Annual report pursuant to Section 13 and 15(d)

Accounting Policies (Tables)

Accounting Policies (Tables)

12 Months Ended

Sep. 29, 2019

As of September 29, 2019 and September 30, 2018 inventory included:

	(Thousands)
	As of September 29, 2019			As of September 30, 2018
Raw Materials	$	7,395		$	5,580
Work in Process		3,599			3,478
Finished Goods		254			254
Gross Inventory		11,248			9,312
Less: Inventory Reserves		(713	)		(1,673	)
Net Inventory	$	10,535		$	7,639

Schedule of Warranty Reserves

The table below summarizes the warranty expenses and incurred warranty costs for the twelve months ended September 29, 2019 and September 30, 2018.

	Years ended
	2019			2018
Beginning balance	$	101		$	174

Incurred costs for warranties satisfied during the period		(115	)		(346	)

Warranty Expenses:
Warranties reserved for new product shipped during the period⁽¹⁾		86			175
Change in estimate for pre-existing warranty liabilities ⁽²⁾		(26	)		98
Warranty Expense		60			273

Ending balance	$	46		$	101

(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.