Company: NOTV
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004178
Chunk: 125

Company: Inotiv, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part II, Item 8
Chunk 125
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 The promissory notes bear interest at a rate of 4.50% per annum, with monthly payments of principal and interest and a maturity date of April 1, 2025.

5.    SUPPLEMENTAL BALANCE SHEET INFORMATION

Trade receivables and contract assets, net consisted of the following: December 31,September 30,2024 2024Trade receivables$61,255 $65,867 Unbilled revenue15,306 14,624 Total76,561 80,491 Less: Allowance for credit losses(6,421)(6,931)Trade receivables and contract assets, net of allowances for credit losses$70,140 $73,560 Inventories, net consisted of the following: December 31,September 30,20242024Raw materials$1,844 $1,868 Work in progress89 61 Finished goods4,038 4,174 Research Model Inventory28,676 14,870 Total34,647 20,973 Less: Obsolescence reserve(3,090)(2,800)Inventories, net$31,557 $18,173 Prepaid expenses and other current assets consisted of the following:December 31,September 30,20242024Advances to suppliers$14,812 $36,516 Prepaid research models4,434 4,993 Income tax receivable2,225 2,602 Note receivable1,335 1,280 Other6,855 4,857 Prepaid expenses and other current assets$29,661 $50,248 

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The composition of other assets is as follows: December 31,September 30,20242024Long-term advances to suppliers$6,131 $6,082 Funded status of defined benefit plan2,986 3,142 Other2,214 2,549 Other assets$11,331 $11,773 Accrued expenses and other current liabilities consisted of the following: December 31,September 30,2024 2024Accrued compensation$8,807 $10,851 Non-income taxes4,197 4,409 Accrued interest1,455 3,017 Other6,041 4,941 Resolution and Plea Agreements (1)5