Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Jun. 30, 2023 | Aug. 01, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001045942 | |
Entity Registrant Name | Track Group, Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 0-23153 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 87-0543981 | |
Entity Address, Address Line One | 200 E. 5th Avenue Suite 100 | |
Entity Address, City or Town | Naperville | |
Entity Address, State or Province | IL | |
Entity Address, Postal Zip Code | 60563 | |
City Area Code | 877 | |
Local Phone Number | 260-2010 | |
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 | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 11,863,758 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Current assets: | ||
Cash | $ 3,814,518 | $ 5,311,104 |
Accounts receivable, net of allowance for doubtful accounts of $121,221 and $102,570, respectively | 4,343,221 | 6,236,555 |
Prepaid expense and deposits | 690,102 | 769,006 |
Inventory, net of reserves of $3,772 and $0, respectively | 1,276,388 | 1,053,245 |
Other current assets | 0 | 284,426 |
Total current assets | 10,124,229 | 13,654,336 |
Intangible assets, net of accumulated amortization of $16,852,154 and $14,804,269, respectively | 14,681,500 | 15,661,417 |
Goodwill | 7,970,956 | 8,061,002 |
Other assets | 2,849,055 | 3,509,655 |
Total assets | 41,229,088 | 44,680,840 |
Current liabilities: | ||
Accounts payable | 2,724,957 | 2,858,915 |
Accrued liabilities | 2,169,972 | 3,042,443 |
Current portion of long-term debt | 462,577 | 456,681 |
Total current liabilities | 5,357,506 | 6,358,039 |
Long-term debt, less current portion | 42,798,575 | 42,979,243 |
Long-term liabilities | 291,477 | 398,285 |
Total liabilities | 48,447,558 | 49,735,567 |
Commitments and contingencies (Note 23) | ||
Stockholders’ equity (deficit): | ||
Common stock, $0.0001 par value: 30,000,000 shares authorized; 11,863,758 and 11,863,758 shares outstanding, respectively | 1,186 | 1,186 |
Preferred stock | 0 | 0 |
Paid in capital | 302,576,531 | 302,437,593 |
Accumulated deficit | (308,364,947) | (306,218,889) |
Accumulated other comprehensive loss | (1,431,240) | (1,274,617) |
Total equity (deficit) | (7,218,470) | (5,054,727) |
Total liabilities and stockholders’ equity (deficit) | 41,229,088 | 44,680,840 |
Series A Convertible Preferred Stock [Member] | ||
Stockholders’ equity (deficit): | ||
Preferred stock | 0 | 0 |
Property, Plant, and Equipment, Excluding Monitoring Equipment [Member] | ||
Current assets: | ||
Property and equipment, net | 130,141 | 170,329 |
Monitoring Equipment [Member] | ||
Current assets: | ||
Property and equipment, net | $ 5,473,207 | $ 3,624,101 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Allowance for doubtful accounts, accounts receivable | $ 121,221 | $ 102,570 |
Reserve for inventory | 3,772 | 0 |
Intangible assets, accumulated amortization | $ 16,852,154 | $ 14,804,269 |
Common stock - par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock - shares authorized (in shares) | 30,000,000 | 30,000,000 |
Common stock - shares outstanding (in shares) | 11,863,758 | 11,863,758 |
Preferred Stock - par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred Stock - shares authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred Stock - shares outstanding (in shares) | 0 | 0 |
Series A Convertible Preferred Stock [Member] | ||
Preferred Stock - par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred Stock - shares authorized (in shares) | 1,200,000 | 1,200,000 |
Preferred Stock - shares outstanding (in shares) | 0 | 0 |
Property, Plant, and Equipment, Excluding Monitoring Equipment [Member] | ||
Property and equipment, accumulated depreciation | $ 1,916,715 | $ 1,829,588 |
Monitoring Equipment [Member] | ||
Property and equipment, accumulated depreciation | $ 6,214,911 | $ 5,950,639 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenue: | ||||
Revenues | $ 8,697,578 | $ 8,974,082 | $ 25,861,315 | $ 28,053,857 |
Cost of revenue: | ||||
Monitoring, products and other related services | 4,211,807 | 4,200,635 | 11,835,327 | 12,284,432 |
Depreciation and amortization included in cost of revenue | 821,915 | 809,234 | 2,438,649 | 2,465,998 |
Total cost of revenue | 5,033,722 | 5,009,869 | 14,273,976 | 14,750,430 |
Gross profit | 3,663,856 | 3,964,213 | 11,587,339 | 13,303,427 |
Operating expense: | ||||
General & administrative | 2,228,545 | 2,734,162 | 7,852,864 | 8,003,178 |
Selling & marketing | 717,246 | 778,656 | 2,215,588 | 2,197,237 |
Research & development | 750,124 | 583,492 | 2,046,701 | 1,799,821 |
Depreciation & amortization | 247,083 | 400,062 | 742,366 | 1,231,634 |
Total operating expense | 3,942,998 | 4,496,372 | 12,857,519 | 13,231,870 |
Operating income (loss) | (279,142) | (532,159) | (1,270,180) | 71,557 |
Other income (expense): | ||||
Interest expense, net | (430,824) | (450,582) | (1,251,349) | (1,390,318) |
Currency exchange rate gain (loss) | 418,011 | (750,124) | 972,953 | (460,033) |
Other income, net | 0 | (1,593,099) | 0 | (959,628) |
Total other income (expense) | (12,813) | (2,793,805) | (278,396) | (2,809,979) |
Income (loss) before income tax | (291,955) | (3,325,964) | (1,548,576) | (2,738,422) |
Income tax expense | 405,229 | 279,095 | 597,482 | 719,718 |
Net income (loss) attributable to common shareholders | (697,184) | (3,605,059) | (2,146,058) | (3,458,140) |
Foreign currency translation adjustments | (402,454) | (527,431) | (156,622) | (530,204) |
Comprehensive income (loss) | $ (1,099,638) | $ (4,132,490) | $ (2,302,680) | $ (3,988,344) |
Net income (loss) per share – basic: | ||||
Net income (loss) per share (in dollars per share) | $ (0.06) | $ (0.31) | $ (0.18) | $ (0.30) |
Weighted average shares outstanding (in shares) | 11,863,758 | 11,566,869 | 11,863,758 | 11,546,673 |
Net income (loss) per share – diluted: | ||||
Net income (loss) per share (in dollars per share) | $ (0.06) | $ (0.31) | $ (0.18) | $ (0.30) |
Weighted average shares outstanding (in shares) | 11,863,758 | 11,566,869 | 11,863,758 | 11,546,673 |
Monitoring and Other Related Services [Member] | ||||
Revenue: | ||||
Revenues | $ 8,539,023 | $ 8,836,622 | $ 25,007,830 | $ 27,148,837 |
Product Sales and Other [Member] | ||||
Revenue: | ||||
Revenues | $ 158,555 | $ 137,460 | $ 853,485 | $ 905,020 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Sep. 30, 2021 | 11,524,978 | ||||
Balance at Sep. 30, 2021 | $ 1,152 | $ 302,250,954 | $ (298,828,527) | $ (1,054,349) | $ 2,369,230 |
Foreign currency translation adjustments | 0 | 0 | 0 | (22,858) | (22,858) |
Net income (loss) | $ 0 | 0 | (305,322) | 0 | (305,322) |
Issuance of Common Stock for options/warrants exercised (in shares) | 16,474 | ||||
Issuance of Common Stock for options/warrants exercised | $ 2 | (2) | 0 | 0 | 0 |
Cash received for options/warrants exercised | 0 | 10,570 | 0 | 0 | 10,570 |
Tax withheld on issuance of Common Stock | $ 0 | (3,076) | 0 | 0 | (3,076) |
Balance (in shares) at Dec. 31, 2021 | 11,541,452 | ||||
Balance at Dec. 31, 2021 | $ 1,154 | 302,258,446 | (299,133,849) | (1,077,207) | 2,048,544 |
Balance (in shares) at Sep. 30, 2021 | 11,524,978 | ||||
Balance at Sep. 30, 2021 | $ 1,152 | 302,250,954 | (298,828,527) | (1,054,349) | 2,369,230 |
Foreign currency translation adjustments | (530,204) | ||||
Net income (loss) | (3,458,140) | ||||
Balance (in shares) at Jun. 30, 2022 | 11,863,758 | ||||
Balance at Jun. 30, 2022 | $ 1,186 | 302,324,386 | (302,286,667) | (1,584,553) | (1,545,648) |
Balance (in shares) at Dec. 31, 2021 | 11,541,452 | ||||
Balance at Dec. 31, 2021 | $ 1,154 | 302,258,446 | (299,133,849) | (1,077,207) | 2,048,544 |
Foreign currency translation adjustments | 0 | 0 | 0 | 20,085 | 20,085 |
Net income (loss) | $ 0 | 0 | 452,241 | 0 | 452,241 |
Balance (in shares) at Mar. 31, 2022 | 11,541,452 | ||||
