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Notes Payable | 6 Months Ended
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Mar. 31, 2020
Notes Payable [Abstract] |
Notes Payable | 9. Notes Payable and Line of Credit In September 2019, the Company borrowed $1.0 million with a 5.0% rate of interest related to a multi-year agreement with a customer. In October 2019, the Company borrowed $2.0 million with a 5.1% rate of interest related to a multi-year agreement with a customer. See Note 6 for the disclosure related to the receivables. Interest expense related to the notes for the three and six months ended March 31, 2020 was $31 thousand and $63 thousand, respectively. There was no interest expense related to a note for three and six months ended March 31, 2019 as there were no outstanding notes payable as of this date. Below are details of the notes payable.
| March 31, 2020 |  | September 30, 2019
| (Amounts in thousands)
Current | $ | 808 |  | $ | 359
Less: notes discount |  | 105 |  |  | 42
Notes payable - current portion | $ | 703 |  | $ | 317
Noncurrent |  | 1,884 |  | $ | 718
Less: notes discount |  | 113 |  |  | 34
Notes payable - noncurrent portion | $ | 1,771 |  | $ | 684
As of March 31, 2020 and September 30, 2019, the Company maintained an inventory line of credit with a borrowing capacity of $20.0 million that may be used by the TS and HPP segment in the U.S. to purchase inventory from approved vendors with payment terms which exceed those offered by the vendors. No interest accrues under the inventory line of credit when advances are paid within terms, however, late payments are subject to an interest charge of Prime plus 5%. The credit agreement for the inventory line of credit contains financial covenants which require the Company to maintain the following TS segment-specific financial ratios: (1) a minimum current ratio of 1.2, (2) tangible net worth of no less than $4.0 million, and (3) a maximum ratio of total liabilities to total net worth of less than 5.0:1. As of March 31, 2020 and September 30, 2019, Company borrowings, all from the TS segment, under the inventory line of credit were $1.6 million and $2.5 million, respectively, and the Company was in compliance with all covenants. This line of credit also includes availability of a limited cash withdrawal of up to $1.5 million. As of March 31, 2020 and September 30, 2019 there were no cash withdrawals outstanding.

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