Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2023
Oct. 02, 2022
ASSETS    
Cash and Cash Equivalents $ 314 $ 934
Accounts Receivable, Net 2,870 2,908
Inventory, Net 12,282 9,212
Contract Asset 336
Prepaid Expenses 431 328
Current Assets 16,233 13,382
Property and Equipment, Net 1,083 968
Other Assets    
Deferred Tax Asset 762 942
Right-of-use Asset 2,863 [1] 3,222
Security Deposits 23 23
Other Assets 3,648 4,187
Total Assets 20,964 18,537
Current Liabilities    
Accounts Payable 1,609 706
Operating Lease Liability 616 604
Federal Income Taxes Payable 331
Accrued Expenses 969 958
Accrued Selling Expenses 336
Accrued Warranty Costs 241 169
Accrued Loss Reserves 133 289
Customer Advance Deposits 131 311
Current Liabilities 4,035 3,368
Other Liabilities    
Credit Facility 1,207
Operating Lease Liability, net of current portion 2,406 2,761
Total Other Liabilities 3,613 2,761
Total Liabilities 7,648 6,129
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 shares authorized, 6,763,070 and 6,716,638 shares issued and outstanding, respectively) 7 7
Additional Paid in Capital 21,172 21,096
Accumulated Deficit (7,863) (8,695)
Stockholders’ Equity 13,316 12,408
Total Liabilities and Stockholders’ Equity $ 20,964 $ 18,537
[1] Short-term and Long-term portion of Operating Lease Liability is $616 thousand and $2,406 thousand, respectively.