Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Stockholders' Equity

v3.20.2
Consolidated Statement of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock [Member]
Treasury Stock [Member]
Additional Paid in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance at Sep. 30, 2018 $ 8 $ 25,938 $ (19,602) $ 6,344
Beginning balance, shares at Sep. 30, 2018 8,333,353      
Stock Compensation Expense 84 84
Vested restricted stock units issued net of tax withholding (37)   (37)
Vested restricted stock units issued net of tax withholding, shares 55,565        
Exercise of Warrants for Common Shares at $1.50 [1] 120 120
Exercise of Warrants for Common Shares at $1.50, shares [1] 47,504      
Net income 1,428 1,428
Ending balance at Jun. 30, 2019 $ 8 26,105 (18,174) 7,939
Ending balance, shares at Jun. 30, 2019 8,436,422      
Beginning balance at Mar. 31, 2019 $ 8 25,959 (18,550) 7,417
Beginning balance, shares at Mar. 31, 2019 8,388,918      
Stock Compensation Expense 26 26
Exercise of Warrants for Common Shares at $1.50 [1] 120 120
Exercise of Warrants for Common Shares at $1.50, shares [1] 47,504      
Net income 376 376
Ending balance at Jun. 30, 2019 $ 8 26,105 (18,174) 7,939
Ending balance, shares at Jun. 30, 2019 8,436,422      
Beginning balance at Sep. 29, 2019 $ 8 26,134 (13,934) 12,208
Beginning balance, shares at Sep. 29, 2019 8,436,422      
Stock Compensation Expense 120  
Vested restricted stock units issued net of tax withholding (54)  
Vested restricted stock units issued net of tax withholding, shares 59,447        
Restricted Board Shares Issued [2] $ 1 (1)  
Restricted Board Shares Issued, shares [2] 300,000      
Common Stock Repurchase [3] $ (64) $ (64)
Common Stock Repurchase, shares [3] 34,243 [3]     34,243
Net income 1,170 $ 1,170
Ending balance at Jun. 28, 2020 $ 9 $ (64) 26,199 (12,764) 13,380
Ending balance, shares at Jun. 28, 2020 8,795,869 34,243      
Beginning balance at Mar. 29, 2020 $ 8 26,137 (12,669) 13,476
Beginning balance, shares at Mar. 29, 2020 8,495,869      
Stock Compensation Expense 63 63
Restricted Board Shares Issued [2] $ 1 (1)
Restricted Board Shares Issued, shares [2] 300,000      
Common Stock Repurchase [3] $ (64) $ (64)
Common Stock Repurchase, shares [3] 34,243 [3]     34,243
Net income (95) $ (95)
Ending balance at Jun. 28, 2020 $ 9 $ (64) $ 26,199 $ (12,764) $ 13,380
Ending balance, shares at Jun. 28, 2020 8,795,869 34,243      
[1] Exercise of warrants for gross proceeds of $72 thousand and a warranty liability fair market value of $48 thousand as of the exercise date.
[2] 100,000 restricted common shares issued to each of the Independent Board of Directors (Rimmy Malhotra, Dale Lehman, Larry Hagenbuch) on April 30, 2020 with 20% vesting as of each January 1 each year over a five-year period. The value of the shares at issue date is $525,000 for 300,000 shares to be amortized over the vesting period.
[3] Common shares repurchased in the open market between June 11, 2020 and June 26, 2020 for $64 thousand and held in treasury stock using the cost method.