Track (TRCK) 10-Q 7 Feb 25 2025 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 31, 2024	Feb. 03, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	0-23153
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
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		11,863,758
Entity Central Index Key	0001045942
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Consolidated Balan

Consolidated Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Current assets:
Cash	$ 3,740,043	$ 3,574,215
Accounts receivable, net of allowance for credit losses of $525,141 and $432,904, respectively	5,319,041	4,428,535
Prepaid expense and deposits	420,680	638,293
Inventory, net of reserves of $99,041 and $82,848, respectively	811,992	582,481
Assets held for sale	0	969,481
Total current assets	10,291,756	10,193,005
Intangible assets, net of accumulated amortization of $19,954,086 and $19,699,966, respectively	13,415,776	13,959,571
Goodwill	7,913,369	7,941,190
Other assets, net	1,238,608	660,170
Total assets	37,760,895	37,670,006
Current liabilities:
Accounts payable	3,336,084	3,082,467
Accrued liabilities	2,542,932	2,639,318
Liabilities held for sale	0	732,028
Total current liabilities	5,879,016	6,453,813
Long-term debt, net of current portion	42,659,634	42,639,197
Long-term liabilities	679,823	186,407
Total liabilities	49,218,473	49,279,417
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
Preferred stock, $0.0001 par value: 20,000,000 shares authorized; 0 shares outstanding	0	0
Paid in capital	302,600,546	302,600,546
Accumulated deficit	(315,274,178)	(312,691,811)
Accumulated other comprehensive income (loss)	1,214,868	(1,519,332)
Total stockholders’ equity (deficit)	(11,457,578)	(11,609,411)
Total liabilities and stockholders’ equity	37,760,895	37,670,006
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 and equipment, net of accumulated depreciation of $293,419 and $430,003, respectively	351,353	317,206
Monitoring Equipment [Member]
Current assets:
Property and equipment, net of accumulated depreciation of $293,419 and $430,003, respectively	$ 4,550,033	$ 4,598,864

Consolidated Consolidated Bal_2

Consolidated Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Accounts Receivable, Allowance for Credit Loss, Current	$ 525,141	$ 432,904
Reserve for inventory	99,041	82,848
Intangible assets, accumulated amortization	$ 19,954,086	$ 19,699,966
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	$ 293,419	$ 430,003
Monitoring Equipment [Member]
Property, Plant, and Equipment, Owned, Accumulated Depreciation	$ 5,145,204	$ 5,982,972

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations And Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenue:
Revenues	$ 8,668,328	$ 8,966,972
Cost of revenue:
Monitoring, products and other related services	3,508,762	3,973,989
Depreciation & amortization included in cost of revenue	735,224	789,463
Total cost of revenue	4,243,986	4,763,452
Gross profit	4,424,342	4,203,520
Operating expense:
General & administrative	2,431,118	2,757,887
Selling & marketing	901,189	706,531
Research & development	669,391	682,463
Depreciation & amortization	227,553	239,760
Total operating expense	4,295,734	4,386,641
Operating income (loss)	128,608	(183,121)
Other income (expense):
Interest income	2,839	48,162
Interest expense	(571,798)	(486,084)
Currency exchange rate gain (loss)	(1,499,262)	538,945
Total other income (expense)	(2,068,221)	101,023
Income (loss) before income taxes	(1,939,613)	(82,098)
Income tax expense (benefit)	71,236	(82,559)
Net income (loss) attributable to common stockholders	(2,010,849)	461
Foreign currency translation adjustments	771,769	(106,702)
Comprehensive income (loss)	$ 723,351	$ (106,241)
Net income (loss) per common share (in dollars per share)	$ (0.17)	$ 0
Weighted average common shares outstanding (in shares)	11,863,758	11,863,758
Net income (loss) per common share (in dollars per share)	$ (0.17)	$ 0
Weighted average common shares outstanding (in shares)	11,863,758	11,863,758
Track Group Chile [Member]
Operating expense:
Loss on sale of subsidiary	$ 66,483	$ 0
Other income (expense):
Release of cumulative translation adjustment for sale of subsidiary	1,390,913	0
Equity adjustment for sale of subsidiary	571,518	0
Monitoring and Other Related Services [Member]
Revenue:
Revenues	8,441,307	8,674,485
Product Sales and Other [Member]
Revenue:
Revenues	$ 227,021	$ 292,487

