Track (TRCK) 10-K 23 Dec 24 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Dec. 02, 2024	Mar. 31, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	000-23153
Entity Registrant Name	TRACK GROUP, INC.
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
Title of 12(g) Security	Common Stock, Par Value $0.0001
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	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1.4
Entity Common Stock, Shares Outstanding (in shares)		11,863,758
Auditor Firm ID	286
Auditor Name	Eide Bailly LLP
Auditor Location	Denver, Colorado
Entity Central Index Key	0001045942
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Current assets:
Cash	$ 3,574,215	$ 4,057,195
Accounts receivable, net of allowance for credit losses of $432,904 and $178,095, respectively	4,428,535	4,536,916
Prepaid expense and deposits	638,293	610,440
Inventory, net of reserves of $82,848 and $3,772, respectively	582,481	1,286,194
Assets held for sale	969,481	0
Total current assets	10,193,005	10,490,745
Intangible assets, net of accumulated amortization of $19,699,966 and $17,430,846, respectively	13,959,571	14,157,294
Goodwill	7,941,190	7,851,466
Other assets, net	660,170	2,442,154
Total assets	37,670,006	40,244,559
Current liabilities:
Accounts payable	3,082,467	2,796,712
Accrued liabilities	2,639,318	2,571,839
Current portion of long-term debt	0	308,417
Liabilities held for sale	732,028	0
Total current liabilities	6,453,813	5,676,968
Long-term debt, net of current portion	42,639,197	42,801,165
Long-term liabilities	186,407	259,359
Total liabilities	49,279,417	48,737,492
Commitments and Contingencies
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
Paid in capital	302,600,546	302,597,115
Accumulated deficit	(312,691,811)	(309,610,397)
Accumulated other comprehensive loss	(1,519,332)	(1,480,837)
Total equity (deficit)	(11,609,411)	(8,492,933)
Total liabilities and stockholders’ equity (deficit)	37,670,006	40,244,559
Series A Convertible Preferred Stock [Member]
Stockholders’ equity (deficit):
Preferred stock, $0.0001 par value: 20,000,000 shares authorized; 0 shares outstanding	0	0
Property, Plant, and Equipment, Excluding Monitoring Equipment [Member]
Current assets:
Property, plant and equipment, net of accumulated depreciation	317,206	115,808
Monitoring Equipment [Member]
Current assets:
Property, plant and equipment, net of accumulated depreciation	$ 4,598,864	$ 5,187,092

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss, Current	$ 432,904	$ 178,095
Reserve for inventory	82,848	3,772
Intangible assets, accumulated amortization	$ 19,699,966	$ 17,430,846
Common Stock, Par or Stated Value Per Share (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 or Stated Value Per Share (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
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001	$ 0.0001
Series A Convertible 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 or Stated Value Per Share (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
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001	$ 0.0001
Series A Convertible 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, Plant, and Equipment, Owned, Accumulated Depreciation	$ 430,003	$ 1,920,850
Monitoring Equipment [Member]
Property, Plant, and Equipment, Owned, Accumulated Depreciation	$ 5,982,972	$ 6,348,695

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income/(Loss) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Revenues	$ 36,886,500	$ 34,475,865
Cost of revenue:
Monitoring, products and other related services	16,615,936	15,915,300
Depreciation and amortization included in cost of revenue	3,061,520	3,263,490
Total cost of revenue	19,677,456	19,178,790
Gross profit	17,209,044	15,297,075
Operating expense:
General & administrative	11,521,826	10,275,695
Selling & marketing	3,121,239	2,842,661
Research & development	2,749,218	2,735,060
Depreciation & amortization	944,115	987,472
Impairment on assets held for sale	757,130	0
Total operating expense	19,093,528	16,840,888
Operating income (loss)	(1,884,484)	(1,543,813)
Other income (expense):
Interest income	126,365	272,775
Interest expense	(2,024,443)	(1,960,488)
Currency exchange rate gain (loss)	115,302	467,868
Other income/(expense), net	(3,607)	0
Total other income (expense)	(1,786,383)	(1,219,845)
Income (loss) before income taxes	(3,670,867)	(2,763,658)
Income tax expense (benefit)	(589,453)	627,850
Net income (loss) attributable to common stockholders	(3,081,414)	(3,391,508)
Foreign currency translation adjustments	(38,495)	(206,220)
Comprehensive income (loss)	$ (3,119,909)	$ (3,597,728)
Net income (loss) per share – basic:
Net income (loss) per common share, basic (in dollars per share)	$ (0.26)	$ (0.3)
Weighted average common shares outstanding, basic (in shares)	11,863,758	11,863,758
Net income (loss) per share – diluted:
Net income (loss) per common share, diluted (in dollars per share)	$ (0.26)	$ (0.3)
Weighted average common shares outstanding, diluted (in shares)	11,863,758	11,863,758
Monitoring and Other Related Services [Member]
Revenue:
Revenues	$ 35,712,211	$ 33,503,687
Product Sales and Other [Member]
Revenue:
Revenues	$ 1,174,289	$ 972,178

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity/(Deficit) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
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	159,522	0	0	159,522
Foreign currency translation adjustments	0	0	0	(206,220)	(206,220)
Net loss	$ 0	0	(3,391,508)	0	(3,391,508)
Balance (in shares) at Sep. 30, 2023	11,863,758
Balance at Sep. 30, 2023	$ 1,186	302,597,115	(309,610,397)	(1,480,837)	(8,492,933)
Stock-based compensation	0	3,431	0	0	3,431
Foreign currency translation adjustments	0	0	0	(38,495)	(38,495)
Net loss	$ 0	0	(3,081,414)	0	(3,081,414)
Balance (in shares) at Sep. 30, 2024	11,863,758
Balance at Sep. 30, 2024	$ 1,186	$ 302,600,546	$ (312,691,811)	$ (1,519,332)	$ (11,609,411)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (3,081,414)	$ (3,391,508)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,005,635	4,250,962
Bad debt expense	276,561	166,737
Sales allowance	46,935	23,065
Stock-based compensation	3,431	159,522
Deferred Taxes	(516,697)	(133,671)
Loss on monitoring equipment included in cost of revenue	332,702	305,300
Amortization of debt issuance costs	111,357	152,663
Amortization of monitoring center assets included in cost of revenue	519,341	572,135
Foreign currency exchange (gain)/loss	(115,303)	(467,868)
Loss on disposal of assets	3,607	0
Loss on impairment of assets held for sale	757,130	0
Accounts receivable, net	(215,115)	1,509,837
Inventories, net	775,328	(234,262)
Current assets held for sale	(719,201)	0
Prepaid expense, deposits and other assets	1,715,515	1,510,493
Noncurrent assets	10,614	0
Accounts payable	285,755	(62,203)
Accrued liabilities	41,245	(484,402)
Current liabilities held for sale	732,028	0
Other current liabilities	(58,246)	0
Net cash provided by operating activities	4,911,208	3,876,800
Cash flow from investing activities:
Purchase of property and equipment	(278,315)	(40,083)
Capitalized software	(2,023,228)	(1,020,604)
Purchase of monitoring equipment and parts	(1,539,269)	(3,503,515)
Net cash used in investing activities	(3,840,812)	(4,564,202)
Cash flow from financing activities:
Principal payments on long-term debt	(326,731)	(467,323)
Payment of deferred financing fees	(38,339)	(44,151)
Net cash used in financing activities	(365,070)	(511,474)
Effect of exchange rate changes on cash	(180,896)	(55,033)
Net increase (decrease) in cash	524,430	(1,253,909)
Cash, beginning of year	4,057,195	5,311,104
Cash and cash held for sale, end of year	4,581,625	4,057,195
Cash paid for interest	1,813,569	1,894,972
Cash paid for taxes	$ 35,980	$ 670,231