Balance at Mar. 31, 2022 | $ 1,154 | 302,258,446 | (298,681,608) | (1,057,122) | 2,520,870 |
Stock-based compensation | 0 | 94,340 | 0 | 0 | 94,340 |
Foreign currency translation adjustments | 0 | 0 | 0 | (527,431) | (527,431) |
Net income (loss) | $ 0 | 0 | (3,605,059) | 0 | (3,605,059) |
Issuance of Common Stock for options/warrants exercised (in shares) | 37,306 | ||||
Issuance of Common Stock for options/warrants exercised | $ 4 | (4) | 0 | 0 | 0 |
Tax withheld on issuance of Common Stock | $ 0 | (28,368) | 0 | 0 | (28,368) |
Issuance of Restricted Common Stock to employees for services (in shares) | 285,000 | ||||
Issuance of Restricted Common Stock to employees for services | $ 28 | (28) | 0 | 0 | 0 |
Balance (in shares) at Jun. 30, 2022 | 11,863,758 | ||||
Balance at Jun. 30, 2022 | $ 1,186 | 302,324,386 | (302,286,667) | (1,584,553) | (1,545,648) |
Balance (in shares) at Sep. 30, 2022 | 11,863,758 | ||||
Balance at Sep. 30, 2022 | $ 1,186 | 302,437,593 | (306,218,889) | (1,274,617) | (5,054,727) |
Stock-based compensation | 0 | 61,750 | 0 | 0 | 61,750 |
Foreign currency translation adjustments | 0 | 0 | 0 | 152,246 | 152,246 |
Net income (loss) | $ 0 | 0 | 36,384 | 0 | 36,384 |
Balance (in shares) at Dec. 31, 2022 | 11,863,758 | ||||
Balance at Dec. 31, 2022 | $ 1,186 | 302,499,343 | (306,182,505) | (1,122,371) | (4,804,347) |
Balance (in shares) at Sep. 30, 2022 | 11,863,758 | ||||
Balance at Sep. 30, 2022 | $ 1,186 | 302,437,593 | (306,218,889) | (1,274,617) | (5,054,727) |
Foreign currency translation adjustments | (156,622) | ||||
Net income (loss) | (2,146,058) | ||||
Balance (in shares) at Jun. 30, 2023 | 11,863,758 | ||||
Balance at Jun. 30, 2023 | $ 1,186 | 302,576,531 | (308,364,947) | (1,431,240) | (7,218,470) |
Balance (in shares) at Dec. 31, 2022 | 11,863,758 | ||||
Balance at Dec. 31, 2022 | $ 1,186 | 302,499,343 | (306,182,505) | (1,122,371) | (4,804,347) |
Stock-based compensation | 0 | 51,459 | 0 | 0 | 51,459 |
Foreign currency translation adjustments | 0 | 0 | 0 | 93,585 | 93,585 |
Net income (loss) | $ 0 | 0 | (1,485,258) | 0 | (1,485,258) |
Balance (in shares) at Mar. 31, 2023 | 11,863,758 | ||||
Balance at Mar. 31, 2023 | $ 1,186 | 302,550,802 | (307,667,763) | (1,028,786) | (6,144,561) |
Stock-based compensation | 0 | 25,729 | 0 | 0 | 25,729 |
Foreign currency translation adjustments | 0 | 0 | 0 | (402,454) | (402,454) |
Net income (loss) | $ 0 | 0 | (697,184) | 0 | (697,184) |
Balance (in shares) at Jun. 30, 2023 | 11,863,758 | ||||
Balance at Jun. 30, 2023 | $ 1,186 | $ 302,576,531 | $ (308,364,947) | $ (1,431,240) | $ (7,218,470) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Net loss | $ (2,146,058) | $ (3,458,140) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Depreciation and amortization | 3,181,015 | 3,697,632 |
Bad debt expense (recovery) | 129,714 | (39,724) |
Stock based compensation | 138,938 | 94,340 |
Deferred income tax expense (benefit) | (38,259) | 279,367 |
Loss on monitoring equipment included in cost of revenue | 381,193 | 218,118 |
Amortization of debt issuance costs | 120,276 | 105,783 |
Amortization of monitoring center assets included in cost of revenue | 430,678 | 363,077 |
Income on forgiveness of accrued vendor expense | (633,471) | |
Foreign currency exchange (gain)/loss | (972,953) | 460,033 |
Change in assets and liabilities: | ||
Accounts receivable, net | 1,893,334 | 1,502,015 |
Inventories | (223,143) | 109,934 |
Prepaid expense, deposits and other assets | 1,062,189 | (170,821) |
Accounts payable | (133,958) | (1,197,458) |
Accrued liabilities | (872,471) | (1,142,174) |
Net cash provided by operating activities | 2,950,495 | 188,511 |
Cash flow used in investing activities: | ||
Purchase of property and equipment | (27,845) | (68,382) |
Capitalized software | (742,276) | (560,167) |
Purchase of monitoring equipment and parts | (3,501,359) | (2,413,539) |
Net cash used in investing activities | (4,271,480) | (3,042,088) |
Cash flow used in financing activities: | ||
Principal payments on long-term debt | (393,840) | (378,775) |
Payment of deferred financing fees | (44,151) | |
Tax withholdings related to net share settlement of equity-based awards | (31,444) | |
Proceeds from exercise of stock options | 10,570 | |
Net cash used in financing activities | (437,991) | (399,649) |
Effect of exchange rate changes on cash | 262,390 | (253,803) |
Net decrease in cash | (1,496,586) | (3,507,029) |
Cash, beginning of period | 5,311,104 | 8,421,162 |
Cash, end of period | 3,814,518 | 4,914,133 |
Cash paid for interest | 1,839,569 | 1,855,187 |
Cash paid for taxes | $ 621,730 | $ 201,956 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | ( 1 The unaudited interim condensed consolidated financial information of Track Group, Inc. and subsidiaries (collectively, the “ Company Track Group 10 8 X SEC GAAP June 30, 2023 three nine June 30, 2023. 10 September 30, 2022, December 16, 2022. nine June 30, 2023, may not September 30, 2023. As of June 30, 2023 September 30, 2022, nine June 30, 2023 2022, April 27, 2023, three July 1, 2027 ( 19 six January 2, 2024, February 17, 2025, two six June 30, 2023 ( 19 September 30, 2021, September 30, 2022, twelve |
Note 2 - Principles of Consolid
Note 2 - Principles of Consolidation | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ( 2 The consolidated financial statements include the accounts of Track Group, Inc. and its active subsidiaries, Track Group Analytics Limited, Track Group Americas, Inc., Track Group International LTD., and Track Group - Chile SpA. All inter-company transactions have been eliminated in consolidation. |
Note 3 - Recent Accounting Stan
Note 3 - Recent Accounting Standards | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | ( 3 From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“ FASB not not Recently Issued Accounting Standards In January 2017, ASU 2017 04, Intangibles Goodwill and Other: Simplifying the Test for Goodwill Impairment ASU 2017 04 2017 04 second two 2017 04 December 15, 2019 2017 04 December 15, 2022. January 1, 2017. 2017 04 2024. not In June 2016, 2016 13, Measurement of Credit Losses on Financial Instruments ASU 2016 03 2016 13 CECL 2016 13 December 15, 2019, December 15, 2022. 2016 13 2024. not |
Note 4 - Impairment of Long-liv
Note 4 - Impairment of Long-lived Assets | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Asset Impairment Charges [Text Block] | ( 4 The Company reviews its long-lived assets for impairment when events or changes in circumstances indicate that the book value of an asset may not |
Note 5 - Business Combinations
Note 5 - Business Combinations | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | ( 5 The Company accounts for its business acquisitions under the acquisition method of accounting as indicated in Accounting Standards Codification (“ ASC 805, Business Combinations ASC 805 805, Acquired Assets and Assumed Liabilities Pursuant to ASC 805 10 25, not one Contingent Consideration In certain acquisitions, the Company has agreed to pay additional amounts to the seller contingent upon the achievement by the acquired businesses of certain future goals, which may |
Note 6 - Accumulated Other Comp
Note 6 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | ( 6 Comprehensive income (loss) includes net income (loss) as currently reported under GAAP and other comprehensive income (loss). Other comprehensive income (loss) considers the effects of additional economic events, such as foreign currency translation adjustments, which are not June 30, 2023. |
Note 7 - Net Income (Loss) Per
