Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Cash Flows from Operating Activities:    
Net Income $ 1,283 $ 2,131
Adjustments to Reconcile Net Income to Net Cash provided by Operating Activities:    
Depreciation 307 263
Gain on Change in Fair Value of Warrants (2,535)
Stock Compensation Expense 162 228
Change in Deferred Tax Asset 346 (60)
Accounts Receivable 254 (230)
Bad Debt Expense 21
Inventory (1,629) 1,208
Prepaid Expenses (66) (33)
Leases 80 24
Accounts Payable and Accrued Expenses 313 (561)
Federal Income Taxes Payable 331
Accrued Warranty Costs 91 (4)
Customer Advance Deposits 311 (1)
Increase In Accrued Estimated Loss On Contracts 238 51
Total Adjustments 759 (1,650)
Net Cash provided by Operating Activities 2,042 481
Cash Flows used in Investing Activities    
Purchases of Property and Equipment (257) (274)
Net Cash used in Investing Activities (257) (274)
Cash Flows used in Financing Activities    
Cash Paid for Taxes Withheld On Net Settled Restricted Stock Unit Share Issue (19) (44)
Payments to Credit Facility (377)
Proceeds from Warrant Exercise 283
Common Stock Repurchases (4,732) (869)
Net Cash used in Financing Activities (4,751) (1,007)
Net Decrease in Cash and Cash Equivalents (2,966) (800)
Cash and Cash Equivalents at Beginning of Year 3,900 4,700
Cash and Cash Equivalents at End of Year 934 3,900
Non Cash Transactions:    
Right-of-Use Asset 51 3,688
Operating Lease Liabilities (51) (3,688)
Treasury stock retired 4,801 1,000
Cash Transactions:    
Cash (Refund) Paid for Taxes (312) 48
Cash Paid for Interest $ 11