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Accounts payable and Other noncurrent liabilities | 9 Months Ended
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Jun. 30, 2024
Accounts payable and Other noncurrent liabilities |
Accounts payable and accrued expenses, and Other noncurrent liabilities | 8. Accounts payable and Other noncurrent liabilities The Company enters into certain multi-year agreements with vendors when also entering into some of the multi-year contracts the Company enters into with customers. See Note 5 Financing receivables, net for further information related to the multi-year agreements with customers. ​ There was not an interest rate stated in the agreements and therefore interest was imputed under ASC 835 Interest as the payments in the exchange represented two elements: principal and interest. As of June 30, 2024 the average imputed interest rate for the agreements was determined to be 8.2%. 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 for the three months ended June 30, 2024 and 2023 was $52 thousand and $74 thousand, respectively. Interest expense related to these agreements for the nine months ended June 30, 2024 and 2023 was $139 thousand and $185 thousand, respectively. ​ The amounts owed for these agreements are in Accounts payable and Other noncurrent liabilities because they are owed to vendors rather than banks or financial institutions for borrowings. See Note 9 Notes Payable and Line of Credit for amounts due to banks and other financial institutions for borrowings. ​ Below are details of the agreements with the vendors that contain imputed interest: ​
​ | ​ | ​ | ​ | ​ | ​
​ | June 30, 2024 | ​ | September 30, 2023
​ | (Amounts in thousands)
Current | $ | 2,477 | ​ | $ | 1,718
Less: discount | ​ | (264) | ​ | ​ | (140)
Accounts payable and accrued expenses | $ | 2,213 | ​ | $ | 1,578
​ | ​ | ​ | ​ | ​ | ​
Noncurrent | $ | 2,444 | ​ | $ | 1,967
Less: discount | ​ | (158) | ​ | ​ | (116)
Other noncurrent liabilities | $ | 2,286 | ​ | $ | 1,851
​ ​ The Company had a total of approximately $1.4 million due (net of interest) to one of these vendors as of June 30, 2024. This is approximately 10% of Accounts payable and other noncurrent liabilities. The Company had a total of approximately $3.3 million due (net of interest) to one of these vendors as of September 30, 2023. This is approximately 26% of Accounts payable and other noncurrent liabilities. It was the same vendor as of June 30, 2024 and September 30, 2023 that only transacts with the US division of the TS segment. The TS segment has many vendors it transacts with and does not have any specific agreement with this vendor that it must purchase certain products from the vendor. Management believes other suppliers could provide similar products on comparable terms.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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