Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Sep. 30, 2023 | Dec. 15, 2023 | Mar. 31, 2023 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001029744 | ||
Entity Registrant Name | SONIC FOUNDRY INC | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --09-30 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Sep. 30, 2023 | ||
Document Transition Report | false | ||
Entity File Number | 000-30407 | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 39-1783372 | ||
Entity Address, Address Line One | 222 W. Washington Ave | ||
Entity Address, City or Town | Madison | ||
Entity Address, State or Province | WI | ||
Entity Address, Postal Zip Code | 53703 | ||
City Area Code | 608 | ||
Local Phone Number | 443-1600 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 6,424,001 | ||
Entity Common Stock, Shares Outstanding | 12,139,360 | ||
Auditor Name | Wipfli LLP | ||
Auditor Firm ID | 344 | ||
Auditor Location | Minneapolis, Minnesota |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Sep. 30, 2023 | Sep. 30, 2022 |
Current assets: | ||
Cash and cash equivalents | $ 840,000 | $ 3,299,000 |
Accounts receivable, net of allowances of $245 and $53 | 4,000,000 | 4,923,000 |
Inventories, net | 1,855,000 | 1,462,000 |
Investment in sales-type lease, current | 481,000 | 281,000 |
Capitalized commissions, current | 345,000 | 224,000 |
Prepaid expenses and other current assets | 603,000 | 945,000 |
Total current assets | 8,124,000 | 11,134,000 |
Property and equipment: | ||
Leasehold improvements | 1,416,000 | 1,460,000 |
Computer equipment | 5,850,000 | 9,274,000 |
Furniture and fixtures | 1,583,000 | 1,405,000 |
Total property and equipment | 8,849,000 | 12,139,000 |
Less accumulated depreciation and amortization | 7,211,000 | 8,705,000 |
Property and equipment, net | 1,638,000 | 3,434,000 |
Other assets: | ||
Investment in sales-type lease, long-term | 466,000 | 221,000 |
Capitalized commissions, long-term | 43,000 | 42,000 |
Right-of-use assets under operating leases | 1,547,000 | 2,053,000 |
Deferred tax asset | 0 | 275,000 |
Software development costs, net of accumulated amortization and impairment | 137,000 | 2,445,000 |
Other long-term assets | 308,000 | 296,000 |
Total assets | 12,263,000 | 19,900,000 |
Current liabilities: | ||
Accounts payable | 2,094,000 | 1,904,000 |
Accrued liabilities | 1,140,000 | 1,521,000 |
Current portion of unearned revenue | 8,510,000 | 8,599,000 |
Current portion of finance lease obligations | 6,000 | 10,000 |
Current portion of operating lease obligations | 986,000 | 1,147,000 |
Current portion of notes payable and warrant debt, net of discounts | 318,000 | 565,000 |
Total current liabilities | 20,861,000 | 13,746,000 |
Long-term portion of unearned revenue | 1,383,000 | 1,140,000 |
Long-term portion of finance lease obligations | 13,000 | 15,000 |
Long-term portion of operating lease obligations | 633,000 | 975,000 |
Long-term portion of notes payable and warrant debt, net of discounts | 558,000 | 356,000 |
Other liabilities | 102,000 | 90,000 |
Total liabilities | 26,002,000 | 16,322,000 |
Commitments and contingencies | ||
Stockholders’ (deficit) equity: | ||
Preferred stock | 0 | 0 |
Common stock, $.01 par value, authorized 25,000,000 shares; 12,152,076 and 10,905,649 shares issued and 12,139,360 and 10,892,933 shares outstanding | 122,000 | 109,000 |
Additional paid-in capital | 220,052,000 | 218,145,000 |
Accumulated deficit | (232,873,000) | (213,525,000) |
Accumulated other comprehensive loss | (871,000) | (982,000) |
Treasury stock, at cost, 12,716 shares | (169,000) | (169,000) |
Total stockholders’ (deficit) equity | (13,739,000) | 3,578,000 |
Total liabilities and stockholders’ (deficit) equity | 12,263,000 | 19,900,000 |
Series A Preferred Stock [Member] | ||
Stockholders’ (deficit) equity: | ||
Preferred stock | 0 | 0 |
Series B Preferred Stock [Member] | ||
Stockholders’ (deficit) equity: | ||
Preferred stock | 0 | 0 |
Related Party [Member] | ||
Current liabilities: | ||
Current portion of notes payable due to related parties | 7,807,000 | 0 |
Long-term portion of notes payable due related parties | $ 2,452,000 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Accounts receivable, allowances | $ 245 | $ 53 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 500,000 | 500,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
Common stock, shares issued (in shares) | 12,152,076 | 10,905,649 |
Common stock, shares outstanding (in shares) | 12,139,360 | 10,892,933 |
Treasury Stock, Common, Shares (in shares) | 12,716 | 12,716 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 4,500 | 4,500 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, dividend rate | 9% | 9% |
Preferred stock, liquidation preference (in dollars per share) | $ 1,000 | $ 1,000 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, dividend rate | 5% | 5% |
Preferred stock, liquidation preference (in dollars per share) | $ 0.01 | $ 0.01 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Revenue: | ||
Revenue | $ 22,109 | $ 27,466 |
Cost of revenue: | ||
Cost of revenue | 9,255 | 8,653 |
Gross margin | 12,854 | 18,813 |
Operating expenses: | ||
Selling and marketing | 10,482 | 12,264 |
General and administrative | 4,987 | 5,933 |
Product development | 11,022 | 7,539 |
Impairment of capitalized software development | 3,769 | 0 |
Total operating expenses | 30,260 | 25,736 |
Loss from operations | (17,406) | (6,923) |
Non-operating income (expenses): | ||
Interest expense, net | (1,770) | (31) |
Other expense, net | 60 | (364) |
Total non-operating expense | (1,710) | (395) |
Loss before income taxes | (19,116) | (7,318) |
Income tax (expense) benefit | (232) | 235 |
Net loss | $ (19,348) | $ (7,083) |
Loss per common share: | ||
Basic net loss per common share (in dollars per share) | $ (1.62) | $ (0.72) |
Diluted net loss per common share (in dollars per share) | $ (1.62) | $ (0.72) |
Weighted average common shares – Basic (in shares) | 11,953,389 | 9,899,724 |
– Diluted (in shares) | 11,953,389 | 9,899,724 |
Product and Other [Member] | ||
Revenue: | ||
Revenue | $ 6,099 | $ 8,135 |
Cost of revenue: | ||
Cost of revenue | 2,898 | 3,054 |
Service [Member] | ||
Revenue: | ||
Revenue | 16,010 | 19,331 |
Cost of revenue: | ||
Cost of revenue | $ 6,357 | $ 5,599 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Net loss | $ (19,348) | $ (7,083) |
Other comprehensive income (loss) | ||
Foreign currency translation adjustment | 111 | (364) |
Comprehensive loss | $ (19,237) | $ (7,447) |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Thousands | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Treasury Stock, Common [Member] | Total |
Balance at Sep. 30, 2021 | $ 0 | $ 91 | $ 213,278 | $ (206,442) | $ (618) | $ (169) | $ 6,140 |
Stock compensation | 0 | 0 | 747 | 0 | 0 | 0 | 747 |
Issuance of common stock | 0 | 17 | 3,999 | 0 | 0 | 0 | 4,016 |
Stock option exercise | 0 | 1 | 121 | 0 | 0 | 0 | 122 |
Foreign currency translation adjustment | 0 | 0 | 0 | 0 | (364) | 0 | (364) |
Net Income (loss) | 0 | 0 | 0 | (7,083) | 0 | 0 | (7,083) |
Balance at Sep. 30, 2022 | 0 | 109 | 218,145 | (213,525) | (982) | (169) | 3,578 |
Stock compensation | 0 | 0 | 498 | 0 | 0 | 0 | 498 |
Issuance of common stock | 0 | 13 | 1,407 | 0 | 0 | 0 | 1,420 |
Stock option exercise | 0 | 0 | 2 | 0 | 0 | 0 | 2 |
Foreign currency translation adjustment | 0 | 0 | 0 | 0 | 111 | 0 | 111 |
Net Income (loss) | 0 | 0 | 0 | (19,348) | 0 | 0 | (19,348) |
Balance at Sep. 30, 2023 | $ 0 | $ 122 | $ 220,052 | $ (232,873) | $ (871) | $ (169) | $ (13,739) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Operating activities | ||
Net loss | $ (19,348) | $ (7,083) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Amortization of software development costs | 33 | 0 |
Amortization of warrant debt, debt discount, debt issuance costs, and loan premium | 635 | 31 |
Impairment of capitalized software development | 3,769 | 0 |
Depreciation and amortization of property and equipment | 2,265 | 1,305 |
Deferred income taxes | 290 | (235) |
Loss on sale of fixed assets | 11 | 36 |
Loss on impairment of fixed assets | 0 | 328 |
Provision for doubtful accounts | 185 | (50) |
Stock-based compensation expense related to stock options | 498 | 747 |
Stock issued for board of director’s fees | 42 | 49 |
Remeasurement gain on derivative liability | 0 | (53) |
Changes in operating assets and liabilities: | ||
Accounts receivable | 801 | (37) |
Inventories | (402) | (1,034) |
Investment in sales-type lease | (449) | 143 |
Capitalized commissions | (122) | 170 |
Prepaid expenses and other current assets | 355 | 12 |
Right-of-use assets under operating leases | 451 | 222 |
Operating lease obligations | (449) | (213) |
Other long-term assets | (20) | 365 |
Accounts payable and accrued liabilities | (27) | 530 |
Other long-term liabilities | 15 | 90 |
Unearned revenue | 144 | (881) |
Net cash used in operating activities | (11,323) | (5,558) |
Investing activities | ||
Purchases of property and equipment | (550) | (2,596) |
Capitalization of software development costs | (1,494) | (2,445) |
Net cash used in investing activities | (2,044) | (5,041) |
Financing activities | ||
Payments on notes payable | (383) | 0 |
Payment on debt issuance costs | (193) | 0 |
Proceeds from issuance of common stock and warrants, net of issuance costs | 1,215 | 3,967 |
Proceeds from exercise of common stock options | 2 | 122 |
Payments on finance lease obligations | (7) | (75) |
Net cash provided by financing activities | 10,972 | 4,455 |
Changes in cash and cash equivalents due to changes in foreign currency | (64) | (546) |
Net decrease in cash and cash equivalents | (2,459) | (6,690) |
Cash and cash equivalents at beginning of year | 3,299 | 9,989 |
Cash and cash equivalents at end of year | 840 | 3,299 |
Supplemental cash flow information: | ||
Interest paid | 1,005 | 2 |
Income taxes paid, foreign | 0 | 88 |
Non-cash financing and investing activities: | ||
Property and equipment financed by finance lease or accounts payable | 19 | 73 |
Equity warrant issued in conjunction with notes payable due to related parties | 163 | 0 |
Nonrelated Party [Member] | ||
Financing activities | ||
Proceeds from notes payable | 338 | 441 |
Related Party [Member] | ||
Financing activities | ||
Proceeds from notes payable | $ 10,000 | $ 0 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Significant Accounting Policies | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 1. Basis of Presentation and Significant Accounting Policies Business Sonic Foundry, Inc. a global leader in developing comprehensive video recording and streaming solutions for corporations, health organizations and government. Sonic Foundry’s brands include Mediasite® and Mediasite Connect, our video recording and streaming platform, Vidable™, our AI-powered solution for enhancing and analyzing video, and Global Learning Exchange™ which brings virtual higher education to students in emerging countries. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Sonic Foundry Media Systems, Inc., Sonic Foundry International B.V. (formerly Media Mission B.V.) and Mediasite K.K. All significant intercompany transactions and balances have been eliminated. Liquidity and Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern. In fiscal year 2023, 2022, September 30, 2023 not However, management has considered its plans to continue the Company as a going concern and believes substantial doubt is alleviated. Management developed a plan to improve liquidity in its operations through reductions in expenses, incentives to accelerate cash collections, monetization of excess inventory, utilization of the final $500,000 tranche available under its credit agreement with Mark Burish, second third 12 twelve Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America (US GAAP), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expense during the period. Actual results could differ from those estimates. Assets Recognized from the Costs to Obtain a Contract with a Customer Sales commissions and related expenses are considered incremental and recoverable costs of acquiring customer contracts. These costs are capitalized and amortized on a straight-line basis over the anticipated period of benefit, which we have determined to be the contract period, typically around 12 Revenue Recognition We generate revenues in the form of hardware sales of our Mediasite recorder and Mediasite related products, such as our server software and other software licenses and related customer support and services fees, including hosting, installations and training, and events services. Software license revenues include fees from sales of perpetual, hosted, and term licenses. Maintenance and services revenues primarily consist of fees for maintenance services (including support and unspecified upgrades and enhancements when and if they are available), hosting, installation, training and other professional services. Invoices are issued when a customer contract, purchase order or signed quote is obtained from the customer. No not Products Products are considered delivered, and revenue is recognized, when title and risk of loss have been transferred to the customer or upon customer acceptance if non-delivered products or services are essential to the functionality of delivered products. Under the terms and conditions of the sale, this occurs at the time of shipment to the customer. Product revenue currently represents sales of our Mediasite recorder and Mediasite related products such as our server software and other software licenses. Services The Company sells support and content hosting contracts to our customers, typically one one one one Revenue Recognition In accordance with Accounting Standards Codification (“ASC”) Topic 606, 606, five 1. Identify the contract with a customer. 1 2 3 4 5 2. Identify the performance obligations in the contract. may may one not 3. Determine the transaction price. 