Note 7 - Net Income (Loss) Per Common Share | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 7 Basic net income (loss) per common share (“ Basic EPS Diluted net income (loss) per common share (“ Diluted EPS not Common share equivalents consist of shares issuable upon the exercise of options to purchase shares of the Company’s common stock, $0.0001 par value per share (“ Common Stock options warrants June 30, 2023 2022, not nine June 30, 2023, 2022, At June 30, 2023 June 30, 2022 The common stock equivalents outstanding as of June 30, 2023 2022 June 30, June 30, 2023 2022 Issuable common stock options and warrants 4,688 327,674 Total common stock equivalents 4,688 327,674 |
Note 8 - Revenue Recognition
Note 8 - Revenue Recognition | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | ( 8 Monitoring and Other Related Services two The balance of accounts receivables at June 30, 2023 September 30, 2022 September 30, 2021 June 30, 2023, September 30, 2022, September 30, 2021 three nine June 30, 2023 three nine June 30, 2022. Product Sales and Other 30 Multiple Element Arrangements not may may The standalone selling price for each performance obligation is an amount that depicts the amount of consideration to which the entity expects to be entitled in exchange for transferring the good or service. When there is only one first not The following table presents the Company’s revenue by geography, based on management’s assessment of available data: Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 6,134,587 71 % $ 6,466,124 72 % Latin America 2,437,040 28 % 2,362,203 26 % Other 125,951 1 % 145,755 2 % Total $ 8,697,578 100 % $ 8,974,082 100 % Nine Months Ended June 30, 2023 Nine Months Ended June 30, 2022 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 18,166,817 70 % $ 19,918,449 71 % Latin America 7,023,604 27 % 7,189,118 26 % Other 670,894 3 % 946,290 3 % Total $ 25,861,315 100 % $ 28,053,857 100 % The above table includes total revenue for the Company, of which monitoring and other related services is the majority (approximately 97% for the nine June 30, 2023, nine June 30, 2022) |
Note 9 - Prepaid Expense and De
Note 9 - Prepaid Expense and Deposits | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Deferred Costs, Capitalized, Prepaid, and Other Assets [Text Block] | ( 9 As of June 30, 2023 September 30, 2022, |
Note 10 - Inventory
Note 10 - Inventory | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | ( 10 Inventory is valued at the lower of the cost or net realizable value. Cost is determined using the first Inventory primarily consists of completed circuit boards and other parts used to manufacture new devices. Completed and shipped ReliAlert™ devices are reflected in Monitoring Equipment. As of June 30, 2023 September 30, 2022, June 30, 2023 September 30, 2022 Monitoring equipment component boards inventory $ 1,280,160 $ 1,053,245 Reserve for damaged or obsolete inventory (3,772 ) - Total inventory, net of reserves $ 1,276,388 $ 1,053,245 The Company uses a third not |
Note 11 - Property and Equipmen
Note 11 - Property and Equipment | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | ( 11 Property and equipment consisted of the following as of June 30, 2023 September 30, 2022: June 30, 2023 September 30, 2022 Equipment, software and tooling $ 1,435,992 $ 1,399,288 Automobiles 5,039 4,187 Leasehold improvements 385,376 380,586 Furniture and fixtures 220,449 215,856 Total property and equipment before accumulated depreciation 2,046,856 1,999,917 Accumulated depreciation (1,916,715 ) (1,829,588 ) Property and equipment, net of accumulated depreciation $ 130,141 $ 170,329 Property and equipment depreciation expense for the three June 30, 2023 2022 nine June 30, 2023 2022 |
Note 12 - Monitoring Equipment
Note 12 - Monitoring Equipment | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Monitoring Equipment Disclosure [Text Block] | ( 12 The Company leases monitoring equipment to agencies for offender tracking under contractual service agreements. The monitoring equipment is amortized using the straight-line method over an estimated useful life of between three five June 30, 2023 September 30, 2022, June 30, 2023 September 30, 2022 Monitoring equipment $ 11,688,118 $ 9,574,740 Less: accumulated depreciation (6,214,911 ) (5,950,639 ) Monitoring equipment, net of accumulated depreciation $ 5,473,207 $ 3,624,101 Depreciation of monitoring equipment for the three June 30, 2023 2022 nine June 30, 2023 2022 three June 30, 2023 2022, nine June 30, 2023 2022, |
Note 13 - Intangible Assets
Note 13 - Intangible Assets | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | ( 13 The following table summarizes intangible assets at June 30, 2023 September 30, 2022, June 30, 2023 September 30, 2022 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patent & royalty agreements $ 21,120,565 $ (14,025,690 ) $ 7,094,875 $ 21,120,565 $ (13,027,465 ) $ 8,093,100 Developed technology 10,272,902 (2,687,662 ) 7,585,240 9,206,006 (1,649,563 ) 7,556,443 Trade name 140,187 (138,802 ) 1,385 139,115 (127,241 ) 11,874 Total intangible assets $ 31,533,654 $ (16,852,154 ) $ 14,681,500 $ 30,465,686 $ (14,804,269 ) $ 15,661,417 The intangible assets summarized above were purchased or developed on various dates from July 2011 June 30, 2023. three June 30, 2023 2022 three June 30, 2023 2022 three June 30, 2023 2022 Amortization expense for the nine June 30, 2023 2022 nine June 30, 2023 2022 nine June 30, 2023 2022 |
Note 14 - Goodwill
Note 14 - Goodwill | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | ( 14 The following table summarizes the activity of goodwill at June 30, 2023 September 30, 2022, June 30, 2023 September 30, 2022 Beginning of the Year Gross Effect of foreign currency translation on Goodwill End of the Year Gross Beginning of the Year Gross Effect of foreign currency translation on Goodwill End of the Year Gross Goodwill Balance $ 8,061,002 $ (90,046 ) $ 7,970,956 $ 8,519,998 $ (458,996 ) $ 8,061,002 Goodwill is recognized in connection with acquisition transactions in accordance with ASC 805. June 30, 2023. |
Note 15 - Other Assets
Note 15 - Other Assets | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Investments and Other Noncurrent Assets [Text Block] | ( 15 As of June 30, 2023 September 30, 2022, June 30, 2023 23. The Company was contractually obligated to construct and equip two 32 40 June 30, 2023 September 30, 2022, June 30, 2023 September 30, 2022 Monitoring center equipment $ 1,829,409 $ 1,520,115 Less: accumulated amortization (1,080,298 ) (524,178 ) Monitoring center equipment, net of accumulated amortization $ 749,111 $ 995,937 The Santiago and Puerto Montt monitoring centers amortization is recorded in Monitoring, products and other related service costs on the Condensed Consolidated Statements of Operations. Amortization of costs related to the Santiago and Puerto Montt monitoring centers for the three nine June 30, 2023, three nine June 30, 2022, 19 |
Note 16 - Leases
