v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Mar. 29, 2020
Mar. 31, 2019
Income Statement [Abstract]        
Revenue $ 6,947 $ 7,088 $ 12,833 $ 12,979
Cost of Sales 5,328 5,107 9,747 9,556
Gross Margin 1,619 1,981 3,086 3,423
General and Administrative Expense 838 799 1,587 1,542
Operating Income 781 1,182 1,499 1,881
Gain (Loss) on Change in Fair Value of Warrants 1,332 (1,932) 81 (547)
Interest Expense (6) (6) (11) (12)
Other Income (Expense) 1,326 (1,938) 70 (559)
Income (Loss) Before Taxes 2,107 (756) 1,569 1,322
Income Tax Expense, net 163 217 304 270
Net Income (Loss) 1,944 (973) 1,265 1,052
Deemed dividends on participating securities (633) (413) (348)
Net (loss) income applicable to common shareholders $ 1,311 $ (973) $ 852 $ 704
Basic income (loss) per share $ 0.15 $ (0.12) $ 0.1 $ 0.08
Weighted Average Common Shares Outstanding - basic 8,549,437 8,387,086 8,522,653 8,360,220
Diluted income (loss) per share $ 0.15 $ (0.12) $ 0.1 $ 0.08
Weighted Average Common Shares Outstanding - diluted 8,604,446 8,387,086 8,607,460 8,469,363

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