Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Sep. 30, 2019
Current Assets    
Cash and cash equivalents $ 52,742 $ 52,982
Restricted cash   101
Accounts receivable (less allowance for doubtful accounts of $134 and $172 at December 31, 2019, and September 30, 2019, respectively) 14,205 12,873
Inventories 15,580 17,532
Income taxes receivable 662  
Held-for-sale assets 18,752 22,755
Other current assets 2,156 2,027
Total current assets 104,097 108,270
Property, Plant and Equipment - Net 10,100 10,217
Intangible Assets - Net 804 870
Goodwill - Net 6,633 6,633
Other Assets 651 487
Total Assets 122,285 126,477
Current Liabilities    
Accounts payable 5,097 4,371
Accrued compensation and related taxes 1,743 2,717
Accrued warranty expense 461 556
Other accrued liabilities 1,148 1,274
Current maturities of long-term debt 368 371
Contract liabilities 565 1,378
Income taxes payable   1,434
Held-for-sale liabilities 15,168 18,547
Total current liabilities 24,550 30,648
Long-Term Debt 5,085 5,178
Long-Term Lease Liability 34  
Income Taxes Payable 3,654 3,199
Total Liabilities 33,323 39,025
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock; 100,000,000 shares authorized; none issued
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 14,386,422 and 14,268,797 at December 31, 2019 and September 30, 2019, respectively 144 143
Additional paid-in capital 125,866 125,098
Accumulated other comprehensive loss (8,560) (11,233)
Retained deficit (28,488) (26,556)
Total shareholders’ equity 88,962 87,452
Total Liabilities and Shareholders’ Equity $ 122,285 $ 126,477