Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Current Assets    
Cash and cash equivalents $ 44,534 $ 46,874
Accounts receivable (less allowance for doubtful accounts of $147 and $114 at December 31, 2022 and September 30, 2022, respectively 21,785 25,013
Inventories 28,236 25,488
Other current assets 4,890 5,561
Total current assets 99,445 102,936
Property, Plant and Equipment - Net 6,451 6,552
Right-of-Use Assets - Net 10,832 11,258
Intangible Assets - Net 733 758
Goodwill 11,168 11,168
Deferred Income Taxes - Net 114 79
Other Assets 794 783
Total Assets 129,537 133,534
Current Liabilities    
Accounts payable 6,835 7,301
Accrued compensation and related taxes 2,923 4,109
Other accrued liabilities 2,722 1,771
Current maturities of finance lease liabilities and long-term debt 71 107
Current portion of long-term operating lease liabilities 2,134 2,101
Contract liabilities 6,955 7,231
Income taxes payable 19 6
Total current liabilities 21,659 22,626
Finance Lease Liabilities and Long-Term Debt 59 220
Long-Term Operating Lease Liabilities 8,937 9,395
Income Taxes Payable 2,551 2,849
Other Long-Term Liabilities 93 76
Total Liabilities 33,299 35,166
Commitments and Contingencies (Note 7)
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: 14,003,029 and 13,994,154 at December 31, 2022 and September 30, 2022, respectively 140 140
Additional paid-in capital 124,656 124,458
Accumulated other comprehensive income (loss) (1,351) (1,767)
Retained deficit (27,207) (24,463)
Total Shareholders' Equity 96,238 98,368
Total Liabilities and Shareholders’ Equity $ 129,537 $ 133,534