Note 16 - Leases | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | ( 16 Leases as Lessor Monitoring Equipment and Other Related Services The Company leases monitoring equipment and provides monitoring services to its customers with contract terms varying from month-to-month to several years and each daily contract price varies. Devices supplied to customers are not may The Company’s tracking devices are considered operating leases under ASC 842 not not may not Operating lease and monitoring revenue associated with the Company’s monitoring equipment for the three nine June 30, 2023 2022 Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Monitoring equipment operating revenue $ 7,123,377 $ 7,355,582 $ 20,928,564 $ 22,807,064 The Company cannot accurately estimate 5 none Leases as Lessee The following table shows right of use assets and lease liabilities for real estate and equipment, with the associated financial statement line items as of June 30, 2023 September 30, 2022. June 30, 2023 September 30, 2022 Operating lease asset Operating lease liability Operating lease asset Operating lease liability Other assets $ 450,669 - $ 575,716 $ - Accrued liabilities - 159,192 - 177,431 Long-term liabilities - 291,477 - 398,285 The following table summarizes the supplemental cash flow information for the nine June 30, 2023 2022: Nine Months Ended June 30, 2023 Nine Months Ended June 30, 2022 Cash paid for noncancelable operating leases included in operating cash flows $ 213,917 $ 203,953 Right of use assets obtained in exchange for operating lease liabilities $ 5,150 $ 496,567 The future minimum lease payments under noncancelable operating leases with terms greater than one June 30, 2023 Operating Leases From July 2023 to June 2024 $ 174,635 From July 2024 to June 2025 104,224 From July 2025 to June 2026 93,826 From July 2026 to June 2027 95,613 From July 2027 to June 2028 16,426 Undiscounted cash flow 484,724 Less: imputed interest (34,055 ) Total $ 450,669 Reconciliation to lease liabilities: Lease liabilities - current $ 159,192 Lease liabilities - long-term 291,477 Total lease liabilities $ 450,669 The weighted-average remaining lease term and discount rate related to the Company’s lease liabilities as of June 30, 2023 |
Note 17 - Accrued Liabilites
Note 17 - Accrued Liabilites | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ( 17 Accrued liabilities consisted of the following as of June 30, 2023 September 30, 2022: June 30, 2023 September 30, 2022 Accrued payroll, taxes and employee benefits $ 1,110,962 $ 1,412,055 Deferred revenue 5,702 3,299 Accrued taxes - foreign and domestic 286,382 371,293 Accrued other expense 80,686 123,752 Accrued legal and other professional costs 61,302 57,905 Accrued costs of revenue 465,518 352,060 Right of use liability 159,192 177,431 Deferred financing fees - 88,685 Accrued interest 228 455,963 Total accrued liabilities $ 2,169,972 $ 3,042,443 |
Note 18 - Related Parties
Note 18 - Related Parties | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | ( 18 ETS Limited is currently the beneficial owner of 4,871,745 shares of the Company's Common Stock (the “ Track Group Shares ADS September 28, 2017, Board February 7, 2018 |
Note 19 - Debt Obligations
Note 19 - Debt Obligations | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | ( 19 Debt obligations, net of debt issuance costs, as of June 30, 2023 September 30, 2022, June 30, 2023 September 30, 2022 The unsecured loan (the “ Amended Facility Agreement Conrent 42,864,000 4 150,451 42,864,000 0 1,739,745 $ 42,713,549 $ 42,653,649 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.56 20,503 35,335 The unsecured Note Payable Agreement with Banco Santander, net of unamortized issuance costs $ 7,514 5.04 119,835 177,463 The unsecured Note Payable Agreement with Banco Estado, net of unamortized issuance costs of $ 3,906 3.50 72,347 135,521 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.61 48,943 79,375 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $ 97 2.54 31,150 51,278 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $ 14,364 3.12 254,825 303,303 Total debt obligations 43,261,152 43,435,924 Less: current portion (462,577 ) (456,681 ) Long-term debt, less current portion $ 42,798,575 $ 42,979,243 On December 21, 2020, July 1, 2024 (“ Amended Facility April 26, 2023, Amendment December 30, 2013 Amended Facility Agreement July 1, 2024, July 1, 2027; ( July 1, 2024, July 1, 2025, July 1, 2026, 3.7 Change of Control June 30, 2023, On January 6, 2021, CLP $101,186USD HP Note 1 1, 1 Santiago Monitoring Center Puerto Montt Monitoring Center 1 February 2021, February 6, 2024. On January 12, 2021, 347,198,500CLP $482,965USD 2,801,500CLP $3,897USD Banco Santander Note February 2021, May 11, 2024. 19,607,843CLP $27,275USD On February 2, 2021, 247,999,300CLP $338,954USD 2,000,700CLP $2,734USD Banco Estado Note 6 first 6 1 August 2, 2021, January 2, 2024. 14,124,294CLP $19,304USD On February 4, 2021, 149,794,432CLP $205,330USD HP Note 2 2, 2 2 March 2021, March 4, 2024. On February 5, 2021, 99,808,328CLP $136,564USD 210,485CLP $286USD Banco de Chile Note 1 March 2021, March 4, 2024. On February 15, 2021, 500,000,000CLP $678,214USD Banco de Chile Note 2 2, 2 2 March 2021, February 17, 2025. 28,248,588CLP $38,317USD The following table summarizes our future maturities of debt obligations, net of the amortization of debt discounts as of June 30, 2023: Twelve months ended June 30: Total 2024 $ 462,577 2025 110,907 2026 - 2027 42,864,000 Total 43,437,484 Issuance costs (176,332 ) Debt obligations, net of unamortized issuance costs $ 43,261,152 |
Note 20 - Preferred and Common
Note 20 - Preferred and Common Stock | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Preferred and Common Stock Disclosure [Text Block] | ( 20 The Company is authorized to issue up to 30,000,000 shares of Common Stock and up to 20,000,000 shares of preferred stock, $0.0001 par value per share (“ Preferred Stock one June 30, 2023, No dividends were paid during the nine June 30, 2023 2022, Series A Convertible Preferred Stock On October 12, 2017, Certificate of Designation Series A Preferred not Except with respect to transactions upon which holders of the Series A Preferred are entitled to vote separately as a class under the terms of the Certificate of Designation, the Series A Preferred has no The Series A Preferred has no one Each share of Series A Preferred has a liquidation preference of $35.00 per share, and is convertible, at the holder’s option, into ten five hundred forty As of June 30, 2023, no |
Note 21 - Stock Options and War
Note 21 - Stock Options and Warrants | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | ( 21 Stock Incentive Plan At the annual meeting of stockholders on April 13, 2022, 2022 2022 2022 2022 The 2022 2012 2012 June 30, 2020, 2012 2012 2012 2012 2012 2022 On April 13, 2022, 2022 The Company recorded expense of $25,730 and $94,340 for the three June 30, 2023 2022, nine June 30, 2023 2022 , 2022 2022 June 30, 2023 . All Options and Warrants The fair value of each stock option and warrant grant is estimated on the date of grant using the Black-Scholes option-pricing model. The Company recorded no expense for the three nine June 30, 2023 2022, nine June 30, 2023 2022, 2022 2012 2012 June 30, 2023. The expected life of options (warrants) represents the period of time that the options or warrants are expected to be outstanding based on the simplified method allowed under GAAP. The expected volatility is based on the historical price volatility of the Company’s Common Stock. The risk-free interest rate represents the U.S. Treasury bill rate for the expected life of the related options (warrants). The dividend yield represents the Company’s anticipated cash dividends over the expected life of the options (warrants). A summary of stock option (warrant) activity for the nine June 30, 2023, Shares Under Option Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Outstanding as of September 30, 2022 160,881 $ 1.24 0.60 $ 225 Granted - - - Expired/Cancelled (156,193 ) 1.24 - Exercised - - - Outstanding as of June 30, 2023 4,688 $ 1.24 0.50 $ 0 Exercisable as of June 30, 2023 4,688 $ 1.24 0.50 $ 0 The intrinsic value of options and warrants outstanding and exercisable is based on the Company’s share price of $0.28 at June 30, 2023. |
Note 22 - Income Taxes
Note 22 - Income Taxes | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | ( 22 The Company recognizes deferred income tax assets or liabilities for the expected future tax consequences of events that have been recognized in the financial statements or income tax returns. Deferred income tax assets or liabilities are determined based upon the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates expected to apply when the differences are expected to be settled or realized. Deferred income tax assets are reviewed periodically for recoverability and valuation allowances are provided as necessary. Interest and penalties related to income tax liabilities, when incurred, are classified in interest expense and income tax provision, respectively. For the nine June 30, 2023 2022, not no In computing income tax, we recognize an income tax provision in tax jurisdictions in which we have pre-tax income for the period and are expecting to generate pre-tax book income during the fiscal year. |