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Other Information None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Nature of Operations [Text Block]	(1) Organization and Nature of Operations General The Company’s business is based on the leasing of patented tracking and monitoring solutions to federal, state and local law enforcement agencies, both in the U.S. and abroad, for the electronic monitoring of offenders and offering unique data analytics services on a platform-as-a-service (“ PaaS Business Condition.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	(2) Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Track Group, Inc. and its active wholly-owned subsidiaries, Track Group Analytics Limited, Track Group Americas, Inc., Track Group International LTD., and Track Group - Chile SpA. All significant inter-company transactions have been eliminated in consolidation. Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expense during the period presented. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Significant estimates made in the accompanying consolidated financial statements include, but are not limited to, allowances for doubtful accounts and certain assumptions related to the recoverability of intangible assets and Goodwill. Foreign Currency Translation The Chilean Peso, New Israeli Shekel and the Canadian Dollar are used as functional currencies of the operating subsidiaries: (i) Track Group Chile SpA; (ii) Track Group International Ltd.; and (iii) Track Group Analytics Limited, respectively. The balance sheets of all subsidiaries have been converted into United States Dollars (“ USD Other Intangible Assets Other intangible assets principally consist of patents, royalty purchase agreements, developed technology acquired, trade name, and capitalized software development costs. The Company accounts for other intangible assets in accordance with generally accepted accounting principles and does not amortize intangible assets with indefinite lives. Intangible assets with finite useful lives are amortized over their respective estimated useful lives, which range from three twenty Fair Value of Financial Instruments The carrying amounts reported in the accompanying consolidated financial statements for accounts receivable, other assets, accounts payable, accrued liabilities and debt obligations approximate fair values because of the immediate or short-term maturities of these financial instruments. The carrying amounts of our debt obligations approximate fair value as the interest rates approximate market interest rates. Concentration of Revenue & Credit Risk In the normal course of business, the Company provides credit terms to its customers and requires no collateral. Accordingly, the Company performs credit evaluations of our customers' financial condition. The Company had sales to entities, two 2024 % 2023 % Customer A $ 5,746,451 16 % $ 6,730,687 20 % Customer B 3,757,504 10 % 3,804,951 11 % No other customer represented more than 10% of the Company’s total revenue for the fiscal years ended September 30, 2024 or 2023. On November 1, 2024 we sold our Chile subsidiary, which includes Customer A. Concentration of credit risk associated with the Company’s total and outstanding accounts receivable as of September 30, 2024 and 2023, respectively, are shown in the table below: 2024 % 2023 % Customer A $ 495,969 11 % $ 490,848 11 % Customer C 489,618 11 % 630,494 14 % Customer D 475,012 11 % 465,320 10 % Cash and Cash Held for Sale Cash and cash held for sale consisted of the following: 2024 2023 Cash $ 3,574,215 $ 4,057,195 Cash held for sale 1,007,410 - Total cash and cash held for sale $ 4,581,625 $ 4,057,195 The Company has cash in bank accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company had $4,319,894 and $3,715,850 of cash deposits in excess of federally insured limits as of September 30, 2024 and 2023, respectively. Accounts Receivable Accounts receivable, which is made up of trade receivables for monitoring and other related services, are carried at original invoice amount less allowances for credits and for any potential uncollectible amounts due to credit losses. We make estimates of the expected credit and collectability trends for the allowance for credit losses based on our assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of our customers, current economic conditions, and other factors that may affect our ability to collect from our customers. Trade receivables are written off when deemed uncollectible. Recoveries of trade receivables previously written off are recorded when cash is received. A trade receivable is considered to be past due if any portion of the receivable balance has not been received by the Company within its normal terms. Interest income is not recorded on trade receivables that are past due, unless that interest is collected. For the fiscal years ended September 30, 2024 and September 30 2023, the Company wrote-off accounts receivables of $111,324 and $154,978, respectively which are recorded as general and administrative expense on our Condensed Consolidated Statements of Operations. The Company also maintains an allowance for credit memos for estimated credit memos to be issued against current sales. Estimates of allowance for credit memos are based upon the application of a historical issuance lag period to the average credit memos issued each month. For the fiscal years ended September 30, 2024 and September 30 2023, the reserve for credit memos was $70,000 and $23,065, respectively. Prepaid Expense and Other Prepaid assets and other is comprised largely of tax deposits, vendor deposits and other prepaid supplier expenses. We generally expect deposits to be returned to the Company as cash within 12 months after the Company’s contractual obligation has been completed and prepaid expenses to be allocated over the commitment. Inventory Inventory is valued at the lower of the cost or net realizable value. Cost is determined using the first-in/first-out method. Net realizable value is determined based on the item selling price. Inventory is periodically reviewed in order to identify obsolete or damaged items or impaired values. Inventory consists of parts used for minor repairs of ReliAlert™, and other tracking devices. Inventory also consists of completed circuit boards and the components used to manufacture circuit boards. Completed and shipped ReliAlert™ and other tracking devices are reflected in Monitoring Equipment. As of September 30, 2024 and 2023, inventory consisted of the following: 2024 2023 Monitoring equipment component boards inventory $ 665,329 $ 1,289,966 Reserve for damaged or obsolete inventory (82,848 ) (3,772 ) Total inventory, net of reserves $ 582,481 $ 1,286,194 The Company uses a third-party fulfillment service provider. As a result of this service, the Company’s employees do not actively assemble new products or repair a significant amount of monitoring equipment shipped directly from suppliers. Purchases of monitoring equipment are recognized directly. Management believes this process reduces maintenance and fulfillment costs associated with inventory and monitoring equipment. Management reviews inventory regularly to identify damaged or obsolete inventory and reserves for potential losses. The Company recorded charges of $82,848 and $3,772 during the years ended September 30, 2024 and 2023, respectively, for inventory that was obsolete, lost or damaged. Obsolete, lost and damaged items are expensed in Monitoring, products & other related services in the Consolidated Statement of Operations. Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Depreciation is determined using the straight-line method over the estimated useful lives of the assets, typically three seven Property and equipment consisted of the following as of September 30, 2024 and 2023, respectively: 2024 2023 Equipment, software and tooling $ 114,088 $ 1,427,522 Automobiles - 4,460 Leasehold improvements 237,722 382,122 Furniture and fixtures 120,364 222,554 Other fixed assets 275,035 - Total property and equipment before accumulated depreciation 747,209 2,036,658 Accumulated depreciation (430,003 ) (1,920,850 ) Property and equipment, net of accumulated depreciation $ 317,206 $ 115,808 Property and equipment in the table above as of September 30, 2024 exclude amounts classified as held for sale of $10,614, which are recorded as assets held for sale on the Consolidated Balance Sheet. See Note 14 for additional information. Property and equipment to be disposed of is reported at the lower of the carrying amount or fair value, less the estimated costs to sell and any gains or losses are included in the results of operations. During the fiscal years ended September 30, 2024 and September 30, 2023, the Company disposed of $1,461,526 and $8,669 of fixed assets, respectively. The fixed assets disposed of in Fiscal 2024 were mostly fully depreciated assets that were obsolete. Internally developed software costs related to the Company’s monitoring platform are recorded as intangible assets on the Consolidated Balance Sheet. Depreciation expense recognized for property and equipment for the fiscal years ended September 30, 2024 and 2023 was $62,620 and $95,099, respectively. Depreciation expense for property and equipment is recognized in operating expense in the Consolidated Statements of Operations. Monitoring Equipment The Company leases monitoring equipment to agencies for offender tracking under contractual service agreements. The monitoring equipment is depreciated using the straight-line method over an estimated useful life of between one three 2024 2023 Monitoring equipment $ 10,581,836 $ 11,535,787 Less: accumulated depreciation (5,982,972 ) (6,348,695 ) Monitoring equipment, net of accumulated depreciation $ 4,598,864 $ 5,187,092 Depreciation expense for the fiscal years ended September 30, 2024 and 2023 was $1,695,501 and $1,539,234, respectively. This expense was classified as a cost of revenue in the Consolidated Statements of Operations. During the fiscal years ended September 30, 2024 and 2023, the Company recorded charges of $332,702 and $305,300, respectively, for devices that were lost, stolen or damaged. Lost, stolen and damaged items are expensed in Monitoring, products and other related services in the Consolidated Statements of Operations. Impairment of Long-Lived Assets and Goodwill The Company reviews long-lived assets for impairment when events or changes in circumstances indicate that the book value of an asset may not be recoverable, and in the case of goodwill, at least annually. The Company evaluates whether events and circumstances have occurred which indicate possible impairment as of each balance sheet date. If the carrying amount of an asset exceeds its fair value, an impairment charge is recognized for the amount by which the carrying amount exceeds the estimated fair value of the asset. Impairment of long-lived assets is assessed at the lowest levels for which there is an identifiable fair value that is independent of other groups of assets. See Note 13. Assets and Liabilities Held for Sale Assets and liabilities to be disposed of by sale are reclassified into Assets held for sale Liabilities held for sale • Management, having the authority to approve the action, commits to a plan to sell the asset (disposal group). • The asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets (disposal groups). • An active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated. • The sale of the asset (disposal group) is probable, and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale, within one year. • The asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value. • Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The determination as to whether the sale of the disposal group is probable may include significant judgments from management related to the estimated timing of the closing of a future sales transaction. For information regarding significant judgments related to fair value estimates of the disposal group held for sale, refer to the Impairment Critical Accounting Estimates Assets held for sale are measured at the lower of their carrying amount or fair value less cost to sell and are not depreciated or amortized. See Note 14 of our Financial Statements for impairments of our assets held for sale. As of September 30, 2024, the Company concluded that Track Group Chile met all of the criteria listed above for classification as held for sale. On November 1, 2024, the Company completed the sale. Revenue Recognition Our revenue is predominantly derived from two sources: (i) monitoring services, and (ii) product sales. Monitoring and Other Related Services Monitoring services include two components: (i) lease contracts pursuant to which the Company provides monitoring services and leased devices to distributors or end users and the Company retains ownership of the leased device; and (ii) monitoring services purchased by distributors or end users who have previously purchased monitoring devices and opt to use the Company’s monitoring services. The rates for leased devices and monitoring services are considered to be stated at their individual stand-alone selling prices. The Company recognizes revenue on leased devices and monitoring services at the end of each month the services have been provided and payment terms are 30 days from invoice date. In those circumstances in which the Company receives payment in advance, the Company records these payments as deferred revenue. Product Sales and Other The Company sells devices and replacement parts to customers under certain contracts, as well as law enforcement software licenses and maintenance, and analytical software. Revenue transactions associated with the sale of devices and replacement parts comprise a single performance obligation. We satisfy the performance obligation when the Company has transferred control of the product to the customer and they receive substantially all of the benefits. Transfer of control passes to customers upon shipment or upon receipt depending on the country of the sale and the agreement with the customer. The transaction price is determined based upon the invoiced sales price and payment terms for the transaction depends on the agreement with the customer and payment is generally required within 60 days or less of shipment. The Company recognizes revenue from other services as the customer receives services and the Company has the right to payment. When purchasing products (such as ReliAlert™ devices) from the Company, customers may, but are not required to, enter into monitoring service contracts with us. The Company recognizes revenue on monitoring services for customers that have previously purchased devices at the end of each month that monitoring services have been provided. Multiple Element Arrangements The majority of our revenue transactions do not have multiple elements. However, on occasion, the Company may enter into revenue transactions that have multiple elements. These may include different combinations of products or services that are included in a single billable rate. These products or services are delivered over time as the customer utilizes our services. In cases where obligations in a contract are distinct and thus require separation into multiple performance obligations, revenue recognition guidance requires that contract consideration be allocated to each distinct performance obligation based on its relative standalone selling price. The value allocated to each performance obligation is then recognized as revenue when the revenue recognition criteria for each distinct promise or bundle of promises has been met. There were no multiple element arrangements for the years ended September 30, 2024 and 2023. Other Matters The Company considers an arrangement with payment terms longer than the Company’s normal terms not to be fixed or determinable. Normal payment terms for the sale of monitoring services and products are due upon receipt to 30 days. The Company sells devices and services directly to end users and to distributors. Distributors do not have general rights of return. Also, distributors have no price protection or stock protection rights with respect to devices sold to them by us. Generally, title and risk of loss pass to the buyer upon delivery of the devices. Shipping and handling fees charged to customers are included as part of total revenue. The related freight costs and supplies directly associated with shipping products to customers are included as a component of cost of revenue. Research and Development Costs The Company expenses research and development costs as incurred. During the fiscal year ended September 30, 2024 and September 30, 2023, the Company incurred research and development expense of $2,749,218 and $2,735,060, respectively. Advertising Costs The Company expenses advertising costs as incurred. Advertising expense for the fiscal years ended September 30, 2024 and 2023 was $14,925 and $13,707, respectively. Stock-Based Compensation The Company recognizes compensation expense for stock-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The fair value of stock options is estimated using a Black-Scholes option pricing model, which requires management to make estimates for certain assumptions regarding risk-free interest rate, expected life of options, expected volatility of stock and expected dividend yield of stock. Outstanding restricted stock units are amortized over the vesting period. We recorded $3,431 and $159,522 of expense related to these awards for fiscal years ended September 30, 2024 and 2023, respectively. Income Taxes 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. The tax effects from uncertain tax positions can be recognized in the financial statements, provided the position is more likely than not to be sustained on audit, based on the technical merits of the position. We recognize the financial statement benefits of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized, upon ultimate settlement with the relevant tax authority. The Company applied the foregoing accounting standard to all of our tax positions for which the statute of limitations remained open as of the date of the accompanying consolidated financial statements. The Company's policy is to recognize interest and penalties related to income tax issues as components of other noninterest expense. As of September 30, 2024 and September 30, 2023, we did not Net Income (Loss) Per Common Share Basic net income (loss) per common share (“ Basic EPS Diluted net income (loss) per common share (“ Diluted EPS Common share equivalents consist of shares issuable upon the exercise of options and warrants to purchase shares of the Company’s Common Stock, par value $0.0001 per share (“ Common Stock no At September 30, 2023, all stock options and warrants had exercise prices that were above the market price of $0.49 and have been excluded from the diluted earnings per share calculations. There were no The common stock equivalents outstanding as of June 30, 2024 and 2023 consisted of the following: 2024 2023 Issuable Common Stock options and warrants - 4,688 Total Common Stock equivalents - 4,688 Recent Accounting Standards New Accounting Standards or Updates Adopted in Fiscal 2024 In July 2023, the FASB issued ASU 2023-03, Presentation of Financial Statements (Topic 205), Income Statement Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic , and Compensation Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280 General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. In January 2017, the FASB issued ASU 2017-04, Intangibles Goodwill and Other: Simplifying the Test for Goodwill Impairment In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments CECL Recent Accounting Standards or Updates Not Yet Effective In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendment in Response to the SEC s Disclosure Update and Simplification Initiative In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures No other new accounting pronouncements issued or effective as of September 30, 2024 have had or are expected to have a material impact on our consolidated financial statements.

