Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Sep. 30, 2022
Assets, Current [Abstract]    
Cash and cash equivalents $ 30,313,000 $ 16,650,000
Short-term investments 117,538,000 5,802,000
Accounts receivables, net 55,139,000 53,704,000
Inventories, net 89,705,000 82,208,000
Other current assets 1,450,000 1,758,000
Total current assets 294,145,000 160,122,000
Property, plant and equipment, net 19,730,000 18,229,000
Other Assets    
Long-term investments 10,293,000 22,747,000
Goodwill 6,545,000 6,402,000
Intangible assets, net 6,488,000 6,376,000
Right of use lease assets 12,638,000 13,256,000
Deferred tax asset 1,090,000 1,414,000
Other 868,000 582,000
Total other assets 37,922,000 50,777,000
Total Assets 351,797,000 229,128,000
Current Liabilities    
Current portion of lease liability 3,475,000 3,385,000
Accounts payable 18,366,000 24,118,000
Accrued compensation 6,867,000 13,619,000
Accrued expenses 12,436,000 6,181,000
Factoring liability 4,178,000 4,391,000
Total current liabilities 45,322,000 51,694,000
Other Liabilities    
Long-term debt 2,132,000 18,666,000
Long-term portion of lease liability 9,706,000 10,412,000
Deferred tax liability 756,000 774,000
Total liabilities 57,916,000 81,546,000
Shareholders’ Equity    
Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding 0 0
Common stock, authorized 50,000,000, $.01 par value; 15,218,428 and 13,818,452 shares issued and outstanding as of December 31, 2022 and September 30, 2022 152,000 138,000
Additional paid-in capital 185,404,000 54,539,000
Accumulated other comprehensive income 733,000 1,898,000
Retained earnings 109,058,000 94,803,000
Total shareholders’ equity 293,881,000 147,582,000
Total Liabilities and Shareholders’ Equity $ 351,797,000 $ 229,128,000