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity/(Deficit) (Unaudited) - USD ($)	Common Stock [Member] Track Group Chile [Member]	Common Stock [Member]	Additional Paid-in Capital [Member] Track Group Chile [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member] Track Group Chile [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member] Track Group Chile [Member]	AOCI Attributable to Parent [Member]	Track Group Chile [Member]	Total
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)
Release of cumulative translation adjustment for sale of subsidiary									$ 0
Foreign currency translation adjustments		$ 0		0		0		(106,702)		(106,702)
Net loss						461		0		461
Balance (in shares) at Dec. 31, 2023		11,863,758
Balance at Dec. 31, 2023		$ 1,186		302,600,546		(309,609,936)		(1,587,539)		(8,595,743)
Stock-based compensation		$ 0		3,431		0		0		3,431
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)
Release of cumulative translation adjustment for sale of subsidiary	$ 0		$ 0		$ 0		$ 1,390,913		1,390,913
Foreign currency translation adjustments		0		0		0		771,769		771,769
Equity adjustment for sale of subsidiary	$ 0		$ 0		$ (571,518)		$ 571,518		$ 0
Net loss		$ 0		0		(2,010,849)		0		(2,010,849)
Balance (in shares) at Dec. 31, 2024		11,863,758
Balance at Dec. 31, 2024		$ 1,186		$ 302,600,546		$ (315,274,178)		$ 1,214,868		$ (11,457,578)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ (2,010,849)	$ 461
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	962,777	1,029,223
Bad debt expense	92,237	120,703
Sales allowance	0	(3,065)
Allowance for obsolete inventory	16,192	0
Stock based compensation	0	3,431
Loss on monitoring equipment included in cost of revenue	92,743	98,673
Amortization of debt issuance costs	21,018	35,413
Amortization of monitoring center assets included in cost of revenue	0	134,317
Foreign currency exchange (gain) loss	1,499,262	(538,945)
Loss on disposal of assets	92	0
Change in assets and liabilities:
Accounts receivable, net	(1,465,656)	(1,238,726)
Inventories, net	(245,703)	315,648
Current assets held for sale	719,201	0
Prepaid expense, deposits and other assets	(235,544)	63,261
Noncurrent assets	(10,614)	0
Accounts payable	259,245	480,200
Accrued liabilities	695,606	141,731
Current liabilities held for sale	(732,028)	0
Other current liabilities	58,246	0
Net cash provided by (used in) operating activities	(217,292)	642,325
Cash flow from investing activities:
Purchase of property and equipment	(41,696)	0
Capitalized software	(404,244)	(369,524)
Purchase of monitoring equipment and parts	(507,048)	(486,991)
Net cash used in investing activities	(204,273)	(856,515)
Cash flow from financing activities:
Principal payments on long-term debt	(11,399)	(124,338)
Payment of deferred financing fees	(52,440)	0
Net cash used in financing activities	(63,839)	(124,338)
Effect of exchange rate changes on cash	(356,178)	12,218
Net decrease in cash	(841,582)	(326,310)
Cash and cash held for sale, beginning of period (See Note 2)	4,581,625	4,057,195
Cash, end of period	3,740,043	3,730,885
Cash paid for interest	7,536	29,720
Cash paid for taxes	759	239
Track Group Chile [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on sale of subsidiary	66,483	0
Cash flow from investing activities:
Proceeds from sale of subsidiary, net of cash included in sale	$ 748,715	$ 0

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Basis of Accounting [Text Block]	(1) BASIS OF PRESENTATION The unaudited interim condensed consolidated financial information of Track Group, Inc. and subsidiaries (collectively, the “ Company Track Group SEC GAAP As of December 31, 2024 and September 30, 2024, the Company had an accumulated deficit of $315,274,178 and $312,691,811, respectively. The Company had net loss of ($2,010,849) for the three months ended December 31, 2024 and a net income of $461 for the three months ended December 31, 2023. On April 27, 2023, the Company announced a three-year extension of its $42.9 million debt to July 1, 2027 (See Note 18). The Company’s ability to return to profitable operations is dependent upon generating a level of revenue adequate to support its cost structure. Management has evaluated the significance of these conditions, as well as the change in the maturity date, and has determined that the Company can meet its operating obligations for a reasonable period. The Company expects to fund operations using cash on hand and through operational cash flows through the upcoming twelve months. Sale of Subsidiary In the first quarter of fiscal 2025, we completed the sale of our Chile subsidiary and recognized a $66,483 loss recorded in Loss on sale of subsidiary in the Condensed Consolidated Statements of Operations and Comprehensive Income for the three months ended December 31, 2024. This loss is in addition to a $757,130 impairment on assets held for sale in the fourth quarter of fiscal 2024. Cash and Cash Held for Sale Cash and cash held for sale consisted of the following: December 31, 2024 September 30, 2024 Cash $ 3,740,043 $ 3,574,215 Cash held for sale - 1,007,410 Total cash and cash held for sale $ 3,740,043 $ 4,581,625

Note 2 - Principles of Consolid

Note 2 - Principles of Consolidation	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	(2) 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., and Track Group International LTD., as well as activity for our recently sold subsidiary, Track Group - Chile SpA. All significant inter-company transactions have been eliminated in consolidation.

Note 3 - Recent Accounting Stan

Note 3 - Recent Accounting Standards	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	(3) RECENT ACCOUNTING STANDARDS The Company evaluates all Accounting Standards Updates (each an “ ASU ASUs FASB New Accounting Standards or Updates Adopted in Fiscal 2025 No new accounting standards or updates were adopted in Fiscal 2025. 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 In November 2024, the FASB issued ASU 2024-03 “ Disaggregation of Income Statement Expenses. No other new accounting pronouncements issued or effective as of December 31, 2024 have had or are expected to have a material impact on our consolidated financial statements.

Note 4 - Impairment of Long-liv

Note 4 - Impairment of Long-lived Assets	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Asset Impairment Charges [Text Block]	(4) IMPAIRMENT OF LONG-LIVED ASSETS The Company reviews its long-lived assets for impairment when events or changes in circumstances indicate that the book value of an asset may not 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.

Note 5 - Accumulated Other Comp

Note 5 - Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	(5) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive income (loss) includes net income (loss) as currently reported under GAAP and other comprehensive income (loss). Other comprehensive income (loss) considers the effects of additional economic events, such as foreign currency translation adjustments, which are not required to be recorded in determining net income (loss), but rather are reported as a separate component of stockholders’ equity. The New Israeli Shekel and the Canadian Dollar are used as functional currencies of the following operating subsidiaries: (i) Track Group International Ltd.; and (ii) Track Group Analytics Limited, respectively. The Chilean Peso is the functional currency of our recently sold subsidiary, Track Group Chile SpA. The balance sheets of all subsidiaries have been converted into United States Dollars at the prevailing exchange rate at December 31, 2024.

