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Bank loan (Tables)
3 Months Ended
Dec. 31, 2022
Borrowings [abstract]  
Schedule of Movement of Bank Loan

The following outlines the movement of the bank loan during year ended December 31, 2022:

 

 

($)

 

Balance at September 30, 2021

 

 

 

Draw-down

 

 

10,000

 

Less: transaction costs and fees

 

 

(597

)

Gain on loan modification

 

 

(316

)

Interest expense

 

 

617

 

Interest paid

 

 

(342

)

Balance at September 30, 2022

 

 

9,362

 

Interest expense

 

 

279

 

Interest paid

 

 

(193

)

Balance at December 31, 2022

 

 

9,448

 

On February 13, 2023, the Company announced an amended and restated credit agreement with the Bank of Montreal and the National Bank of Canada to expand its existing secured revolving credit facility (Note 17).