Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Oct. 01, 2023
ASSETS    
Cash and Cash Equivalents $ 2,373 $ 1,204
Accounts Receivable, Net 2,430 3,624
Inventory, Net 12,685 12,153
Contract Asset 258 336
Prepaid Expenses 154 219
Current Assets 17,900 17,536
Property and Equipment, Net 964 998
Other Assets    
Deferred Tax Asset 887 922
Right-of-use Asset 2,615 [1] 2,740
Security Deposits 23 23
Other Assets 3,525 3,685
Total Assets 22,389 22,219
Current Liabilities    
Accounts Payable 1,796 810
Operating Lease Liability 625 620
Federal Income Taxes Payable 326 247
Accrued Expenses 992 1,265
Accrued Selling Expense 280 336
Accrued Warranty Costs 48 75
Contract Loss Reserves 308 243
Customer Advance Deposits 481 481
Current Liabilities 4,856 4,077
Other Liabilities    
Credit Facility 1,000
Operating Lease Liability, net of current portion 2,156 2,282
Other Liabilities 2,156 3,282
Total Liabilities 7,012 7,359
Commitments and Contingencies  
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 authorized, 6,823,693 and 6,763,070 shares issued and outstanding, respectively) 7 7
Additional Paid in Capital 21,371 21,285
Accumulated Deficit (6,001) (6,432)
Stockholders’ Equity 15,377 14,860
Total Liabilities and Stockholders’ Equity $ 22,389 $ 22,219
[1] Short-term and Long-term portion of Operating Lease Liability is $625 thousand and $2,156 thousand, respectively.