Note 6 - Net Income (Loss) Per

Note 6 - Net Income (Loss) Per Common Share	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	(6) NET INCOME 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 to purchase shares of the Company’s common stock, $0.0001 par value per share (“ Common Stock options warrants

Note 7 - Revenue Recognition

Note 7 - Revenue Recognition	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	(7) 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 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 the invoice date. Payment due or received from the customers prior to rendering the associated services are recorded 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 from the sale of devices and parts is recognized upon their transfer of control to the customer, which is generally upon shipment, but may vary per contract. Payment terms are generally 30 days from invoice date. 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 during the three months ended December 31, 2024 and 2023. 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. 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 may not have 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. The following table presents the Company’s revenue by geography, based on management’s assessment of available data: Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 6,473,657 75 % $ 6,457,328 72 % Latin America 1,973,054 23 % 2,332,787 26 % Other 221,617 2 % 176,857 2 % Total $ 8,668,328 100 % $ 8,966,972 100 % The above table includes total revenue for the Company, of which monitoring and other related services is the majority (approximately 97% for the three months ended December 31, 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. The balance of accounts receivable at December 31, 2024 of $5,319,041 includes an unbilled balance of $0 and the balance of accounts receivable at September 30, 2024 of $4,428,535 does not include an unbilled balance of $495,969, which was included in assets held for sale on the Consolidated Balance Sheet. The balance of accounts receivable at October 1, 2023 of $4,536,916 included 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 selling and marketing expense on our Condensed Consolidated Statements of Operations. As of December 31, 2024, the Company had an allowance for credit losses of $525,141, which includes an allowance for credit memos of $70,000, at September 30, 2024 an allowance for credit losses of $432,904, which included an allowance for credit memos of $70,000, and at October 1, 2023 an allowance for credit losses of $178,095, which included an allowance for credit memos of $23,065. The following table summarizes the activity of allowance for credit losses on accounts receivable for the three months ended December 31, 2024: Three Months Ended December 31, 2024 Balance - beginning of period $ 432,904 Increase to provision for credit losses 92,237 Balance - end of period $ 525,141 For the three months ended December 31, 2024 and 2023, the Company wrote-off accounts receivables of $0 and $14, respectively. The balances of deferred revenue at December 31, 2024, September 30, 2024, and October 1, 2023 were $0, $0, and $431, respectively. The Company recognized $0 and $150,431 of deferred revenue in the three months ended December 31, 2024 and 2023, respectively.

Note 8 - Prepaid Expense and De

Note 8 - Prepaid Expense and Deposits	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Deferred Costs, Capitalized, Prepaid, and Other Assets [Text Block]	(8) PREPAID EXPENSE AND DEPOSITS As of December 31, 2024 and September 30, 2024, the outstanding balance of prepaid expense and deposits was $420,680 and $638,293, respectively. These balances are comprised largely of tax deposits, vendor deposits and other prepaid supplier expense.

Note 9 - Inventory

Note 9 - Inventory	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	(9) 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 December 31, 2024 and September 30, 2024, inventory consisted of the following: December 31, 2024 September 30, 2024 Monitoring equipment component boards inventory $ 911,033 $ 665,329 Reserve for damaged or obsolete inventory (99,041 ) (82,848 ) Total inventory, net of reserves $ 811,992 $ 582,481 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 $16,192 and $0 during the three months ended December 31, 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.

Note 10 - Property and Equipmen

Note 10 - Property and Equipment	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	(10) PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of December 31, 2024 and September 30, 2024: December 31, 2024 September 30, 2024 Equipment, software and tooling $ 115,496 $ 114,088 Leasehold improvements 98,979 237,722 Furniture and fixtures 127,297 120,364 New device fixed assets 303,000 275,035 Total property and equipment before accumulated depreciation 644,772 747,209 Accumulated depreciation (293,419 ) (430,003 ) Property and equipment, net of accumulated depreciation $ 351,353 $ 317,206 Property and equipment depreciation expense for the three months ended December 31, 2024 and 2023 was $7,312 and $18,989, respectively. Depreciation expense for property and equipment is recognized in operating expense on the Condensed Consolidated Statements of Operations.

Note 11 - Monitoring Equipment

Note 11 - Monitoring Equipment	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Monitoring Equipment Disclosure [Text Block]	(11) 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 three five December 31, 2024 September 30, 2024 Monitoring equipment $ 9,695,237 $ 10,581,836 Less: accumulated depreciation (5,145,204 ) (5,982,972 ) Monitoring equipment, net of accumulated depreciation $ 4,550,033 $ 4,598,864 Depreciation of monitoring equipment for the three months ended December 31, 2024 and 2023 was $447,051 and $382,453, respectively. Depreciation expense for monitoring devices is recognized in cost of revenue on the Condensed Consolidated Statements of Operations. During the three months ended December 31, 2024 and 2023, the Company recorded charges of $71,868 and $98,673, respectively, for devices that were lost, stolen or damaged. Lost, stolen or damaged items are included in cost of revenue - Monitoring, products & other related service costs in the Condensed Consolidated Statements of Operations.

Note 12 - Intangible Assets

Note 12 - Intangible Assets	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	(12) INTANGIBLE ASSETS The following table summarizes the activity of intangible assets at December 31, 2024 and September 30, 2024: December 31, 2024 September 30, 2024 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patent & royalty agreements $ 21,120,565 $ (15,647,138 ) $ 5,473,427 $ 21,120,565 $ (15,426,897 ) $ 5,693,668 Developed technology 12,111,473 (4,169,124 ) 7,942,349 12,399,380 (4,133,477 ) 8,265,903 Trade name 137,824 (137,824 ) - 139,592 (139,592 ) - Total intangible assets $ 33,369,862 $ (19,954,086 ) $ 13,415,776 $ 33,659,537 $ (19,699,966 ) $ 13,959,571 The intangible assets summarized above were purchased or developed on various dates from July 2011 through December 31, 2024. Total amortization expense for the three months ended December 31, 2024 and 2023 was $508,414 and $627,781, respectively. Included in the total amortization expense was $288,173 and $407,010 included in cost of revenue on the Condensed Consolidated Statements of Operations for three months ended December 31, 2024 and 2023, respectively, and $220,241 and $220,771 in amortization expense included in operating expense on the Condensed Consolidated Statements of Operations for three months ended December 31, 2024 and 2023, respectively. The following table summarizes the future maturities of amortization of intangible assets as of December 31, 2024: Twelve months ended December 31: Amortization 2025 2,440,086 2026 2,768,407 2027 2,804,301 2028 2,246,189 2029 1,688,078 Thereafter 1,468,715 Total $ 13,415,776