Note 3 - Revenue Recognition

Note 3 - Revenue Recognition	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	(3) Revenue Recognition Monitoring and Other Related Services Product Sales and Other Multiple Element Arrangements 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 performance obligation associated with a contract, the entire sale value is attributed to that obligation. When a contract contains multiple performance obligations the transaction value is first allocated using the observable price, which is generally a list price, net of applicable discount, or the price used to sell in similar circumstances. In circumstances when a selling price is not directly observable, the Company will estimate the standalone selling price using information available to us. The following tables present the Company’s revenue disaggregated by geography, based on management’s assessment of available data: Year Ended September 30, 2024 Year Ended September 30, 2023 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 25,984,679 70 % $ 24,295,601 71 % Latin America 9,877,373 27 % 9,370,160 27 % Other 1,024,448 3 % 810,104 2 % Total $ 36,886,500 100 % $ 34,475,865 100 % The above table includes total revenue for the Company, of which monitoring and other related services is the majority (approximately 97% for fiscal years ended September 30, 2024 and 2023) of the Company’s revenue. Latin America includes Bahamas, Chile, Puerto Rico, Brazil, Panama, Caymen Islands and the U.S. Virgin Islands. Other includes Canada and Saudi Arabia. The balance of accounts receivable at September 30, 2024 of $4,428,535 does not include an unbilled balance, which is now included in assets held for sale on the Consolidated Balance Sheet. The balance of accounts receivable at September 30, 2023 of $4,536,916 includes an unbilled balance of $490,848. Accounts receivable, which is made up of trade receivables for monitoring and other related services, are carried at original invoice amount less allowances for credits and for any potential uncollectible amounts due to credit losses. We make estimates of the expected credit and collectability trends for the allowance for credit losses based on our assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of our customers, current economic conditions, and other factors that may affect our ability to collect from our customers. Expected credit losses are recorded as general and administrative expense on our Condensed Consolidated Statements of Operations. As of September 30, 2024, September 30, 2023, and September 30, 2022 the Company had an allowance for credit losses of $362,904, $155,030, and $102,570 respectively. The following table summarizes the activity of allowance for credit losses on accounts receivable for the year ended September 30, 2024: Year Ended September 30, 2024 Balance - beginning of period $ 178,095 Increase to provision for credit losses 322,940 Write offs charged against allowance (111,324 ) Recoveries of credit losses previously written off 43,193 Balance - end of period $ 432,904 For the year ended September 30, 2024 and September 30, 2023 the Company wrote-off accounts receivables of $111,324 and $154,978, respectively. As of September 30, 2024, September 30, 2023, and September 30, 2022 the reserve for credit memos was $70,000, $23,065, and $0 respectively. The balances of the deferred revenue at September 30, 2024, September 30, 2023, and September 30, 2022 were $0, $431, and $3,299 respectively, and were included in accrued liabilities on the Condensed Consolidated Balance Sheets. The Company recognized $301,249 and $12,928 of deferred revenue in the fiscal years ended September 30, 2024 and September 30, 2023, respectively.

Note 4 - Other Assets

Note 4 - Other Assets	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Investments and Other Noncurrent Assets [Text Block]	(4) Other Assets As of September 30, 2024 and September 30, 2023, respectively, the balance of other assets was $660,170 and $2,442,154, respectively. Other assets at September 30, 2024 are comprised largely of contractually required monitoring center and other equipment, right of use assets, lease deposits, cash used as collateral for a performance bond and deferred income tax. Other assets as of September 30, 2024 exclude amounts classified as held for sale on the Condensed Consolidated Balance Sheet of $246,397. See Note 14 for additional information. The Company was contractually obligated to construct and equip two monitoring centers for an international customer, as well as supply equipment for the customer’s satellite locations, which have been owned by the customer since construction was completed. The monitoring center equipment is amortized using the straight-line method over the contract period between 32 and 40 months. Monitoring center equipment as of September 30, 2024 and 2023, was as follows: September 30, 2024 September 30, 2023 Monitoring center equipment $ 1,638,411 $ 1,619,278 Less: accumulated amortization (1,638,411 ) (1,088,825 ) Monitoring center equipment, net of accumulated amortization $ - $ 530,453 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 twelve-months ended September 30, 2024 and 2023 were $519,341 and $572,135, respectively. The Company recorded revenue from the customer based on a contractually agreed upon unit per day amount during the contract period. See Note 7 for details of the borrowings related to the monitoring centers construction and equipment.

Note 5 - Accrued Liabilities

Note 5 - Accrued Liabilities	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	(5) Accrued Liabilities Accrued liabilities consisted of the following as of September 30, 2024 and 2023: September 30, 2024 September 30, 2023 Accrued payroll, taxes and employee benefits $ 1,243,926 $ 1,116,036 Deferred revenue - 431 Accrued taxes - foreign and domestic 169,951 260,697 Accrued other expense 110,118 108,476 Accrued legal and other professional costs 61,779 80,210 Accrued costs of revenue 214,727 410,726 Right of use liability 128,360 143,846 Deferred financing fees 162,750 - Accrued interest 547,707 451,417 Total accrued liabilities $ 2,639,318 $ 2,571,839 Accrued liabilities in the table above as of September 30, 2024 exclude amounts classified as held for sale of $636,640. See Note 14 for additional information.

Note 6 - Related Parties

Note 6 - Related Parties	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	(6) Related Parties ETS Limited is currently the beneficial owner of 4,706,579 shares of the Company's Common Stock (the “ Track Group Shares ADS Board

Note 7 - Debt Obligations

Note 7 - Debt Obligations	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	(7) Debt Obligations Debt obligations, net of debt issuance costs, as of September 30, 2024 and 2023 consisted of the following: September 30, 2024 September 30, 2023 The unsecured loan (the “ Amended Facility Agreement Conrent $ 42,639,197 $ 42,743,599 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.56% per annum, with a maturity date of February 6, 2024. This note was paid in full upon maturity. - 11,435 The unsecured Note Payable Agreement with Banco Santander, net of unamortized issuance costs $0, bearing interest at a rate of 5.04% per annum, with a maturity date of May 11, 2024. This note was paid in full upon maturity. - 77,670 The unsecured Note Payable Agreement with Banco Estado, net of unamortized issuance costs of $0, bearing interest at a rate of 3.50% per annum, with a maturity date of January 2, 2024. This note was paid in full upon maturity. - 36,773 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.61% per annum, with a maturity date of March 4, 2024. This note was paid in full upon maturity. - 29,118 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $0, bearing interest at a rate of 2.54% per annum, with a maturity date of March 4, 2024. This note was paid in full upon maturity. - 18,440 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $3,216, bearing interest at a rate of 3.12% per annum, with a maturity date of February 17, 2025. This loan is included in liabilities held for sale on the Consolidated Balance Sheet. - 192,547 Total debt obligations 42,639,197 43,109,582 Less: current portion - (308,417 ) Long-term debt, less current portion $ 42,639,197 $ 42,801,165 On December 21, 2020, Conrent and the Company signed an amendment to the Amended Facility Agreement which extended the maturity date of the Amended Facility Agreement to July 1, 2024 (“ Amended Facility Amendment Maturity Date Change of Control On January 6, 2021, the Company borrowed 70,443,375 Chilean Pesos (“ CLP HP Note 1 Santiago Monitoring Center Puerto Montt Monitoring Center On January 12, 2021, the Company borrowed 347,198,500CLP ($482,965USD), net of 2,801,500CLP fees ($3,897USD), from Banco Santander (the “ Banco Santander Note On February 2, 2021, the Company borrowed 247,999,300CLP ($338,954USD), net of 2,000,700CLP fees ($2,734USD), from Banco Estado (the “ Banco Estado Note On February 4, 2021, the Company borrowed 149,794,432CLP ($205,330USD) from HP Financial Services Chile Limitada (the “ HP Note 2 On February 5, 2021, the Company borrowed 99,808,328CLP ($136,564USD), net of 210,485CLP fees ($286USD), from Banco de Chile (the “ Banco de Chile Note 1 On February 15, 2021, the Company borrowed 500,000,000CLP ($678,214USD) from Banco de Chile (the “ Banco de Chile Note 2 The following table summarizes our future maturities of debt obligations, net of the amortization of debt discounts as of September 30, 2024: Twelve months ended September 30: Total 2025 - 2026 - 2027 42,864,000 Total 42,864,000 Issuance costs (224,803 ) Debt obligations, net of unamortized issuance costs $ 42,639,197

Note 8 - Preferred Stock

Note 8 - Preferred Stock	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Preferred Stock [Text Block]	(8) Preferred Stock The Company’s Certificate of Incorporation authorizes it to issue up to 20,000,000 shares of preferred stock, $0.0001 par value per share (“ Preferred Stock Series A Preferred Series A Convertible Preferred Stock On October 12, 2017, the Company filed a Certificate of Designation of the Relative Rights and Preferences (“ Certificate of Designation 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 voting rights. The shares of Common Stock into which the Series A Preferred is convertible shall, upon issuance, have all of the same voting rights as other issued and outstanding shares of our Common Stock. The Series A Preferred has no separate dividend rights; however, whenever the Board declares a dividend on the Company’s Common Stock, if ever, each holder of record of a share of Series A Preferred shall be entitled to receive an amount equal to such dividend declared on one share of Common Stock multiplied by the number of shares of Common Stock into which such share of Series A Preferred could be converted on the Record Date. 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 As of September 30, 2024, there were no

Note 9 - Common Stock

Note 9 - Common Stock	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Common Stock [Text Block]	(9) Common Stock Common Stock Issuances The Company is authorized to issue up to 30,000,000 shares of Common Stock, $0.0001 par value per share. There were no

Note 10 - Stock Options and War

Note 10 - Stock Options and Warrants	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	(10) Stock Options and Warrants Stock Incentive Plan At the annual meeting of stockholders on April 13, 2022, our stockholders approved the 2022 Omnibus Equity Incentive Plan (the “ 2022 Plan The 2022 Plan supersedes and replaces the Company’s 2012 Equity Compensation Plan (the “ 2012 Plan There were no issuances of restricted shares in fiscal year 2024 or 2023. On April 13, 2022, the Company issued 285,000 restricted shares, at a grant date value of $1.30, to members of its executive team from the 2022 Plan with a total value of $370,500. The restricted shares are amortized over the vesting period. One-third of the restricted shares vested on the grant date and one-third of the restricted shares vested on October 13, 2022 and October 13, 2023, respectively. The Company recorded expense of $3,431 and $159,522 during the fiscal years ended September 30, 2024 and 2023, respectively. As of September 30, 2024 there were 215,000 shares of Common Stock available for issuance under the 2022 Plan. 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. During the fiscal years ended September 30, 2024 and 2023, the Company granted no no All options and warrants have vested and are exercisable at September 30, 2024 and no future issuances are expected. As of September 30, 2024, no A summary of the compensation-based options and warrants activity for the fiscal years ended September 30, 2024 and 2023 is presented below: 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 $ - Granted - - - - Expired (156,193 ) (1.24 ) - - Exercised - - - - Outstanding as of September 30, 2023 4,688 $ 1.24 0.25 $ - Granted - - - - Expired (4,688 ) (1.24 ) - - Exercised - - - - Outstanding as of September 30, 2024 - $ - $ - Exercisable as of September 30, 2024 - $ - - $ -

