9. Notes Payable

In September 2019, the Company borrowed $1.0 million with a 5.0% rate of interest related to a multi-year agreement with a customer. In October 2019, the Company borrowed $2.0 million with a 5.1% rate of interest related to a multi-year agreement with a customer. See Note 6 for the disclosure related to the receivables. Interest expense related to the notes for the three months ended December 31, 2019 was $30 thousand. There was no interest expense related to a note for the three months ended December 31, 2018 as there were no outstanding notes payable as of this date. Below are details of the notes payable.


	December 31, 2019		September 30, 2019
	(Amounts in thousands)
Current	$	808	$	359
Less: notes discount		114		42
Notes payable - current portion	$	694	$	317

Noncurrent		1,974	$	718
Less: notes discount		136		34
Notes payable - noncurrent portion	$	1,838	$	684