Note 23 - Commitments and Conti
Note 23 - Commitments and Contingencies | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 23 The Company is, from time to time, involved in various legal proceedings incidental to the conduct of our business. Historically, the outcome of nearly all such legal proceedings has not, no SecureAlert, Inc. v. Federal Government of Mexico (Department of the Interior). March 24, 2017, July 15, 2011. Commonwealth of Puerto Rico, through its Trustees v. International Surveillance Services Corporation. January 23, 2020, ISS 2014 2017, 2011. July 6, 2020. no Jeffrey Mohamed Abed v. Track Group, Inc., et al. June 7, 2021, October 15, 2021, July 17, 2023, no Track Group Chile SpA. v. Republic of Chile. January 24, 2022, not no Jesus Valle Gonzalez, et al. v. Track Group-Puerto Rico, et al. May 9, 2022, June 8, 2016, June 2017 September 5, 2018. no Michael Matthews v. Track Group, Inc., et al. December 13, 2022, July 23, 2023, no Performance Bonds As of June 30, 2023, Performance Bond no July 2024 2025. The amounts held on two second 2023 The Company pays interest on the full amount of the Performance Bond to the financial institution providing the guarantee at 2.8% interest per annum for the Performance Bond expiring in July 2024. three June 30, 2023 2022 nine June 30, 2023 2022 |
Note 24 - Subsequent Events
Note 24 - Subsequent Events | 9 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | ( 24 In accordance with the Subsequent Events Topic of FASB ASC 855, no |
Note 7 - Net Income (Loss) Pe_2
Note 7 - Net Income (Loss) Per Common Share (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Common Stock Equivalents [Table Text Block] | June 30, June 30, 2023 2022 Issuable common stock options and warrants 4,688 327,674 Total common stock equivalents 4,688 327,674 |
Note 8 - Revenue Recognition (T
Note 8 - Revenue Recognition (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Disaggregated Revenue by Geography [Table Text Block] | Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 6,134,587 71 % $ 6,466,124 72 % Latin America 2,437,040 28 % 2,362,203 26 % Other 125,951 1 % 145,755 2 % Total $ 8,697,578 100 % $ 8,974,082 100 % Nine Months Ended June 30, 2023 Nine Months Ended June 30, 2022 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 18,166,817 70 % $ 19,918,449 71 % Latin America 7,023,604 27 % 7,189,118 26 % Other 670,894 3 % 946,290 3 % Total $ 25,861,315 100 % $ 28,053,857 100 % |
Note 10 - Inventory (Tables)
Note 10 - Inventory (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | June 30, 2023 September 30, 2022 Monitoring equipment component boards inventory $ 1,280,160 $ 1,053,245 Reserve for damaged or obsolete inventory (3,772 ) - Total inventory, net of reserves $ 1,276,388 $ 1,053,245 |
Note 11 - Property and Equipm_2
Note 11 - Property and Equipment (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | June 30, 2023 September 30, 2022 Equipment, software and tooling $ 1,435,992 $ 1,399,288 Automobiles 5,039 4,187 Leasehold improvements 385,376 380,586 Furniture and fixtures 220,449 215,856 Total property and equipment before accumulated depreciation 2,046,856 1,999,917 Accumulated depreciation (1,916,715 ) (1,829,588 ) Property and equipment, net of accumulated depreciation $ 130,141 $ 170,329 |
Note 12 - Monitoring Equipment
Note 12 - Monitoring Equipment (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Monitoring Property and Equipment [Table Text Block] | June 30, 2023 September 30, 2022 Monitoring equipment $ 11,688,118 $ 9,574,740 Less: accumulated depreciation (6,214,911 ) (5,950,639 ) Monitoring equipment, net of accumulated depreciation $ 5,473,207 $ 3,624,101 |
Note 13 - Intangible Assets (Ta
Note 13 - Intangible Assets (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | June 30, 2023 September 30, 2022 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patent & royalty agreements $ 21,120,565 $ (14,025,690 ) $ 7,094,875 $ 21,120,565 $ (13,027,465 ) $ 8,093,100 Developed technology 10,272,902 (2,687,662 ) 7,585,240 9,206,006 (1,649,563 ) 7,556,443 Trade name 140,187 (138,802 ) 1,385 139,115 (127,241 ) 11,874 Total intangible assets $ 31,533,654 $ (16,852,154 ) $ 14,681,500 $ 30,465,686 $ (14,804,269 ) $ 15,661,417 |
Note 14 - Goodwill (Tables)
Note 14 - Goodwill (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | June 30, 2023 September 30, 2022 Beginning of the Year Gross Effect of foreign currency translation on Goodwill End of the Year Gross Beginning of the Year Gross Effect of foreign currency translation on Goodwill End of the Year Gross Goodwill Balance $ 8,061,002 $ (90,046 ) $ 7,970,956 $ 8,519,998 $ (458,996 ) $ 8,061,002 |
Note 15 - Other Assets (Tables)
Note 15 - Other Assets (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Other Assets [Table Text Block] | June 30, 2023 September 30, 2022 Monitoring center equipment $ 1,829,409 $ 1,520,115 Less: accumulated amortization (1,080,298 ) (524,178 ) Monitoring center equipment, net of accumulated amortization $ 749,111 $ 995,937 |
Note 16 - Leases (Tables)
Note 16 - Leases (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Operating Lease, Lease Income [Table Text Block] | Three Months Ended June 30, Nine Months Ended June 30, 2023 2022 2023 2022 Monitoring equipment operating revenue $ 7,123,377 $ 7,355,582 $ 20,928,564 $ 22,807,064 |
Lessee, Operating Lease, Balance Sheet Information [Table Text Block] | June 30, 2023 September 30, 2022 Operating lease asset Operating lease liability Operating lease asset Operating lease liability Other assets $ 450,669 - $ 575,716 $ - Accrued liabilities - 159,192 - 177,431 Long-term liabilities - 291,477 - 398,285 |
Lease, Cost [Table Text Block] | Nine Months Ended June 30, 2023 Nine Months Ended June 30, 2022 Cash paid for noncancelable operating leases included in operating cash flows $ 213,917 $ 203,953 Right of use assets obtained in exchange for operating lease liabilities $ 5,150 $ 496,567 |
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] | Operating Leases From July 2023 to June 2024 $ 174,635 From July 2024 to June 2025 104,224 From July 2025 to June 2026 93,826 From July 2026 to June 2027 95,613 From July 2027 to June 2028 16,426 Undiscounted cash flow 484,724 Less: imputed interest (34,055 ) Total $ 450,669 Reconciliation to lease liabilities: Lease liabilities - current $ 159,192 Lease liabilities - long-term 291,477 Total lease liabilities $ 450,669 |
Note 17 - Accrued Liabilites (T
Note 17 - Accrued Liabilites (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | June 30, 2023 September 30, 2022 Accrued payroll, taxes and employee benefits $ 1,110,962 $ 1,412,055 Deferred revenue 5,702 3,299 Accrued taxes - foreign and domestic 286,382 371,293 Accrued other expense 80,686 123,752 Accrued legal and other professional costs 61,302 57,905 Accrued costs of revenue 465,518 352,060 Right of use liability 159,192 177,431 Deferred financing fees - 88,685 Accrued interest 228 455,963 Total accrued liabilities $ 2,169,972 $ 3,042,443 |
Note 19 - Debt Obligations (Tab