Note 13 - Goodwill

Note 13 - Goodwill	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Goodwill Disclosure [Text Block]	(13) GOODWILL The following table summarizes the activity of Goodwill at December 31, 2024 and September 30, 2024, respectively: Three Months Ended December 31, 2024 Year Ended September 30, 2024 Balance - beginning of period $ 7,941,190 $ 7,851,466 Effect of foreign currency translation on goodwill (27,821 ) 89,724 Balance - end of period $ 7,913,369 $ 7,941,190 Goodwill is recognized in connection with acquisition transactions in accordance with ASC 805. The Company performs an impairment test for goodwill annually or more frequently if indicators of potential impairment exist. No

Note 14 - Other Assets

Note 14 - Other Assets	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Investments and Other Noncurrent Assets [Text Block]	(14) OTHER ASSETS As of December 31, 2024 and September 30, 2024, the balance of other assets was $1,238,608 and $660,170, respectively. Other assets at December 31, 2024 are comprised largely of right of use assets, lease deposits, cash used as collateral for a performance bond and deferred income tax. Other assets as of December 31, 2024 and September 30, 2024 exclude amounts classified as held for sale on the Condensed Consolidated Balance Sheet of $0 and $246,397, respectively. See Note 23 for additional information.

Note 15 - Leases

Note 15 - Leases	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	(15) 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 for the three months ended December 31, 2024 and 2023, respectively, are shown in the table below: Three Months Ended December 31, 2024 2023 Monitoring equipment operating revenue $ 7,712,146 $ 7,317,614 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 as of December 31, 2024 and September 30, 2024. December 31, 2024 September 30, 2024 Operating lease asset Operating lease liability Operating lease asset Operating lease liability Other assets $ 879,210 $ 314,767 Accrued liabilities 199,387 128,360 Long-term liabilities 679,823 186,407 The following table summarizes the supplemental cash flow information for the three months ended December 31, 2024 and 2023: Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Cash paid for noncancelable operating leases included in operating cash flows $ 62,087 $ 69,940 Right of use assets obtained in exchange for operating lease liabilities $ 627,701 $ 43,974 The future minimum lease payments under noncancelable operating leases with terms greater than one year as of December 31, 2024 are: Operating From January 2025 to December 2025 $ 236,496 From January 2026 to December 2026 232,672 From January 2027 to December 2027 207,236 From January 2028 to December 2028 149,423 From January 2029 to December 2029 152,013 Thereafter - Undiscounted Cash Flow 977,840 Less: imputed interest (98,630 ) Total $ 879,210 Reconciliation to lease liabilities: Lease liabilities - current $ 199,387 Lease liabilities - long-term 679,823 Total Lease Liabilities $ 879,210 The weighted-average remaining lease term and discount rate related to the Company’s lease liabilities as of December 31, 2024 were 4.30 years and 4.7%, 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.

Note 16 - Accrued Liabilities

Note 16 - Accrued Liabilities	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	(16) ACCRUED LIABILITES Accrued liabilities consisted of the following as of December 31, 2024 and September 30, 2024: December 31, 2024 September 30, 2024 Accrued payroll, taxes and employee benefits $ 662,960 $ 1,243,926 Accrued taxes - foreign and domestic 172,651 169,951 Accrued other expense 91,515 110,118 Accrued legal and other professional costs 118,812 61,779 Accrued costs of revenue 91,884 214,727 Right of use liability 199,387 128,360 Deferred financing fees 110,310 162,750 Accrued interest 1,095,413 547,707 Total accrued liabilities $ 2,542,932 $ 2,639,318 Accrued liabilities in the table above as of December 31, 2024 and September 30, 2024 exclude amounts classified as held for sale of $0 and $636,640, respectively. See Note 23 for additional information.

Note 17 - Related Parties

Note 17 - Related Parties	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	(17) 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 18 - Debt Obligations

Note 18 - Debt Obligations	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	(18) DEBT OBLIGATIONS Debt obligations, net of debt issuance costs, as of December 31, 2024 and September 30, 2024, consisted of the following: December 31, 2024 September 30, 2024 The unsecured loan (the “ Amended Facility Agreement Conrent $ 42,659,634 $ 42,639,197 Total debt obligations 42,659,634 42,639,197 Less: current portion - - Long-term debt, less current portion $ 42,659,634 $ 42,639,197 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 The following table summarizes our future maturities of debt obligations, net of the amortization of debt discounts as of December 31, 2024: Twelve months ended December 31: Total 2025 $ - 2026 - 2027 42,864,000 Total 42,864,000 Issuance costs (204,366 ) Debt obligations, net of unamortized issuance costs $ 42,659,634

Note 19 - Preferred and Common

Note 19 - Preferred and Common Stock	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Preferred and Common Stock Disclosure [Text Block]	(19) PREFERRED AND COMMON STOCK The Company is authorized to issue up to 30,000,000 shares of Common Stock and up to 20,000,000 shares of preferred stock, $0.0001 par value per share (“ Preferred Stock no No Common Stock Issuances There were no 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 December 31, 2024, no

