Note 4 - Other Assets

12 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Investments and Other Noncurrent Assets [Text Block]

(4) Other Assets

As of September 30, 2025, September 30, 2024, and September 30, 2023 respectively, the balance of other assets was $1,061,507, $660,170, and $2,442,154. Other assets at September 30, 2025 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 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 was amortized using the straight-line method over the contract period between 32 and 40 months, ending September 30, 2024. Monitoring center equipment as of September 30, 2025 and 2024, was as follows:

	September 30, 2025		September 30, 2024
Monitoring center equipment	$	-	$	1,638,411
Less: accumulated amortization		-		(1,638,411	)
Monitoring center equipment, net of accumulated amortization	$	-	$	-

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, 2025 and 2024 were $0 and $519,341, respectively. The Company recorded revenue from the customer based on a contractually agreed upon unit per day amount during the contract period.