Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 35

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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ed interest3,531 3,017 Current portion of long-term finance lease426 211 Other5,124 4,730 Resolution Agreement and Plea Agreement (1)5,000 5,000 Settlement accrual (2)9,307 — Accrued expenses and other current liabilities$35,921 $28,218 (1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and $5,000 during the three months ended June 30, 2025 and expects to pay an additional $17,000 over multiple years. Further, all interest accrued on the liabilities associated with the Resolution Agreement and Plea Agreement is payable at the time of the due date of the final payment, which is June 3, 2028. Therefore, accrued interest related to the Resolution Agreement and Plea Agreement is also presented within other long-term liabilities. Beginning in October 2024, interest accrues on the entire unpaid balance of the liabilities associated with the Resolution Agreement and Plea Agreement at an annual rate of 4.18%. Accordingly, the Company has included $12,613 and $17,000 in other long-term liabilities on its condensed consolidated balance sheets as of June 30, 2025 and September 30, 2024, respectively. (2) In connection with the ongoing negotiations to settle the securities class action lawsuit and related derivative lawsuits, the Company booked a $10,000 liability, including a $9,307 settlement accrual and $693 within accounts payable.  Refer to Note 12 Contingencies - Securities Class Action and Derivative Lawsuits for for further discussion.The composition of fees invoiced in advance is as follows: June 30,September 30,2025 2024Client deposits$21,724 $24,898 Deferred revenue18,527 17,088 Fees invoiced in advance$40,251 $41,986 The composition of other long-term liabilities is as follows: June 30,September 30,20252024Long-term client deposits$12,127 $16,966 Long-term finance leases2,316 433 Other510 564 Resolution Agreement and Plea Agreement (1)12,613 17,000 Other long-term liabilities$27,566 $34,963 (1) Pursuant to the Resolution Agreement and Plea Agreement, the