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Leases (Tables)
6 Months Ended
Mar. 31, 2020
Leases  
Schedule of lease costs

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

Six Months Ended March 31, 

 

 

    

2020

    

2020

    

Finance lease cost:

 

 

 

 

 

 

 

Amortization of right of use asset

 

$

107

 

$

215

 

Interest on lease liabilities

 

 

207

 

 

415

 

Total finance lease cost

 

$

314

 

$

630

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

375

 

$

730

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

Operating cash flows from finance leases

 

 

207

 

 

415

 

Operating cash flows from operating leases

 

 

375

 

 

730

 

Financing cash flows from finance leases

 

 

42

 

 

82

 

Total cash paid for amounts included in measurement of lease liabilities

 

$

624

 

$

1,227

 

 

Schedule of Balance Sheet operating and financing lease information

 

 

 

 

 

 

 

March 31, 

 

 

    

2020

    

Finance lease assets (included in Property, plant and equipment, net)

 

 

6,719

 

Operating right of use lease assets (included in Other assets)

 

 

2,306

 

Total lease assets

 

$

9,025

 

 

 

 

 

 

Finance lease liabilities

 

 

 

 

Accrued expenses

 

 

182

 

Long-term obligations (less current portion)

 

 

7,714

 

Total Finance lease liabilities

 

$

7,896

 

Operating lease liabilities

 

$

2,306

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

 

    

2020

    

Weighted average lease term (Years)

 

 

 

 

Finance leases

 

 

15.6

 

Operating leases

 

 

3.2

 

Weighted average discount rate

 

 

 

 

Finance leases

 

 

10.33

%

Operating leases

 

 

5.25

%

 

Schedule of financing and operating lease maturity

The following is a table of future minimum lease payments during each fiscal year under operating and finance leases and the present value of the net minimum lease payments as of March 31, 2020.

 

 

 

 

 

 

 

 

 

Finance

 

Operating

 

Future minimum lease payments

Leases

 

Leases

 

2020

$

498

 

$

683

 

2021

 

1,001

 

 

839

 

2022

 

1,012

 

 

426

 

2023

 

1,024

 

 

293

 

2024

 

1,031

 

 

281

 

Thereafter

 

11,540

 

 

71

 

Total minimum lease payments

 

16,106

 

 

2,593

 

Less: amount representing interest

 

(8,210)

 

 

(287)

 

Present value of net minimum lease payments

$

7,896

 

$

2,306

 

 

 

 

 

 

 

 

 

 

 

 

 

The following is a table of future minimum lease payments as of September 30, 2019.

 

 

 

 

 

 

 

 

 

 

 

Finance

 

Operating

 

Contractual Obligations as of September 30, 2019

Leases

 

Leases

 

2020

$

993

 

$

2,542

 

2021

 

1,000

 

 

1,254

 

2022

 

1,013

 

 

460

 

2023

 

1,024

 

 

277

 

2024

 

1,032

 

 

259

 

Thereafter

 

11,623

 

 

60

 

Total minimum lease payments

 

16,685

 

 

4,852

 

Less: amount representing interest

 

(8,706)

 

 

 —

 

Present value of net minimum lease payments

$

7,979

 

$

4,852