Note 20 - Stock Options and War

Note 20 - Stock Options and Warrants	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	(20) 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 the three months ended December 31, 2024 and 2023. The Company recorded expense of $0 and $3,431 for the three months ended December 31, 2024 and 2023, respectively, related to the 2022 Plan. As of December 31, 2024, there were 215,000 shares of our Common Stock reserved for future issuance under the 2022 Plan and 27,218 shares of our Common Stock reserved for future issuance under the predecessor 2012 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 three months ended December 31, 2024 and 2023, the Company granted no no There are no outstanding options or warrants at December 31, 2024 and no future issuances are expected. As of December 31, 2024, no

Note 21 - Income Taxes

Note 21 - Income Taxes	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(21) 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. 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. In computing income tax, we recognize an income tax provision in tax jurisdictions in which we have pre-tax income for the period and are expecting to generate pre-tax book income during the fiscal year.

Note 22 - Commitments and Conti

Note 22 - Commitments and Contingencies	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(22) 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 Kevin Barnes v. Track Group, Inc., et. al.

Note 23 - Sale Of Subsidiary

Note 23 - Sale Of Subsidiary	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(23) SALE OF SUBSIDIARY On November 1, 2024, the Company announced the entry into a Stock Purchase Agreement dated October 29, 2024, by and between the Company and Inversiones Santa Hortensia SpA, a stock corporation organized under the laws of Chile (“ ISA Agreement Track Group Chile Shares In connection with the execution of the Agreement, the Company and ISA entered into certain related agreements, including a Track Group Chile Transition Services Agreement, the OTD Sale and Service Agreement and the Trademark License Agreement (together, the “ Related Agreements 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 in the Condensed Consolidated Statements of Operations. The Company wrote-off the associated assets and liabilities of this entity as of the date of the sale and recorded a pre-tax loss on sale of subsidiary of $66,483, which has been reflected in the Condensed Consolidated Statements of Operations for the three months ended December 31, 2024. The Company does not view this sale of subsidiary as a strategic shift in its operations and therefore it did not meet the criteria of discontinued operations. The following summarizes the loss on sale of subsidiary: Proceeds from sale of subsidiary $ 1,000,000 Net assets and liabilities, including $251,285 of cash 324,430 Cumulative translation adjustment released to net loss (1,390,913 ) Loss on sale of subsidiary $ (66,483 )

Note 24 - Subsequent Events

Note 24 - Subsequent Events	3 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	(24) SUBSEQUENT EVENTS In accordance with the Subsequent Events Topic of FASB ASC 855 ,

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	December 31, 2024 September 30, 2024 Cash $ 3,740,043 $ 3,574,215 Cash held for sale - 1,007,410 Total cash and cash held for sale $ 3,740,043 $ 4,581,625

Note 7 - Revenue Recognition (T

Note 7 - Revenue Recognition (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Disaggregated Revenue by Geography [Table Text Block]	Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Total Revenue % of Total Revenue Total Revenue % of Total Revenue United States $ 6,473,657 75 % $ 6,457,328 72 % Latin America 1,973,054 23 % 2,332,787 26 % Other 221,617 2 % 176,857 2 % Total $ 8,668,328 100 % $ 8,966,972 100 %
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Three Months Ended December 31, 2024 Balance - beginning of period $ 432,904 Increase to provision for credit losses 92,237 Balance - end of period $ 525,141

Note 9 - Inventory (Tables)

Note 9 - Inventory (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2024 September 30, 2024 Monitoring equipment component boards inventory $ 911,033 $ 665,329 Reserve for damaged or obsolete inventory (99,041 ) (82,848 ) Total inventory, net of reserves $ 811,992 $ 582,481

Note 10 - Property and Equipm_2

Note 10 - Property and Equipment (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2024 September 30, 2024 Equipment, software and tooling $ 115,496 $ 114,088 Leasehold improvements 98,979 237,722 Furniture and fixtures 127,297 120,364 New device fixed assets 303,000 275,035 Total property and equipment before accumulated depreciation 644,772 747,209 Accumulated depreciation (293,419 ) (430,003 ) Property and equipment, net of accumulated depreciation $ 351,353 $ 317,206

Note 11 - Monitoring Equipment

Note 11 - Monitoring Equipment (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Monitoring Property and Equipment [Table Text Block]	December 31, 2024 September 30, 2024 Monitoring equipment $ 9,695,237 $ 10,581,836 Less: accumulated depreciation (5,145,204 ) (5,982,972 ) Monitoring equipment, net of accumulated depreciation $ 4,550,033 $ 4,598,864

Note 12 - Intangible Assets (Ta

Note 12 - Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	December 31, 2024 September 30, 2024 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Patent & royalty agreements $ 21,120,565 $ (15,647,138 ) $ 5,473,427 $ 21,120,565 $ (15,426,897 ) $ 5,693,668 Developed technology 12,111,473 (4,169,124 ) 7,942,349 12,399,380 (4,133,477 ) 8,265,903 Trade name 137,824 (137,824 ) - 139,592 (139,592 ) - Total intangible assets $ 33,369,862 $ (19,954,086 ) $ 13,415,776 $ 33,659,537 $ (19,699,966 ) $ 13,959,571
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Twelve months ended December 31: Amortization 2025 2,440,086 2026 2,768,407 2027 2,804,301 2028 2,246,189 2029 1,688,078 Thereafter 1,468,715 Total $ 13,415,776

Note 13 - Goodwill (Tables)

Note 13 - Goodwill (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	Three Months Ended December 31, 2024 Year Ended September 30, 2024 Balance - beginning of period $ 7,941,190 $ 7,851,466 Effect of foreign currency translation on goodwill (27,821 ) 89,724 Balance - end of period $ 7,913,369 $ 7,941,190