4. Allocate the transaction price to performance obligations in the contract. not 5. Recognize revenues when or as the company satisfies a performance obligation. Our contract payment terms are typically net 30 may not may not Our revenues are recorded based on the transaction price, excluding amounts collected on behalf of third Nature of Products and Services Certain software licenses are sold either on-premise or through term-based hosting agreements. These hosting arrangements provide customers with the same product functionality and differ mainly in the duration over which the customer benefits from the software. We deliver our software licenses electronically. Electronic delivery occurs when we provide the customer with access to the software and license key via a secure portal. Revenue from on-premise software licenses is generally recognized upfront at the point in time when the software is made available to the customer. Revenue from term-based hosted licenses is recognized ratably over the term of the agreement. Our contracts with customers for on-premise and hosted software licenses include maintenance services and may In the case of the Company’s hardware products with embedded software, the Company has determined that the hardware and software components function together to deliver the product’s essential functionality, and therefore, are considered to be one The Company also offers hosting services bundled with events services. The Company recognizes events revenue when the event takes place and recognizes the hosting revenue over the term of the hosting agreement. Judgments and Estimates Our contracts with customers often include promises to transfer multiple products and services. Determining whether products and services are considered distinct performance obligations that should be accounted for separately from one Judgment is required to determine standalone selling prices (“SSP”) for each distinct performance obligation. We typically have more than one Concentration of Credit Risk and Other Risks and Uncertainties At September 30, 2023, one not not not The Company’s wholly-owned subsidiaries operate in Japan and the Netherlands, and utilize the Japanese Yen and Euro, respectively, as their functional currency. Assets and liabilities of the Company’s foreign operations are translated into US dollars at period end exchange rates while revenues and expenses are translated using average rates for the period. Gains and losses from the translation are deferred and included in accumulated other comprehensive loss on the consolidated statements of comprehensive gain (loss). During fiscal 2023, 2022. We assess the realization of our receivables by performing ongoing credit evaluations of our customers’ financial condition. Through these evaluations, we may may not September 30, 2023 September 30, 2022. We continually evaluate our customer concentration with respect to accounts receivable and determined that it is generally diversified due to the large number of entities comprising the Company’s customer base and their dispersion across geographic areas within the United States and internationally. As of September 30, 2023 September 30, 2022, 10% Currently the majority of our product inventory purchases are from one third September 30, 2023 2022 third third Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three Trade Accounts Receivable The majority of the Company’s accounts receivable are due from entities in, or distributors or value-added resellers to, the education, corporate and government sectors. Credit is extended based on evaluation of a customer’s financial condition and, generally, collateral is not 30 not Investment in Sales-Type Lease The Company entered into sales-type lease arrangements with certain customers, consisting of recorders leased in which ownership will transfer with terms ranging from 1-5 years. Revenue generated from sales-type lease arrangement totaled $709 thousand and $712 thousand during fiscal 2023 2022, Investment in sales-type leases consisted of the following (in thousands) as of September 30, 2023: Investment in sales-type lease, gross: 2024 $ 481 2025 299 2026 167 Gross investment in sales-type lease 947 Less: Unearned income — Total investment in sales-type lease $ 947 Current portion of total investment in sales-type lease $ 481 Long-term portion of total investment in sales-type lease 466 $ 947 Inventory Inventory consists of raw materials and supplies used in the assembly of Mediasite recorders and finished units. Inventory of completed units and spare parts are carried at the lower of cost or net realizable value, with cost determined on a first first Inventory consists of the following (in thousands): September 30, 2023 2022 Raw materials and supplies $ 517 $ 507 Finished goods 1,439 1,062 Less: Obsolescence reserve (101 ) (107 ) Inventories $ 1,855 $ 1,462 Software Development Costs Software development costs incurred in conjunction with product development are charged to research and development expense until technological feasibility is established. Thereafter, until the product is released for sale, software development costs incurred in the application development stage are capitalized and reported at the lower of amortized cost or net realizable value of the related product. During fiscal year 2023 2022, During the quarter ended June 30, 2023, 2023 September 2023 2022 September 30, 2023 2023 2022 In the quarter ended September 30, 2023, not September 30, 2023, Property and Equipment Property and equipment are recorded at cost and are depreciated using the straight-line method for financial reporting purposes. The estimated useful lives used to calculate depreciation are as follows: Years Leasehold improvements 5 to 15 Computer equipment 1.5 to 5 Furniture and fixtures 3 to 15 Depreciation expense for equipment used in the US data center, UK data center, and Europe (EU) data centers are included in cost of revenue while depreciation on other assets is included in operating expense. In August 2022, January 2023; July 2023; January 2024. 2022, 360, not 2023 September 30, 2023 2022, Impairment of Long-Lived Assets US GAAP requires that long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount of the asset group may not September 30, 2023, 1 2 September 30, 2022, no September 30, 2023, Asset Retirement Obligation An asset retirement obligation (“ARO”) associated with the retirement of a tangible long-lived asset is recognized as a liability in the period in which it is incurred or becomes determinable, with an associated increase in the carrying amount of the related long-term asset. The cost of the tangible asset, including the initially recognized asset retirement cost, is depreciated over the useful life of the asset. As of September 30, 2023 2022, A summary of the changes in the ARO is included in the table below (amounts in thousands): Asset retirement obligation at September 30, 2021 $ 129 Settlement of ARO (129 ) Additional ARO for new office lease 95 Accretion expense 1 Foreign currency changes (19 ) Asset retirement obligation at September 30, 2022 77 Accretion expense 15 Foreign currency changes (2 ) Asset retirement obligation at September 30, 2023 $ 90 Comprehensive Income (Loss) Comprehensive income (loss) includes disclosure of financial information that historically has not not Advertising Expense Advertising costs included in selling and marketing, are expensed when the advertising first September 30, 2023 2022, Research and Development Costs Research and development costs relate to product development and are expensed in the period incurred, unless they meet the criteria for capitalized software development costs. Income Taxes Deferred tax assets and liabilities are determined based on differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. We do not We make judgments regarding the realizability of our deferred tax assets. The balance sheet carrying value of our net deferred tax assets is based on whether we believe that it is more likely than not may not As of September 30, 2023 2022, not not” September 30, 2023 2022 , not " The Company also accounts for the uncertainty in income taxes related to the recognition and measurement of a tax position and measurement of a tax position taken or expected to be taken in an income tax return. The Company follows the applicable accounting guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure related to the uncertainty in income tax positions. Fair Value of Financial Instruments In determining the fair value of all financial assets and liabilities, the Company currently utilizes market data or other assumptions that it believes market participants would use in pricing the asset or liability in the principal or most advantageous market and adjusts for non-performance and/or other risk associated with the Company as well as counterparties, as appropriate. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one Level 1 Level 2 1 Level 3 not A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy gives the highest priority to Level 1, 3. Nonrecurring Fair Value Measurements The Company applies the fair value measurement standards to its non-recurring, non-financial assets and liabilities measured at fair value. During fiscal 2023, September 30, 2023. 3 Financial Instruments Not The Company's other financial instruments consist primarily of cash and cash equivalents, accounts receivable, investment in sales-type lease, accounts payable and debt instruments and lease obligations. The book values of cash and cash equivalents, accounts receivable, investment in sales-type lease, and accounts payable are considered to be representative of their respective fair values due to their short term nature. The carrying value of lease obligations and debt including the current portion, approximates fair market value as the variable and fixed rate approximates the current market rate of interest available to the Company. Legal Contingencies When legal proceedings are brought or claims are made against the Company and the outcome is uncertain, we are required to determine whether it is probable that an asset has been impaired, or a liability has been incurred. If such impairment or liability is probable, and the amount of loss can be reasonably estimated, the loss must be charged to earnings. No legal contingencies were recorded for either of the years ended September 30, 2023 2022. Stock-Based Compensation The Company uses a lattice valuation model to account for all employee stock options granted. The lattice valuation model is a more flexible analysis to value options because of its ability to incorporate inputs that change over time, such as actual exercise behavior of option holders. The Company uses historical data to estimate the option exercise and employee departure behavior in the lattice valuation model. Expected volatility is based on historical volatility of the Company’s stock. The Company considers all employees to have similar exercise behavior and therefore has not three The fair value of each option grant is estimated using the assumptions in the following table: Years Ending September 30, 2023 2022 Expected life (years) 5.5 – 5.7 4.9 – 5.3 Risk-free interest rate 3.57% – 4.50% 1.07% – 3.03% Expected volatility 67.61% – 68.99% 64.83% – 67.21% Expected forfeiture rate 9.70% – 9.94% 14.65% – 20.00% Expected exercise factor 1.87 – 2.01 2.02 – 2.03 Expected dividend yield 0% 0% Preferred Stock and Dividends The Company considered relevant guidance when accounting for the issuance of preferred stock and determined that the preferred shares met the criteria for equity classification. Dividends accrued on preferred shares will be shown as a reduction to net income (or an increase in net loss) for purposes of calculating earnings per common share. See Note 5 Per Share Computation Basic earnings (loss) per share has been computed using the weighted-average number of shares of common stock outstanding during the period, less shares that may Years Ending September 30, 2023 2022 Denominator for basic earnings (loss) per share -weighted average common shares 11,953,389 9,899,724 Effect of dilutive options and warrants (treasury method) — — Denominator for diluted earnings (loss) per share -adjusted weighted average common shares 11,953,389 9,899,724 Options and warrants outstanding during each year, but not included in the computation of diluted earnings (loss) per share because they are antidilutive 3,383,755 2,637,988 Restructuring and exit activities The determination of when the Company accrues for involuntary termination benefits under restructuring plans depends on whether the termination benefits are provided under an on-going benefit arrangement or under a one 712 712" Nonretirement Postemployment Benefits. 712, one 420 Exit or Disposal Cost Obligations. During the years ended September 30, 2023 2022 712 During the year ended September 30, 2023, 420, 712 420 September 30, 2023 2022, Recent Accounting Pronouncements Financial Instruments - Credit Losses ( ASU 2016 13 In June 2016, 2016 13, 326 2016 13" not not December 15, 2022, not Segment Reporting Improvements to Reportable Segments Disclosures (ASU 2023 07 In November 2023, 2023 07, one December 15, 2023, December 15, 2024. not Accounting standards that have been issued by the FASB, or other standards-setting bodies, that are not not |
Note 2 - Commitments
Note 2 - Commitments | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | 2. Leases The Company has operating leases for corporate office space with various expiration dates. Our leases have remaining lease terms of up to four five one We determine if an arrangement is a lease upon contract inception. The Company has both operating and finance leases. Right-of-use assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments according to the arrangement. A contract contains a lease if the contract conveys the right to control the use of the identified property, plant or equipment for a period of time in exchange for consideration. At commencement, contracts containing a lease are further evaluated for classification as an operating or finance lease where the Company is a lessee, or as an operating, sales-type or direct financing lease where the Company is a lessor, based on their terms. Lease right-of-use assets and lease liabilities are recognized as of the commencement date based on the present value of the lease payments the lease term. The lease right-of use asset is reduced for tenant incentives and includes any initial direct costs incurred. We use the implicit rate when it is readily determinable. Otherwise, the present value of future minimum lease payments is determined using the Company's incremental borrowing rate. The incremental borrowing rate is based on the interest rate of the Company's most recent borrowing. The lease term we use for the valuation of our right-of-use assets and lease liabilities may Right-of-use assets and lease liabilities are recognized for our operating and finance leases. Right-of-use assets under finance leases are included in property and equipment on the consolidated balance sheets and have a net carrying value of $15 thousand at September 30, 2023 September 30, 2022. We have operating lease arrangements with lease and non-lease components. The non-lease components in our arrangements are not As of September 30, 2023, September 30 Operating Leases Finance Leases 2024 $ 1,030 $ 6 2025 416 5 2026 184 5 2027 77 2 2028 — 2 Total 1,707 20 Less: imputed interest (88 ) (1 ) Total $ 1,619 $ 19 Supplemental information related to leases is as follows (in thousands, except lease term and discount rate): Fiscal Year Ended September 30, 2023 September 30, 2022 Operating lease costs $ 1,202 $ 1,370 Variable operating lease costs 40 23 Total operating lease cost $ 1,242 $ 1,393 Finance lease cost: Amortization of right-of-use assets $ 4 $ 69 Interest on lease liabilities — 4 Total finance lease cost $ 4 $ 73 Variable lease costs include operating costs for U.S. office lease based on square footage and Consumer Price Index ("CPI") rent escalation and related VAT for office lease in the Netherlands. Supplemental cash flow information related to operating and finance leases were as follows (in thousands): Fiscal Year Ended September 30, 2023 September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 1,210 $ 1,271 Operating cash outflows for finance leases 4 4 Financing cash outflows for finance leases 7 75 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 183 $ 338 Finance leases 8 — Other information related to leases was as follows: September 30, 2023 September 30, 2022 Weighted average remaining lease term (in years) Operating leases 2.0 2.4 Finance leases 3.6 2.9 Weighted average discount rate Operating leases 4.29 % 2.30 % Finance leases 2.61 % 2.65 % Other Commitments The Company enters into unconditional purchase commitments on a regular basis for the supply of Mediasite product for hardware inventory, as well as services to support its hosting environment, which are not September 30, 2023, 2024 2025. |
