Company: NOTV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023370
Chunk: 48

Company: Inotiv, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 Finance lease right-of-use assets, net2,846 652 Other1,362 1,897 Other assets$13,516 $11,773 Accrued expenses and other current liabilities consisted of the following: March 31,September 30,2025 2024Accrued compensation$11,351 $10,851 Non-income taxes3,985 4,409 Accrued interest185 3,017 Current portion of long-term finance lease414 211 Other5,665 4,730 Resolution and Plea Agreements (1)5,000 5,000 Accrued expenses and other current liabilities$26,600 $28,218 (1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and expects to pay an additional $22,000 over multiple years. Accordingly, the Company has included $5,000 in accrued expenses and other current liabilities on the condensed consolidated balance sheets as of each of March 31, 2025 and September 30, 2024. The remaining $17,000 was included in other long-term liabilities on the condensed consolidated balance sheets as of each of March 31, 2025 and September 30, 2024 as described below.

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The composition of fees invoiced in advance is as follows: March 31,September 30,2025 2024Client deposits$24,044 $24,898 Deferred revenue16,419 17,088 Fees invoiced in advance$40,463 $41,986 The composition of other liabilities is as follows: March 31,September 30,20252024Long-term client deposits$16,966 $16,966 Long-term finance leases2,427 433 Other534 564 Resolution and Plea Agreements (1)17,399 17,000 Other long-term liabilities$37,326 $34,963 (1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and expects to pay an additional $22,000 over multiple years. Accordingly, the Company has included $17,000 in other long-term liabilities on its condensed consolidated balance sheets as of each of March 31, 2025 and September 30, 2024. Further, all interest accrued on