Note 15 - Leases (Tables)

Note 15 - Leases (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Operating Lease, Lease Income [Table Text Block]	Three Months Ended December 31, 2024 2023 Monitoring equipment operating revenue $ 7,712,146 $ 7,317,614
Lessee, Operating Lease, Balance Sheet Information [Table Text Block]	December 31, 2024 September 30, 2024 Operating lease asset Operating lease liability Operating lease asset Operating lease liability Other assets $ 879,210 $ 314,767 Accrued liabilities 199,387 128,360 Long-term liabilities 679,823 186,407
Lease, Cost [Table Text Block]	Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Cash paid for noncancelable operating leases included in operating cash flows $ 62,087 $ 69,940 Right of use assets obtained in exchange for operating lease liabilities $ 627,701 $ 43,974
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Operating From January 2025 to December 2025 $ 236,496 From January 2026 to December 2026 232,672 From January 2027 to December 2027 207,236 From January 2028 to December 2028 149,423 From January 2029 to December 2029 152,013 Thereafter - Undiscounted Cash Flow 977,840 Less: imputed interest (98,630 ) Total $ 879,210 Reconciliation to lease liabilities: Lease liabilities - current $ 199,387 Lease liabilities - long-term 679,823 Total Lease Liabilities $ 879,210

Note 16 - Accrued Liabilities (

Note 16 - Accrued Liabilities (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2024 September 30, 2024 Accrued payroll, taxes and employee benefits $ 662,960 $ 1,243,926 Accrued taxes - foreign and domestic 172,651 169,951 Accrued other expense 91,515 110,118 Accrued legal and other professional costs 118,812 61,779 Accrued costs of revenue 91,884 214,727 Right of use liability 199,387 128,360 Deferred financing fees 110,310 162,750 Accrued interest 1,095,413 547,707 Total accrued liabilities $ 2,542,932 $ 2,639,318

Note 18 - Debt Obligations (Tab

Note 18 - Debt Obligations (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2024 September 30, 2024 The unsecured loan (the “ Amended Facility Agreement Conrent $ 42,659,634 $ 42,639,197 Total debt obligations 42,659,634 42,639,197 Less: current portion - - Long-term debt, less current portion $ 42,659,634 $ 42,639,197
Schedule of Maturities of Long-Term Debt [Table Text Block]	Twelve months ended December 31: Total 2025 $ - 2026 - 2027 42,864,000 Total 42,864,000 Issuance costs (204,366 ) Debt obligations, net of unamortized issuance costs $ 42,659,634

Note 23 - Sale Of Subsidiary (T

Note 23 - Sale Of Subsidiary (Tables)	3 Months Ended
	Dec. 31, 2024
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Proceeds from sale of subsidiary $ 1,000,000 Net assets and liabilities, including $251,285 of cash 324,430 Cumulative translation adjustment released to net loss (1,390,913 ) Loss on sale of subsidiary $ (66,483 )

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024	Apr. 27, 2023
Retained Earnings (Accumulated Deficit)	$ 315,274,178		$ 312,691,811
Net income (loss)	(2,010,849)	$ 461
Long-Term Debt	$ 42,659,634		$ 42,639,197
Debt Maturing in July 2027 [Member]
Long-Term Debt				$ 42,900,000

Note 2 - Principles Of Consol_2

Note 2 - Principles Of Consolidation (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Cash	$ 3,740,043	$ 3,574,215
Cash held for sale	0	1,007,410
Total cash and cash held for sale	$ 3,740,043	$ 4,581,625

Note 6 - Net Income (Loss) Pe_2

Note 6 - Net Income (Loss) Per Common Share (Details Textual) - $ / shares	Dec. 31, 2024	Sep. 30, 2024
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001

Note 7 - Revenue Recognition (D

Note 7 - Revenue Recognition (Details Textual) - USD ($)				3 Months Ended
	Dec. 31, 2024	Oct. 01, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Revenue From Contract With Customer, Percent				97%	97%
Accounts and Financing Receivable, after Allowance for Credit Loss, Total	$ 5,319,041	$ 4,536,916		$ 5,319,041		$ 4,428,535
Unbilled Receivables, Current	0	490,848		0		495,969
Accounts Receivable, Allowance for Credit Loss, Including Credit Memos, Current	525,141	178,095		525,141		432,904
Allowance for Credit Memos	70,000	23,065	$ 70,000
Accounts Receivable, Allowance for Credit Loss, Writeoff				0	$ 14
Contract with Customer, Liability	$ 0	$ 431		0		$ 0
Contract with Customer, Liability, Deferred Revenue Recognized				$ 0	$ 150,431

Note 7 - Revenue Recognition -

Note 7 - Revenue Recognition - Revenue Disaggregated by Geography (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Customer revenue amount	$ 8,668,328	$ 8,668,328	$ 8,966,972	$ 8,966,972
Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage		100%		100%
UNITED STATES
Customer revenue amount		$ 6,473,657		$ 6,457,328
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage		75%		72%
Latin America [Member]
Customer revenue amount		$ 1,973,054		$ 2,332,787
Latin America [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage		23%		26%
Other than United States and Latin America [Member]
Customer revenue amount		$ 221,617		$ 176,857
Other than United States and Latin America [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Customer concentration risk percentage		2%		2%

Note 7 - Revenue Recognition _2

Note 7 - Revenue Recognition - Schedule of Allowance for Credit Losses on Accounts Receivable (Details)	3 Months Ended
	Dec. 31, 2024 USD ($)
Balance - beginning of period	$ 432,904
Increase to provision for credit losses	92,237
Balance - end of period	$ 525,141

