Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Stockholders' Equity

v3.23.4
Consolidated Statement of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance, value at Oct. 03, 2021 $ 9 $ (69) $ 25,752 $ (9,978) $ 15,714
Balance, Shares at Oct. 03, 2021 8,523,704 35,555      
Stock Compensation Expense 162 162
Vested restricted stock units issued net of tax withholding (19) (19)
Vested Restricted Stock Units Issued Net of Tax Withholding, shares 23,216        
Common Stock Repurchase [1] $ (371) (371)
Common Stock Repurchase, shares [1]   190,954      
Cancellation of Treasury Shares [1] $ 440 (440)
Cancellation of Treasury Shares, shares [1] (226,509) (226,509)      
Tender Offer Stock Repurchase and Cancellation [2] $ (2) (4,359) (4,361)
Tender Offer Stock Repurchase and Cancellation, shares [2] (1,603,773)        
Net income 1,283 1,283
Balance, value at Oct. 02, 2022 $ 7 21,096 (8,695) 12,408
Balance, Shares at Oct. 02, 2022 6,716,638      
Stock Compensation Expense 247 247
Vested restricted stock units issued net of tax withholding (58) (58)
Vested Restricted Stock Units Issued Net of Tax Withholding, shares 46,432        
Net income 2,263 2,263
Restricted Shares Issued [3]
Restricted Board Shares Issued, shares [3] 40,000        
Forfeited Unvested Shares [4]
Restricted Board Shares Issued, shares [4] (40,000)        
Balance, value at Oct. 01, 2023 $ 7 $ 21,285 $ (6,432) $ 14,860
Balance, Shares at Oct. 01, 2023 6,763,070      
[1] Common shares repurchased in the open market during the twelve months ended October 2, 2022. Shares were held in treasury using the cost method. As of October 1, 2023, all of the treasury shares have been cancelled.
[2] Common shares repurchased pursuant to the tender offer that closed on September 15, 2022. Total tendered shares of 1,603,773 at $2.65, or $4.25 million, plus transaction costs of $111 thousand. Repurchased shares were immediately cancelled.
[3] Restricted and unvested shares issued to board member on May 9, 2023. Shares vest on 50% January 1, 2024 and 50% January 1, 2025.
[4] Unvested common restricted shares which were forfeited and cancelled in February 2023.