Note 3 - Credit Arrangements
Note 3 - Credit Arrangements | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 3. Partners for Growth V, L.P. On May 11, 2018, “2018 2018 May 2021. 2018 May 11, 2023 September 30, 2023 September 30, 2023, September 30, 2022, 2018 2023 2022 The proceeds from the 2018 three five 2023, 2022, Line of Credit dated July 28, 2021 The Company entered into a Revolving Credit Agreement (the “Credit Agreement”) with U.S. Bank National Association (the “Bank”) on July 28, 2021. may 1 2 3 The Credit Agreement had a maturity date of March 31, 2023, one 1 1.20:1 2 no 3.00:1 March 30, 2022 In connection with the Credit Agreement, the Company entered into the Stock Pledge Agreement with the Bank, as a condition of the Credit Loan. Upon default, the Bank shall have the right to transfer and claim the securities of the subsidiaries, Sonic Foundry International B.V. in Netherland and Mediasite K.K. in Japan. Amendment to Line of Credit dated March 30, 2022 The Company entered into an amendment to the Credit Agreement with the Bank on March 30, 2022. one zero one July 28, 2022 March 31, 2023. Termination of Line of Credit dated November 14, 2022 On November 14, 2022, Loan and Security Agreement with Neltjeberg Bay Enterprises, LLC dated November 16, 2022 On November 16, 2022, June 1, 2023. 2023 1 not 1.15:1.0; 2 six September December 2022 March June 2023 September 2023 3 six September 2022, December 2022 March, June September 2023. not September 30, 2023. December 1, 2025, September 30, 2023. December 22, 2023 Security Agreement and Promissory Note with Mark Burish dated November 16, 2022 Simultaneously with the closing above, the Company closed a Security Agreement and Promissory Note with Mark Burish (“Burish”), Chairman of the Company's Board of Directors, for $3,000,000. The note carries the same maturity date, interest rate and fees as the note with NBE and is subordinate to the NBE Loan and Security Agreement. The Company expensed $175 thousand during fiscal 2023 Subscription Agreement and Warrant with Mark Burish dated November 16, 2022 The Company entered into a Subscription Agreement with Burish and Warrant whereby Burish purchased $1,200,000 of common stock at a price equal to the average closing bid price on the five November 16, 2027. April 27, 2023, may Amendment to Loan Agreement with Neltjeberg Bay Enterprises, LLC dated May 18, 2023 The Company entered into an Amendment to Loan and Security Agreement (the "NBE Amendment") with Neltjeberg Bay Enterprises, LLC and effective May 18, 2023 June 1, 2023, September 1, 2023, may 15th no first Amendment to Loan Agreement with Mark Burish dated May 31, 2023 On May 31, 2023, June 1, 2023, September 1, 2023, may 15 th no first The Burish Amendment further provides for an increase to the original principal amount of $3,000,000 by up to an additional $2,000,000 and permits the Company to request to borrow such additional amounts in one not Second and Third Amendment to Loan Agreement with Mark Burish dated December 6, 27, 2023 On December 6, 2023, December 27, 2023, December 2023 December 2023 Letter Agreement to Loan Agreement with Neltjeberg Bay Enterprises, LLC dated December 22, 2023 On December 22, 2023 not 5 September 30, 2023. Mark Burish and NBE are considered related parties. See Note 9. Notes Payable due to Related Parties NBE Burish Total Notes Payable due to Related Parties $ 5,500 $ 4,500 $ 10,000 Plus loan premium accrued 321 175 496 Less unamortized debt issuance costs (91 ) (48 ) (139 ) Less unamortized debt discount — (98 ) (98 ) Total Notes Payable due to Related Parties 5,730 4,529 10,259 Less current portion (5,730 ) (2,077 ) (7,807 ) Long term portion $ — $ 2,452 $ 2,452 Other Indebtedness On August 20, 2020, 19." 19, three three September 30, 2023. March 24, 2023, On March 24, 2023, 19, seven first three one February 29, 2024. September, 2023, On September 30, 2022, October 31, 2022 September 28, 2029. September 30, 2023, In the years ended September 30, 2023 2022, The annual principal payments on the outstanding notes payable and warrant debt are as follows: Fiscal Year (in thousands) 2024 $ 7,895 2025 2,186 2026 455 2027 109 2028 109 Thereafter 122 Add: Loan premium 496 Less: Discount on Notes Payable & Debt Issuance Costs (237 ) Total principal payments $ 11,135 |
Note 4 - Balance Sheet
Note 4 - Balance Sheet | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | 4. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands): September 30, 2023 2022 Prepaid expenses 442 693 Prepaid insurance 63 31 Other current assets 98 221 Total $ 603 $ 945 Prepaid expenses are amounts paid for services covering periods of performance beyond the balance sheet date such as tradeshow fees and service agreements. Prepaid insurance represents fees paid for insurance covering periods beyond the balance sheet date. Accrued Liabilities Accrued liabilities consist of the following (in thousands): September 30, 2023 2022 Accrued compensation $ 586 $ 778 Accrued expenses 309 602 Accrued interest & taxes 177 80 Other accrued liabilities 68 61 Total $ 1,140 $ 1,521 The Company accrues expenses as they are incurred. Accrued compensation includes wages, vacation, commissions, bonuses, and severance. Accrued expenses are mainly related to professional fees and amounts owed to suppliers. Other accrued liabilities include employee-related expenses. |
Note 5 - Stockholders' Equity (
Note 5 - Stockholders' Equity (Deficit) | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-Based Payments [Text Block] | 5. Stock Options and Employee Stock Purchase Plan On January 28, 2021, 2020 “2020 2009 "2009 2009 2020 may Each option entitles the holder to purchase one share of common stock at the specified option price. The exercise price of each option granted under the plans was set at the fair market value of the Company’s common stock at the respective grant date. Options vest at various intervals and expire at the earlier of termination of employment, discontinuance of service on the board of directors, ten The Company has applied a graded (tranche-by-tranche) attribution method and expenses share-based compensation on an accelerated basis over the vesting period of the share award, net of estimated forfeitures. The number of shares available for grant under these stockholder approved plans at September 30, Qualified Employee Director Stock Option Stock Option Plans Plan Shares available for grant at September 30, 2021 1,619,598 74,000 Remaining 2009 Plan shares cancelled (1,060,524 ) — Approval of additional 1 million shares Equity Incentive Stock Option Plan 1,000,000 — Options granted (877,250 ) (13,500 ) Options forfeited, cancelled, and expired 479,593 3,000 Shares available for grant at September 30, 2022 1,161,417 63,500 Approval of additional 1 million shares Equity Incentive Stock Option Plan 1,000,000 — Options granted (644,350 ) (8,500 ) Options forfeited, cancelled, and expired 198,105 6,000 Shares available for grant at September 30, 2023 1,715,172 61,000 The following table summarizes information with respect to outstanding stock options under all plans: Years Ended September 30, 2023 2022 Weighted Weighted Average Average Exercise Exercise Options Price Options Price Outstanding at beginning of year 2,095,538 $ 3.74 1,853,479 $ 4.44 Granted 652,850 0.84 890,750 3.17 Exercised (2,550 ) 0.66 (166,098 ) 1.98 Forfeited, cancelled, and expired (350,298 ) 3.72 (482,593 ) 5.99 Outstanding at end of year 2,395,540 $ 2.95 2,095,538 $ 3.74 Exercisable at end of year 1,533,870 $ 3.53 1,163,820 $ 4.15 Weighted average fair value of options granted during the year $ 0.41 $ 1.48 The weighted-average remaining contractual life of exercisable shares at September 30, 2023 The options outstanding at September 30, 2023 four Options Outstanding Options Exercisable Options Weighted Outstanding Average Weighted Options Weighted at Remaining Average Exercisable at Average September 30, Contractual Exercise September 30, Exercise Exercise Prices 2023 Life (in Years) Price 2023 Price $0.65 to $0.98 618,993 8.82 $ 0.82 168,093 $ 0.81 $1.00 to $2.99 685,946 7.14 $ 2.48 485,608 $ 2.37 $3.04 to $3.88 743,845 7.60 $ 3.41 541,935 $ 3.39 $4.05 to $10.92 346,756 3.32 $ 6.72 338,234 $ 6.78 2,395,540 1,533,870 As of September 30, 2023, September 30, 2022, A summary of the status of the Company’s non-vested shares under all plans at September 30, 2023 Weighted Average Grant Date Options Fair Value Non-vested options at September 30, 2021 583,458 1.43 Granted 890,750 1.48 Vested (456,174 ) 1.19 Forfeited (86,316 ) 1.21 Non-vested options at September 30, 2022 931,718 $ 1.57 Granted 652,850 0.41 Vested (502,870 ) 1.32 Forfeited (220,028 ) 1.10 Non-vested options at September 30, 2023 861,670 $ 0.84 Stock-based compensation recorded in the year ended September 30, 2023 September 30, 2022 September 30, 2023 2022 September 30, 2023 2022. The Company also has an Employee Stock Purchase Plan (Purchase Plan) under which an aggregate of 300,000 common shares may first 20 not may No first January July. first September 30, 2023. There were 20,703 and 19,353 shares purchased by employees during fiscal 2023 2022, 2023 2022, 2023 2022, Common Stock Warrants On April 16, 2018, April 13, 2018. April 16, 2025. On July 27, 2021, July 20, 2026. 9 On April 19, 2022, 6% April 19, 2027. On November 16, 2022, five November 16, 2027. April 27, 2023, may Wtd Ave. Warrants Outstanding Issued in Connection Amount Exercise Price Life in Yrs. Capital Raise 886,215 $ 2.13 3.2 Vendor Agreement 102,000 $ 3.06 3.6 988,215 $ 2.22 3.3 Preferred stock and dividends In May 2017, "9% September 30, 2023 2022, 9% The Company considered relevant guidance when accounting for the issuance of preferred stock and determined that the preferred shares meet the criteria for equity classification. Dividends accrued on preferred shares have been shown as a reduction to net income (or an increase in net loss) for purposes of calculating earnings per share. No September 30, 2023 2022. Common Stock Transactions On April 13, 2022, 45 The option to purchase additional shares was not 45 6 % The Underwriters Warrants shall be exercisable, in whole or in part, commencing 181 April 13, 2022, five first On April 19, 2022, On November 16, 2022, five Nasdaq Capital Market On January 24, 2022, January 25, 2022, August 10, 2022, no three January 6, 2023, $1 30 180 $1 ten 180 180 second On February 14, 2023, not 10 December 31, 2022, February 10, 2023, not 5550 1 no April 28, 2023, July 14, 2023, 5550 1 On July 6, 2023, not 5550 2 not $1 11 not second 180 5800 July 13, 2023, September 14, 2023 December 1, 2023 December 5, 2023. Increase in Authorized Shares of Common Stock On February 2, 2022, $.01 . |
Note 6 - Income Taxes
Note 6 - Income Taxes | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 6. Provision for income taxes consists of the following (in thousands): Years Ended September 30, 2023 2022 Current income tax expense U.S. $ — $ — Current income tax expense foreign — (7 ) Deferred income tax benefit 232 (228 ) Provision for income taxes $ 232 $ (235 ) Sonic Foundry, Inc. Annual Report on Form 10 For the Year Ended September 30, 2023 U.S. and foreign components of loss before income taxes were as follows (in thousands): Years Ended September 30, 2023 2022 U.S. $ (17,773 ) $ (3,115 ) Foreign (1,343 ) (4,203 ) Loss before income taxes $ (19,116 ) $ (7,318 ) The reconciliation of income tax expense (benefit) computed at the appropriate country specific rate to income tax benefit is as follows (in thousands): Years Ended September 30, 2023 2022 Income tax benefit at statutory rate $ (3,980 ) $ (1,537 ) State income tax expense 9 14 Foreign rate differential (88 ) (593 ) Permanent differences, net 246 425 Expiration of net operating losses 13 3,129 Change in valuation allowance 4,040 (1,894 ) Return to provision true-up 4 (13 ) Other (12 ) 234 Income tax (benefit) expense $ 232 $ (235 ) The significant components of the deferred tax accounts recognized for financial reporting purposes are as follows (in thousands): September 30, 2023 2022 Deferred tax assets: Net operating loss and other carryforwards $ 14,581 $ 15,189 Common stock options 1,082 1,038 Capitalized R&D 2,861 — Property, equipment, & software 1,343 101 Unearned revenue 304 271 Interest expense limitation 440 29 Lease liability 262 442 Other 222 209 Total deferred tax assets 21,095 17,279 Deferred tax liabilities: ROU - Asset (250 ) (431 ) Other (260 ) (252 ) Total deferred tax liabilities (510 ) (683 ) Net deferred tax asset 20,585 16,596 Valuation allowance (20,585 ) (16,321 ) Net deferred tax asset $ — $ 275 The Company has a $0 thousand and $275 thousand deferred tax asset at September 30, 2023 2022, September 30, 2022 At September 30, 2023, 20 2024 20 2037. 2024 2043. may September 30, 2023 September 30, 2022, Earnings of the Company’s foreign subsidiaries are generally subject to U.S. taxation upon repatriation to the U.S. and the Company’s tax provision reflects the related incremental U.S. tax except for certain foreign subsidiaries whose unremitted earnings are considered to be indefinitely reinvested. No deferred tax liability has been recognized with regard to the remittance of such earnings after MSKK and Sonic Foundry International BV acquisitions were completed. At September 30, 2023, In accordance with accounting guidance for uncertainty in income taxes, the Company has concluded that a reserve for income tax contingencies is not September 30, 2023 September 30, 2022 not September 30, 2023 2022. The Company is subject to taxation in the U.S., Netherlands, Japan and various state jurisdictions. All of the Company’s tax years from 2003 |
Note 7 - Savings Plan
Note 7 - Savings Plan | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | 7. The Company’s defined contribution 401 may September 30, 2023 2022, 2023 2022. |
Note 8 - Revenue