Note 8 - Prepaid Expense and _2

Note 8 - Prepaid Expense and Deposits (Details Textual) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Prepaid Expense and Other Assets, Current	$ 420,680	$ 638,293

Note 9 - Inventory (Details Tex

Note 9 - Inventory (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Inventory Write-down	$ 16,192	$ 0

Note 9 - Inventory - Summary of

Note 9 - Inventory - Summary of Inventory (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Monitoring equipment component boards inventory	$ 911,033	$ 665,329
Reserve for damaged or obsolete inventory	(99,041)	(82,848)
Total inventory, net of reserves	$ 811,992	$ 582,481

Note 10 - Property and Equipm_3

Note 10 - Property and Equipment (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Depreciation, Nonproduction	$ 7,312	$ 18,989

Note 10 - Property and Equipm_4

Note 10 - Property and Equipment - Property and Equipment (Details) - Property, Plant, and Equipment, Excluding Monitoring Equipment [Member] - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Equipment, software and tooling	$ 115,496	$ 114,088
Leasehold improvements	98,979	237,722
Furniture and fixtures	127,297	120,364
New device fixed assets	303,000	275,035
Total property and equipment before accumulated depreciation	644,772	747,209
Accumulated depreciation	(293,419)	(430,003)
Property and equipment, net of accumulated depreciation	$ 351,353	$ 317,206

Note 11 - Monitoring Equipmen_2

Note 11 - Monitoring Equipment (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Depreciation, Lessor Asset under Operating Lease	$ 447,051	$ 382,453
Impairment, Lessor Asset under Operating Lease	$ 71,868	$ 98,673
Customer Tablets [Member] | Minimum [Member]
Equipment Leased Under Contractual Service Agreements, Useful Life	1 year
Customer Tablets [Member] | Maximum [Member]
Equipment Leased Under Contractual Service Agreements, Useful Life	3 years
Monitoring Equipment [Member] | Minimum [Member]
Equipment Leased Under Contractual Service Agreements, Useful Life	3 years
Monitoring Equipment [Member] | Maximum [Member]
Equipment Leased Under Contractual Service Agreements, Useful Life	5 years

Note 11 - Monitoring Equipmen_3

Note 11 - Monitoring Equipment - Schedule of Monitoring Property and Equipment (Details) - Monitoring Equipment [Member] - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Monitoring equipment	$ 9,695,237	$ 10,581,836
Less: accumulated depreciation	(5,145,204)	(5,982,972)
Monitoring equipment, net of accumulated depreciation	$ 4,550,033	$ 4,598,864

Note 12 - Intangible Assets (De

Note 12 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Amortization of Intangible Assets	$ 508,414	$ 627,781
Cost of Sales [Member]
Amortization of Intangible Assets	288,173	407,010
Operating Expense [Member]
Amortization of Intangible Assets	$ 220,241	$ 220,771

Note 12 - Intangible Assets - I

Note 12 - Intangible Assets - Intangible Asset Activity (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Gross	$ 33,369,862	$ 33,659,537
Accumulated amortization	19,954,086	19,699,966
Net	13,415,776	13,959,571
Patents [Member]
Gross	21,120,565	21,120,565
Accumulated amortization	15,647,138	15,426,897
Net	5,473,427	5,693,668
Developed Technology Rights [Member]
Gross	12,111,473	12,399,380
Accumulated amortization	4,169,124	4,133,477
Net	7,942,349	8,265,903
Trade Names [Member]
Gross	137,824	139,592
Accumulated amortization	137,824	139,592
Net	$ 0	$ 0

Note 12 - Intangible Assets - A

Note 12 - Intangible Assets - Amortization Maturities of Intangible Assets (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
2025	$ 2,440,086
2026	2,768,407
2027	2,804,301
2028	2,246,189
2029	1,688,078
Thereafter	1,468,715
Total	$ 13,415,776	$ 13,959,571

Note 13 - Goodwill (Details Tex

Note 13 - Goodwill (Details Textual) $ in Thousands	3 Months Ended
	Dec. 31, 2024 USD ($)
Goodwill, Impairment Loss	$ 0

Note 13 - Goodwill - Schedule O

Note 13 - Goodwill - Schedule Of Goodwill (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Balance - beginning of period	$ 7,941,190	$ 7,851,466
Effect of foreign currency translation on goodwill	(27,821)	89,724
Balance - end of period	$ 7,913,369	$ 7,941,190

Note 14 - Other Assets (Details

Note 14 - Other Assets (Details Textual) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Other Assets, Total	$ 1,238,608	$ 660,170
Disposal Group, Including Discontinued Operation, Other Assets	$ 0	$ 246,397

Note 15 - Leases (Details Textu

Note 15 - Leases (Details Textual)	Dec. 31, 2024
Operating Lease, Weighted Average Remaining Lease Term	4 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.70%

Note 15 - Leases - Operating Le

Note 15 - Leases - Operating Lease Revenue Associated With Monitoring Equipment (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Monitoring equipment operating revenue	$ 7,712,146	$ 7,317,614

Note 15 - Leases - Schedule of

Note 15 - Leases - Schedule of Right of Use Assets and Lease Liabilities (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Other assets	$ 879,210	$ 314,767
Accrued liabilities	199,387	128,360
Long-term liabilities	$ 679,823	$ 186,407

Note 15 - Leases - Schedule o_2

Note 15 - Leases - Schedule of Cash Flow Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash paid for noncancelable operating leases included in operating cash flows	$ 62,087	$ 69,940
Right of use assets obtained in exchange for operating lease liabilities	$ 627,701	$ 43,974

