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, 2021
Sep. 30, 2021
Current Assets    
Cash and cash equivalents $ 32,188 $ 32,836
Restricted cash 526  
Accounts receivable (less allowance for doubtful accounts of $147 and $188 at December 31, 2021, and September 30, 2021, respectively) 25,204 22,502
Inventories 24,115 22,075
Income taxes receivable 4 1,046
Other current assets 2,721 2,407
Total current assets 84,758 80,866
Property, Plant and Equipment - Net 13,768 14,083
Right-of-Use Assets - Net 8,573 8,646
Intangible Assets - Net 833 858
Goodwill 11,168 11,168
Deferred Income Taxes - Net 671 631
Other Assets 624 661
Total Assets 120,395 116,913
Current Liabilities    
Accounts payable 10,227 8,229
Accrued compensation and related taxes 3,176 2,881
Accrued warranty expense 717 545
Other accrued liabilities 709 903
Current maturities of long-term debt 401 396
Current portion of long-term lease liability 550 531
Contract liabilities 4,446 1,624
Total current liabilities 20,226 15,109
Long-Term Debt 4,299 4,402
Long-Term Lease Liability 8,300 8,389
Income Taxes Payable 3,203 3,277
Other Long-Term Liabilities 40 102
Total Liabilities 36,068 31,279
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: 14,025,192 and 14,304,492 at December 31, 2021and September 30, 2021, respectively 140 143
Additional paid-in capital 124,430 126,380
Accumulated other comprehensive income 251 14
Retained deficit (40,494) (40,903)
Total Shareholders' Equity 84,327 85,634
Total Liabilities and Shareholders’ Equity $ 120,395 $ 116,913