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Note 7 - Long-term Debt

9 Months Ended

Jun. 30, 2022

7. Long-term debt

On March 1, 2021, the Company assumed the outstanding long-term debt obligations of an acquired business and issued a seller note to one of the selling shareholders (see Note 14). The assumed debt obligations and seller note are denominated in Euros.

Long-term debt consisted of the following:

	As of June 30, 2022			As of September 30, 2021
Vendor loan payable (“Vendor loan”), accruing interest at 3.0% per annum. Principal and interest are payable in two lump-sum installments and the loan matures on March 1, 2023.	$	315		$	718
Term loan payable, accruing interest at fixed rates ranging between 0.99% to 1.5% per annum, payable in monthly or quarterly payments of interest and principal and matures on October 10, 2022.		114			362
Term loan payable, accruing interest at 1.3% per annum, payable in quarterly installments starting in April 2023 and matures on July 31, 2028.		420			466
Seller’s note payable (“Seller’s note”), due to one of the selling shareholders, accruing interest at a fixed rate of 4.0% per annum. The Seller’s note is payable over five installments and matures in September 2025.		314			383
Total debt		1,163			1,929
Less: current portion		(448	)		(732	)
Long-term debt, net of current portion	$	715		$	1,197

At June 30, 2022, future maturities of long-term debt are as follows:

Fiscal year:
2022 (remaining)	$	68
2023		462
2024		202
2025		202
2026		76
Thereafter		153
Total long-term debt	$	1,163