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Note 11 - Debt | 9 Months Ended
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Jun. 30, 2018
Notes to Financial Statements |
Debt Disclosure [Text Block] | 11 . DEBT In connection with the acquisition of Genasys, as described in Note 4, the Company acquired certain debts of Genasys. The carrying value of the acquired debt approximates fair value. The components of the acquired debt consisted of the following as of June 30, 2018:
|  | Principal |
Loans with governmental agencies, current portion |  | $ | 532,822 |
Loans with governmental agencies, long-term |  |  | 207,530 |
Total debt |  | $ | 740,352 |
Loans with governmental agencies represents debt granted by ministries within Spain and the European Union for the purpose of stimulating economic development and promoting research and development. Loans with governmental agencies as of June 30, 2018 are as follows:
Agency | Due Date |  | Interest Rate |  |  | Principal |  |
Ministry of Industry, Tourism, and Commerce | December 31, 2018 |  |  | 0.53% |  |  | $ | 69,828 |  | a
Ministry of Industry, Tourism, and Commerce | December 31, 2019 |  |  | 0.51% |  |  |  | 102,036 |  | b
Ministry of Industry, Tourism, and Commerce | January 31, 2020 |  |  | 3.95% |  |  |  | 89,463 |  | c
Ministry of Science and Innovation | February 2, 2022 |  |  | 0.00% |  |  |  | 70,086 |  |
Ministry of Science and Innovation | February 2, 2024 |  |  | 0.00% |  |  |  | 280,243 |  | d
Center for Development of Industrial Technology | March 31, 2021 |  |  | 0.00% |  |  |  | 78,843 |  |
European Union Agency for Network and Information Security | October 28, 2018 |  | Euribor +2.25% |  |  |  | 49,853 |  |
|  |  |  |  |  |  | $ | 740,352 |  |
| a. | This loan is secured by $24,688 of cash pledged as collateral by Genasys. This amount is included in restricted cash at June 30, 2018. The cash will be released upon repayment of the loan.
| b. | This loan is secured by $38,165 of cash pledged as collateral by Genasys, which represents 25% of the original principal received. This amount is included in restricted cash at June 30, 2018. The cash will be released upon repayment of the loan.
| c. | This loan is secured by $60,290 of cash pledged as collateral by Genasys, which represents 35% of the original principal received. This amount is included in restricted cash at June 30, 2018. The cash will be released upon repayment of the loan.
| d. | This loan is secured by $280,243 of cash pledged as collateral by Genasys, which is the current balance of the loan. This amount represents 66.6% of the original principal received. This amount is included in restricted cash at June 30, 2018. The Company expects the Ministry of Science and Innovation to declare the terms of the loan satisfied within fiscal year 2018 and that the outstanding balance of the loan will be paid in full during fiscal year 2018. Accordingly, this has been included in the current portion of notes payable as of June 30, 2018.
The following is a schedule of future annual payments as of June 30, 2018:
July 2018-June 2019 |  | $ | 532,822 |
July 2019-June 2020 |  |  | 134,887 |
July 2020-June 2021 |  |  | 55,121 |
July 2021-June 2022 |  |  | 17,522 |
Thereafter |  |  | - |
Total |  | $ | 740,352 |
The Company has pledged $444,482 of cash as collateral against debt. This restricted cash amount is included in restricted cash and long-term restricted cash as of June 30, 2018. The Company recorded $4,390 and $14,205 in interest expense for the three months and nine months ended June 30, 2018, respectively in the condensed consolidated statements of operations in connection with the above referenced debt.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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