Note 5 - Trade Accounts and Notes Receivable

9 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

5. Trade Accounts and Notes Receivable

Trade accounts receivable, net (excluding notes receivable) are reflected in the following table (in thousands):

	June 30, 2024			September 30, 2023
Trade accounts receivable	$	17,709		$	20,282
Allowance for credit losses		(35	)		(125	)
Total		17,674			20,157
Less current portion		(16,164	)		(20,157	)
Non-current trade accounts receivable	$	1,510		$	—

Trade accounts receivable at  June 30, 2024, included $1.5 million classified as non-current which is due in December 2025.  Credit quality indicators used for the non-current portion of this receivable consisted of historical collection experience, internal credit risk grades and collateral.  The Company determines the allowance for credit losses through a review of several factors, including historical collection experience, customer credit worthiness, current aging of customer accounts and current financial conditions of its customers. Trade accounts receivable balances are charged off against the allowance whenever it is probable that the receivable balance will not be recoverable.

Allowance for credit losses related to trade accounts receivable are reflected in the following table (in thousands):

	Three Months Ended						Nine Months Ended
	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Allowance for credit losses:
Beginning of period		67			706			125			591
Provision for credit losses		5			16			60			400
Recoveries		(38	)		(194	)		(144	)		(441	)
Write-offs		—			(321	)		(7	)		(327	)
Currency translation		1			1			1			(15	)
End of period	$	35		$	208		$	35		$	208

The Company had one note receivable from a customer at September 30, 2023, with a balance of $1.2 million, which was paid in January 2024.