Note 8 - Revenue | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 8. Disaggregation of Revenues The following table summarizes revenues from contracts with customers for the years ended September 30, 2023 2022, Fiscal Year Ended September 30, 2023 SOFO SFI MSKK Eliminations Total Revenue: Hardware $ 3,363 $ 259 $ 524 $ (489 ) $ 3,657 Software 1,637 392 379 (311 ) 2,097 Shipping and other 320 25 - - 345 Product and other total 5,320 676 903 (800 ) 6,099 Support 4,224 460 898 (594 ) 4,988 Hosting 5,312 654 838 (223 ) 6,581 Events 2,612 7 936 - 3,555 Installs and training 784 256 - (154 ) 886 Services total 12,932 1,377 2,672 (971 ) 16,010 Total revenue $ 18,252 $ 2,053 $ 3,575 $ (1,771 ) $ 22,109 Fiscal Year Ended September 30, 2022 SOFO SFI MSKK Eliminations Total Revenue: Hardware $ 5,238 $ 409 $ 296 $ (526 ) $ 5,417 Software 2,062 399 407 (387 ) 2,481 Shipping and other 227 10 — — 237 Product and other total 7,528 818 703 (913 ) 8,135 Support 4,948 502 1,659 (699 ) 6,410 Hosting 5,446 879 1,087 (394 ) 7,018 Events 3,146 50 1,268 — 4,464 Installs and training 714 906 153 (334 ) 1,439 Services total 14,253 2,337 4,167 (1,427 ) 19,331 Total revenue $ 21,781 $ 3,155 $ 4,870 $ (2,340 ) $ 27,466 Transaction price allocated to future performance obligations As of September 30, 2023, three twelve Disclosures related to our contracts with customers Timing may not Unearned revenues Unearned revenues represent our obligation to transfer products or services to our client for which we have received consideration, or an amount of consideration is due, from the client. During the years ended September 30, 2023, September 30, 2022. Assets recognized from the costs to obtain our contracts with customers We recognize an asset for the incremental costs of obtaining a contract with a customer. We amortize these deferred costs proportionate with related revenues over the period of the contract. During the year ended September 30, 2023, September 30, 2022. |
Note 9 - Related-party Transact
Note 9 - Related-party Transactions | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 9. The Company incurred fees of $10 thousand and $109 thousand during the years ended September 30, 2023 2022, November 15, 2022. September 30, 2023 2022, On November 16, 2022, June 1, 2023. 1 not 1.15:1.0; 2 six September December 2022 March June 2023 September 2023 3 six September 2022, December 2022 March, June, September 2023. September 30, 2023, Simultaneously with the closing above, the Company closed a Security Agreement and Promissory Note with Mark Burish (“Burish”) for $3,000,000. The note carries the same interest rate, maturity date, and fees as the note with NBE and is subordinate to the NBE Loan and Security Agreement. On November 16, 2022, five November 16, 2022, November 16, 2027. April 27, 2023, The Company entered into an Amendment to Loan and Security Agreement with NBE effective May 18, 2023 June 1, 2023, September 1, 2023, may 15th no first December 1, 2025, On May 31, 2023, June 1, 2023, September 1, 2023, may 15th no first The Burish Amendment further provides for an increase to the original principal amount of $3,000,000 by up to an additional $2,000,000 and permits the Company to request to borrow such additional amounts in one September 30, 2023, At September 30, 2023, April 27, 2023, may On December 6, 2023, December 27, 2023, December 2023 December 2023 Mr. Burish beneficially owns 40% of the Company’s common stock. Mr. Burish also serves as the Chair of the Board of Directors. All transactions with Mr. Burish and NBE were unanimously approved by the Board of Directors. |
Note 10 - Segment Information
Note 10 - Segment Information | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 10. We have determined that in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 280 10, Segment Reporting September 30, 2023 2022. The following summarizes revenue and long-lived assets by geographic region (in thousands): Revenues Years Ended Long-Lived Assets September 30, September 30, 2023 2022 2023 2022 United States $ 13,367 $ 15,309 $ 1,289 $ 3,876 Europe and Middle East 4,367 6,341 23 565 Asia 3,682 5,030 1,172 1,044 Other 693 786 701 — Total $ 22,109 $ 27,466 $ 3,185 $ 5,485 |
Note 11 - Legal Proceedings
Note 11 - Legal Proceedings | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | 11. From time to time, the Company is subject to legal proceedings or claims arising from its normal course of operations. The Company accrues for costs related to loss contingencies when such costs are probable and reasonably estimable. As of September 30, 2023, not |
Note 12 - Subsequent Events
Note 12 - Subsequent Events | 12 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 12. On December 6, 2023, December 27, 2023, December 2023 December 2023 On December 22, 2023 not 5 Sale of Mediasite Assets On January 2, 2024 two one |
Insider Trading Arrangements
Insider Trading Arrangements | 12 Months Ended |
Sep. 30, 2023 | |
Insider Trading Arr Line Items | |
Material Terms of Trading Arrangement [Text Block] | 9B. None |
Rule 10b5-1 Arrangement Terminated [Flag] | false |
Rule 10b5-1 Arrangement Adopted [Flag] | false |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Sonic Foundry Media Systems, Inc., Sonic Foundry International B.V. (formerly Media Mission B.V.) and Mediasite K.K. All significant intercompany transactions and balances have been eliminated. |
Liquidity [Policy Text Block] | Liquidity and Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern. In fiscal year 2023, 2022, September 30, 2023 not However, management has considered its plans to continue the Company as a going concern and believes substantial doubt is alleviated. Management developed a plan to improve liquidity in its operations through reductions in expenses, incentives to accelerate cash collections, monetization of excess inventory, utilization of the final $500,000 tranche available under its credit agreement with Mark Burish, second third 12 twelve |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America (US GAAP), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expense during the period. Actual results could differ from those estimates. |
Revenue [Policy Text Block] | Assets Recognized from the Costs to Obtain a Contract with a Customer Sales commissions and related expenses are considered incremental and recoverable costs of acquiring customer contracts. These costs are capitalized and amortized on a straight-line basis over the anticipated period of benefit, which we have determined to be the contract period, typically around 12 Revenue Recognition We generate revenues in the form of hardware sales of our Mediasite recorder and Mediasite related products, such as our server software and other software licenses and related customer support and services fees, including hosting, installations and training, and events services. Software license revenues include fees from sales of perpetual, hosted, and term licenses. Maintenance and services revenues primarily consist of fees for maintenance services (including support and unspecified upgrades and enhancements when and if they are available), hosting, installation, training and other professional services. Invoices are issued when a customer contract, purchase order or signed quote is obtained from the customer. No not Products Products are considered delivered, and revenue is recognized, when title and risk of loss have been transferred to the customer or upon customer acceptance if non-delivered products or services are essential to the functionality of delivered products. Under the terms and conditions of the sale, this occurs at the time of shipment to the customer. Product revenue currently represents sales of our Mediasite recorder and Mediasite related products such as our server software and other software licenses. Services The Company sells support and content hosting contracts to our customers, typically one one one one Revenue Recognition In accordance with Accounting Standards Codification (“ASC”) Topic 606, 606, five 1. Identify the contract with a customer. 1 2 3 4 5 2. Identify the performance obligations in the contract. may may one not 3. Determine the transaction price. 4. Allocate the transaction price to performance obligations in the contract. not 5. Recognize revenues when or as the company satisfies a performance obligation. Our contract payment terms are typically net 30 may not may not Our revenues are recorded based on the transaction price, excluding amounts collected on behalf of third Nature of Products and Services Certain software licenses are sold either on-premise or through term-based hosting agreements. These hosting arrangements provide customers with the same product functionality and differ mainly in the duration over which the customer benefits from the software. We deliver our software licenses electronically. Electronic delivery occurs when we provide the customer with access to the software and license key via a secure portal. Revenue from on-premise software licenses is generally recognized upfront at the point in time when the software is made available to the customer. Revenue from term-based hosted licenses is recognized ratably over the term of the agreement. Our contracts with customers for on-premise and hosted software licenses include maintenance services and may In the case of the Company’s hardware products with embedded software, the Company has determined that the hardware and software components function together to deliver the product’s essential functionality, and therefore, are considered to be one The Company also offers hosting services bundled with events services. The Company recognizes events revenue when the event takes place and recognizes the hosting revenue over the term of the hosting agreement. Judgments and Estimates Our contracts with customers often include promises to transfer multiple products and services. Determining whether products and services are considered distinct performance obligations that should be accounted for separately from one Judgment is required to determine standalone selling prices (“SSP”) for each distinct performance obligation. We typically have more than one |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk and Other Risks and Uncertainties At September 30, 2023, one not not not The Company’s wholly-owned subsidiaries operate in Japan and the Netherlands, and utilize the Japanese Yen and Euro, respectively, as their functional currency. Assets and liabilities of the Company’s foreign operations are translated into US dollars at period end exchange rates while revenues and expenses are translated using average rates for the period. Gains and losses from the translation are deferred and included in accumulated other comprehensive loss on the consolidated statements of comprehensive gain (loss). During fiscal 2023, 2022. We assess the realization of our receivables by performing ongoing credit evaluations of our customers’ financial condition. Through these evaluations, we may may not September 30, 2023 September 30, 2022. We continually evaluate our customer concentration with respect to accounts receivable and determined that it is generally diversified due to the large number of entities comprising the Company’s customer base and their dispersion across geographic areas within the United States and internationally. As of September 30, 2023 September 30, 2022, 10% Currently the majority of our product inventory purchases are from one third September 30, 2023 2022 third third |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three |
Accounts Receivable [Policy Text Block] | Trade Accounts Receivable The majority of the Company’s accounts receivable are due from entities in, or distributors or value-added resellers to, the education, corporate and government sectors. Credit is extended based on evaluation of a customer’s financial condition and, generally, collateral is not 30 not |
Lessor, Leases [Policy Text Block] | Investment in Sales-Type Lease The Company entered into sales-type lease arrangements with certain customers, consisting of recorders leased in which ownership will transfer with terms ranging from 1-5 years. Revenue generated from sales-type lease arrangement totaled $709 thousand and $712 thousand during fiscal 2023 2022, Investment in sales-type leases consisted of the following (in thousands) as of September 30, 2023: Investment in sales-type lease, gross: 2024 $ 481 2025 299 2026 167 Gross investment in sales-type lease 947 Less: Unearned income — Total investment in sales-type lease $ 947 Current portion of total investment in sales-type lease $ 481 Long-term portion of total investment in sales-type lease 466 $ 947 |
Inventory, Policy [Policy Text Block] | Inventory Inventory consists of raw materials and supplies used in the assembly of Mediasite recorders and finished units. Inventory of completed units and spare parts are carried at the lower of cost or net realizable value, with cost determined on a first first Inventory consists of the following (in thousands): September 30, 2023 2022 Raw materials and supplies $ 517 $ 507 Finished goods 1,439 1,062 Less: Obsolescence reserve (101 ) (107 ) Inventories $ 1,855 $ 1,462 |
Research, Development, and Computer Software, Policy [Policy Text Block] | Software Development Costs Software development costs incurred in conjunction with product development are charged to research and development expense until technological feasibility is established. Thereafter, until the product is released for sale, software development costs incurred in the application development stage are capitalized and reported at the lower of amortized cost or net realizable value of the related product. During fiscal year 2023 2022, During the quarter ended June 30, 2023, 2023 September 2023 2022 September 30, 2023 2023 2022 In the quarter ended September 30, 2023, not September 30, 2023, |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are recorded at cost and are depreciated using the straight-line method for financial reporting purposes. The estimated useful lives used to calculate depreciation are as follows: Years Leasehold improvements 5 to 15 Computer equipment 1.5 to 5 Furniture and fixtures 3 to 15 Depreciation expense for equipment used in the US data center, UK data center, and Europe (EU) data centers are included in cost of revenue while depreciation on other assets is included in operating expense. In August 2022, January 2023; July 2023; January 2024. 2022, 360, not 2023 September 30, 2023 2022, |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets US GAAP requires that long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount of the asset group may not September 30, 2023, 1 2 September 30, 2022, no September 30, 2023, |
Asset Retirement Obligation [Policy Text Block] | Asset Retirement Obligation An asset retirement obligation (“ARO”) associated with the retirement of a tangible long-lived asset is recognized as a liability in the period in which it is incurred or becomes determinable, with an associated increase in the carrying amount of the related long-term asset. The cost of the tangible asset, including the initially recognized asset retirement cost, is depreciated over the useful life of the asset. As of September 30, 2023 2022, A summary of the changes in the ARO is included in the table below (amounts in thousands): Asset retirement obligation at September 30, 2021 $ 129 Settlement of ARO (129 ) Additional ARO for new office lease 95 Accretion expense 1 Foreign currency changes (19 ) Asset retirement obligation at September 30, 2022 77 Accretion expense 15 Foreign currency changes (2 ) Asset retirement obligation at September 30, 2023 $ 90 |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income (Loss) Comprehensive income (loss) includes disclosure of financial information that historically has not not |
