v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Income Statement [Abstract]        
Revenue $ 5,347 $ 6,124 $ 18,325 $ 15,451
Cost of Sales 4,274 4,628 13,829 11,846
Gross Margin 1,073 1,496 4,496 3,605
General and Administrative Expense 808 773 2,350 2,332
Operating Income 265 723 2,146 1,273
Gain (Loss) on Change in Fair Value of Warrants 81 4 (465) 2,010
Interest Expense (5) (4) (17) (16)
Other Income (Expense) 76 (482) 1,994
Income Before Taxes 341 723 1,664 3,267
Current Income Tax Expense (Benefit) (35) 137 236 144
Net income 376 586 1,428 3,123
Dividends declared on participating securities (178)
Deemed dividends on participating securities (124) (197) (471) (879)
Net income applicable to common shareholders $ 252 $ 389 $ 957 $ 2,066
Basic income per share $ 0.03 $ 0.05 $ 0.11 $ 0.24
Weighted Average Common Shares Outstanding - basic 8,398,314 8,586,662 8,372,918 8,517,069
Diluted income per share $ 0.03 $ 0.04 $ 0.11 $ 0.24
Weighted Average Common Shares Outstanding - diluted 9,649,660 8,818,426 9,114,055 8,750,068

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