Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 30, 2025
Sep. 29, 2024
ASSETS    
Cash and Cash Equivalents $ 3,531 $ 1,009
Accounts Receivable, Net 4,238 3,764
Inventory, Net 13,922 14,863
Contract Asset 183 219
Prepaid Expenses 406 217
Current Assets 22,280 20,072
Property and Equipment, Net 1,568 1,292
Other Assets    
Deferred Tax Asset 752 947
Intangible Assets, Net 884 951
Right-of-use Asset 1,970 [1] 2,233
Security Deposits 23 23
Other Assets 3,629 4,154
Total Assets 27,477 25,518
Current Liabilities    
Accounts Payable 1,728 1,177
Credit Facility 1,000
Operating Lease Liability 644 638
Federal Income Taxes Payable 74
Accrued Expenses 1,310 1,258
Accrued Selling Expense 224 237
Accrued Warranty Costs 106 52
Contract Loss Reserves 226 259
Customer Advance Deposits 168 255
Current Liabilities 4,406 4,950
Other Liabilities    
Operating Lease Liability, net of current portion 1,487 1,760
Other Liabilities 1,487 1,760
Total Liabilities 5,893 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 21,629 21,465
Accumulated Deficit (52) (2,664)
Stockholders’ Equity 21,584 18,808
Total Liabilities and Stockholders’ Equity $ 27,477 $ 25,518
[1] Includes $161 thousand of unamortized deferred rent.