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(11) Income Taxes 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 fiscal years ended September 30, 2024 and 2023, the Company incurred no net losses for income tax purposes. The amount and ultimate realization of the benefits from the net operating losses is dependent, in part, upon the tax laws in effect, our future earnings, and other future events, the effects of which cannot be determined. The Company has established a valuation allowance for all deferred income tax assets not offset by deferred income tax liabilities due to the uncertainty of their realization. Accordingly, there is no benefit for income taxes in the accompanying statements of operations. At September 30, 2024, the Company had net carryforwards available to offset future taxable income of approximately $162,912,903, $2,101,038 of which expires during the year ended September 30, 2024. The utilization of the net loss carryforwards is dependent upon the tax laws in effect at the time the net operating loss carryforwards can be utilized. The Internal Revenue Code contains provisions that likely could reduce or limit the availability and utilization of these net operating loss carryforwards. An ownership change generally affects the rate at which NOLs and potentially other deferred tax assets are permitted to offset future taxable income. Since the Company maintains a full valuation allowance on all U.S. and state deferred tax assets, the impact of prior year ownership changes on the future realizability of U.S. and state deferred tax assets did not result in an impact to the provision for income taxes for the year ended September 30, 2024, or on net deferred tax asset as of September 30, 2024. In the past, ownership changes of the Company resulted in a Sec. 382 limitation on the future realizability of U.S. state NOLs. Since the Company maintains a full valuation allowance on all U.S. and state deferred tax assets, the impact of the Sec. 382 limitation did not result in an impact to the provision for income taxes for the year ended September 30, 2024, or on net deferred assets as of September 30, 2024. The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The tax provision for the year ended September 30, 2024 was due primarily to taxes on the income of a foreign-based subsidiary and U.S. state and local income taxes. The expense for income taxes consisted of the following: Fiscal Years Ended September 30, 2024 2023 Current Federal $ (207,709 ) $ 79,000 State - - Foreign - - Total current (207,709 ) 79,000 Deferred Federal - - State - - Foreign (381,744 ) 548,850 Total tax expense $ (589,453 ) $ 627,850 The deferred income tax assets (liabilities) were comprised of the following for the periods indicated: Fiscal Years Ended September 30, 2024 2023 Net loss carryforwards $ 31,667,146 $ 33,396,062 Accruals and reserves 134,414 (44,816 ) Severance indemnity reserve 114,837 98,735 Contributions 3,911 3,911 Depreciation and amortization (494,657 ) (378,920 ) Stock-based compensation - 93,031 Interest expense carryforward 708,230 397,566 Valuation allowance (31,925,292 ) (33,661,256 ) Total $ 208,589 $ (95,687 ) Reconciliations between the benefit for income taxes at the federal statutory income tax rate and the Company's benefit for income taxes for the years ended September 30, 2024 and 2023 are as follows: Fiscal Years Ended September 30, 2024 2023 Federal income tax benefit at statutory rate $ (5,004 ) $ (169,121 ) State income tax benefit, net of federal income tax effect (941 ) (31,811 ) Effect of foreign income taxes (383,254 ) 548,851 Return to provision (18,566 ) (33,604 ) Withholding taxes (207,709 ) 79,000 Deferred only adjustment 1,746,831 1,740,896 Gain/(Loss) on deductible expenses 15,154 14,493 Change in valuation allowance (1,735,964 ) (1,520,854 ) Provision for income taxes $ (589,453 ) $ 627,850 The Company’s open tax years for federal and state income tax returns are for the tax years ended September 30, 2019 through September 30, 2024. The Company was examined by the Internal Revenue Service for fiscal years ended September 30, 2018 and September 30, 2017. The examinations were closed as of November 29, 2021, with no additional tax assessment.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(12) Commitments and Contingencies Legal Matters 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, in the aggregate, had a material adverse effect on our business, financial condition, results of operations or liquidity. Other than as set forth below, there are no additional pending or threatened legal proceedings at this time. SecureAlert, Inc. v. Federal Government of Mexico (Department of the Interior). Commonwealth of Puerto Rico, through its Trustees v. International Surveillance Services Corporation. ISS Track Group Chile SpA. v. Republic of Chile Track Chile Customer Performance Bond Expiration Date On June 27, 2024 (the “ Effective Date Agreement Parties In connection with the Agreement, Track Chile paid 950,600,000 CLP ($1,003,543 USD) (“Settlement Payment”) to Customer in full satisfaction of the Dispute, and in consideration, Customer returned to Track Chile its performance bond (See Note 23) in the amount of 1,328,279,704 CLP (approximately $1,397,762 USD based on the exchange rate as of the Effective Date). The Company has recorded the Settlement Payment in operating expense on the Condensed Consolidated Statements of Operations. Notwithstanding the judicial action, Track Chile executed new agreements with the Customer in February 2024. Kevin Barnes v. Track Group, Inc., et. al. Leases 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 serial number unique and a single device may be used by multiple customers over its useful life. If a leased device is returned for repair, it will likely be replaced with a different device from a different customer or possibly a new device. The Company’s tracking devices are considered operating leases under ASC 842 as transfer of control of the asset does not occur at the end of the lease, a single device is not specific to a customer and devices may be used by multiple customers throughout their life cycle. Due to the movement of devices from customer to customer, relatively few long-term contracts, the measurement of the equipment life and the present value of the equipment’s fair values would not be a measurement to qualify the devices as sales-type leases. Operating lease and monitoring revenue associated with the Company’s monitoring equipment as of September 30, 2024 and 2023, respectively, are shown in the table below: 2024 2023 Monitoring equipment operating revenue $ 31,319,769 $ 28,106,916 The Company cannot accurately estimate 5-years of future minimum lease receipts for its devices leased to customers because none of its customers make any contractual commitment regarding the number of active devices utilized in any given year and those quantities of active devices vary significantly for every customer each and every day. 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. The amounts as of September 30, 2024 and 2023 exclude operating lease right of use assets and lease liabilities, which were nominal amounts, that were classified as held for sale on the Condensed Consolidated Balance Sheet. See Note 14 for additional information. September 30, 2024 September 30, 2023 Operating lease asset Operating lease liability Operating lease asset Operating lease liability Other assets $ 314,767 $ 403,205 $ - Accrued liabilities 128,360 - 143,846 Long-term liabilities 186,407 - 259,359 The following table summarizes the supplemental cash flow information for the year ended September 30, 2024 and 2023: September 30, 2024 September 30, 2023 Cash paid for noncancelable operating leases included in operating cash flows $ 278,553 $ 284,897 Right of use assets obtained in exchange for operating lease liabilities: $ 61,941 $ 5,459 The future minimum lease payments under noncancelable operating leases with terms greater than one year as of September 30, 2024 are: Operating From October 2024 to September 2025 $ 138,301 From October 2025 to September 2026 97,577 From October 2026 to September 2027 90,899 From October 2027 to September 2028 4,077 From October 2028 to September 2029 1,377 Thereafter - Undiscounted Cash Flow 332,221 Less: imputed interest (17,454 ) Total $ 314,767 Reconciliation to lease liabilities: Lease liabilities - current $ 128,360 Lease liabilities - long-term 186,407 Total Lease Liabilities $ 314,767 The weighted-average remaining lease term and discount rate related to the Company’s lease liabilities as of September 30, 2024 were 2.67 years and 4%, respectively. The Company’s lease discount rates are generally based on the estimates of its incremental borrowing rate as the discount rates implicit in the Company’s leases cannot be readily determined. Lease assets are recorded as other assets on the Consolidated Balance Sheet. Lease liabilities are recorded as accrued liabilities and long-term liabilities on the Consolidated Balance Sheet. Performance Bonds Prior to September 30, 2024, the Company had one Performance Bond posted with the Customer totaling approximately $1,654,134, of which $1,157,867 was held in an interest-bearing account on behalf of the bank and was previously recorded in other current assets on the Company’s Consolidated Balance Sheets. As disclosed above in Track Group Chile SpA. v. Republic of Chile however The Company has recorded the Settlement Payment in operating expense on the Condensed Consolidated Statements of Operations. The Company paid 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. The Company recorded interest expenses of $34,792 and $54,676 for the years ended September 30, 2024 and September 30, 2023, respectively.

Note 13 - Intangible Assets

Note 13 - Intangible Assets	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	(13) Intangible Assets The following table summarizes the activity of intangible assets for the years ended September 30, 2024 and 2023, respectively: September 30, 2024 September 30, 2023 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patent & royalty agreements $ 21,120,565 $ (15,426,897 ) $ 5,693,668 $ 21,120,565 $ (14,358,431 ) $ 6,762,134 Developed technology 12,399,380 (4,133,477 ) 8,265,903 10,328,125 (2,933,499 ) 7,394,626 Trade name 139,592 (139,592 ) - 139,450 (138,916 ) 534 Total intangible assets $ 33,659,537 $ (19,699,966 ) $ 13,959,571 $ 31,588,140 $ (17,430,846 ) $ 14,157,294 The intangible assets summarized above were purchased or developed on various dates from July 2011 through September 30, 2024. The assets have useful lives ranging from three twenty Total amortization expense for the years ended September 30, 2024 and 2023 was $2,247,513 and $2,616,629, respectively. Included in the total amortization expense was $1,366,019 and $1,724,256 included in cost of revenue in the Consolidated Statements of Operations for the years ended September 30, 2024 and 2023, respectively, and $881,495 and $892,373 in amortization expense included in operating expense in the Consolidated Statements of Operations for the years ended September 30, 2024 and 2023, respectively. The following table summarizes the future maturities of amortization of intangible assets as of September 30, 2024: Fiscal Year Amortization 2025 2,422,431 2026 2,795,334 2027 2,830,641 2028 2,534,145 2029 1,644,656 Thereafter 1,732,364 Total $ 13,959,571 Goodwill Goodwill, as of September 30, consisted of the following: September 30, 2024 2023 Balance - beginning of year $ 7,851,466 $ 8,061,002 Effect of foreign currency translation on goodwill 89,724 (209,536 ) Balance - end of year $ 7,941,190 $ 7,851,466

Note 14 - Assets and Liabilitie

Note 14 - Assets and Liabilities Held for Sale	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(14) Assets and Liabilities Held for Sale As of September 30, 2024 the Company concluded that Track Group Chile met all of the criteria for classification as held for sale. As a result, the Company measured the assets and liabilities below as held for sale at its fair value, which was a selling price of $1.0 million and accordingly recorded an impairment of $757,130. The following table summarizes the assets and liabilities held for sale for the year ended September 30, 2024: September 30, 2024 Assets Cash $ 1,007,410 Accounts receivable, net 321,372 Prepaid expenses 88,358 Property and equipment, net 10,614 Other assets 246,397 Monitoring equipment, net 52,460 Impairment of carrying value (757,130 ) Total assets held for sale 969,481 Liabilities Accounts payable 37,142 Accrued expenses 636,640 Current portion of long-term debt 58,246 Total liabilities held for sale $ 732,028

Note 15 - Subsequent Events

Note 15 - Subsequent Events	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	(15) Subsequent Events In accordance with the Subsequent Events Topic of the FASB ASC 855, we have evaluated subsequent events for their potential impact on the consolidated financial statements and disclosures through the filing date and determined that, except as set forth below, no subsequent events occurred that are reasonably likely to have an impact on the financial statements presented herein. On November 1, 2024, Track Group, Inc. (the “ Company ISA Agreement Track Group Chile Shares

