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Accounts payable and accrued expenses, and Other noncurrent liabilities | 12 Months Ended
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Sep. 30, 2024
Accounts payable and accrued expenses, and Other noncurrent liabilities |
Accounts payable and accrued expenses, and Other noncurrent liabilities | 9. Accounts payable and accrued expenses, and Other noncurrent liabilities Accounts payable and accrued expenses consist of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30,
​ |  | 2024 |  | 2023
​ | ​ | (Amounts in thousands)
Accounts payable | ​ | $ | 6,953 | ​ | $ | 5,141
Vendor financing agreements | ​ | ​ | 2,309 | ​ | ​ | 1,578
Commissions | ​ |  | 527 | ​ |  | 615
Compensation and fringe benefits | ​ |  | 1,342 | ​ |  | 1,958
Professional fees | ​ | ​ | 370 | ​ | ​ | 199
Taxes, other than income | ​ |  | 170 | ​ |  | 130
Director fees | ​ |  | 14 | ​ |  | —
Operating lease liability | ​ | ​ | 382 | ​ | ​ | 502
Employee Retention Tax Credit Payable | ​ |  | 11 | ​ |  | 640
Product warranty | ​ |  | 6 | ​ |  | 22
Total | ​ | $ | 12,084 | ​ | $ | 10,785
​ The TS US division enters into certain multi-year agreements with vendors when also entering into some of the multi-year contracts the Company enters into with customers. The caption “Vendor financing agreements” above represents the interest-bearing amounts due to vendors, which are current. See Note 3 Financing Receivables, net for further information related to the multi-year agreements with customers. There was not an interest rate stated explicitly in the agreements and therefore interest was imputed under ASC 835 Interest as the payments in the exchange represented two elements: principal and interest. The average weighted imputed interest rate for the agreements was determined to be 7.9%. The rate was determined primarily based on the rate the Company could obtain by financing from other sources at the date of the transaction. Interest expense related to these agreements was $219 thousand and $229 thousand for the years ended September 30, 2024 and 2023, respectively. The amounts owed for these agreements are within the Consolidated balance sheets in accounts payable and other noncurrent liabilities because they are owed to a vendor rather than banks or financial institutions for borrowings. See Note 12 Line of Credit and Note 13 Note Payable for amounts due to banks and other financial institutions for borrowings. Below are details of the aforementioned agreements with the vendors that contain imputed interest:
​ | ​ | ​ | ​ | ​ | ​
​ | September 30, 2024 | ​ | September 30, 2023
​ | (Amounts in thousands)
Current | $ | 2,553 | ​ | $ | 1,718
Less: discount | ​ | (244) | ​ | ​ | (140)
Accounts payable and accrued expenses | $ | 2,309 | ​ | $ | 1,578
​ | ​ | ​ | ​ | ​ | ​
Noncurrent | $ | 1,677 | ​ | $ | 1,967
Less: discount | ​ | (146) | ​ | ​ | (116)
Other noncurrent liabilities | $ | 1,531 | ​ | $ | 1,851
​ The TS US division has many vendors it transacts with and does not have any specific agreement with any vendor that it must purchase certain products. Management believes other suppliers could provide similar products with comparable terms.

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