Note 19 - Debt Obligations (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | June 30, 2023 September 30, 2022 The unsecured loan (the “ Amended Facility Agreement Conrent 42,864,000 4 150,451 42,864,000 0 1,739,745 $ 42,713,549 $ 42,653,649 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.56 20,503 35,335 The unsecured Note Payable Agreement with Banco Santander, net of unamortized issuance costs $ 7,514 5.04 119,835 177,463 The unsecured Note Payable Agreement with Banco Estado, net of unamortized issuance costs of $ 3,906 3.50 72,347 135,521 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.61 48,943 79,375 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $ 97 2.54 31,150 51,278 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $ 14,364 3.12 254,825 303,303 Total debt obligations 43,261,152 43,435,924 Less: current portion (462,577 ) (456,681 ) Long-term debt, less current portion $ 42,798,575 $ 42,979,243 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Twelve months ended June 30: Total 2024 $ 462,577 2025 110,907 2026 - 2027 42,864,000 Total 43,437,484 Issuance costs (176,332 ) Debt obligations, net of unamortized issuance costs $ 43,261,152 |
Note 21 - Stock Options and W_2
Note 21 - Stock Options and Warrants (Tables) | 9 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Stock Options Roll Forward [Table Text Block] | Shares Under Option Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Outstanding as of September 30, 2022 160,881 $ 1.24 0.60 $ 225 Granted - - - Expired/Cancelled (156,193 ) 1.24 - Exercised - - - Outstanding as of June 30, 2023 4,688 $ 1.24 0.50 $ 0 Exercisable as of June 30, 2023 4,688 $ 1.24 0.50 $ 0 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | Sep. 30, 2022 | Apr. 27, 2023 | |
Retained Earnings (Accumulated Deficit) | $ (308,364,947) | $ (308,364,947) | $ (306,218,889) | |||||||
Net Income (Loss) Attributable to Parent | (697,184) | $ (1,485,258) | $ 36,384 | $ (3,605,059) | $ 452,241 | $ (305,322) | (2,146,058) | $ (3,458,140) | ||
Long-Term Debt | 43,261,152 | 43,261,152 | 43,435,924 | |||||||
Asset Impairment Charges, Total | $ 1,700,000 | |||||||||
Debt Maturing in July 2027 [Member] | ||||||||||
Long-Term Debt | $ 42,900,000 | |||||||||
Notes Payable Related to Construction of Monitoring Centers [Member] | ||||||||||
Long-Term Debt | $ 547,603 | $ 547,603 |
Note 7 - Net Income (Loss) Pe_3
Note 7 - Net Income (Loss) Per Common Share (Details Textual) - $ / shares | 9 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Sep. 30, 2022 | Mar. 31, 2022 | |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | $ 0.0001 | $ 0.0001 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 4,688 | 327,674 | ||
Share Price (in dollars per share) | $ 0.28 | $ 0.70 | ||
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants (in shares) | 0 |
Note 7 - Net Income (Loss) Pe_4
Note 7 - Net Income (Loss) Per Common Share - Schedule of Common Stock Equivalents (Details) - shares | Jun. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2022 |
Issuable common stock options and warrants (in shares) | 4,688 | 160,881 | |
Total common stock equivalents (in shares) | 4,688 | 327,674 | |
Stock Options and Warrants [Member] | |||
Issuable common stock options and warrants (in shares) | 4,688 | 327,674 |
Note 8 - Revenue Recognition (D
Note 8 - Revenue Recognition (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | |
Accounts and Financing Receivable, after Allowance for Credit Loss | $ 4,343,221 | $ 4,343,221 | $ 6,236,555 | $ 7,163,615 | ||
Unbilled Receivables, Current | 559,205 | 559,205 | 777,514 | 420,697 | ||
Contract with Customer, Liability | 5,702 | 5,702 | $ 3,299 | $ 22,500 | ||
Contract with Customer, Liability, Deferred Revenue Recognized | $ 3,927 | $ 10,512 | $ 7,656 | $ 110,027 | ||
Revenue From Contract With Customer, Percent | 97% | 97% |
Note 8 - Revenue Recognition -
Note 8 - Revenue Recognition - Revenue Disaggregated by Geography (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Customer revenue amount | $ 8,697,578 | $ 8,974,082 | $ 25,861,315 | $ 28,053,857 |
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | ||||
Customer concentration risk percentage | 100% | 100% | 100% | 100% |
UNITED STATES | ||||
Customer revenue amount | $ 6,134,587 | $ 6,466,124 | $ 18,166,817 | $ 19,918,449 |
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | ||||
Customer concentration risk percentage | 71% | 72% | 70% | 71% |
Latin America [Member] | ||||
Customer revenue amount | $ 2,437,040 | $ 2,362,203 | $ 7,023,604 | $ 7,189,118 |
Latin America [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | ||||
Customer concentration risk percentage | 28% | 26% | 27% | 26% |
Other than United States and Latin America [Member] | ||||
Customer revenue amount | $ 125,951 | $ 145,755 | $ 670,894 | $ 946,290 |
Other than United States and Latin America [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | ||||
Customer concentration risk percentage | 1% | 2% | 3% | 3% |
Note 9 - Prepaid Expense and _2
Note 9 - Prepaid Expense and Deposits (Details Textual) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Prepaid Expense and Other Assets, Current | $ 690,102 | $ 769,006 |
Note 10 - Inventory - Summary o
Note 10 - Inventory - Summary of Inventory (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Monitoring equipment component boards inventory | $ 1,280,160 | $ 1,053,245 |
Reserve for damaged or obsolete inventory | 3,772 | 0 |
Total inventory, net of reserves | $ 1,276,388 | $ 1,053,245 |
Note 11 - Property and Equipm_3
Note 11 - Property and Equipment (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Depreciation, Nonproduction | $ 24,012 | $ 36,002 | $ 71,062 | $ 111,232 |
Note 11 - Property and Equipm_4
Note 11 - Property and Equipment - Property and Equipment (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Total property and equipment before accumulated depreciation | $ 2,046,856 | $ 1,999,917 |
Property, Plant, and Equipment, Excluding Monitoring Equipment [Member] | ||
Equipment, software and tooling | 1,435,992 | 1,399,288 |
Automobiles | 5,039 | 4,187 |
Leasehold improvements | 385,376 | 380,586 |
Furniture and fixtures | 220,449 | 215,856 |
Accumulated depreciation | (1,916,715) | (1,829,588) |
Property and equipment, net of accumulated depreciation | $ 130,141 | $ 170,329 |
Note 12 - Monitoring Equipmen_2
Note 12 - Monitoring Equipment (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | |
Depreciation, Lessor Asset under Operating Lease | $ 387,668 | $ 343,507 | $ 1,141,246 | $ 1,061,916 | |
Impairment, Lessor Asset under Operating Lease | $ 171,499 | $ 32,634 | $ 381,193 | $ 218,118 | |
Minimum [Member] | Monitoring Equipment [Member] | |||||
Equipment Leased Under Contractual Service Agreements, Useful Life (Year) | 3 years | ||||
Maximum [Member] | Monitoring Equipment [Member] | |||||
Equipment Leased Under Contractual Service Agreements, Useful Life (Year) | 5 years |
Note 12 - Monitoring Equipmen_3
Note 12 - Monitoring Equipment - Schedule of Monitoring Equipment (Details) - Monitoring Equipment [Member] - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Monitoring equipment | $ 11,688,118 | $ 9,574,740 |
Less: accumulated depreciation | (6,214,911) | (5,950,639) |
Monitoring equipment, net of accumulated depreciation | $ 5,473,207 | $ 3,624,101 |
Note 13 - Intangible Assets (De
Note 13 - Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Amortization of Intangible Assets | $ 657,318 | $ 829,787 | $ 1,968,707 | $ 2,524,484 |
Cost of Sales [Member] | ||||
Amortization of Intangible Assets | 434,247 | 465,727 | 1,297,403 | 1,404,082 |
Operating Expense [Member] | ||||
Amortization of Intangible Assets | $ 223,071 | $ 364,060 | $ 671,304 | $ 1,120,402 |
Note 13 - Intangible Assets - I
Note 13 - Intangible Assets - Intangible Asset Activity (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Gross carrying amount | $ 31,533,654 | $ 30,465,686 |
Accumulated amortization | (16,852,154) | (14,804,269) |
Intangible assets, net of accumulated amortization | 14,681,500 | 15,661,417 |
Patents [Member] | ||
Gross carrying amount | 21,120,565 | 21,120,565 |