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of Track Group, Inc. and its active wholly-owned subsidiaries, Track Group Analytics Limited, Track Group Americas, Inc., Track Group International LTD., and Track Group - Chile SpA. All significant inter-company transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expense during the period presented. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Significant estimates made in the accompanying consolidated financial statements include, but are not limited to, allowances for doubtful accounts and certain assumptions related to the recoverability of intangible assets and Goodwill.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The Chilean Peso, New Israeli Shekel and the Canadian Dollar are used as functional currencies of the operating subsidiaries: (i) Track Group Chile SpA; (ii) Track Group International Ltd.; and (iii) Track Group Analytics Limited, respectively. The balance sheets of all subsidiaries have been converted into United States Dollars (“ USD
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Other Intangible Assets Other intangible assets principally consist of patents, royalty purchase agreements, developed technology acquired, trade name, and capitalized software development costs. The Company accounts for other intangible assets in accordance with generally accepted accounting principles and does not amortize intangible assets with indefinite lives. Intangible assets with finite useful lives are amortized over their respective estimated useful lives, which range from three twenty
Fair Value Measurement, Policy [Policy Text Block]	Fair Value of Financial Instruments The carrying amounts reported in the accompanying consolidated financial statements for accounts receivable, other assets, accounts payable, accrued liabilities and debt obligations approximate fair values because of the immediate or short-term maturities of these financial instruments. The carrying amounts of our debt obligations approximate fair value as the interest rates approximate market interest rates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Revenue & Credit Risk In the normal course of business, the Company provides credit terms to its customers and requires no collateral. Accordingly, the Company performs credit evaluations of our customers' financial condition. The Company had sales to entities, two 2024 % 2023 % Customer A $ 5,746,451 16 % $ 6,730,687 20 % Customer B 3,757,504 10 % 3,804,951 11 % No other customer represented more than 10% of the Company’s total revenue for the fiscal years ended September 30, 2024 or 2023. On November 1, 2024 we sold our Chile subsidiary, which includes Customer A. Concentration of credit risk associated with the Company’s total and outstanding accounts receivable as of September 30, 2024 and 2023, respectively, are shown in the table below: 2024 % 2023 % Customer A $ 495,969 11 % $ 490,848 11 % Customer C 489,618 11 % 630,494 14 % Customer D 475,012 11 % 465,320 10 %
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Held for Sale Cash and cash held for sale consisted of the following: 2024 2023 Cash $ 3,574,215 $ 4,057,195 Cash held for sale 1,007,410 - Total cash and cash held for sale $ 4,581,625 $ 4,057,195 The Company has cash in bank accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company had $4,319,894 and $3,715,850 of cash deposits in excess of federally insured limits as of September 30, 2024 and 2023, respectively.
Receivable [Policy Text Block]	Accounts Receivable Accounts receivable, which is made up of trade receivables for monitoring and other related services, are carried at original invoice amount less allowances for credits and for any potential uncollectible amounts due to credit losses. We make estimates of the expected credit and collectability trends for the allowance for credit losses based on our assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of our customers, current economic conditions, and other factors that may affect our ability to collect from our customers. Trade receivables are written off when deemed uncollectible. Recoveries of trade receivables previously written off are recorded when cash is received. A trade receivable is considered to be past due if any portion of the receivable balance has not been received by the Company within its normal terms. Interest income is not recorded on trade receivables that are past due, unless that interest is collected. For the fiscal years ended September 30, 2024 and September 30 2023, the Company wrote-off accounts receivables of $111,324 and $154,978, respectively which are recorded as general and administrative expense on our Condensed Consolidated Statements of Operations. The Company also maintains an allowance for credit memos for estimated credit memos to be issued against current sales. Estimates of allowance for credit memos are based upon the application of a historical issuance lag period to the average credit memos issued each month. For the fiscal years ended September 30, 2024 and September 30 2023, the reserve for credit memos was $70,000 and $23,065, respectively.
Prepaid Expense and Other, Policy [Policy Text Block]	Prepaid Expense and Other Prepaid assets and other is comprised largely of tax deposits, vendor deposits and other prepaid supplier expenses. We generally expect deposits to be returned to the Company as cash within 12 months after the Company’s contractual obligation has been completed and prepaid expenses to be allocated over the commitment.
Inventory, Policy [Policy Text Block]	Inventory Inventory is valued at the lower of the cost or net realizable value. Cost is determined using the first-in/first-out method. Net realizable value is determined based on the item selling price. Inventory is periodically reviewed in order to identify obsolete or damaged items or impaired values. Inventory consists of parts used for minor repairs of ReliAlert™, and other tracking devices. Inventory also consists of completed circuit boards and the components used to manufacture circuit boards. Completed and shipped ReliAlert™ and other tracking devices are reflected in Monitoring Equipment. As of September 30, 2024 and 2023, inventory consisted of the following: 2024 2023 Monitoring equipment component boards inventory $ 665,329 $ 1,289,966 Reserve for damaged or obsolete inventory (82,848 ) (3,772 ) Total inventory, net of reserves $ 582,481 $ 1,286,194 The Company uses a third-party fulfillment service provider. As a result of this service, the Company’s employees do not actively assemble new products or repair a significant amount of monitoring equipment shipped directly from suppliers. Purchases of monitoring equipment are recognized directly. Management believes this process reduces maintenance and fulfillment costs associated with inventory and monitoring equipment. Management reviews inventory regularly to identify damaged or obsolete inventory and reserves for potential losses. The Company recorded charges of $82,848 and $3,772 during the years ended September 30, 2024 and 2023, respectively, for inventory that was obsolete, lost or damaged. Obsolete, lost and damaged items are expensed in Monitoring, products & other related services in the Consolidated Statement of Operations.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Depreciation is determined using the straight-line method over the estimated useful lives of the assets, typically three seven Property and equipment consisted of the following as of September 30, 2024 and 2023, respectively: 2024 2023 Equipment, software and tooling $ 114,088 $ 1,427,522 Automobiles - 4,460 Leasehold improvements 237,722 382,122 Furniture and fixtures 120,364 222,554 Other fixed assets 275,035 - Total property and equipment before accumulated depreciation 747,209 2,036,658 Accumulated depreciation (430,003 ) (1,920,850 ) Property and equipment, net of accumulated depreciation $ 317,206 $ 115,808 Property and equipment in the table above as of September 30, 2024 exclude amounts classified as held for sale of $10,614, which are recorded as assets held for sale on the Consolidated Balance Sheet. See Note 14 for additional information. Property and equipment to be disposed of is reported at the lower of the carrying amount or fair value, less the estimated costs to sell and any gains or losses are included in the results of operations. During the fiscal years ended September 30, 2024 and September 30, 2023, the Company disposed of $1,461,526 and $8,669 of fixed assets, respectively. The fixed assets disposed of in Fiscal 2024 were mostly fully depreciated assets that were obsolete. Internally developed software costs related to the Company’s monitoring platform are recorded as intangible assets on the Consolidated Balance Sheet. Depreciation expense recognized for property and equipment for the fiscal years ended September 30, 2024 and 2023 was $62,620 and $95,099, respectively. Depreciation expense for property and equipment is recognized in operating expense in the Consolidated Statements of Operations.
Loans and Leases Receivable, Lease Financing, Policy [Policy Text Block]	Monitoring Equipment The Company leases monitoring equipment to agencies for offender tracking under contractual service agreements. The monitoring equipment is depreciated using the straight-line method over an estimated useful life of between one three 2024 2023 Monitoring equipment $ 10,581,836 $ 11,535,787 Less: accumulated depreciation (5,982,972 ) (6,348,695 ) Monitoring equipment, net of accumulated depreciation $ 4,598,864 $ 5,187,092 Depreciation expense for the fiscal years ended September 30, 2024 and 2023 was $1,695,501 and $1,539,234, respectively. This expense was classified as a cost of revenue in the Consolidated Statements of Operations. During the fiscal years ended September 30, 2024 and 2023, the Company recorded charges of $332,702 and $305,300, respectively, for devices that were lost, stolen or damaged. Lost, stolen and damaged items are expensed in Monitoring, products and other related services in the Consolidated Statements of Operations.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets and Goodwill The Company reviews long-lived assets for impairment when events or changes in circumstances indicate that the book value of an asset may not be recoverable, and in the case of goodwill, at least annually. The Company evaluates whether events and circumstances have occurred which indicate possible impairment as of each balance sheet date. If the carrying amount of an asset exceeds its fair value, an impairment charge is recognized for the amount by which the carrying amount exceeds the estimated fair value of the asset. Impairment of long-lived assets is assessed at the lowest levels for which there is an identifiable fair value that is independent of other groups of assets. See Note 13.
Assets and Liabilities Held-for-Sale [Policy Text Block]	Assets and Liabilities Held for Sale Assets and liabilities to be disposed of by sale are reclassified into Assets held for sale Liabilities held for sale • Management, having the authority to approve the action, commits to a plan to sell the asset (disposal group). • The asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets (disposal groups). • An active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated. • The sale of the asset (disposal group) is probable, and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale, within one year. • The asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value. • Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The determination as to whether the sale of the disposal group is probable may include significant judgments from management related to the estimated timing of the closing of a future sales transaction. For information regarding significant judgments related to fair value estimates of the disposal group held for sale, refer to the Impairment Critical Accounting Estimates Assets held for sale are measured at the lower of their carrying amount or fair value less cost to sell and are not depreciated or amortized. See Note 14 of our Financial Statements for impairments of our assets held for sale. As of September 30, 2024, the Company concluded that Track Group Chile met all of the criteria listed above for classification as held for sale. On November 1, 2024, the Company completed the sale.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition Our revenue is predominantly derived from two sources: (i) monitoring services, and (ii) product sales. Monitoring and Other Related Services Monitoring services include two components: (i) lease contracts pursuant to which the Company provides monitoring services and leased devices to distributors or end users and the Company retains ownership of the leased device; and (ii) monitoring services purchased by distributors or end users who have previously purchased monitoring devices and opt to use the Company’s monitoring services. The rates for leased devices and monitoring services are considered to be stated at their individual stand-alone selling prices. The Company recognizes revenue on leased devices and monitoring services at the end of each month the services have been provided and payment terms are 30 days from invoice date. In those circumstances in which the Company receives payment in advance, the Company records these payments as deferred revenue. Product Sales and Other The Company sells devices and replacement parts to customers under certain contracts, as well as law enforcement software licenses and maintenance, and analytical software. Revenue transactions associated with the sale of devices and replacement parts comprise a single performance obligation. We satisfy the performance obligation when the Company has transferred control of the product to the customer and they receive substantially all of the benefits. Transfer of control passes to customers upon shipment or upon receipt depending on the country of the sale and the agreement with the customer. The transaction price is determined based upon the invoiced sales price and payment terms for the transaction depends on the agreement with the customer and payment is generally required within 60 days or less of shipment. The Company recognizes revenue from other services as the customer receives services and the Company has the right to payment. When purchasing products (such as ReliAlert™ devices) from the Company, customers may, but are not required to, enter into monitoring service contracts with us. The Company recognizes revenue on monitoring services for customers that have previously purchased devices at the end of each month that monitoring services have been provided. Multiple Element Arrangements The majority of our revenue transactions do not have multiple elements. However, on occasion, the Company may enter into revenue transactions that have multiple elements. These may include different combinations of products or services that are included in a single billable rate. These products or services are delivered over time as the customer utilizes our services. In cases where obligations in a contract are distinct and thus require separation into multiple performance obligations, revenue recognition guidance requires that contract consideration be allocated to each distinct performance obligation based on its relative standalone selling price. The value allocated to each performance obligation is then recognized as revenue when the revenue recognition criteria for each distinct promise or bundle of promises has been met. There were no multiple element arrangements for the years ended September 30, 2024 and 2023. Other Matters The Company considers an arrangement with payment terms longer than the Company’s normal terms not to be fixed or determinable. Normal payment terms for the sale of monitoring services and products are due upon receipt to 30 days. The Company sells devices and services directly to end users and to distributors. Distributors do not have general rights of return. Also, distributors have no price protection or stock protection rights with respect to devices sold to them by us. Generally, title and risk of loss pass to the buyer upon delivery of the devices. Shipping and handling fees charged to customers are included as part of total revenue. The related freight costs and supplies directly associated with shipping products to customers are included as a component of cost of revenue.
Research and Development Expense, Policy [Policy Text Block]	Research and Development Costs The Company expenses research and development costs as incurred. During the fiscal year ended September 30, 2024 and September 30, 2023, the Company incurred research and development expense of $2,749,218 and $2,735,060, respectively.
Advertising Cost [Policy Text Block]	Advertising Costs The Company expenses advertising costs as incurred. Advertising expense for the fiscal years ended September 30, 2024 and 2023 was $14,925 and $13,707, respectively.
Compensation Related Costs, Policy [Policy Text Block]	Stock-Based Compensation The Company recognizes compensation expense for stock-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The fair value of stock options is estimated using a Black-Scholes option pricing model, which requires management to make estimates for certain assumptions regarding risk-free interest rate, expected life of options, expected volatility of stock and expected dividend yield of stock. Outstanding restricted stock units are amortized over the vesting period. We recorded $3,431 and $159,522 of expense related to these awards for fiscal years ended September 30, 2024 and 2023, respectively.
Income Tax, Policy [Policy Text Block]	Income Taxes 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. The tax effects from uncertain tax positions can be recognized in the financial statements, provided the position is more likely than not to be sustained on audit, based on the technical merits of the position. We recognize the financial statement benefits of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized, upon ultimate settlement with the relevant tax authority. The Company applied the foregoing accounting standard to all of our tax positions for which the statute of limitations remained open as of the date of the accompanying consolidated financial statements. The Company's policy is to recognize interest and penalties related to income tax issues as components of other noninterest expense. As of September 30, 2024 and September 30, 2023, we did not
Earnings Per Share, Policy [Policy Text Block]	Net Income (Loss) Per Common Share Basic net income (loss) per common share (“ Basic EPS Diluted net income (loss) per common share (“ Diluted EPS Common share equivalents consist of shares issuable upon the exercise of options and warrants to purchase shares of the Company’s Common Stock, par value $0.0001 per share (“ Common Stock no At September 30, 2023, all stock options and warrants had exercise prices that were above the market price of $0.49 and have been excluded from the diluted earnings per share calculations. There were no The common stock equivalents outstanding as of June 30, 2024 and 2023 consisted of the following: 2024 2023 Issuable Common Stock options and warrants - 4,688 Total Common Stock equivalents - 4,688
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Standards New Accounting Standards or Updates Adopted in Fiscal 2024 In July 2023, the FASB issued ASU 2023-03, Presentation of Financial Statements (Topic 205), Income Statement Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic , and Compensation Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280 General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. In January 2017, the FASB issued ASU 2017-04, Intangibles Goodwill and Other: Simplifying the Test for Goodwill Impairment In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments CECL Recent Accounting Standards or Updates Not Yet Effective In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendment in Response to the SEC s Disclosure Update and Simplification Initiative In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures No other new accounting pronouncements issued or effective as of September 30, 2024 have had or are expected to have a material impact on our consolidated financial statements.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	2024 % 2023 % Customer A $ 5,746,451 16 % $ 6,730,687 20 % Customer B 3,757,504 10 % 3,804,951 11 % 2024 % 2023 % Customer A $ 495,969 11 % $ 490,848 11 % Customer C 489,618 11 % 630,494 14 % Customer D 475,012 11 % 465,320 10 %
Schedule of Cash and Cash Equivalents [Table Text Block]	2024 2023 Cash $ 3,574,215 $ 4,057,195 Cash held for sale 1,007,410 - Total cash and cash held for sale $ 4,581,625 $ 4,057,195
Schedule of Inventory, Current [Table Text Block]	2024 2023 Monitoring equipment component boards inventory $ 665,329 $ 1,289,966 Reserve for damaged or obsolete inventory (82,848 ) (3,772 ) Total inventory, net of reserves $ 582,481 $ 1,286,194
Property, Plant and Equipment [Table Text Block]	2024 2023 Equipment, software and tooling $ 114,088 $ 1,427,522 Automobiles - 4,460 Leasehold improvements 237,722 382,122 Furniture and fixtures 120,364 222,554 Other fixed assets 275,035 - Total property and equipment before accumulated depreciation 747,209 2,036,658 Accumulated depreciation (430,003 ) (1,920,850 ) Property and equipment, net of accumulated depreciation $ 317,206 $ 115,808
Schedule of Monitoring Property and Equipment [Table Text Block]	2024 2023 Monitoring equipment $ 10,581,836 $ 11,535,787 Less: accumulated depreciation (5,982,972 ) (6,348,695 ) Monitoring equipment, net of accumulated depreciation $ 4,598,864 $ 5,187,092
Common Stock Equivalents [Table Text Block]	2024 2023 Issuable Common Stock options and warrants - 4,688 Total Common Stock equivalents - 4,688

