Financing Transactions

3 Months Ended

Dec. 31, 2024

Financing Transactions [Abstract]

Financing Transactions [Text Block]

Note 4:  Financing Transactions

Insurance Financing

During July 2024, the Company entered into an agreement to finance a portion of its commercial insurance premiums. The amount financed totaled $296,000 and carries a 12.9% interest rate. As of December 31, 2024 and September 30, 2024, the amount of this note totaled $152,000 and $210,000, respectively. This note is expected to be fully paid by May 2025.  Interest expense associated with this agreement totaled $6,000 during the three months ended December 31, 2024.

Line of Credit

The Company has a revolving line of credit with Pacific Premier Bank for $500,000, expiring April 1, 2025. There was no outstanding balance on the line of credit as of December 31, 2024 or September 30, 2024.