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Note 10 - Prepaid Expenses and Other

6 Months Ended

Mar. 31, 2024

Prepaid Expenses And Other Disclosure [Text Block]

10.

PREPAID EXPENSES AND OTHER

Prepaid expenses and other current assets consisted of the following:

	March 31,		September 30,
	2024		2023
Deposits for inventory	$	123	$	301
Prepaid insurance		477		264
Dues and subscriptions		661		261
Prepaid professional services		541		136
Prepaid commissions		544		417
Bid guarantee deposit		3,500		-
Trade shows and travel		156		150
Canadian goods and services and harmonized sales tax receivable		71		123
Other		251		199
	$	6,324	$	1,851

Deposits for inventory

Deposits for inventory consisted of cash payments to vendors for inventory to be delivered in the future.

Prepaid insurance

Prepaid insurance consisted of premiums paid for health, commercial and corporate insurance. These premiums are amortized on a straight-line basis over the term of the agreements.

Dues and subscriptions

Dues and subscriptions consisted of payments made in advance for software subscriptions and trade and professional organizations. These payments are amortized on a straight-line basis over the term of the agreements.

Prepaid professional services

Prepaid professional services consist of payments made in advance for services such as accounting, consulting and legal services.

Prepaid commissions

Prepaid commissions represented the current portion of sales commissions paid in connection with obtaining a contract with a customer. These costs are deferred and are amortized on a straight-line basis over the period of benefit, which is typically between three and five years. Amortization of prepaid commissions is included in selling, general and administrative expenses in the accompanying condensed consolidated statement of operations.

Bid guarantee deposit

The bid guarantee deposit is a contractually required security deposit to ensure the execution of contractual documents and construction commencement within the agreed upon timeline. The deposit is held by the Puerto Rico Electric Power Authority and will be returned to the Company when the final contract is signed.

Trade shows and travel

Trade shows and travel consisted of payments made in advance for trade show events.

Canadian goods and services and harmonized sales tax receivable

The goods and services tax and harmonized sales tax (“GST/HST”) is a Canadian value-added tax that applies to many goods and services. Registrants may claim refundable tax credits for GST/HST incurred through filing periodic tax returns. This GST/HST receivable is a receivable from the Canadian Revenue Agency.