Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Current Assets    
Cash and cash equivalents $ 27,897 $ 32,836
Restricted cash 524  
Accounts receivable (less allowance for doubtful accounts of $225 and $188 at March 31, 2022, and September 30, 2021, respectively) 30,782 22,502
Inventories 24,393 22,075
Income taxes receivable   1,046
Other current assets 3,440 2,407
Total current assets 87,036 80,866
Property, Plant and Equipment - Net 13,447 14,083
Right-of-Use Assets - Net 8,441 8,646
Intangible Assets - Net 808 858
Goodwill 11,168 11,168
Deferred Income Taxes - Net 671 631
Other Assets 618 661
Total Assets 122,189 116,913
Current Liabilities    
Accounts payable 9,635 8,229
Accrued compensation and related taxes 3,449 2,881
Accrued warranty expense 804 545
Other accrued liabilities 679 903
Current maturities of long-term debt 405 396
Current portion of long-term lease liability 563 531
Contract liabilities 5,576 1,624
Income taxes payable 294  
Total current liabilities 21,405 15,109
Long-Term Debt 4,195 4,402
Long-Term Lease Liability 8,175 8,389
Income Taxes Payable 3,208 3,277
Other Long-Term Liabilities 48 102
Total Liabilities 37,031 31,279
Commitments and Contingencies (Note 9)
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: 13,887,050 and 14,304,492 at March 31, 2022 and September 30, 2021, respectively 139 143
Additional paid-in capital 123,534 126,380
Accumulated other comprehensive income 353 14
Retained deficit (38,868) (40,903)
Total Shareholders' Equity 85,158 85,634
Total Liabilities and Shareholders’ Equity $ 122,189 $ 116,913