Note 5 - Insurance Premium Financing |
12 Months Ended | ||
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Sep. 30, 2022 | |||
Insurance Premium Financing [Member] | |||
Notes to Financial Statements | |||
Short-Term Debt [Text Block] |
In July 2022, the Company entered into a finance agreement with First Insurance Funding in order to fund a portion of its insurance policies. The amount financed is approximately $354,000 and incurs interest at a rate of 2.99%. The Company is required to make monthly payments of approximately $35,000 through April 2023. The outstanding balance as of September 30, 2022 was approximately $248,000. |
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- References No definition available.
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- Definition The entire disclosure for short-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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