Accumulated amortization | (14,025,690) | (13,027,465) |
Intangible assets, net of accumulated amortization | 7,094,875 | 8,093,100 |
Developed Technology Rights [Member] | ||
Gross carrying amount | 10,272,902 | 9,206,006 |
Accumulated amortization | (2,687,662) | (1,649,563) |
Intangible assets, net of accumulated amortization | 7,585,240 | 7,556,443 |
Trade Names [Member] | ||
Gross carrying amount | 140,187 | 139,115 |
Accumulated amortization | (138,802) | (127,241) |
Intangible assets, net of accumulated amortization | $ 1,385 | $ 11,874 |
Note 14 - Goodwill (Details Tex
Note 14 - Goodwill (Details Textual) $ in Thousands | 6 Months Ended |
Mar. 31, 2023 USD ($) | |
Goodwill, Impairment Loss | $ 0 |
Note 14 - Goodwill - Schedule O
Note 14 - Goodwill - Schedule Of Goodwill (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Sep. 30, 2022 | |
Goodwill Balance | $ 8,061,002 | $ 8,519,998 |
Goodwill Balance | (90,046) | (458,996) |
Goodwill Balance | $ 7,970,956 | $ 8,061,002 |
Note 15 - Other Assets (Details
Note 15 - Other Assets (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Sep. 30, 2022 | |
Other Assets | $ 2,849,055 | $ 2,849,055 | $ 3,509,655 | ||
Capitalized Contract Cost, Amortization | $ 150,177 | 430,678 | |||
Amortization of Monitoring Center Assets Included in Cost of Revenue | $ 138,887 | $ 430,678 | $ 363,077 |
Note 15 - Other Assets - Monito
Note 15 - Other Assets - Monitoring Center Equipment (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Monitoring center equipment | $ 2,046,856 | $ 1,999,917 |
Monitoring Center Equipment [Member] | ||
Monitoring center equipment | 1,829,409 | 1,520,115 |
Accumulated depreciation | (1,080,298) | (524,178) |
Property and equipment, net of accumulated depreciation | $ 749,111 | $ 995,937 |
Note 16 - Leases (Details Textu
Note 16 - Leases (Details Textual) | Jun. 30, 2023 |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years 6 months 7 days |
Operating Lease, Weighted Average Discount Rate, Percent | 4% |
Note 16 - Leases - Operating Le
Note 16 - Leases - Operating Lease Revenue Associated With Monitoring Equipment (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Monitoring equipment operating revenue | $ 7,123,377 | $ 7,355,582 | $ 20,928,564 | $ 22,807,064 |
Note 16 - Leases - Schedule of
Note 16 - Leases - Schedule of Right of Use Assets and Lease Liabilities (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Right of use liability | $ 159,192 | |
Long-term liabilities | 291,477 | $ 398,285 |
Other Assets [Member] | ||
Operating lease asset | 450,669 | 575,716 |
Accrued Liabilites [Member] | ||
Right of use liability | $ 159,192 | $ 177,431 |
Note 16 - Leases - Schedule o_2
Note 16 - Leases - Schedule of Cash Flow Information (Details) - USD ($) | 9 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Cash paid for noncancelable operating leases included in operating cash flows | $ 213,917 | $ 203,953 |
Right of use assets obtained in exchange for operating lease liabilities | $ 5,150 | $ 496,567 |
Note 16 - Leases - Schedule o_3
Note 16 - Leases - Schedule of Future Minimum Lease Payments (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
From July 2023 to June 2024 | $ 174,635 | |
From July 2024 to June 2025 | 104,224 | |
From July 2025 to June 2026 | 93,826 | |
From July 2026 to June 2027 | 95,613 | |
From July 2027 to June 2028 | 16,426 | |
Undiscounted cash flow | 484,724 | |
Less: imputed interest | (34,055) | |
Total | 450,669 | |
Lease liabilities - current | 159,192 | |
Lease liabilities - long-term | $ 291,477 | $ 398,285 |
Note 17 - Accrued Liabilities -
Note 17 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Accrued payroll, taxes and employee benefits | $ 1,110,962 | $ 1,412,055 |
Deferred revenue | 5,702 | 3,299 |
Accrued taxes - foreign and domestic | 286,382 | 371,293 |
Accrued other expense | 80,686 | 123,752 |
Accrued legal and other professional costs | 61,302 | 57,905 |
Accrued costs of revenue | 465,518 | 352,060 |
Right of use liability | 159,192 | |
Deferred financing fees | 0 | 88,685 |
Accrued interest | 228 | 455,963 |
Total accrued liabilities | 2,169,972 | 3,042,443 |
Right-of-use Liability [Member] | ||
Right of use liability | $ 159,192 | $ 177,431 |
Note 18 - Related Parties (Deta
Note 18 - Related Parties (Details Textual) | Sep. 28, 2017 shares |
Stock Issued During Period, Shares, Acquisitions (in shares) | 4,871,745 |
Note 19 - Debt Obligations (Det
Note 19 - Debt Obligations (Details Textual) | Feb. 15, 2021 USD ($) | Feb. 15, 2021 CLP ($) | Feb. 05, 2021 USD ($) | Feb. 05, 2021 CLP ($) | Feb. 04, 2021 USD ($) | Feb. 04, 2021 CLP ($) | Feb. 02, 2021 USD ($) | Feb. 02, 2021 CLP ($) | Jan. 12, 2021 USD ($) | Jan. 12, 2021 CLP ($) | Jan. 06, 2021 USD ($) | Jan. 06, 2021 CLP ($) | Jul. 02, 2026 | Jul. 02, 2025 | Jul. 02, 2024 | Jun. 30, 2023 USD ($) | Apr. 26, 2023 | Sep. 30, 2022 USD ($) | Feb. 15, 2021 CLP ($) | Feb. 02, 2021 CLP ($) | Jan. 12, 2021 CLP ($) | Dec. 21, 2020 | Dec. 20, 2020 |
Debt Instrument, Face Amount | $ 42,864,000 | ||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 136,564 | $ 99,808,328 | $ 205,330 | $ 149,794,432 | $ 338,954 | $ 247,999,300 | $ 482,965 | $ 347,198,500 | $ 101,186 | ||||||||||||||
Other Expenses | $ 286 | $ 210,485 | 2,734 | $ 2,000,700 | 3,897 | $ 2,801,500 | |||||||||||||||||
Broker Fees Others | $ 38,317 | $ 19,304 | $ 27,275 | $ 14,124,294 | $ 19,607,843 | ||||||||||||||||||
Chilean Pesos [Member] | |||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 678,214 | $ 500,000,000 | $ 70,443,375 | ||||||||||||||||||||
Broker Fees Others | $ 28,248,588 | ||||||||||||||||||||||
Agreement with Conrent [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4% | 8% | |||||||||||||||||||||
Interest Payable | $ 0 | ||||||||||||||||||||||
Amended Agreement with Conrent [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4% | 4% | 4% | ||||||||||||||||||||
Debt Instrument, Face Amount | $ 42,864,000 | $ 42,864,000 | |||||||||||||||||||||
Amended Agreement with Conrent [Member] | Forecast [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6% | 5.50% | 5% | ||||||||||||||||||||
Note Payable With HP Financial Services Maturing on Feb 6, 2024 [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.56% | 6.56% | |||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 6.56% | 6.56% | |||||||||||||||||||||
Note Payable With Banco Santander [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.04% | 5.04% | |||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 5.04% | 5.04% | |||||||||||||||||||||
Note Payable With Banco Estado [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.50% | 3.50% | |||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 3.50% | 3.50% | |||||||||||||||||||||
Note Payable with HP Financial Services Maturing on March 4, 2024 [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.61% | 6.61% | |||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 6.61% | 6.61% | |||||||||||||||||||||
Note Payable with Banco De Chile Maturing on March 4, 2024 [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 2.54% | 2.54% | |||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 2.54% | 2.54% | |||||||||||||||||||||
Note Payable with Banco De Chile Maturing on Feb 17, 2025 [Member] | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.12% | 3.12% | |||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 3.12% | 3.12% |
Note 19 - Debt Obligations - Su
Note 19 - Debt Obligations - Summary of Debt Obligations (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
Debt obligations, net of unamortized issuance costs | $ 43,261,152 | $ 43,435,924 |
Less: current portion | (462,577) | (456,681) |
Long-term debt, less current portion | 42,798,575 | 42,979,243 |
Amended Agreement with Conrent [Member] | ||
