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Outstanding Indebtedness

12 Months Ended

Sep. 30, 2019

NOTE 12 – OUTSTANDING INDEBTEDNESS

On September 30, 2019 and 2018 the Company’s total net debt outstanding consisted of the amounts set forth in the following table.

	September 30,			September 30,
	2019			2018
Short-term liabilities	$	6,840,252		$	50,619
Long-term Liabilities, net of current portion⁽¹⁾		5,058,187			3,612,626
Total Debt		11,898,439			3,663,245
Less Cash and Cash equivalents		(1,769,994	)		(973,772	)
Net Debt		10,128,445			2,689,473

(1)

Amounts are net of unamortized debt issuance costs of $544,778 at September 30, 2019 and $0 at September 30, 2018.