Advertising Cost [Policy Text Block] | Advertising Expense Advertising costs included in selling and marketing, are expensed when the advertising first September 30, 2023 2022, |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Costs Research and development costs relate to product development and are expensed in the period incurred, unless they meet the criteria for capitalized software development costs. |
Income Tax, Policy [Policy Text Block] | Income Taxes Deferred tax assets and liabilities are determined based on differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. We do not We make judgments regarding the realizability of our deferred tax assets. The balance sheet carrying value of our net deferred tax assets is based on whether we believe that it is more likely than not may not As of September 30, 2023 2022, not not” September 30, 2023 2022 , not " The Company also accounts for the uncertainty in income taxes related to the recognition and measurement of a tax position and measurement of a tax position taken or expected to be taken in an income tax return. The Company follows the applicable accounting guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure related to the uncertainty in income tax positions. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments In determining the fair value of all financial assets and liabilities, the Company currently utilizes market data or other assumptions that it believes market participants would use in pricing the asset or liability in the principal or most advantageous market and adjusts for non-performance and/or other risk associated with the Company as well as counterparties, as appropriate. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one Level 1 Level 2 1 Level 3 not A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy gives the highest priority to Level 1, 3. Nonrecurring Fair Value Measurements The Company applies the fair value measurement standards to its non-recurring, non-financial assets and liabilities measured at fair value. During fiscal 2023, September 30, 2023. 3 Financial Instruments Not The Company's other financial instruments consist primarily of cash and cash equivalents, accounts receivable, investment in sales-type lease, accounts payable and debt instruments and lease obligations. The book values of cash and cash equivalents, accounts receivable, investment in sales-type lease, and accounts payable are considered to be representative of their respective fair values due to their short term nature. The carrying value of lease obligations and debt including the current portion, approximates fair market value as the variable and fixed rate approximates the current market rate of interest available to the Company. |
Legal Costs, Policy [Policy Text Block] | Legal Contingencies When legal proceedings are brought or claims are made against the Company and the outcome is uncertain, we are required to determine whether it is probable that an asset has been impaired, or a liability has been incurred. If such impairment or liability is probable, and the amount of loss can be reasonably estimated, the loss must be charged to earnings. No legal contingencies were recorded for either of the years ended September 30, 2023 2022. |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation The Company uses a lattice valuation model to account for all employee stock options granted. The lattice valuation model is a more flexible analysis to value options because of its ability to incorporate inputs that change over time, such as actual exercise behavior of option holders. The Company uses historical data to estimate the option exercise and employee departure behavior in the lattice valuation model. Expected volatility is based on historical volatility of the Company’s stock. The Company considers all employees to have similar exercise behavior and therefore has not three The fair value of each option grant is estimated using the assumptions in the following table: Years Ending September 30, 2023 2022 Expected life (years) 5.5 – 5.7 4.9 – 5.3 Risk-free interest rate 3.57% – 4.50% 1.07% – 3.03% Expected volatility 67.61% – 68.99% 64.83% – 67.21% Expected forfeiture rate 9.70% – 9.94% 14.65% – 20.00% Expected exercise factor 1.87 – 2.01 2.02 – 2.03 Expected dividend yield 0% 0% |
Earnings Per Share, Policy [Policy Text Block] | Per Share Computation Basic earnings (loss) per share has been computed using the weighted-average number of shares of common stock outstanding during the period, less shares that may Years Ending September 30, 2023 2022 Denominator for basic earnings (loss) per share -weighted average common shares 11,953,389 9,899,724 Effect of dilutive options and warrants (treasury method) — — Denominator for diluted earnings (loss) per share -adjusted weighted average common shares 11,953,389 9,899,724 Options and warrants outstanding during each year, but not included in the computation of diluted earnings (loss) per share because they are antidilutive 3,383,755 2,637,988 |
Costs Associated with Exit or Disposal Activities or Restructurings, Policy [Policy Text Block] | Restructuring and exit activities The determination of when the Company accrues for involuntary termination benefits under restructuring plans depends on whether the termination benefits are provided under an on-going benefit arrangement or under a one 712 712" Nonretirement Postemployment Benefits. 712, one 420 Exit or Disposal Cost Obligations. During the years ended September 30, 2023 2022 712 During the year ended September 30, 2023, 420, 712 420 September 30, 2023 2022, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements Financial Instruments - Credit Losses ( ASU 2016 13 In June 2016, 2016 13, 326 2016 13" not not December 15, 2022, not Segment Reporting Improvements to Reportable Segments Disclosures (ASU 2023 07 In November 2023, 2023 07, one December 15, 2023, December 15, 2024. not Accounting standards that have been issued by the FASB, or other standards-setting bodies, that are not not |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Significant Accounting Policies (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Investment in Sales-type Leases [Table Text Block] | Investment in sales-type lease, gross: 2024 $ 481 2025 299 2026 167 Gross investment in sales-type lease 947 Less: Unearned income — Total investment in sales-type lease $ 947 Current portion of total investment in sales-type lease $ 481 Long-term portion of total investment in sales-type lease 466 $ 947 |
Schedule of Inventory, Current [Table Text Block] | September 30, 2023 2022 Raw materials and supplies $ 517 $ 507 Finished goods 1,439 1,062 Less: Obsolescence reserve (101 ) (107 ) Inventories $ 1,855 $ 1,462 |
Property, Plant and Equipment [Table Text Block] | Years Leasehold improvements 5 to 15 Computer equipment 1.5 to 5 Furniture and fixtures 3 to 15 |
Schedule of Asset Retirement Obligations [Table Text Block] | Asset retirement obligation at September 30, 2021 $ 129 Settlement of ARO (129 ) Additional ARO for new office lease 95 Accretion expense 1 Foreign currency changes (19 ) Asset retirement obligation at September 30, 2022 77 Accretion expense 15 Foreign currency changes (2 ) Asset retirement obligation at September 30, 2023 $ 90 |
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | Years Ending September 30, 2023 2022 Expected life (years) 5.5 – 5.7 4.9 – 5.3 Risk-free interest rate 3.57% – 4.50% 1.07% – 3.03% Expected volatility 67.61% – 68.99% 64.83% – 67.21% Expected forfeiture rate 9.70% – 9.94% 14.65% – 20.00% Expected exercise factor 1.87 – 2.01 2.02 – 2.03 Expected dividend yield 0% 0% |
Schedule of Weighted Average Number of Shares [Table Text Block] | Years Ending September 30, 2023 2022 Denominator for basic earnings (loss) per share -weighted average common shares 11,953,389 9,899,724 Effect of dilutive options and warrants (treasury method) — — Denominator for diluted earnings (loss) per share -adjusted weighted average common shares 11,953,389 9,899,724 Options and warrants outstanding during each year, but not included in the computation of diluted earnings (loss) per share because they are antidilutive 3,383,755 2,637,988 |
Note 2 - Commitments (Tables)
Note 2 - Commitments (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Lessee, Lease Liability, Maturity [Table Text Block] | Operating Leases Finance Leases 2024 $ 1,030 $ 6 2025 416 5 2026 184 5 2027 77 2 2028 — 2 Total 1,707 20 Less: imputed interest (88 ) (1 ) Total $ 1,619 $ 19 |
Lease, Cost [Table Text Block] | Fiscal Year Ended September 30, 2023 September 30, 2022 Operating lease costs $ 1,202 $ 1,370 Variable operating lease costs 40 23 Total operating lease cost $ 1,242 $ 1,393 Finance lease cost: Amortization of right-of-use assets $ 4 $ 69 Interest on lease liabilities — 4 Total finance lease cost $ 4 $ 73 |
Supplement Cash Flow Information [Table Text Block] | Fiscal Year Ended September 30, 2023 September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 1,210 $ 1,271 Operating cash outflows for finance leases 4 4 Financing cash outflows for finance leases 7 75 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 183 $ 338 Finance leases 8 — September 30, 2023 September 30, 2022 Weighted average remaining lease term (in years) Operating leases 2.0 2.4 Finance leases 3.6 2.9 Weighted average discount rate Operating leases 4.29 % 2.30 % Finance leases 2.61 % 2.65 % |
Note 3 - Credit Arrangements (T
Note 3 - Credit Arrangements (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Notes Payable due to Related Parties NBE Burish Total Notes Payable due to Related Parties $ 5,500 $ 4,500 $ 10,000 Plus loan premium accrued 321 175 496 Less unamortized debt issuance costs (91 ) (48 ) (139 ) Less unamortized debt discount — (98 ) (98 ) Total Notes Payable due to Related Parties 5,730 4,529 10,259 Less current portion (5,730 ) (2,077 ) (7,807 ) Long term portion $ — $ 2,452 $ 2,452 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Fiscal Year (in thousands) 2024 $ 7,895 2025 2,186 2026 455 2027 109 2028 109 Thereafter 122 Add: Loan premium 496 Less: Discount on Notes Payable & Debt Issuance Costs (237 ) Total principal payments $ 11,135 |
Note 4 - Balance Sheet (Tables)
Note 4 - Balance Sheet (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | September 30, 2023 2022 Prepaid expenses 442 693 Prepaid insurance 63 31 Other current assets 98 221 Total $ 603 $ 945 |
Schedule of Accrued Liabilities [Table Text Block] | September 30, 2023 2022 Accrued compensation $ 586 $ 778 Accrued expenses 309 602 Accrued interest & taxes 177 80 Other accrued liabilities 68 61 Total $ 1,140 $ 1,521 |
Note 5 - Stockholders' Equity_2
Note 5 - Stockholders' Equity (Deficit) (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Stock Options Roll Forward [Table Text Block] | Qualified Employee Director Stock Option Stock Option Plans Plan Shares available for grant at September 30, 2021 1,619,598 74,000 Remaining 2009 Plan shares cancelled (1,060,524 ) — Approval of additional 1 million shares Equity Incentive Stock Option Plan 1,000,000 — Options granted (877,250 ) (13,500 ) Options forfeited, cancelled, and expired 479,593 3,000 Shares available for grant at September 30, 2022 1,161,417 63,500 Approval of additional 1 million shares Equity Incentive Stock Option Plan 1,000,000 — Options granted (644,350 ) (8,500 ) Options forfeited, cancelled, and expired 198,105 6,000 Shares available for grant at September 30, 2023 1,715,172 61,000 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Years Ended September 30, 2023 2022 Weighted Weighted Average Average Exercise Exercise Options Price Options Price Outstanding at beginning of year 2,095,538 $ 3.74 1,853,479 $ 4.44 Granted 652,850 0.84 890,750 3.17 Exercised (2,550 ) 0.66 (166,098 ) 1.98 Forfeited, cancelled, and expired (350,298 ) 3.72 (482,593 ) 5.99 Outstanding at end of year 2,395,540 $ 2.95 2,095,538 $ 3.74 Exercisable at end of year 1,533,870 $ 3.53 1,163,820 $ 4.15 Weighted average fair value of options granted during the year $ 0.41 $ 1.48 |
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Options Weighted Outstanding Average Weighted Options Weighted at Remaining Average Exercisable at Average September 30, Contractual Exercise September 30, Exercise Exercise Prices 2023 Life (in Years) Price 2023 Price $0.65 to $0.98 618,993 8.82 $ 0.82 168,093 $ 0.81 $1.00 to $2.99 685,946 7.14 $ 2.48 485,608 $ 2.37 $3.04 to $3.88 743,845 7.60 $ 3.41 541,935 $ 3.39 $4.05 to $10.92 346,756 3.32 $ 6.72 338,234 $ 6.78 2,395,540 1,533,870 |
Schedule of Nonvested Share Activity [Table Text Block] | Weighted Average Grant Date Options Fair Value Non-vested options at September 30, 2021 583,458 1.43 Granted 890,750 1.48 Vested (456,174 ) 1.19 Forfeited (86,316 ) 1.21 Non-vested options at September 30, 2022 931,718 $ 1.57 Granted 652,850 0.41 Vested (502,870 ) 1.32 Forfeited (220,028 ) 1.10 Non-vested options at September 30, 2023 861,670 $ 0.84 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Wtd Ave. Warrants Outstanding Issued in Connection Amount Exercise Price Life in Yrs. Capital Raise 886,215 $ 2.13 3.2 Vendor Agreement 102,000 $ 3.06 3.6 988,215 $ 2.22 3.3 |
Note 6 - Income Taxes (Tables)
Note 6 - Income Taxes (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Years Ended September 30, 2023 2022 Current income tax expense U.S. $ — $ — Current income tax expense foreign — (7 ) Deferred income tax benefit 232 (228 ) Provision for income taxes $ 232 $ (235 ) |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Years Ended September 30, 2023 2022 U.S. $ (17,773 ) $ (3,115 ) Foreign (1,343 ) (4,203 ) Loss before income taxes $ (19,116 ) $ (7,318 ) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Years Ended September 30, 2023 2022 Income tax benefit at statutory rate $ (3,980 ) $ (1,537 ) State income tax expense 9 14 Foreign rate differential (88 ) (593 ) Permanent differences, net 246 425 Expiration of net operating losses 13 3,129 Change in valuation allowance 4,040 (1,894 ) Return to provision true-up 4 (13 ) Other (12 ) 234 Income tax (benefit) expense $ 232 $ (235 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | September 30, 2023 2022 Deferred tax assets: Net operating loss and other carryforwards $ 14,581 $ 15,189 Common stock options 1,082 1,038 Capitalized R&D 2,861 — Property, equipment, & software 1,343 101 Unearned revenue 304 271 Interest expense limitation 440 29 Lease liability 262 442 Other 222 209 Total deferred tax assets 21,095 17,279 Deferred tax liabilities: ROU - Asset (250 ) (431 ) Other (260 ) (252 ) Total deferred tax liabilities (510 ) (683 ) Net deferred tax asset 20,585 16,596 Valuation allowance (20,585 ) (16,321 ) Net deferred tax asset $ — $ 275 |
Note 8 - Revenue (Tables)