Note 3 - Revenue Recognition (T

Note 3 - Revenue Recognition (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Disaggregated Revenue by Geography [Table Text Block]	Year Ended September 30, 2024 Year Ended September 30, 2023 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 25,984,679 70 % $ 24,295,601 71 % Latin America 9,877,373 27 % 9,370,160 27 % Other 1,024,448 3 % 810,104 2 % Total $ 36,886,500 100 % $ 34,475,865 100 %
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Year Ended September 30, 2024 Balance - beginning of period $ 178,095 Increase to provision for credit losses 322,940 Write offs charged against allowance (111,324 ) Recoveries of credit losses previously written off 43,193 Balance - end of period $ 432,904

Note 4 - Other Assets (Tables)

Note 4 - Other Assets (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Other Assets [Table Text Block]	September 30, 2024 September 30, 2023 Monitoring center equipment $ 1,638,411 $ 1,619,278 Less: accumulated amortization (1,638,411 ) (1,088,825 ) Monitoring center equipment, net of accumulated amortization $ - $ 530,453

Note 5 - Accrued Liabilities (T

Note 5 - Accrued Liabilities (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, 2024 September 30, 2023 Accrued payroll, taxes and employee benefits $ 1,243,926 $ 1,116,036 Deferred revenue - 431 Accrued taxes - foreign and domestic 169,951 260,697 Accrued other expense 110,118 108,476 Accrued legal and other professional costs 61,779 80,210 Accrued costs of revenue 214,727 410,726 Right of use liability 128,360 143,846 Deferred financing fees 162,750 - Accrued interest 547,707 451,417 Total accrued liabilities $ 2,639,318 $ 2,571,839

Note 7 - Debt Obligations (Tabl

Note 7 - Debt Obligations (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	September 30, 2024 September 30, 2023 The unsecured loan (the “ Amended Facility Agreement Conrent $ 42,639,197 $ 42,743,599 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.56% per annum, with a maturity date of February 6, 2024. This note was paid in full upon maturity. - 11,435 The unsecured Note Payable Agreement with Banco Santander, net of unamortized issuance costs $0, bearing interest at a rate of 5.04% per annum, with a maturity date of May 11, 2024. This note was paid in full upon maturity. - 77,670 The unsecured Note Payable Agreement with Banco Estado, net of unamortized issuance costs of $0, bearing interest at a rate of 3.50% per annum, with a maturity date of January 2, 2024. This note was paid in full upon maturity. - 36,773 The unsecured Note Payable Agreement with HP Financial Services Chile Limitada bearing interest at a rate of 6.61% per annum, with a maturity date of March 4, 2024. This note was paid in full upon maturity. - 29,118 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $0, bearing interest at a rate of 2.54% per annum, with a maturity date of March 4, 2024. This note was paid in full upon maturity. - 18,440 The unsecured Note Payable Agreement with Banco de Chile, net of unamortized issuance costs of $3,216, bearing interest at a rate of 3.12% per annum, with a maturity date of February 17, 2025. This loan is included in liabilities held for sale on the Consolidated Balance Sheet. - 192,547 Total debt obligations 42,639,197 43,109,582 Less: current portion - (308,417 ) Long-term debt, less current portion $ 42,639,197 $ 42,801,165
Schedule of Maturities of Long-Term Debt [Table Text Block]	Twelve months ended September 30: Total 2025 - 2026 - 2027 42,864,000 Total 42,864,000 Issuance costs (224,803 ) Debt obligations, net of unamortized issuance costs $ 42,639,197

Note 10 - Stock Options and W_2

Note 10 - Stock Options and Warrants (Tables)	12 Months Ended
	Sep. 30, 2024
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 $ - Granted - - - - Expired (156,193 ) (1.24 ) - - Exercised - - - - Outstanding as of September 30, 2023 4,688 $ 1.24 0.25 $ - Granted - - - - Expired (4,688 ) (1.24 ) - - Exercised - - - - Outstanding as of September 30, 2024 - $ - $ - Exercisable as of September 30, 2024 - $ - - $ -

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Fiscal Years Ended September 30, 2024 2023 Current Federal $ (207,709 ) $ 79,000 State - - Foreign - - Total current (207,709 ) 79,000 Deferred Federal - - State - - Foreign (381,744 ) 548,850 Total tax expense $ (589,453 ) $ 627,850
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Fiscal Years Ended September 30, 2024 2023 Net loss carryforwards $ 31,667,146 $ 33,396,062 Accruals and reserves 134,414 (44,816 ) Severance indemnity reserve 114,837 98,735 Contributions 3,911 3,911 Depreciation and amortization (494,657 ) (378,920 ) Stock-based compensation - 93,031 Interest expense carryforward 708,230 397,566 Valuation allowance (31,925,292 ) (33,661,256 ) Total $ 208,589 $ (95,687 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Fiscal Years Ended September 30, 2024 2023 Federal income tax benefit at statutory rate $ (5,004 ) $ (169,121 ) State income tax benefit, net of federal income tax effect (941 ) (31,811 ) Effect of foreign income taxes (383,254 ) 548,851 Return to provision (18,566 ) (33,604 ) Withholding taxes (207,709 ) 79,000 Deferred only adjustment 1,746,831 1,740,896 Gain/(Loss) on deductible expenses 15,154 14,493 Change in valuation allowance (1,735,964 ) (1,520,854 ) Provision for income taxes $ (589,453 ) $ 627,850

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Operating Lease, Lease Income [Table Text Block]	2024 2023 Monitoring equipment operating revenue $ 31,319,769 $ 28,106,916
Lessee, Operating Lease, Balance Sheet Information [Table Text Block]	September 30, 2024 September 30, 2023 Operating lease asset Operating lease liability Operating lease asset Operating lease liability Other assets $ 314,767 $ 403,205 $ - Accrued liabilities 128,360 - 143,846 Long-term liabilities 186,407 - 259,359
Lease, Cost [Table Text Block]	September 30, 2024 September 30, 2023 Cash paid for noncancelable operating leases included in operating cash flows $ 278,553 $ 284,897 Right of use assets obtained in exchange for operating lease liabilities: $ 61,941 $ 5,459
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Operating From October 2024 to September 2025 $ 138,301 From October 2025 to September 2026 97,577 From October 2026 to September 2027 90,899 From October 2027 to September 2028 4,077 From October 2028 to September 2029 1,377 Thereafter - Undiscounted Cash Flow 332,221 Less: imputed interest (17,454 ) Total $ 314,767 Reconciliation to lease liabilities: Lease liabilities - current $ 128,360 Lease liabilities - long-term 186,407 Total Lease Liabilities $ 314,767

Note 13 - Intangible Assets (Ta

Note 13 - Intangible Assets (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	September 30, 2024 September 30, 2023 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patent & royalty agreements $ 21,120,565 $ (15,426,897 ) $ 5,693,668 $ 21,120,565 $ (14,358,431 ) $ 6,762,134 Developed technology 12,399,380 (4,133,477 ) 8,265,903 10,328,125 (2,933,499 ) 7,394,626 Trade name 139,592 (139,592 ) - 139,450 (138,916 ) 534 Total intangible assets $ 33,659,537 $ (19,699,966 ) $ 13,959,571 $ 31,588,140 $ (17,430,846 ) $ 14,157,294
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year Amortization 2025 2,422,431 2026 2,795,334 2027 2,830,641 2028 2,534,145 2029 1,644,656 Thereafter 1,732,364 Total $ 13,959,571
Schedule of Goodwill [Table Text Block]	September 30, 2024 2023 Balance - beginning of year $ 7,851,466 $ 8,061,002 Effect of foreign currency translation on goodwill 89,724 (209,536 ) Balance - end of year $ 7,941,190 $ 7,851,466

Note 14 - Assets and Liabilit_2

Note 14 - Assets and Liabilities Held for Sale (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	September 30, 2024 Assets Cash $ 1,007,410 Accounts receivable, net 321,372 Prepaid expenses 88,358 Property and equipment, net 10,614 Other assets 246,397 Monitoring equipment, net 52,460 Impairment of carrying value (757,130 ) Total assets held for sale 969,481 Liabilities Accounts payable 37,142 Accrued expenses 636,640 Current portion of long-term debt 58,246 Total liabilities held for sale $ 732,028

