Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Oct. 01, 2023
ASSETS    
Cash and Cash Equivalents $ 321 $ 1,204
Accounts Receivable, Net 3,680 3,624
Inventory, Net 13,683 12,153
Contract Asset 250 336
Prepaid Expenses 404 219
Current Assets 18,338 17,536
Property and Equipment, Net 983 998
Other Assets    
Deferred Tax Asset 875 922
Intangible Assets 1,089
Right-of-use Asset 2,490 [1] 2,740
Security Deposits 23 23
Other Assets 4,477 3,685
Total Assets 23,798 22,219
Current Liabilities    
Accounts Payable 2,049 810
Operating Lease Liability 630 620
Federal Income Taxes Payable 247
Accrued Expenses 1,089 1,265
Accrued Selling Expense 258 336
Accrued Warranty Costs 69 75
Contract Loss Reserves 150 243
Customer Advance Deposits 481 481
Current Liabilities 4,726 4,077
Other Liabilities    
Credit Facility 500 1,000
Operating Lease Liability, net of current portion 2,027 2,282
Fair Value of Contingent Liability 86
Other Liabilities 2,613 3,282
Total Liabilities 7,339 7,359
Commitments and Contingencies
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 authorized, 6,844,362 and 6,763,070 shares issued and outstanding, respectively) 7 7
Additional Paid in Capital 21,391 21,285
Accumulated Deficit (4,939) (6,432)
Stockholders’ Equity 16,459 14,860
Total Liabilities and Stockholders’ Equity $ 23,798 $ 22,219
[1] Short-term and Long-term portion of Operating Lease Liability is $630 thousand and $2,027 thousand, respectively.