Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

Accounting Policies (Tables)

6 Months Ended

Mar. 28, 2021

As of March 28, 2021, and September 27, 2020, inventory included:

	(Thousands)
	March 28, 2021			September 27, 2020
Raw Material	$	4,855		$	5,506
Work in Process		3,974			3,214
Finished Goods		731			638
Gross Inventory	$	9,560		$	9,358
Less: Inventory Reserves		(567	)		(567	)
Net Inventory	$	8,993		$	8,791

Schedule of Warranty Reserves

As of March 28, 2021, and September 27, 2020, the Company had warranty reserve balances of $63 thousand and $83 thousand, respectively.

	Three months ended						Six months ended
	March 28, 2021			March 29, 2020			March 28, 2021			March 29, 2020
Beginning balance	$	49		$	75		$	83		$	46

Incurred costs for warranties satisfied during the period		(25	)					(68	)		-

Warranty Expenses:
Warranties reserved for new product shipped during the period⁽¹⁾		5			36			9			56
Change in estimate for pre-existing warranty liabilities ⁽²⁾		34			(6	)		39			3
Warranty Expense		39			30			48			59

Ending balance	$	63		$	105		$	63		$	105

(1) Warranty expenses accrued to cost of sales (based on current period shipments and historical warranty return rate.

(2) Changes in estimated warranty liabilities for associated with the period end customer returned warranty backlog or repaired/replaced warranty units which were shipped to the customer during the period.