Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.24.0.1
Accounting Policies (Tables)
 3 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Inventory

 

                 
    (Thousands)  
    December 31, 2023     October 1, 2023  
Raw Material   $ 8,483     $ 8,211  
Work in Process     4,628       4,460  
Finished Goods     581       489  
Gross Inventory   $ 13,692     $ 13,160  
Less: Inventory Reserves     (1,007 )     (1,007 )
Net Inventory   $ 12,685     $ 12,153  
Schedule of Warranty Reserves

                 
    Three months ended  
    December 31, 2023     January 1, 2023  
Beginning balance   $ 75     $ 169  
                 
Incurred costs for warranties satisfied during the period     (32 )     -  
                 
Warranty Expenses:                
Warranties reserved for new product shipped during the period(1)     52       60  
Change in estimate for pre-existing warranty liabilities(2)     (47 )     -  
Warranty Expense     5       60  
                 
Ending balance   $ 48     $ 229  

 

(1) Warranty expenses accrued to cost of sales (based on current period shipments and historical warranty return rate.)
   
(2) Changes in estimated warranty liabilities recognized in cost of sales associated with: the period end customer returned warranty backlog, or the actual costs of repaired/replaced warranty units which were shipped to the customer during the current period.