Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Sep. 30, 2022
Current Assets    
Cash and cash equivalents $ 37,827,000 $ 16,650,000
Short-term investments 130,286,000 5,802,000
Accounts receivables, net 28,392,000 53,704,000
Inventories, net 98,055,000 82,208,000
Other current assets 1,695,000 1,758,000
Total current assets 296,255,000 160,122,000
Property, plant and equipment, net 21,527,000 18,229,000
Other Assets    
Long-term investments 6,343,000 22,747,000
Goodwill 6,528,000 6,402,000
Intangible assets, net 6,092,000 6,376,000
Right-of-use lease assets 13,861,000 13,256,000
Deferred tax asset 3,039,000 1,414,000
Other 1,872,000 582,000
Total other assets 37,735,000 50,777,000
Total Assets 355,517,000 229,128,000
Current Liabilities    
Current portion of lease liability 3,737,000 3,385,000
Debt 2,112,000 0
Accounts payable 8,891,000 24,118,000
Accrued compensation 5,571,000 13,619,000
Accrued expenses 2,404,000 6,181,000
Factoring liability 6,289,000 4,391,000
Total current liabilities 29,004,000 51,694,000
Other Liabilities    
Long-term debt 0 18,666,000
Long-term portion of lease liability 10,629,000 10,412,000
Deferred tax liability 721,000 774,000
Total liabilities 40,354,000 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; 15,254,725 and 13,818,452 shares issued and outstanding as of September 30, 2023 and 2022, respectively 153,000 138,000
Additional paid-in capital 188,218,000 54,539,000
Accumulated other comprehensive loss 544,000 1,898,000
Retained earnings 127,336,000 94,803,000
Total shareholders’ equity 315,163,000 147,582,000
Total Liabilities and Shareholders’ Equity $ 355,517,000 $ 229,128,000