{"url_path":"/sec/trck/10-q/2026/item-1a","section_key":"item-1a","section_title":"Item 1A Risk Factors**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1045942/0001437749-26-015797-index.html","accession_number":"0001437749-26-015797","cik":"0001045942","ticker":"TRCK","issuer_name":"Track Group, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1045942/0001437749-26-015797-index.html","primary_entity_key":"0001045942","primary_entity_name":"Track Group, Inc."},"word_count":286,"has_tables":true,"body_markdown":"**Item 1A. Risk Factors**\n\n \n\nOur results of operations and financial condition are subject to numerous risks and uncertainties described in our Annual Report on Form 10-K for the year ended September 30, 2025, filed on December 19, 2025 (“*Annual Report*”). You should carefully consider these risk factors in conjunction with the other information contained in this Quarterly Report and other reports we file with the SEC. Should any of these risks materialize or deteriorate further, our business, financial condition and future prospects could be negatively impacted. In addition to the risks disclosed in the Annual Report, the following risk factor updates and restates the risk factor disclosed in the Annual Report related to the repayment of outstanding indebtedness:\n\n \n\n**We face risks related to our substantial indebtedness, including risks related to the current extension of interest payments owed to Conrent and the repayment of our outstanding debt to Conrent when the same becomes due and payable.**\n\n \n\nAs of March 31, 2026, excluding deferred financing costs, we had $42,864,000 of principal debt owed to Conrent, of which $0 becomes due and payable within the next 12 months, and $42,864,000 matures in 2027. We have $3,967,301 of interest accrued at March 31, 2026 related to our debt owed to Conrent during the three months ended March 31, 2026, which payment is past due and has been extended until further notice by Conrent. In the event Conrent demands payment of interest, and we are unable to finance or otherwise restructure the interest due and/or debt owed to Conrent when the same becomes due and payable, such failure will have a material adverse effect on our business, financial condition, results of operations, and our ability to continue as a going concern."}