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Operations (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Apr. 27, 2023
Retained Earnings (Accumulated Deficit), Total	$ (312,691,811)	$ (309,610,397)
Net Income (Loss) Attributable to Parent, Total	(3,081,414)	(3,391,508)
Long-Term Debt	42,639,197	$ 43,109,582
Debt Maturing in July 2024 [Member]
Long-Term Debt			$ 42,900,000
Notes Payable Related to Construction of Monitoring Centers [Member]
Long-Term Debt	$ 58,246

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) shares
Cash, Uninsured Amount	$ 4,319,894	$ 3,715,850
Accounts Receivable, Allowance for Credit Loss, Writeoff	111,324	154,978
Allowance for Credit Memos	70,000	23,065	$ 0
Inventory Write-down	82,848	3,772
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment	10,614
Property, Plant and Equipment, Disposals	1,461,526	8,669
Depreciation, Nonproduction	62,620	95,099
Depreciation, Lessor Asset under Operating Lease	1,695,501	1,539,234
Disposal of Lease Monitoring Equipment	332,702	305,300
Research and Development Expense	2,749,218	2,735,060
Advertising Expense	14,925	13,707
Unrecognized Tax Benefits	$ 0	$ 0
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001	$ 0.0001
Common Stock Equivalents Outstanding (in shares) | shares	0	4,688
Share Price (in dollars per share) | $ / shares		$ 0.49
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | shares	0	4,688	160,881
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense	$ 3,431	$ 159,522
Stock Options and Warrants [Member]
Share-Based Payment Arrangement, Expense	$ 0	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | shares	0	4,688
Customer Concentration Risk [Member] | Revenue from Contract with Customer Benchmark [Member]
Number of Major Customers	2	2
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years
Property, Plant and Equipment, Useful Life (Year) (Year)	3 years
Equipment Leased Under Contractual Service Agreements, Useful Life (Year)	1 year
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years
Property, Plant and Equipment, Useful Life (Year) (Year)	7 years
Equipment Leased Under Contractual Service Agreements, Useful Life (Year)	3 years

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Customer Concentration Risk (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenues	$ 36,886,500	$ 34,475,865
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Revenues	$ 5,746,451	$ 6,730,687
Customer concentration risk percentage	16%	20%
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Revenues	$ 3,757,504	$ 3,804,951
Customer concentration risk percentage	10%	11%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Customer accounts receivable amount	$ 495,969	$ 490,848
Customer concentration risk percentage	11%	11%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Customer accounts receivable amount	$ 489,618	$ 630,494
Customer concentration risk percentage	11%	14%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Customer accounts receivable amount	$ 475,012	$ 465,320
Customer concentration risk percentage	11%	10%

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies - Schedule of Cash (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Cash	$ 3,574,215	$ 4,057,195
Cash held for sale	1,007,410	0
Total cash and cash held for sale	$ 4,581,625	$ 4,057,195

Note 2 - Summary of Significa_6

Note 2 - Summary of Significant Accounting Policies - Summary of Inventory (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Monitoring equipment component boards inventory	$ 665,329	$ 1,289,966
Reserve for damaged or obsolete inventory	(82,848)	(3,772)
Total inventory, net of reserves	$ 582,481	$ 1,286,194

Note 2 - Summary of Significa_7

Note 2 - Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Equipment, software and tooling	$ 114,088	$ 1,427,522
Automobiles	0	4,460
Leasehold improvements	237,722	382,122
Furniture and fixtures	120,364	222,554
Other fixed assets	275,035	0
Property, Plant, and Equipment, Excluding Monitoring Equipment [Member]
Total property and equipment before accumulated depreciation	747,209	2,036,658
Accumulated depreciation	(430,003)	(1,920,850)
Property and equipment, net of accumulated depreciation	$ 317,206	$ 115,808

Note 2 - Summary of Significa_8

Note 2 - Summary of Significant Accounting Policies - Summary of Monitoring Equipment (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Monitoring equipment	$ 10,581,836	$ 11,535,787
Less: accumulated depreciation	(5,982,972)	(6,348,695)
Monitoring equipment, net of accumulated depreciation	$ 4,598,864	$ 5,187,092

Note 2 - Summary of Significa_9

Note 2 - Summary of Significant Accounting Policies - Common Stock Equivalents Excluded from EPS Calculation (Details) - shares	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Issuable Common Stock options and warrants (in shares)	0	4,688	160,881
Total Common Stock equivalents (in shares)	0	4,688
Stock Options and Warrants [Member]
Issuable Common Stock options and warrants (in shares)	0	4,688

Note 3 - Revenue Recognition (D

Note 3 - Revenue Recognition (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Accounts and Financing Receivable, after Allowance for Credit Loss, Total	$ 4,428,535	$ 4,536,916
Unbilled Receivables, Current		490,848
Accounts Receivable, Allowance for Credit Loss, Including Credit Memos, Current	362,904	155,030	$ 102,570
Accounts Receivable, Allowance for Credit Loss, Writeoff	111,324	154,978
Allowance for Credit Memos	70,000	23,065	0
Contract with Customer, Liability, Total	0	431	$ 3,299
Contract with Customer, Liability, Deferred Revenue Recognized	$ 301,249	$ 12,928
Monitoring and Other Related Services [Member]
Revenue From Contract With Customer, Percent	97%	97%

Note 3 - Revenue Recognition -

Note 3 - Revenue Recognition - Revenue Disaggregated by Geography (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Customer revenue amount	$ 36,886,500	$ 34,475,865
Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage	100%	100%
UNITED STATES
Customer revenue amount	$ 25,984,679	$ 24,295,601
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage	70%	71%
Latin America [Member]
Customer revenue amount	$ 9,877,373	$ 9,370,160
Latin America [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage	27%	27%
Other than United States and Latin America [Member]
Customer revenue amount	$ 1,024,448	$ 810,104
Other than United States and Latin America [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage	3%	2%

Note 3 - Revenue Recognition _2

Note 3 - Revenue Recognition - Schedule of Allowance for Credit Losses on Accounts Receivable (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Balance - beginning of period	$ 178,095
Increase to provision for credit losses	322,940
Write offs charged against allowance	(111,324)	$ (154,978)
Recoveries of credit losses previously written off	43,193
Balance - end of period	$ 432,904	$ 178,095

Note 4 - Other Assets (Details

Note 4 - Other Assets (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Other Assets, Total	$ 660,170	$ 2,442,154
Disposal Group, Including Discontinued Operation, Other Assets	246,397
Capitalized Contract Cost, Santiago Monitoring Center [Member]
Capitalized Contract Cost, Amortization	$ 519,341	$ 572,135

Note 4 - Other Assets - Monitor

Note 4 - Other Assets - Monitoring Center Equipment (Details) - Monitoring Center Equipment [Member] - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Monitoring center equipment	$ 1,638,411	$ 1,619,278
Less: accumulated amortization	1,638,411	1,088,825
Property, plant and equipment, net of accumulated depreciation	$ 0	$ 530,453

Note 5 - Accrued Liabilities (D

Note 5 - Accrued Liabilities (Details Textual)	Sep. 30, 2024 USD ($)
Disposal Group, Including Discontinued Operation, Accrued Liabilities	$ 636,640

Note 5 - Accrued Liabilities -

Note 5 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Accrued payroll, taxes and employee benefits	$ 1,243,926	$ 1,116,036
Deferred revenue	0	431
Accrued taxes - foreign and domestic	169,951	260,697
Accrued other expense	110,118	108,476
Accrued legal and other professional costs	61,779	80,210
Accrued costs of revenue	$ 214,727	$ 410,726
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities	Total accrued liabilities
Right of use liability	$ 128,360	$ 143,846
Deferred financing fees	162,750	0
Accrued interest	547,707	451,417
Total accrued liabilities	$ 2,639,318	$ 2,571,839

Note 6 - Related Parties (Detai

Note 6 - Related Parties (Details Textual)	Sep. 28, 2017 shares
Stock Issued During Period, Shares, Acquisitions (in shares)	4,706,579

Note 7 - Debt Obligations (Deta

Note 7 - Debt Obligations (Details Textual)													12 Months Ended
	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 ($)	Jan. 06, 2021 CLP ($)	Sep. 30, 2024 USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024	Sep. 30, 2023	Apr. 26, 2023	Feb. 15, 2021 CLP ($)	Feb. 02, 2021 CLP ($)	Jan. 12, 2021 CLP ($)	Dec. 21, 2020	Dec. 20, 2020
Principal Amount													$ 42,864,000
Repayments of Long-Term Debt	$ 678,214		$ 136,564		$ 205,330		$ 338,954		$ 482,965		$ 101,186
Other Expenses, Total			$ 286				2,734		3,897
Broker Fees Others	$ 38,317						$ 19,304		$ 27,275
Chilean Pesos [Member]
Repayments of Long-Term Debt		$ 500,000,000		$ 99,808,328		$ 149,794,432		$ 247,999,300		$ 347,198,500		$ 70,443,375
Other Expenses, Total				$ 210,485				$ 2,000,700		$ 2,801,500
Broker Fees Others																			$ 28,248,588	$ 14,124,294	$ 19,607,843
Agreement with Conrent [Member]
Debt Instrument, Interest Rate, Stated Percentage													4%				4%					4%	8%
Debt Instrument, Increase, Accrued Interest													$ 1,743,136
Amended Agreement with Conrent [Member]
Debt Instrument, Interest Rate, Stated Percentage																5%		4%
Amended Agreement with Conrent [Member] | Forecast [Member]
Debt Instrument, Interest Rate, Stated Percentage														6%	5.50%
Note Payable With HP Financial Services Maturing on Feb 6, 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage																	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%
Debt Instrument, Interest Rate, Effective Percentage									5.04%												5.04%
Note Payable With Banco Estado [Member]
Debt Instrument, Interest Rate, Stated Percentage													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%
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%
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 7 - Debt Obligations - Sum

Note 7 - Debt Obligations - Summary of Debt Obligations (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Total debt obligations	$ 42,639,197	$ 43,109,582
Less: current portion	0	(308,417)
Long-term debt, net of current portion	42,639,197	42,801,165
Agreement with Conrent [Member]
Total debt obligations	42,639,197	42,743,599
Note Payable With HP Financial Services Maturing on Feb 6, 2024 [Member]
Total debt obligations		11,435
Note Payable With Banco Santander [Member]
Total debt obligations		77,670
Note Payable With Banco Estado [Member]
Total debt obligations		36,773
Note Payable with HP Financial Services Maturing on March 4, 2024 [Member]
Total debt obligations		29,118
Note Payable with Banco De Chile Maturing on March 4, 2024 [Member]
Total debt obligations		18,440
Note Payable with Banco De Chile Maturing on Feb 17, 2025 [Member]
Total debt obligations	$ 0	$ 192,547

