Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.25.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 29, 2024
Sep. 29, 2024
ASSETS    
Cash and Cash Equivalents $ 2,491 $ 1,009
Accounts Receivable, Net 1,734 3,764
Inventory, Net 14,674 14,863
Contract Asset 196 219
Prepaid Expenses 265 217
Current Assets 19,360 20,072
Property and Equipment, Net 1,520 1,292
Other Assets    
Deferred Tax Asset 888 947
Intangibles, net 912 951
Right-of-use Asset 2,103 [1] 2,233
Security Deposits 23 23
Other Assets 3,926 4,154
Total Assets 24,806 25,518
Current Liabilities    
Accounts Payable 987 1,177
Credit Facility 1,000
Operating Lease Liability 643 638
Federal Income Taxes Payable 74 74
Accrued Expenses 1,065 1,258
Accrued Selling Expense 224 237
Accrued Warranty Costs 22 52
Contract Loss Reserves 213 259
Customer Advance Deposits 210 255
Current Liabilities 3,438 4,950
Other Liabilities    
Operating Lease Liability, net of current portion 1,624 1,760
Other Liabilities 1,624 1,760
Total Liabilities 5,062 6,710
Commitments and Contingencies
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 authorized, 6,896,738 and 6,873,938 shares issued and outstanding, respectively) 7 7
Additional Paid in Capital 21,557 21,465
Accumulated Deficit (1,820) (2,664)
Stockholders’ Equity 19,744 18,808
Total Liabilities and Stockholders’ Equity $ 24,806 $ 25,518
[1] Short-term and Long-term portion of Operating Lease Liability is $643 thousand and $1,624 thousand, respectively.