Note 15 - Leases - Schedule o_3

Note 15 - Leases - Schedule of Future Minimum Lease Payments (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
From January 2025 to December 2025	$ 236,496
From January 2026 to December 2026	232,672
From January 2027 to December 2027	207,236
From January 2028 to December 2028	149,423
From January 2029 to December 2029	152,013
Undiscounted cash flow	977,840
Less: imputed interest	(98,630)
Total	879,210
Lease liabilities - current	199,387	$ 128,360
Long-term liabilities	$ 679,823	$ 186,407

Note 16 - Accrued Liabilities_2

Note 16 - Accrued Liabilities (Details Textual) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Disposal Group, Including Discontinued Operation, Accrued Liabilities	$ 0	$ 636,640

Note 16 - Accrued Liabilities -

Note 16 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Accrued payroll, taxes and employee benefits	$ 662,960	$ 1,243,926
Accrued taxes - foreign and domestic	172,651	169,951
Accrued other expense	91,515	110,118
Accrued legal and other professional costs	118,812	61,779
Accrued costs of revenue	91,884	214,727
Accrued liabilities	199,387	128,360
Deferred financing fees	110,310	162,750
Accrued interest	1,095,413	547,707
Total accrued liabilities	$ 2,542,932	$ 2,639,318

Note 17 - Related Parties (Deta

Note 17 - Related Parties (Details Textual)	Sep. 28, 2017 shares
Stock Issued During Period, Shares, Acquisitions (in shares)	4,706,579

Note 18 - Debt Obligations (Det

Note 18 - Debt Obligations (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2023	Apr. 26, 2023	Dec. 21, 2020	Dec. 20, 2020
Principal Amount	$ 42,864,000
Agreement with Conrent [Member]
Debt Instrument, Interest Rate, Stated Percentage				4%		4%	8%
Debt Instrument, Increase, Accrued Interest	$ 1,095,413
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 18 - Debt Obligations - Su

Note 18 - Debt Obligations - Summary of Debt Obligations (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Total debt obligations	$ 42,659,634	$ 42,639,197
Less: current portion	0	0
Long-term debt, net of current portion	42,659,634	42,639,197
Agreement with Conrent [Member]
Total debt obligations	$ 42,659,634	$ 42,639,197

Note 18 - Debt Obligations - _2

Note 18 - Debt Obligations - Summary of Debt Obligations (Details) (Parentheticals) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Apr. 26, 2023	Dec. 21, 2020	Dec. 20, 2020
Debt Issuance Costs, Net	$ 204,366
Cash paid for interest	7,536	$ 29,720
Agreement with Conrent [Member]
Debt Instrument, Face Amount		$ 42,864,000
Debt Instrument, Interest Rate, Stated Percentage		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	$ 204,366
Interest Payable	1,095,413
Cash paid for interest	$ 0	$ 0

Note 18 - Debt Obligations - Fu

Note 18 - Debt Obligations - Future Maturities of Debt Obligations (Details) - USD ($)	Dec. 31, 2024	Sep. 30, 2024
2025	$ 0
2026	0
2027	42,864,000
Total	42,864,000
Issuance costs	(204,366)
Total debt obligations	$ 42,659,634	$ 42,639,197

Note 19 - Preferred and Commo_2

Note 19 - Preferred and Common Stock (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($)	Sep. 30, 2024 $ / shares shares	Oct. 12, 2017 shares
Common Stock, Shares Authorized	30,000,000		30,000,000
Preferred Stock, Shares Authorized (in shares)	20,000,000		20,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001
Preferred Stock, Shares Outstanding (in shares)	0		0
Dividends, Preferred Stock | $	$ 0	$ 0
Common Stock, Shares, Issued | $	$ 0
Series A Convertible Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)	1,200,000		1,200,000	1,200,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001
Preferred Stock, Shares Outstanding (in shares)	0		0
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

Note 20 - Stock Options and W_2

Note 20 - Stock Options and Warrants (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
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 (in shares)		0
The 2022 Plan [Member] | Restricted Stock [Member]
Share-Based Payment Arrangement, Expense	$ 0	$ 3,431
The 2012 Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	27,218
Class of Warrant or Right, Issued During Period (in shares)	0

Note 22 - Commitments and Con_2

Note 22 - Commitments and Contingencies (Details Textual) $ in Millions	Mar. 24, 2017 USD ($)
SecureAlert, Inc. v. Federal Government of Mexico [Member]
Claim Amount	$ 4

Note 23 - Sale Of Subsidiary (D

Note 23 - Sale Of Subsidiary (Details Textual) - USD ($)			3 Months Ended
	Nov. 01, 2024	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023
Track Group Chile [Member]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal			$ (66,483)	$ 0
Track Group Chile [Member] | Discontinued Operations, Held-for-Sale or Disposed of by Sale [Member]
Disposal Group, Including Discontinued Operation, Consideration		$ 1,000,000	1,000,000
Asset Impairment Charges		$ 757,130
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal			$ (66,483)
ISA Stock Purchase Agreement [Member]
Proceeds from Issuance or Sale of Equity	$ 1,000,000

Note 23 - Sale Of Subsidiary -

Note 23 - Sale Of Subsidiary - Sale Disposal Group (Details) - Track Group Chile [Member] - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ (66,483)	$ 0
Discontinued Operations, Held-for-Sale or Disposed of by Sale [Member]
Disposal Group, Including Discontinued Operation, Consideration	1,000,000		$ 1,000,000
Net assets and liabilities, including $251,285 of cash	324,430
Cumulative translation adjustment released to net loss	(1,390,913)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ (66,483)

Note 23 - Sale Of Subsidiary _2

Note 23 - Sale Of Subsidiary - Sale Disposal Group (Details) (Parentheticals)	Dec. 31, 2024 USD ($)
Track Group Chile [Member] | Discontinued Operations, Held-for-Sale or Disposed of by Sale [Member]
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	$ 251,285