Note 7 - Debt Obligations - S_2

Note 7 - Debt Obligations - Summary of Debt Obligations (Details) (Parentheticals) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Apr. 26, 2023	Dec. 21, 2020	Dec. 20, 2020
Debt Issuance Costs, Net	$ 224,803
Cash paid for interest	1,813,569	$ 1,894,972
Agreement with Conrent [Member]
Debt Instrument, Face Amount	$ 42,864,000	$ 42,864,000
Debt Instrument, Interest Rate, Stated Percentage	4%	4%			4%	8%
Debt Instrument, Interest Rate, Stated Percentage	4%	4%			4%	8%
Amended Agreement with Conrent [Member]
Debt Instrument, Face Amount	$ 42,864,000
Debt Instrument, Interest Rate, Stated Percentage			5%	4%
Debt Issuance Costs, Net	224,803
Interest Payable	547,707
Cash paid for interest	$ 1,743,136
Debt Instrument, Interest Rate, Stated Percentage			5%	4%
Note Payable With HP Financial Services Maturing on Feb 6, 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.56%
Debt Instrument, Interest Rate, Stated Percentage		6.56%
Note Payable With Banco Santander [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.04%
Debt Issuance Costs, Net		$ 0
Debt Instrument, Interest Rate, Stated Percentage		5.04%
Note Payable With Banco Estado [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.50%
Debt Issuance Costs, Net	$ 0
Debt Instrument, Interest Rate, Stated Percentage	3.50%
Note Payable with HP Financial Services Maturing on March 4, 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.61%
Debt Instrument, Interest Rate, Stated Percentage		6.61%
Note Payable with Banco De Chile Maturing on March 4, 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage		2.54%
Debt Issuance Costs, Net		$ 0
Debt Instrument, Interest Rate, Stated Percentage		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 Issuance Costs, Net	$ 3,216	$ 3,216
Debt Instrument, Interest Rate, Stated Percentage	3.12%	3.12%

Note 7 - Debt Obligations - Fut

Note 7 - Debt Obligations - Future Maturities of Debt Obligations (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
2025	$ 0
2026	0
2027	42,864,000
Total	42,864,000
Issuance costs	(224,803)
Total debt obligations	$ 42,639,197	$ 43,109,582

Note 8 - Preferred Stock (Detai

Note 8 - Preferred Stock (Details Textual)	12 Months Ended
	Sep. 30, 2024 $ / shares shares	Sep. 30, 2023 $ / shares shares	Oct. 12, 2017 shares
Preferred Stock, Shares Authorized (in shares) | shares	20,000,000	20,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Series A Convertible Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares) | 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, Liquidation Preference 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 | shares	0

Note 9 - Common Stock (Details

Note 9 - Common Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Common Stock, Shares Authorized	30,000,000	30,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Proceeds from Issuance of Common Stock	$ 0	$ 0

Note 10 - Stock Options and W_3

Note 10 - Stock Options and Warrants (Details Textual) - USD ($)			12 Months Ended
	Oct. 01, 2023	Apr. 13, 2022	Sep. 30, 2024	Sep. 30, 2023
Restricted Stock [Member]
Stock Issued During Period, Shares, Issued for Services		285,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value (in dollars per share)		$ 1.3
Share-Based Payment Arrangement, Expense			$ 3,431	$ 159,522
Restricted Stock Units (RSUs) [Member]
Stock Issued During Period, Value, Issued for Services		$ 370,500
Stock Options and Warrants [Member]
Share-Based Payment Arrangement, Expense			0	$ 0
Stock Options and Warrants [Member] | Director [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 0
The 2022 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized			500,000
Common Stock, Capital Shares Reserved for Future Issuance			215,000
Class of Warrant or Right, Issued During Period	0			0
The 2022 Plan [Member] | Restricted Stock [Member]
Share-Based Payment Arrangement, Expense			$ 3,431	$ 159,522
The 2012 Plan [Member]
Class of Warrant or Right, Issued During Period			0	0

Note 10 - Stock Options and W_4

Note 10 - Stock Options and Warrants - Summary of Stock Options and Warrants Activity (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Outstanding (in shares)	4,688	160,881
Outstanding, weighted average exercise price (in dollars per share)	$ 1.24	$ 1.24
Outstanding, weighted average remaining contractual life (Year)		3 months	7 months 6 days
Outstanding, aggregate intrinsic value		$ 0	$ 0
Expired (in shares)	(4,688)	(156,193)
Expired, weighted average exercise price (in dollars per share)	$ (1.24)	$ (1.24)
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)		0	0
Exercised (in dollars per share)		$ 0	$ 0
Outstanding (in shares)	0	4,688	160,881
Outstanding, weighted average exercise price (in dollars per share)	$ 0	$ 1.24	$ 1.24
Exercisable (in shares)	0
Exercisable, weighted average exercise price (in dollars per share)	$ 0

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual)	Sep. 30, 2024 USD ($)
Deferred Tax Assets, Capital Loss Carryforwards	$ 162,912,903
Expiring in Current Fiscal Year [Member]
Deferred Tax Assets, Capital Loss Carryforwards	$ 2,101,038

Note 11 - Income Taxes - Schedu

Note 11 - Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Federal, current	$ (207,709)	$ 79,000
State, current	0	0
Foreign, current	0	0
Total current	(207,709)	79,000
Federal, deferred	0	0
State, deferred	0	0
Foreign, deferred	(381,744)	548,850
Total tax expense	$ (589,453)	$ 627,850

Note 11 - Income Taxes - Deferr

Note 11 - Income Taxes - Deferred Income Tax Assets (Liabilities) (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Net loss carryforwards	$ 31,667,146	$ 33,396,062
Accruals and reserves	134,414	(44,816)
Severance indemnity reserve	114,837	98,735
Contributions	3,911	3,911
Depreciation and amortization	(494,657)	(378,920)
Stock-based compensation	0	93,031
Interest expense carryforward	708,230	397,566
Valuation allowance	(31,925,292)	(33,661,256)
Net asset	$ 208,589
Net liability		$ (95,687)

Note 11 - Income Taxes - Income

Note 11 - Income Taxes - Income Tax Reconciliation (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Federal income tax benefit at statutory rate	$ (5,004)	$ (169,121)
State income tax benefit, net of federal income tax effect	(941)	(31,811)
Effect of foreign income taxes	(383,254)	548,851
Return to provision	(18,566)	(33,604)
Withholding taxes	(207,709)	79,000
Deferred only adjustment	1,746,831	1,740,896
Gain/(Loss) on deductible expenses	15,154	14,493
Change in valuation allowance	(1,735,964)	(1,520,854)
Total tax expense	$ (589,453)	$ 627,850

Note 12 - Commitments and Con_3

Note 12 - Commitments and Contingencies (Details Textual)					12 Months Ended
	Jun. 27, 2024 USD ($)	Jun. 27, 2024 CLP ($)	Dec. 19, 2021 USD ($)	Mar. 24, 2017 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jul. 12, 2024 USD ($)	Jul. 12, 2024 CLP ($)
Operating Lease, Weighted Average Remaining Lease Term (Year)					2 years 8 months 1 day
Operating Lease, Weighted Average Discount Rate, Percent					4%
Performance Bonds in Connection with a Foreign Customer					$ 1,654,134
Performance Bonds in Connection with a Foreign Customer, Amount Held in an Interest-bearing Account on Behalf of Customer					$ 1,157,867
Performance Bonds in Connection with a Foreign Customer, Bonds Expiring in Next Fiscal Year, Interest Rate					2.80%
Performance Bonds in Connection with a Foreign Customer, Interest Expense					$ 34,792	$ 54,676
SecureAlert, Inc. v. Federal Government of Mexico [Member]
Claim Amount				$ 4,000,000
Track Group Chile SpA. v. Republic of Chile [Member]
Loss Contingency, Damages Sought, Value			$ 1,500,000
Payments for Legal Settlements	$ 1,003,543	$ 950,600,000
Performance Bonds, Returned, in Connection with a Foreign Customer, Amount							$ 1,397,762	$ 1,328,279,704

Note 12 - Commitments and Con_4

Note 12 - Commitments and Contingencies - Operating Lease Revenue Associated With Monitoring Equipment (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Lease Income Comprehensive Income Extensible List Not Disclosed Flag	true	true
Monitoring equipment operating revenue	$ 31,319,769	$ 28,106,916

Note 12 - Commitments and Con_5

Note 12 - Commitments and Contingencies - Right of Use Assets and Lease Liabilities (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	us-gaap_OtherAssetsNoncurrent	us-gaap_OtherAssetsNoncurrent
Other assets	$ 314,767	$ 403,205
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities	Accrued liabilities
Accrued liabilities	$ 128,360	$ 143,846
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term liabilities	Long-term liabilities
Long-term liabilities	$ 186,407	$ 259,359

Note 12 - Commitments and Con_6

Note 12 - Commitments and Contingencies - Cash Flow Information (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash paid for noncancelable operating leases included in operating cash flows	$ 278,553	$ 284,897
Right of use assets obtained in exchange for operating lease liabilities:	$ 61,941	$ 5,459

Note 12 - Commitments and Con_7

Note 12 - Commitments and Contingencies - Future Minimum Lease Payments (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
From October 2024 to September 2025	$ 138,301
From October 2025 to September 2026	97,577
From October 2026 to September 2027	90,899
From October 2027 to September 2028	4,077
From October 2028 to September 2029	1,377
Undiscounted Cash Flow	332,221
Less: imputed interest	(17,454)
Total	314,767
Lease liabilities - current	128,360	$ 143,846
Lease liabilities - long-term	186,407	$ 259,359
Total Lease Liabilities	$ 314,767

Note 13 - Intangible Assets (De

Note 13 - Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Amortization of Intangible Assets	$ 2,247,513	$ 2,616,629
Cost of Sales [Member]
Amortization of Intangible Assets	1,366,019	1,724,256
Operating Expense [Member]
Amortization of Intangible Assets	$ 881,495	$ 892,373
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years

Note 13 - Intangible Assets - I

Note 13 - Intangible Assets - Intangible Asset Activity (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Gross	$ 33,659,537	$ 31,588,140
Accumulated amortization	19,699,966	17,430,846
Net	13,959,571	14,157,294
Patents [Member]
Gross	21,120,565	21,120,565
Accumulated amortization	15,426,897	14,358,431
Net	5,693,668	6,762,134
Developed Technology Rights [Member]
Gross	12,399,380	10,328,125
Accumulated amortization	4,133,477	2,933,499
Net	8,265,903	7,394,626
Trade Names [Member]
Gross	139,592	139,450
Accumulated amortization	139,592	138,916
Net	$ 0	$ 534

Note 13 - Intangible Assets - F

Note 13 - Intangible Assets - Future Maturities of Amortization of Intangible Assets (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
2025	$ 2,422,431
2026	2,795,334
2027	2,830,641
2028	2,534,145
2029	1,644,656
Thereafter	1,732,364
Total	$ 13,959,571	$ 14,157,294

Note 13 - Intangible Assets - G

Note 13 - Intangible Assets - Goodwill (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Balance - beginning of year	$ 7,851,466	$ 8,061,002
Effect of foreign currency translation on goodwill	89,724	(209,536)
Balance - end of year	$ 7,941,190	$ 7,851,466

Note 14 - Assets and Liabilit_3

Note 14 - Assets and Liabilities Held for Sale (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Impairment of Long-Lived Assets to be Disposed of	$ 757,130	$ 0
Track Group Chile [Member] | Disposal Group, Held-for-Sale, Not Discontinued Operations [Member]
Disposal Group, Including Discontinued Operation, Consideration	1,000,000
Impairment of Long-Lived Assets to be Disposed of	$ 757,130

Note 14 - Assets and Liabilit_4

Note 14 - Assets and Liabilities Held for Sale - Schedule of Disposal Groups (Details)	Sep. 30, 2024 USD ($)
Property and equipment, net	$ 10,614
Other assets	246,397
Accrued expenses	636,640
Disposal Group, Held-for-Sale, Not Discontinued Operations [Member] | Track Group Chile [Member]
Cash	1,007,410
Accounts receivable, net	321,372
Prepaid expenses	88,358
Property and equipment, net	10,614
Other assets	246,397
Monitoring equipment, net	52,460
Impairment of carrying value	(757,130)
Total assets held for sale	969,481
Accounts payable	37,142
Accrued expenses	636,640
Current portion of long-term debt	58,246
Total liabilities held for sale	$ 732,028

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) $ in Millions	Nov. 01, 2024 USD ($)
ISA Stock Purchase Agreement [Member] | Subsequent Event [Member]
Proceeds from Issuance or Sale of Equity	$ 1