Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 01, 2023
Oct. 02, 2022
ASSETS    
Cash and Cash Equivalents $ 1,204 $ 934
Accounts Receivable, Net 3,624 2,908
Inventory, Net 12,153 9,212
Contract Asset 336
Prepaid Expenses 219 328
Current Assets 17,536 13,382
Property and Equipment, Net 998 968
Other Assets    
Deferred Tax Asset 922 942
Right-of-use Asset 2,740 [1] 3,222
Security Deposits 23 23
Other Assets 3,685 4,187
Total Assets 22,219 18,537
Current Liabilities    
Accounts Payable 810 706
Operating Lease Liability 620 604
Federal Income Taxes Payable 247 331
Accrued Expenses 1,265 958
Accrued Selling Expense 336
Accrued Warranty Costs 75 169
Contract Loss Reserves 243 289
Customer Advance Deposits 481 311
Current Liabilities 4,077 3,368
Other Liabilities    
Credit Facility 1,000
Operating Lease Liability, net of current portion 2,282 2,761
Other Liabilities 3,282 2,761
Total Liabilities 7,359 6,129
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 authorized, 6,763,070 and 6,716,638 shares issued and outstanding, respectively) 7 7
Additional Paid in Capital 21,285 21,096
Accumulated Deficit (6,432) (8,695)
Stockholders’ Equity 14,860 12,408
Total Liabilities and Stockholders’ Equity $ 22,219 $ 18,537
[1] Short-term and Long-term portion of Operating Lease Liability is $620 thousand and $2,282 thousand, respectively.