Note 8 - Revenue (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Fiscal Year Ended September 30, 2023 SOFO SFI MSKK Eliminations Total Revenue: Hardware $ 3,363 $ 259 $ 524 $ (489 ) $ 3,657 Software 1,637 392 379 (311 ) 2,097 Shipping and other 320 25 - - 345 Product and other total 5,320 676 903 (800 ) 6,099 Support 4,224 460 898 (594 ) 4,988 Hosting 5,312 654 838 (223 ) 6,581 Events 2,612 7 936 - 3,555 Installs and training 784 256 - (154 ) 886 Services total 12,932 1,377 2,672 (971 ) 16,010 Total revenue $ 18,252 $ 2,053 $ 3,575 $ (1,771 ) $ 22,109 Fiscal Year Ended September 30, 2022 SOFO SFI MSKK Eliminations Total Revenue: Hardware $ 5,238 $ 409 $ 296 $ (526 ) $ 5,417 Software 2,062 399 407 (387 ) 2,481 Shipping and other 227 10 — — 237 Product and other total 7,528 818 703 (913 ) 8,135 Support 4,948 502 1,659 (699 ) 6,410 Hosting 5,446 879 1,087 (394 ) 7,018 Events 3,146 50 1,268 — 4,464 Installs and training 714 906 153 (334 ) 1,439 Services total 14,253 2,337 4,167 (1,427 ) 19,331 Total revenue $ 21,781 $ 3,155 $ 4,870 $ (2,340 ) $ 27,466 |
Note 10 - Segment Information (
Note 10 - Segment Information (Tables) | 12 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Revenues Years Ended Long-Lived Assets September 30, September 30, 2023 2022 2023 2022 United States $ 13,367 $ 15,309 $ 1,289 $ 3,876 Europe and Middle East 4,367 6,341 23 565 Asia 3,682 5,030 1,172 1,044 Other 693 786 701 — Total $ 22,109 $ 27,466 $ 3,185 $ 5,485 |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation and Significant Accounting Policies (Details Textual) | 1 Months Ended | 12 Months Ended | |||
Dec. 27, 2023 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Sep. 30, 2021 USD ($) | |
Net Income (Loss) Attributable to Parent | $ (19,348,000) | $ (7,083,000) | |||
Equity, Attributable to Parent | (13,739,000) | 3,578,000 | $ 922,000 | $ 6,140,000 | |
Cash | 800,000 | ||||
Working Capital (Deficit) | $ 12,700,000 | ||||
Support and Content Hosting Contract, Term (Year) | 1 year | ||||
Standard Product Warranty Term, Minimum (Day) | 90 days | ||||
Standard Product Warranty Term, Maximum (Year) | 1 year | ||||
Cash and Cash Equivalents, at Carrying Value | $ 840,000 | 3,299,000 | |||
Realized Gain (Loss), Foreign Currency Transaction, before Tax | (6,000) | (63,000) | |||
Accounts and Financing Receivable, Allowance for Credit Loss | 245,000 | 53,000 | |||
Capitalized Computer Software, Additions | 1,500,000 | 2,400,000 | |||
Capitalized Computer Software, Impairments | 3,769,000 | 0 | |||
Capitalized Computer Software, Net | 137,000 | 2,445,000 | |||
Capitalized Computer Software, Accumulated Amortization | 14,000 | 0 | |||
Impairment, Long-Lived Asset, Held-for-Use, Total | 0 | 328,000 | |||
Asset Retirement Obligation | 90,000 | 77,000 | $ 129,000 | ||
Advertising Expense | 263,000 | 358,000 | |||
Deferred Tax Assets, Operating Loss Carryforwards, Foreign | 0 | 275,000 | |||
Litigation Settlement, Amount Awarded to Other Party | 0 | 0 | |||
Restructuring Charges | 113,000 | 8,000 | |||
On-going Benefit Arrangement [Member] | |||||
Restructuring Charges | 113,000 | 0 | |||
One-time Termination Benefits [Member] | |||||
Restructuring Charges | 539,000 | 76,000 | |||
Vidable [Member] | |||||
Capitalized Computer Software, Impairments | 3,800,000 | ||||
Capitalized Computer Software, Gross | 33,000 | 0 | |||
Product and Other Revenue [Member] | |||||
Sales-type Lease, Lease Income | $ 709,000 | 712,000 | |||
Cost of Revenue [Member] | |||||
Impairment, Long-Lived Asset, Held-for-Use, Total | $ 328,000 | ||||
Minimum [Member] | |||||
Lessor, Sales-type Lease, Term of Contract (Year) | 1 year | ||||
Maximum [Member] | |||||
Lessor, Sales-type Lease, Term of Contract (Year) | 5 years | ||||
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Number of Major Customers | 1 | 0 | |||
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member] | |||||
Concentration Risk, Percentage | 14% | ||||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | One Third-Party Contract Manufacturer [Member] | |||||
Concentration Risk, Percentage | 21% | 23% | |||
UNITED STATES | |||||
Cash and Cash Equivalents, at Carrying Value | $ 342,000 | ||||
Japan and the Netherlands [Member] | |||||
Cash and Cash Equivalents, at Carrying Value | 498,000 | ||||
US, UK and EU [Member] | |||||
Depreciation, Increase | 665,000 | $ 91,000 | |||
Board of Directors Chairman [Member] | Security Agreement and Promissory Note [Member] | |||||
Long-Term Line of Credit | 4,500,000 | ||||
Board of Directors Chairman [Member] | Security Agreement and Promissory Note [Member] | Subsequent Event [Member] | |||||
Proceeds from Issuance of Long-Term Debt | $ 1,000,000 | ||||
Board of Directors Chairman [Member] | Security Agreement and Promissory Note [Member] | Final Tranche [Member] | |||||
Long-Term Line of Credit | $ 500,000 |
Note 1 - Basis of Presentatio_4
Note 1 - Basis of Presentation and Significant Accounting Policies - Investment in Sales-type Leases (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Sep. 30, 2022 |
2024 | $ 481 | |
2025 | 299 | |
2026 | 167 | |
Gross investment in sales-type lease | 947 | |
Less: Unearned income | 0 | |
Total investment in sales-type lease | 947 | |
Current portion of total investment in sales-type lease | 481 | $ 281 |
Long-term portion of total investment in sales-type lease | 466 | $ 221 |
Net Investment in Lease, before Allowance for Credit Loss | $ 947 |
Note 1 - Basis of Presentatio_5
Note 1 - Basis of Presentation and Significant Accounting Policies - Inventory (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Sep. 30, 2022 |
Raw materials and supplies | $ 517 | $ 507 |
Finished goods | 1,439 | 1,062 |
Less: Obsolescence reserve | (101) | (107) |
Inventories | $ 1,855 | $ 1,462 |
Note 1 - Basis of Presentatio_6
Note 1 - Basis of Presentation and Significant Accounting Policies - Property and Equipment Useful Lives (Details) | Sep. 30, 2023 |
Leasehold Improvements [Member] | Minimum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives (Year) | 5 years |
Leasehold Improvements [Member] | Maximum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives (Year) | 15 years |
Computer Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives (Year) | 1 year 6 months |
Computer Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives (Year) | 5 years |
Furniture and Fixtures [Member] | Minimum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives (Year) | 3 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives (Year) | 15 years |
Note 1 - Basis of Presentatio_7
Note 1 - Basis of Presentation and Significant Accounting Policies - Summary of Changes in the Asset Retirement Obligations (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Asset retirement obligation | $ 77 | $ 129 |
Settlement of ARO | (129) | |
Additional ARO for new office lease | 95 | |
Accretion expense | 15 | 1 |
Foreign currency changes | (2) | (19) |
Asset retirement obligation | $ 90 | $ 77 |
Note 1 - Basis of Presentatio_8
Note 1 - Basis of Presentation and Significant Accounting Policies - Fair Value Assumptions for Stock Options Granted (Details) | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Expected dividend yield | 0% | 0% |
Minimum [Member] | ||
Expected life (years) (Year) | 5 years 6 months | 4 years 10 months 24 days |
Risk-free interest rate | 3.57% | 1.07% |
Expected volatility | 67.61% | 64.83% |
Expected forfeiture rate | 9.70% | 14.65% |
Expected exercise factor | 1.87% | 2.02% |
Maximum [Member] | ||
Expected life (years) (Year) | 5 years 8 months 12 days | 5 years 3 months 18 days |
Risk-free interest rate | 4.50% | 3.03% |
Expected volatility | 68.99% | 67.21% |
Expected forfeiture rate | 9.94% | 20% |
Expected exercise factor | 2.01% | 2.03% |
Note 1 - Basis of Presentatio_9
Note 1 - Basis of Presentation and Significant Accounting Policies - Computation of Basic and Diluted Weighted Average Shares Used in Earnings Per Share Calculations (Details) - shares | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Denominator for basic earnings (loss) per share-weighted average common shares (in shares) | 11,953,389 | 9,899,724 |
Effect of dilutive options and warrants (treasury method) (in shares) | 0 | 0 |
Denominator for diluted earnings (loss) per share-adjusted weighted average common shares (in shares) | 11,953,389 | 9,899,724 |
Options and warrants outstanding during each year, but not included in the computation of diluted earnings (loss) per share because they are antidilutive (in shares) | 3,383,755 | 2,637,988 |
Note 2 - Commitments (Details T
Note 2 - Commitments (Details Textual) - USD ($) | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Recorded Unconditional Purchase Obligation | $ 1,200 | |
Recorded Unconditional Purchase Obligation, to be Paid, Year One | 500,000 | |
Recorded Unconditional Purchase Obligation, to be Paid, Year Two | 417,000 | |
Property and Equipment [Member] | ||
Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $ 15,000 | $ 19,000 |
Maximum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 4 years | |
Lessee, Operating Lease, Renewal Term (Year) | 5 years | |
Lessee, Operating Lease, Termination Term (Year) | 1 year |
Note 2 - Commitments - Maturiti
Note 2 - Commitments - Maturities of Operating and Finance Lease (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
2024, operating lease | $ 1,030 |
2024, finance lease | 6 |
2025, operating lease | 416 |
2025, finance lease | 5 |
2026, operating lease | 184 |
2026, finance lease | 5 |
2027, operating lease | 77 |
2027, finance lease | 2 |
2028, operating lease | 0 |
2028, finance lease | 2 |
Total, operating lease | 1,707 |
Total, finance lease | 20 |
Less: imputed interest, operating lease | (88) |
Less: imputed interest, finance lease | (1) |
Total, operating lease | 1,619 |
Total, finance lease | $ 19 |
Note 2 - Commitments - Suppleme
Note 2 - Commitments - Supplement Information Related to Leases (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Operating lease costs | $ 1,202 | $ 1,370 |
Variable operating lease costs | 40 | 23 |
Total operating lease cost | 1,242 | 1,393 |
Amortization of right-of-use assets | 4 | 69 |
Interest on lease liabilities | 0 | 4 |
Total finance lease cost | $ 4 | $ 73 |
Note 2 - Commitments - Supple_2
Note 2 - Commitments - Supplement Cash Flow Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Operating cash outflows for operating leases | $ 1,210 | $ 1,271 |
Operating cash outflows for finance leases | 4 | 4 |
Financing cash outflows for finance leases | 7 | 75 |
Operating leases | 183 | 338 |
Finance leases | $ 8 | $ 0 |
Operating leases (Year) | 2 years | 2 years 4 months 24 days |
Finance leases (Year) | 3 years 7 months 6 days | 2 years 10 months 24 days |
Operating leases | 4.29% | 2.30% |
Finance leases | 2.61% | 2.65% |
Note 3 - Credit Arrangements (D
Note 3 - Credit Arrangements (Details Textual) | 12 Months Ended | ||||||||||||||
Jun. 01, 2023 USD ($) | May 31, 2023 USD ($) | Mar. 24, 2023 USD ($) | Nov. 16, 2022 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) | Mar. 30, 2022 USD ($) | Jul. 28, 2021 USD ($) | Aug. 20, 2020 USD ($) | Sep. 30, 2023 USD ($) shares | Sep. 30, 2022 USD ($) | Mar. 24, 2026 | Dec. 27, 2023 USD ($) | Dec. 06, 2023 USD ($) | Apr. 27, 2023 shares | May 11, 2018 USD ($) $ / shares shares | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 2.22 | ||||||||||||||
Derivative, Gain (Loss) on Derivative, Net | $ 0 | $ 53,000 | |||||||||||||
Long-term Debt, Gross | 11,135,000 | ||||||||||||||
Stock Issued During Period, Value, New Issues | 1,420,000 | 4,016,000 | |||||||||||||
Realized Gain (Loss), Foreign Currency Transaction, before Tax | (6,000) | (63,000) | |||||||||||||
Subsidiaries [Member] | |||||||||||||||
Realized Gain (Loss), Foreign Currency Transaction, before Tax | 0 | $ 0 | |||||||||||||
Board of Directors Chairman [Member] | Stock With Subscription Agreement [Member] | |||||||||||||||
Stock Issued During Period, Value, New Issues | $ 1,200,000 | ||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 1,176,471 | ||||||||||||||
PFG V Debt [Member] | |||||||||||||||
Long-term Debt, Gross | 2,300,000 | ||||||||||||||
Warrant Debt [Member] | |||||||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances | 156,000 | ||||||||||||||
Loan and Security Agreement [Member] | |||||||||||||||
Debt Instrument, Fee Amount | 321,000 | ||||||||||||||
Long-term Debt, Gross | 5,500,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Debt Instrument, Face Amount | $ 5,500,000 | ||||||||||||||
Debt Instrument, Number of Equal Installment | 30 | ||||||||||||||
Debt Instrument, Fee, Percent | 2% | ||||||||||||||
Debt Instrument, Loan Premium, Percent of Loan Amount | 20% | ||||||||||||||
Debt Instrument, Covenant, Debt Coverage Ratio | 1.15 | ||||||||||||||
Debt Instrument, Covenant, 6-month Billings Requirement, Tranche 1 | $ 12,000,000 | ||||||||||||||
Debt Instrument, Covenant, 6-month Billings Requirement, Tranche 2 | 11,000,000 | ||||||||||||||
Debt Instrument, Covenant, 6-month Billings Requirement, Tranche 3 | 12,000,000 | ||||||||||||||
Debt Instrument, Covenant, 6-month EBITDA Burn Requirement, Tranche 1 | 6,000,000 | ||||||||||||||
Debt Instrument, Covenant, 6-month EBITDA Burn Requirement, Tranche 2 | 6,500,000 | ||||||||||||||
Debt Instrument, Covenant, 6-month EBITDA Burn Requirement, Tranche 3 | 7,000,000 | ||||||||||||||
Deferral Fee | $ 20,000 | ||||||||||||||
Security Agreement and Promissory Note [Member] | |||||||||||||||
Debt Instrument, Face Amount | 5,000,000 | ||||||||||||||
Deferral Fee | $ 10,900 | ||||||||||||||
Security Agreement and Promissory Note [Member] | Subsequent Event [Member] | |||||||||||||||
Long-term Debt, Gross | $ 6,000,000 | $ 5,500,000 | |||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Debt Instrument, Face Amount | $ 6,000,000 | 5,500,000 | |||||||||||||
Security Agreement and Promissory Note [Member] | Board of Directors Chairman [Member] | |||||||||||||||
Debt Instrument, Fee Amount | $ 175,000 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | 12% | |||||||||||||
Debt Instrument, Face Amount | $ 3,000,000 | $ 3,000,000 | $ 3,000,000 | ||||||||||||
Debt Instrument, Loan Premium, Percent of Loan Amount | 20% | ||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | 2,000,000 | $ 2,000,000 | |||||||||||||
Burish Amendment [Member] | |||||||||||||||
Debt Instrument, Face Amount | 5,000,000 | ||||||||||||||
Deferral Fee | $ 10,900 | ||||||||||||||
Burish Amendment [Member] | Subsequent Event [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | ||||||||||||||
Debt Instrument, Face Amount | $ 6,000,000 | 5,500,000 | |||||||||||||
Debt Instrument, Face Increase Amount | $ 500,000 | $ 500,000 | |||||||||||||
Promissory Note [Member] | Mediasite K.K. and Mitsui Sumitomo Bank [Member] | |||||||||||||||
Debt Instrument, Term (Year) | 3 years | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 0.46% | ||||||||||||||
Debt Instrument, Face Amount | $ 379,000 | ||||||||||||||
Debt Instrument, Grace Period (Year) | 3 years | ||||||||||||||
Japanese Finance Corporation Promissory Note [Member] | |||||||||||||||
Debt Instrument, Term (Year) | 7 years | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 0.50% | ||||||||||||||
