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LINES OF CREDIT AND LONG-TERM LIABILITIES (Tables)

9 Months Ended

Jun. 30, 2023

SCHEDULE OF LINES OF CREDIT AND LIABILITIES

The following table outlines the Company’s lines of credit and secured liabilities.

					June 30,			September 30,
	Interest Rate		Maturity		2023			2022
Fulton Bank line of credit $3,500,000 - The terms of this line of credit are subject to the bank’s review annually on February 1.	Secured Overnight Financing Rate (“SOFR”) plus 2.37% (7.46% as of June 30, 2023 and 5.35% as of September 30, 2022)			N/A	$	-		$	-

Fulton Bank loan $5,250,000 for the purchase of AIS $5,000,000 of the proceeds went to the direct purchase of AIS.	SOFR plus 2.37%(7.46% as of June 30, 2023 and 5.35% as of September 30, 2022)			12-15-2022		-			247,284

Fulton Bank loan $400,000 fund equipment for AIS.	SOFR plus 2.37% (7.46% as of June 30, 2023 and 5.35% as of September 30, 2022)			05-01-2023		-			63,280

Fulton Bank - $360,000 fund equipment for AIS. The Company was in compliance with loan covenants as of June 30, 2023. This loan is secured by certain assets of the Company.	SOFR plus 2.37% (7.46% as of June 30, 2023 and 5.35% as of September 30, 2022).			01-31-2025		128,086			183,839

Fulton Bank mortgage $2,476,000. The Company was in compliance with loan covenants as of June 30, 2023. This loan is secured by the underlying asset	SOFR plus 2.62% (7.71% as of June 30, 2023 and 5.6% as of September 30, 2022).			01-28-2040		2,195,515			2,245,664

Note payable - $439,774. For the purchase of VDI. Payable in two installments on October 26, 2021, and October 26, 2022.	5	%		10-26-2022		-			219,370

Note payable - $5,755,000 - Less original issue discount $750,000 and legal fees $5,000, net cash received $5,000,000 Unamortized original issue discount balance of $0 and $250,000, as of June 30, 2023 and September 30, 2022 respectively.	8	%		06-30-2024		4,899,908			4,943,929

Note payable - $9,205,000. Less original issue discount $1,200,000 and legal fees $5,000,net cash received $8,000,000. 28,572 shares of common stock valued at $700,400 recognized as additional original issue discount. Unamortized original issue discount balance of $105,578 and $1,064,778 as of June 30, 2023 and September 30, 2022 respectivly.	8	%		08-23-2023		10,491,283			9,738,632

Term Loan Agreement with NIL Funding Corporation (“NIL”) - $5,600,000 The Company was in compliance with loan covenants as of June 30, 2023.	11.50	%		12-31-2024		2,179,743			2,804,743

Paycheck Protection Program loan - $121,400 - The issuing bank determined that this loan qualifies for loan forgiveness; however the Company is awaiting final approval from the Small Business Administration.	1	%		05-05-2025		101,246			121,400

Software License Agreement - $1,125,000, for the purchase of software source code for use in our Security segment products	N/A			06-03-2024		900,000			-
Total lines of credit and secured liabilities					$	20,895,781		$	20,568,141
Less: Current maturities						(17,185,167	)		(16,894,743	)
Less: Unamortized original issue discount						(105,578	)		(1,305,778	)
Lines of credit and secured liabilities, Long Term					$	3,605,036		$	2,367,620