 2023 (“Convertible Note”). The Convertible Note accrues interest at a rate of 4% per annum. Outstanding principal and any unpaid accrued interest will be converted into preferred shares of the Borrower if before the repayment of the Note, the Borrower has an equity financing round.

Accrued expenses

The accrued expenses consist of the following:


	September 30,
(in thousands)	2021		2020
Professional services fees payable	$	5,057	$	2,444
Other accrued expenses		1,380		1,457
	$	6,437	$	3,901

Accrued compensation

The accrued compensation consist of the following:


	September 30,
(in thousands)	2021		2020
Accrued vacation	$	4,643	$	3,641
Accrued bonus		8,584		5,747
Accrued commissions		3,330		1,970
Accrued payroll and related taxes		4,676		2,711
Other accrued compensation		1,094		876
	$	22,327	$	14,945

Other current liabilities

The other current liabilities consist of the following:


	September 30,
(in thousands)	2021		2020
Contingent consideration	$	5,186	$	—
Income and sales taxes payable		2,440		719
Other current liabilities		1,997		1,892
	$	9,623	$	2,611