Debt Instrument, Face Amount | $ 336,000 | ||||||||||||||
Notes Payable | 30,000 | ||||||||||||||
Japanese Finance Corporation Promissory Note [Member] | Forecast [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.40% | ||||||||||||||
Loan Agreement [Member] | Mediasite K.K. and Resona Bank [Member] | |||||||||||||||
Debt Instrument, Term (Year) | 7 years | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.475% | 1.475% | |||||||||||||
Debt Instrument, Face Amount | $ 415,000 | $ 415,000 | |||||||||||||
Notes Payable | 57,000 | ||||||||||||||
Debt Instrument, Periodic Payment, Total | 5,000 | ||||||||||||||
Partners For Growth VL.P. [Member] | |||||||||||||||
Derivative Liability, Noncurrent | $ 0 | 0 | 0 | ||||||||||||
Derivative, Gain (Loss) on Derivative, Net | $ 0 | 53,000 | |||||||||||||
Partners For Growth VL.P. [Member] | PFG V Debt [Member] | |||||||||||||||
Debt Instrument, Term (Year) | 3 years | ||||||||||||||
Partners For Growth VL.P. [Member] | Warrant Debt [Member] | |||||||||||||||
Debt Instrument, Term (Year) | 5 years | ||||||||||||||
Accretion Expense | $ 21,000 | $ 31,000 | |||||||||||||
US Bank [Member] | Revolving Credit Facility [Member] | |||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,000,000 | $ 3,000,000 | |||||||||||||
Line of Credit Facility, Percent of Qualified Accounts Receivable Included in Borrowing Base | 80% | ||||||||||||||
Line of Credit Facility, Percent of Qualified Inventory Included in Borrowing Base | 50% | ||||||||||||||
Line of Credit Facility, Available Over-advance Included in Borrowing Base | $ 500,000 | ||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0% | ||||||||||||||
Debt Instrument, Covenant, Fixed Charge Coverage Ratio | 1.2 | ||||||||||||||
Debt Instrument, Covenant, Senior Cash Flow Coverage Ratio | 3 | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.45% | ||||||||||||||
US Bank [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) 1 [Member] | |||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.35% | ||||||||||||||
Warrant With Subscription Agreement [Member] | Board of Directors Chairman [Member] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares | 511,765 | 562,441 | 511,765 | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.02 | ||||||||||||||
Partners For Growth VL.P. [Member] | Warrant to Purchase Common Stock [Member] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares | 66,000 | ||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 2.57 | ||||||||||||||
Exchange Price of Warrant | $ 250,000 | ||||||||||||||
Debt Instrument, Fee Amount | $ 230,000 |
Note 3 - Credit Arrangements -
Note 3 - Credit Arrangements - Debt With Related Parties (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
Notes Payable due to Related Parties | $ 11,135 |
Add: Loan premium | 496 |
Related Party [Member] | |
Notes Payable due to Related Parties | 10,000 |
Add: Loan premium | 496 |
Less unamortized debt issuance costs | (139) |
Less unamortized debt discount | (98) |
Total Notes Payable due to Related Parties | 10,259 |
Less current portion | (7,807) |
Long term portion | 2,452 |
Related Party [Member] | Note With NBE [Member] | |
Notes Payable due to Related Parties | 5,500 |
Add: Loan premium | 321 |
Less unamortized debt issuance costs | (91) |
Less unamortized debt discount | 0 |
Total Notes Payable due to Related Parties | 5,730 |
Less current portion | (5,730) |
Long term portion | 0 |
Related Party [Member] | Note With Burish [Member] | |
Notes Payable due to Related Parties | 4,500 |
Add: Loan premium | 175 |
Less unamortized debt issuance costs | (48) |
Less unamortized debt discount | (98) |
Total Notes Payable due to Related Parties | 4,529 |
Less current portion | (2,077) |
Long term portion | $ 2,452 |
Note 3 - Credit Arrangements _2
Note 3 - Credit Arrangements - Annual Principal Payments (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
2024 | $ 7,895 |
2025 | 2,186 |
2026 | 455 |
2027 | 109 |
2028 | 109 |
Thereafter | 122 |
Add: Loan premium | 496 |
Less: Discount on Notes Payable & Debt Issuance Costs | (237) |
Total principal payments | $ 11,135 |
Note 4 - Balance Sheet - Prepai
Note 4 - Balance Sheet - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Sep. 30, 2022 |
Prepaid expenses | $ 442 | $ 693 |
Prepaid insurance | 63 | 31 |
Other current assets | 98 | 221 |
Total | $ 603 | $ 945 |
Note 4 - Balance Sheet - Accrue
Note 4 - Balance Sheet - Accrued Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Sep. 30, 2022 |
Accrued compensation | $ 586 | $ 778 |
Accrued expenses | 309 | 602 |
Accrued interest & taxes | 177 | 80 |
Other accrued liabilities | 68 | 61 |
Total | $ 1,140 | $ 1,521 |
Note 5 - Stockholders' Equity_3
Note 5 - Stockholders' Equity (Deficit) (Details Textual) - USD ($) | 12 Months Ended | |||||||||||||
Nov. 16, 2022 | Apr. 19, 2022 | Apr. 13, 2022 | Apr. 16, 2018 | Sep. 30, 2023 | Sep. 30, 2022 | Apr. 27, 2023 | Feb. 14, 2023 | Dec. 31, 2022 | Feb. 02, 2022 | Feb. 01, 2022 | Sep. 30, 2021 | Jul. 27, 2021 | Apr. 13, 2018 | |
Number of Shares Entitled Against Option (in shares) | 1 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year) | 6 years 3 months 18 days | |||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 330,000 | $ 1,100,000 | ||||||||||||
Expected Forfeitures For Employee Service Share Based Compensation Nonvested Awards Compensation Cost Not Yet Recognized | $ 276,000 | 720,000 | ||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 7 months 6 days | |||||||||||||
Share-Based Payment Arrangement, Expense | $ 498,000 | 747,000 | ||||||||||||
Proceeds from Stock Options Exercised | 2,000 | 122,000 | ||||||||||||
Share-Based Payment Arrangement, Expense, Tax Benefit | $ 0 | $ 0 | ||||||||||||
Number of Complete Employment Period On First Day of Each Offering Period (Day) | 90 days | |||||||||||||
Employee Not Eligible To Participate | 5% | |||||||||||||
Eligible Employees Contribution To Purchase Shares | 10% | |||||||||||||
Share Based Compensation Arrangement By Share Based Payment Award, Maximum Fair Market Value of Shares To Be Purchased by Employee | $ 25,000 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee (in shares) | 1,000 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Offering Period (Month) | 6 months | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85% | |||||||||||||
Employee Stock Ownership Plan (ESOP), Shares in ESOP (in shares) | 59,611 | |||||||||||||
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares) | 20,703 | 19,353 | ||||||||||||
Proceeds from Issuance of Common Stock | $ 1,215,000 | $ 3,967,000 | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 2.22 | |||||||||||||
Stock Issued During Period, Value, New Issues | $ 1,420,000 | $ 4,016,000 | ||||||||||||
Preferred Stock, Shares Authorized (in shares) | 500,000 | 500,000 | ||||||||||||
Preferred Stock, Shares Issued (in shares) | 0 | 0 | ||||||||||||
Warrants and Rights Outstanding, Term (Year) | 3 years 3 months 18 days | |||||||||||||
Stockholders Equity, Minimum for Nasdaq Compliance | $ 2,500,000 | |||||||||||||
Equity, Attributable to Parent | $ (13,739,000) | $ 3,578,000 | $ 922,000 | $ 6,140,000 | ||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | |||||||||||
Common Stock, Shares Authorized (in shares) | 25,000,000 | 25,000,000 | 25,000,000 | 15,000,000 | ||||||||||
Conversion of Series A Preferred Stock to Common Stock [Member] | ||||||||||||||
Convertible Preferred Stock, Conversion Price (in dollars per share) | $ 4.23 | $ 4.23 | ||||||||||||
Series A Preferred Stock [Member] | ||||||||||||||
Preferred Stock, Shares Authorized (in shares) | 4,500 | 4,500 | ||||||||||||
Preferred Stock, Dividend Rate, Percentage | 9% | 9% | ||||||||||||
Preferred Stock, Shares Issued (in shares) | 0 | 0 | ||||||||||||
Preferred Stock, Shares Outstanding (in shares) | 0 | 0 | ||||||||||||
Preferred Stock [Member] | ||||||||||||||
Stock Issued During Period, Value, New Issues | $ 0 | $ 0 | ||||||||||||
Equity, Attributable to Parent | $ 0 | $ 0 | $ 0 | |||||||||||
Preferred Stock [Member] | Series A Preferred Stock [Member] | ||||||||||||||
Preferred Stock, Shares Authorized (in shares) | 4,500 | 4,500 | ||||||||||||
Preferred Stock, Dividend Rate, Percentage | 9% | 9% | ||||||||||||
Public Offering [Member] | ||||||||||||||
Proceeds from Issuance of Common Stock | $ 4,300,000 | |||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,700,000 | 1,700,000 | ||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 2.55 | |||||||||||||
Equity Offering, Underwritten Option Shares (in shares) | 255,000 | |||||||||||||
Payments of Stock Issuance Costs | $ 406,000 | |||||||||||||
Board of Directors Chairman [Member] | Stock With Subscription Agreement [Member] | ||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,176,471 | |||||||||||||
Stock Issued During Period, Value, New Issues | $ 1,200,000 | |||||||||||||
Warrant Agreements Associated with July 2021 Stock Issuance [Member] | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 141,892 | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 5.5 | |||||||||||||
Warrant Agreements Associated with July 2021 Stock Issuance [Member] | Board of Directors Chairman [Member] | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 50,676 | |||||||||||||
April 2022 Underwriters' Warrants [Member] | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 102,000 | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 3.06 | |||||||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | |||||||||||||
Warrant With Subscription Agreement [Member] | Board of Directors Chairman [Member] | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 511,765 | 562,441 | 511,765 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1.02 | |||||||||||||
Affiliated Entity [Member] | ||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 232,558 | |||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 2.15 | |||||||||||||
Affiliated Entity [Member] | Warrant to Purchase Common Stock [Member] | ||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 232,558 | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 2.5 | |||||||||||||
Director Stock Option Plans [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 150,000 | |||||||||||||
Number Of Shares To Be Granted On Each Meeting Under Directors Plan (in shares) | 2,000 | |||||||||||||
Employee Stock Purchase Plan [Member] | ||||||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 300,000 | |||||||||||||
Employee Stock Purchased Plan [Member] | ||||||||||||||
Share-Based Payment Arrangement, Expense | $ 3,000 | $ 10,000 | ||||||||||||
Proceeds from Issuance of Common Stock | $ 15,000 | $ 37,000 |
Note 5 - Stockholders' Equity_4
Note 5 - Stockholders' Equity (Deficit) - Number of Shares Available for Grant (Details) - shares | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Options granted (in shares) | (652,850) | (890,750) |
Options forfeited, cancelled, and expired (in shares) | 350,298 | 482,593 |
Qualified Employee Stock Option Plans [Member] | ||
Shares available for grant (in shares) | 1,161,417 | 1,619,598 |
Remaining 2009 Plan shares cancelled (in shares) | (1,060,524) | |
Approval of additional 1 million shares Equity Incentive Stock Option Plan (in shares) | 1,000,000 | 1,000,000 |
Options granted (in shares) | (644,350) | (877,250) |
Options forfeited, cancelled, and expired (in shares) | 198,105 | 479,593 |
Shares available for grant (in shares) | 1,715,172 | 1,161,417 |
Director Stock Option Plans [Member] | ||
Shares available for grant (in shares) | 63,500 | 74,000 |
Remaining 2009 Plan shares cancelled (in shares) | 0 | |
Approval of additional 1 million shares Equity Incentive Stock Option Plan (in shares) | 0 | 0 |
Options granted (in shares) | (8,500) | (13,500) |
Options forfeited, cancelled, and expired (in shares) | 6,000 | 3,000 |
Shares available for grant (in shares) | 61,000 | 63,500 |
Note 5 - Stockholders' Equity_5
Note 5 - Stockholders' Equity (Deficit) - Outstanding Stock Option (Details) - $ / shares | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Options, Outstanding at beginning of year (in shares) | 2,095,538 | 1,853,479 |
Weighted Average Exercise Price, Outstanding Balance (in dollars per share) | $ 3.74 | $ 4.44 |
Non-vested options, granted (in shares) | 652,850 | 890,750 |
Weighted Average Exercise Price, Granted (in dollars per share) | $ 0.84 | $ 3.17 |
Options, Exercised (in shares) | (2,550) | (166,098) |
Weighted Average Exercise Price, Exercised (in dollars per share) | $ 0.66 | $ 1.98 |
Options, Forfeited, cancelled, and expired (in shares) | (350,298) | (482,593) |
Weighted Average Exercise Price,Forfeited and cancelled (in dollars per share) | $ 3.72 | $ 5.99 |
Options, Outstanding at end of year (in shares) | 2,395,540 | 2,095,538 |
Weighted Average Exercise Price, Outstanding Balance (in dollars per share) | $ 2.95 | $ 3.74 |
Options, Exercisable at end of year (in shares) | 1,533,870 | 1,163,820 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 3.53 | $ 4.15 |
Weighted-Average Grant Date Fair Value, Non-vested granted (in dollars per share) | $ 0.41 | $ 1.48 |
Note 5 - Stockholders' Equity_6
Note 5 - Stockholders' Equity (Deficit) - Summary of Options Outstanding Segregated By Range (Details) | 12 Months Ended |
Sep. 30, 2023 $ / shares shares | |
Option Outstanding (in shares) | shares | 2,395,540 |
Options Exercisable (in shares) | shares | 1,533,870 |
Range One [Member] | |
Exercise Price, Lower range (in dollars per share) | $ 0.65 |
Exercise Price, Upper range (in dollars per share) | $ 0.98 |
Option Outstanding (in shares) | shares | 618,993 |
Option Outstanding, Weighted Average Remaining Contractual Life (Year) | 8 years 9 months 25 days |
Outstanding Options, Weighted Average Exercise Price (in dollars per share) | $ 0.82 |
Options Exercisable (in shares) | shares | 168,093 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 0.81 |
Range Two [Member] | |
Exercise Price, Lower range (in dollars per share) | 1 |
Exercise Price, Upper range (in dollars per share) | $ 2.99 |
Option Outstanding (in shares) | shares | 685,946 |
Option Outstanding, Weighted Average Remaining Contractual Life (Year) | 7 years 1 month 20 days |
Outstanding Options, Weighted Average Exercise Price (in dollars per share) | $ 2.48 |
Options Exercisable (in shares) | shares | 485,608 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 2.37 |
Range Three [Member] | |
Exercise Price, Lower range (in dollars per share) | 3.04 |
Exercise Price, Upper range (in dollars per share) | $ 3.88 |
Option Outstanding (in shares) | shares | 743,845 |
Option Outstanding, Weighted Average Remaining Contractual Life (Year) | 7 years 7 months 6 days |
Outstanding Options, Weighted Average Exercise Price (in dollars per share) | $ 3.41 |
Options Exercisable (in shares) | shares | 541,935 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 3.39 |
Range Four [Member] | |
Exercise Price, Lower range (in dollars per share) | 4.05 |
Exercise Price, Upper range (in dollars per share) | $ 10.92 |
Option Outstanding (in shares) | shares | 346,756 |