Debt obligations, net of unamortized issuance costs | 42,713,549 | 42,653,649 |
Note Payable With HP Financial Services Maturing on Feb 6, 2024 [Member] | ||
Debt obligations, net of unamortized issuance costs | 20,503 | 35,335 |
Note Payable With Banco Santander [Member] | ||
Debt obligations, net of unamortized issuance costs | 119,835 | 177,463 |
Note Payable With Banco Estado [Member] | ||
Debt obligations, net of unamortized issuance costs | 72,347 | 135,521 |
Note Payable with HP Financial Services Maturing on March 4, 2024 [Member] | ||
Debt obligations, net of unamortized issuance costs | 48,943 | 79,375 |
Note Payable with Banco De Chile Maturing on March 4, 2024 [Member] | ||
Debt obligations, net of unamortized issuance costs | 31,150 | 51,278 |
Note Payable with Banco De Chile Maturing on Feb 17, 2025 [Member] | ||
Debt obligations, net of unamortized issuance costs | $ 254,825 | $ 303,303 |
Note 19 - Debt Obligations - _2
Note 19 - Debt Obligations - Summary of Debt Obligations (Details) (Parentheticals) - USD ($) | 9 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Sep. 30, 2022 | Apr. 26, 2023 | |
Debt instrument, face amount | $ 42,864,000 | ||
Debt instrument, unamortized issuance costs | 176,332 | ||
Amended Agreement with Conrent [Member] | |||
Debt instrument, face amount | $ 42,864,000 | $ 42,864,000 | |
Debt instrument, interest rate | 4% | 4% | 4% |
Interest paid | $ 1,739,745 | $ 0 | |
Debt instrument, unamortized issuance costs | $ 150,451 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4% | 4% | 4% |
Note Payable With HP Financial Services Maturing on Feb 6, 2024 [Member] | |||
Debt instrument, interest rate | 6.56% | 6.56% | |
Debt Instrument, Interest Rate, Stated Percentage | 6.56% | 6.56% | |
Note Payable With Banco Santander [Member] | |||
Debt instrument, interest rate | 5.04% | 5.04% | |
Debt instrument, unamortized issuance costs | $ 7,514 | $ 7,514 | |
Debt Instrument, Interest Rate, Stated Percentage | 5.04% | 5.04% | |
Note Payable With Banco Estado [Member] | |||
Debt instrument, interest rate | 3.50% | 3.50% | |
Debt instrument, unamortized issuance costs | $ 3,906 | $ 3,906 | |
Debt Instrument, Interest Rate, Stated Percentage | 3.50% | 3.50% | |
Note Payable with HP Financial Services Maturing on March 4, 2024 [Member] | |||
Debt instrument, interest rate | 6.61% | 6.61% | |
Debt Instrument, Interest Rate, Stated Percentage | 6.61% | 6.61% | |
Note Payable with Banco De Chile Maturing on March 4, 2024 [Member] | |||
Debt instrument, interest rate | 2.54% | 2.54% | |
Debt instrument, unamortized issuance costs | $ 97 | $ 97 | |
Debt Instrument, Interest Rate, Stated Percentage | 2.54% | 2.54% | |
Note Payable with Banco De Chile Maturing on Feb 17, 2025 [Member] | |||
Debt instrument, interest rate | 3.12% | 3.12% | |
Debt instrument, unamortized issuance costs | $ 14,364 | $ 14,364 | |
Debt Instrument, Interest Rate, Stated Percentage | 3.12% | 3.12% |
Note 19 - Debt Obligations - Fu
Note 19 - Debt Obligations - Future Maturities of Debt Obligations (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
2024 | $ 462,577 | |
2025 | 110,907 | |
2026 | 0 | |
2027 | 42,864,000 | |
Total | 43,437,484 | |
Issuance costs | (176,332) | |
Debt obligations, net of unamortized issuance costs | $ 43,261,152 | $ 43,435,924 |
Note 20 - Preferred and Commo_2
Note 20 - Preferred and Common Stock (Details Textual) $ / shares in Units, $ in Thousands | 9 Months Ended | |||
Jun. 30, 2023 USD ($) $ / shares shares | Jun. 30, 2022 USD ($) | Sep. 30, 2022 $ / shares shares | Oct. 12, 2017 shares | |
Common Stock, Shares Authorized (in shares) | 30,000,000 | 30,000,000 | ||
Preferred Stock, Shares Authorized (in shares) | 20,000,000 | 20,000,000 | ||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.0001 | $ 0.0001 | ||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | ||
Dividends, Preferred Stock, Total | $ | $ 0 | $ 0 | ||
Series A Convertible Preferred Stock [Member] | ||||
Preferred Stock, Shares Authorized (in shares) | 1,200,000 | 1,200,000 | 1,200,000 | |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.0001 | $ 0.0001 | ||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | ||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 35 | |||
Preferred Stock, Convertible, Conversion Ratio | 10 | |||
Preferred Stock, Convertible, Convertibility, Period After Date of Issuance (Day) | 540 days | |||
Preferred Stock, Shares Issued, Total (in shares) | 0 |
Note 21 - Stock Options and W_3
Note 21 - Stock Options and Warrants (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||
Apr. 13, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | |
Stock Issued During Period, Value, Issued for Services | $ 0 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 215,000 | ||||||
Share Price (in dollars per share) | $ 0.28 | $ 0.70 | $ 0.28 | $ 0.70 | $ 0.28 | ||
Restricted Stock [Member] | |||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 285,000 | ||||||
Stock Issued During Period, Value, Issued for Services | $ 370,500 | ||||||
Stock Options and Warrants [Member] | |||||||
Share-Based Payment Arrangement, Expense | $ 0 | $ 0 | $ 0 | $ 0 | |||
The 2022 Plan [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 500,000 | 500,000 | 500,000 | ||||
The 2022 Plan [Member] | Restricted Stock [Member] | |||||||
Share-Based Payment Arrangement, Expense | $ 25,730 | $ 94,340 | $ 138,938 | $ 94,340 | |||
The 2012 Plan [Member] | |||||||
Class of Warrant or Right, Issued During Period (in shares) | 0 | 0 |
Note 21 - Stock Options and W_4
Note 21 - Stock Options and Warrants - Summary of Stock Options and Warrants Activity (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Sep. 30, 2022 | |
Outstanding (in shares) | 160,881 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 1.24 | |
Outstanding, weighted average remaining contractual life (Year) | 6 months | 7 months 6 days |
Outstanding, aggregate intrinsic value | $ 0 | $ 225 |
Expired/Cancelled (in shares) | (156,193) | |
Expired/Cancelled (in dollars per share) | $ 1.24 | |
Exercised (in shares) | 0 | |
Outstanding (in shares) | 4,688 | 160,881 |
Outstanding, weighted average exercise price (in dollars per share) | $ 1.24 | $ 1.24 |
Exercisable (in shares) | 4,688 | |
Exercisable, weighted average exercise price (in dollars per share) | $ 1.24 | |
Exercisable, weighted average remaining contractual life (Year) | 6 months | |
Exercisable, aggregate intrinsic value | $ 0 |
Note 22 - Income Taxes (Details
Note 22 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | |
Net Income (Loss) Attributable to Parent | $ (697,184) | $ (1,485,258) | $ 36,384 | $ (3,605,059) | $ 452,241 | $ (305,322) | $ (2,146,058) | $ (3,458,140) |
Note 23 - Commitments and Con_2
Note 23 - Commitments and Contingencies (Details Textual) | 3 Months Ended | 9 Months Ended | |||||
May 09, 2022 USD ($) | Mar. 24, 2017 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Mar. 31, 2023 USD ($) | |
Number of Performance Bonds in Connection with a Foreign Customer | 1 | 1 | |||||
Performance Bonds in Connection with a Foreign Customer | $ 1,525,525 | $ 1,525,525 | |||||
Number of Performance Bonds. Released, in Connection with a Foreign Customer | 2 | ||||||
Performance Bonds in Connection with a Foreign Customer, Including Interest | $ 1,041,797 | ||||||
Performance Bonds in Connection with a Foreign Customer, Bonds Expiring in Third Fiscal Year, Interest Rate | 2.80% | ||||||
Performance Bonds in Connection with a Foreign Customer, Interest Expense | $ 13,227 | $ 11,144 | $ 43,366 | $ 44,560 | |||
SecureAlert, Inc. v. Federal Government of Mexico [Member] | |||||||
Claim Amount | $ 4,000,000 | ||||||
Jesus Valle Gonzalez, et.al v. Track Group Puerto Rico [Member] | Pending Litigation [Member] | Minimum [Member] | |||||||
Loss Contingency, Damages Sought, Value | $ 1,500,000 |