Option Outstanding, Weighted Average Remaining Contractual Life (Year) | 3 years 3 months 25 days |
Outstanding Options, Weighted Average Exercise Price (in dollars per share) | $ 6.72 |
Options Exercisable (in shares) | shares | 338,234 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 6.78 |
Note 5 - Stockholders' Equity_7
Note 5 - Stockholders' Equity (Deficit) - Summary of Status of Company's Non-vested Shares (Details) - $ / shares | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Non-vested options (in shares) | 931,718 | 583,458 |
Weighted-Average Grant Date Fair Value, Non-vested Balance (in dollars per share) | $ 1.57 | $ 1.43 |
Non-vested options, granted (in shares) | 652,850 | 890,750 |
Weighted-Average Grant Date Fair Value, Non-vested granted (in dollars per share) | $ 0.41 | $ 1.48 |
Non-vested options, vested (in shares) | (502,870) | (456,174) |
Weighted-Average Grant Date Fair Value, vested (in dollars per share) | $ 1.32 | $ 1.19 |
Non-vested options, forfeited (in shares) | (220,028) | (86,316) |
Weighted-Average Grant Date Fair Value, forfeited (in dollars per share) | $ 1.1 | $ 1.21 |
Non-vested options (in shares) | 861,670 | 931,718 |
Weighted-Average Grant Date Fair Value, Non-vested Balance (in dollars per share) | $ 0.84 | $ 1.57 |
Note 5 - Stockholders' Equity_8
Note 5 - Stockholders' Equity (Deficit) - Summary of Warrants Outstanding (Details) | Nov. 16, 2022 $ / shares shares |
Warrants outstanding (in shares) | shares | 988,215 |
Exercise price (in dollars per share) | $ / shares | $ 2.22 |
Term (Year) | 3 years 3 months 18 days |
Warrants Issued in Connection With Capital Raise [Member] | |
Warrants outstanding (in shares) | shares | 886,215 |
Exercise price (in dollars per share) | $ / shares | $ 2.13 |
Term (Year) | 3 years 2 months 12 days |
Warrants Issued in Connection with Vendor Agreements [Member] | |
Warrants outstanding (in shares) | shares | 102,000 |
Exercise price (in dollars per share) | $ / shares | $ 3.06 |
Term (Year) | 3 years 7 months 6 days |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Deferred Tax Assets, Gross | $ 21,095 | $ 17,279 |
Operating Loss Carryforwards, Expired | 0 | 14,300 |
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries | 0 | |
Undistributed Earnings of Foreign Subsidiaries | 0 | |
Income Tax Examination, Penalties and Interest Accrued | 0 | 0 |
Income Tax Examination, Penalties and Interest Expense, Total | 0 | 0 |
Domestic Tax Authority [Member] | ||
Operating Loss Carryforwards | 50,000 | |
Operating Loss Carryforwards, Indefinite Lived | 10,000 | |
State and Local Jurisdiction [Member] | ||
Operating Loss Carryforwards | 49,000 | |
Prepaid Expenses and Other Current Assets [Member] | ||
Deferred Tax Assets, Gross | $ 0 | $ 275 |
Note 6 - Income Taxes - (Benefi
Note 6 - Income Taxes - (Benefit) Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Current income tax expense U.S. | $ 0 | $ 0 |
Current income tax expense foreign | 0 | (7) |
Deferred income tax benefit | 232 | (228) |
Provision for income taxes | $ 232 | $ (235) |
Note 6 - Income Taxes - U.S. an
Note 6 - Income Taxes - U.S. and Foreign Components of Loss Before Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
U.S. | $ (17,773) | $ (3,115) |
Foreign | (1,343) | (4,203) |
Loss before income taxes | $ (19,116) | $ (7,318) |
Note 6 - Income Taxes - Reconci
Note 6 - Income Taxes - Reconciliation of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Income tax benefit at statutory rate | $ (3,980) | $ (1,537) |
State income tax expense | 9 | 14 |
Foreign rate differential | (88) | (593) |
Permanent differences, net | 246 | 425 |
Expiration of net operating losses | 13 | 3,129 |
Change in valuation allowance | 4,040 | (1,894) |
Return to provision true-up | 4 | (13) |
Other | (12) | 234 |
Provision for income taxes | $ 232 | $ (235) |
Note 6 - Income Taxes - Compone
Note 6 - Income Taxes - Components of Deferred Tax Accounts Recognized for Financial Purposes (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Sep. 30, 2022 |
Deferred tax assets: | ||
Net operating loss and other carryforwards | $ 14,581 | $ 15,189 |
Common stock options | 1,082 | 1,038 |
Capitalized R&D | 2,861 | 0 |
Property, equipment, & software | 1,343 | 101 |
Unearned revenue | 304 | 271 |
Interest expense limitation | 440 | 29 |
Lease liability | 262 | 442 |
Other | 222 | 209 |
Total deferred tax assets | 21,095 | 17,279 |
Deferred tax liabilities: | ||
ROU - Asset | (250) | (431) |
Other | (260) | (252) |
Total deferred tax liabilities | (510) | (683) |
Net deferred tax asset | 20,585 | 16,596 |
Valuation allowance | (20,585) | (16,321) |
Net deferred tax asset | 0 | 275 |
Other Noncurrent Assets [Member] | ||
Deferred tax liabilities: | ||
Net deferred tax asset | $ 0 | $ 275 |
Note 7 - Savings Plan (Details
Note 7 - Savings Plan (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 465 | $ 441 |
Additional Discretionary Contributions. | $ 0 | $ 0 |
Note 8 - Revenue 1 (Details Tex
Note 8 - Revenue 1 (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Contract with Customer, Liability, Revenue Recognized | $ 8,600 | $ 9,400 |
Capitalized Contract Cost, Amortization | $ 224 | $ 382 |
Note 8 - Revenue 2 (Details Tex
Note 8 - Revenue 2 (Details Textual) - USD ($) $ in Millions | Sep. 30, 2023 | Sep. 30, 2022 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | ||
Revenue, Remaining Performance Obligation, Amount | $ 3.3 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month) | 3 months | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01 | ||
Revenue, Remaining Performance Obligation, Amount | $ 3.1 | $ 8.6 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month) | 3 months | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | ||
Revenue, Remaining Performance Obligation, Amount | $ 8.5 | $ 1.1 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month) | 12 months | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01 | ||
Revenue, Remaining Performance Obligation, Amount | $ 1.4 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month) | 12 months |
Note 8 - Revenue - Disaggregati
Note 8 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Revenues | $ 22,109 | $ 27,466 |
Hardware [Member] | ||
Revenues | 3,657 | 5,417 |
Software [Member] | ||
Revenues | 2,097 | 2,481 |
Shipping [Member] | ||
Revenues | 345 | 237 |
Product and Other [Member] | ||
Revenues | 6,099 | 8,135 |
Service Support [Member] | ||
Revenues | 4,988 | 6,410 |
Service Hosting [Member] | ||
Revenues | 6,581 | 7,018 |
Service Events [Member] | ||
Revenues | 3,555 | 4,464 |
Service Installs and Training [Member] | ||
Revenues | 886 | 1,439 |
Service [Member] | ||
Revenues | 16,010 | 19,331 |
Intersegment Eliminations [Member] | ||
Revenues | (1,771) | (2,340) |
Intersegment Eliminations [Member] | Hardware [Member] | ||
Revenues | (489) | (526) |
Intersegment Eliminations [Member] | Software [Member] | ||
Revenues | (311) | (387) |
Intersegment Eliminations [Member] | Shipping [Member] | ||
Revenues | 0 | 0 |
Intersegment Eliminations [Member] | Product and Other [Member] | ||
Revenues | (800) | (913) |
Intersegment Eliminations [Member] | Service Support [Member] | ||
Revenues | (594) | (699) |
Intersegment Eliminations [Member] | Service Hosting [Member] | ||
Revenues | (223) | (394) |
Intersegment Eliminations [Member] | Service Events [Member] | ||
Revenues | 0 | 0 |
Intersegment Eliminations [Member] | Service Installs and Training [Member] | ||
Revenues | (154) | (334) |
Intersegment Eliminations [Member] | Service [Member] | ||
Revenues | (971) | (1,427) |
SOFO [Member] | Operating Segments [Member] | ||
Revenues | 18,252 | 21,781 |
SOFO [Member] | Operating Segments [Member] | Hardware [Member] | ||
Revenues | 3,363 | 5,238 |
SOFO [Member] | Operating Segments [Member] | Software [Member] | ||
Revenues | 1,637 | 2,062 |
SOFO [Member] | Operating Segments [Member] | Shipping [Member] | ||
Revenues | 320 | 227 |
SOFO [Member] | Operating Segments [Member] | Product and Other [Member] | ||
Revenues | 5,320 | 7,528 |
SOFO [Member] | Operating Segments [Member] | Service Support [Member] | ||
Revenues | 4,224 | 4,948 |
SOFO [Member] | Operating Segments [Member] | Service Hosting [Member] | ||
Revenues | 5,312 | 5,446 |
SOFO [Member] | Operating Segments [Member] | Service Events [Member] | ||
Revenues | 2,612 | 3,146 |
SOFO [Member] | Operating Segments [Member] | Service Installs and Training [Member] | ||
Revenues | 784 | 714 |
SOFO [Member] | Operating Segments [Member] | Service [Member] | ||
Revenues | 12,932 | 14,253 |
SFI [Member] | Operating Segments [Member] | ||
Revenues | 2,053 | 3,155 |
SFI [Member] | Operating Segments [Member] | Hardware [Member] | ||
Revenues | 259 | 409 |
SFI [Member] | Operating Segments [Member] | Software [Member] | ||
Revenues | 392 | 399 |
SFI [Member] | Operating Segments [Member] | Shipping [Member] | ||
Revenues | 25 | 10 |
SFI [Member] | Operating Segments [Member] | Product and Other [Member] | ||
Revenues | 676 | 818 |
SFI [Member] | Operating Segments [Member] | Service Support [Member] | ||
Revenues | 460 | 502 |
SFI [Member] | Operating Segments [Member] | Service Hosting [Member] | ||
Revenues | 654 | 879 |
SFI [Member] | Operating Segments [Member] | Service Events [Member] | ||
Revenues | 7 | 50 |
SFI [Member] | Operating Segments [Member] | Service Installs and Training [Member] | ||
Revenues | 256 | 906 |
SFI [Member] | Operating Segments [Member] | Service [Member] | ||
Revenues | 1,377 | 2,337 |
MSKK [Member] | Operating Segments [Member] | ||
Revenues | 3,575 | 4,870 |
MSKK [Member] | Operating Segments [Member] | Hardware [Member] | ||
Revenues | 524 | 296 |
MSKK [Member] | Operating Segments [Member] | Software [Member] | ||
Revenues | 379 | 407 |
MSKK [Member] | Operating Segments [Member] | Shipping [Member] | ||
Revenues | 0 | 0 |
MSKK [Member] | Operating Segments [Member] | Product and Other [Member] | ||
Revenues | 903 | 703 |
MSKK [Member] | Operating Segments [Member] | Service Support [Member] | ||
Revenues | 898 | 1,659 |
MSKK [Member] | Operating Segments [Member] | Service Hosting [Member] | ||
Revenues | 838 | 1,087 |
MSKK [Member] | Operating Segments [Member] | Service Events [Member] | ||
Revenues | 936 | 1,268 |
MSKK [Member] | Operating Segments [Member] | Service Installs and Training [Member] | ||
Revenues | 0 | 153 |
MSKK [Member] | Operating Segments [Member] | Service [Member] | ||
Revenues | $ 2,672 | $ 4,167 |
Note 9 - Related-party Transa_2
Note 9 - Related-party Transactions (Details Textual) | 12 Months Ended | |||||||
Dec. 27, 2023 USD ($) | Dec. 06, 2023 USD ($) | Jun. 01, 2023 USD ($) | Nov. 16, 2022 USD ($) $ / shares shares | Sep. 30, 2023 USD ($) shares | Sep. 30, 2022 USD ($) | May 31, 2023 USD ($) | Apr. 27, 2023 shares | |
Long-term Debt, Gross | $ 11,135,000 | |||||||
Stock Issued During Period, Value, New Issues | $ 1,420,000 | $ 4,016,000 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 2.22 | |||||||
Sonic Foundry Inc [Member] | ||||||||
Subsidiary, Ownership Percentage, Noncontrolling Owner | 40% | |||||||
Board of Directors Chairman [Member] | Warrant With Subscription Agreement [Member] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares | 511,765 | 562,441 | 511,765 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.02 | |||||||
Board of Directors Chairman [Member] | Stock With Subscription Agreement [Member] | ||||||||
Stock Issued During Period, Value, New Issues | $ 1,200,000 | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 1,176,471 | |||||||
Loan and Security Agreement [Member] | ||||||||
Debt Instrument, Face Amount | $ 5,500,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | |||||||
Debt Instrument, Number of Equal Installment | 30 | |||||||
Debt Instrument, Fee, Percent | 2% | |||||||
Debt Instrument, Loan Premium, Percent of Loan Amount | 20% | |||||||
Debt Instrument, Covenant, Debt Coverage Ratio | 1.15 | |||||||
Debt Instrument, Covenant, 6-month Billings Requirement, Tranche 1 | $ 12,000,000 | |||||||
Debt Instrument, Covenant, 6-month Billings Requirement, Tranche 2 | 11,000,000 | |||||||
Debt Instrument, Covenant, 6-month Billings Requirement, Tranche 3 | 12,000,000 | |||||||
Debt Instrument, Covenant, 6-month EBITDA Burn Requirement, Tranche 1 | 6,000,000 | |||||||
Debt Instrument, Covenant, 6-month EBITDA Burn Requirement, Tranche 2 | 6,500,000 | |||||||
Debt Instrument, Covenant, 6-month EBITDA Burn Requirement, Tranche 3 | 7,000,000 | |||||||
Long-term Debt, Gross | $ 5,500,000 | |||||||
Deferral Fee | $ 20,000 | |||||||
Security Agreement and Promissory Note [Member] | ||||||||
Debt Instrument, Face Amount | 5,000,000 | |||||||
Deferral Fee | $ 10,900 | |||||||
Security Agreement and Promissory Note [Member] | Subsequent Event [Member] | ||||||||
Debt Instrument, Face Amount | $ 6,000,000 | $ 5,500,000 | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | |||||||
Long-term Debt, Gross | $ 6,000,000 | 5,500,000 | ||||||
Debt Instrument, Increase (Decrease), Net | $ 500,000 | $ 500,000 | ||||||
Security Agreement and Promissory Note [Member] | Board of Directors Chairman [Member] | ||||||||
Debt Instrument, Face Amount | $ 3,000,000 | $ 3,000,000 | $ 3,000,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 12% | 12% | ||||||
Debt Instrument, Loan Premium, Percent of Loan Amount | 20% | |||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 2,000,000 | $ 2,000,000 | ||||||
Long-Term Line of Credit | 4,500,000 | |||||||
Incurred Fees [Member] | Law Firm Whose Partner is a Director and Stockholder [Member] | ||||||||
Related Party Transaction, Amounts of Transaction | 10,000 | 109,000 | ||||||
Accrued Liabilities | $ 0 | $ 25,000 |
Note 10 - Segment Information_2
Note 10 - Segment Information (Details Textual) | 12 Months Ended |
Sep. 30, 2023 | |
Number of Operating Segments | 3 |
Number of Reportable Segments | 1 |
Note 10 - Segment Information -
Note 10 - Segment Information - Summarizes Revenue by Geographic Region (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Revenue | $ 22,109 | $ 27,466 |
Long-Lived Assets | 3,185 | 5,485 |
UNITED STATES | ||
Revenue | 13,367 | 15,309 |
Long-Lived Assets | 1,289 | 3,876 |
Europe and Middle East [Member] | ||
Revenue | 4,367 | 6,341 |
Long-Lived Assets | 23 | 565 |
Asia [Member] | ||
Revenue | 3,682 | 5,030 |
Long-Lived Assets | 1,172 | 1,044 |
Other [Member] | ||
Revenue | 693 | 786 |
Long-Lived Assets | $ 701 | $ 0 |
Note 12 - Subsequent Events (De
Note 12 - Subsequent Events (Details Textual) - USD ($) | Jan. 02, 2024 | Dec. 27, 2023 | Dec. 06, 2023 | Nov. 16, 2022 |
Forecast [Member] | Sonic Foundry Inc [Member] | ||||
Investment Owned, Net Assets, Percentage | 5% | |||
Purchase Agreement [Member] | Forecast [Member] | ||||
Asset Acquisition, Price of Acquisition, Expected | $ 15,500,000 | |||
Security Agreement and Promissory Note [Member] | ||||
Debt Instrument, Face Amount | $ 5,000,000 | |||
Security Agreement and Promissory Note [Member] | Subsequent Event [Member] | ||||
Debt Instrument, Increase (Decrease), Net | $ 500,000 | $ 500,000 | ||
Debt Instrument, Face Amount | $ 6,000,000 | $ 5,500,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 12% |