Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2023
Sep. 30, 2023
Current Assets    
Cash and cash equivalents $ 34,484,000 $ 37,827,000
Short-term investments 128,352,000 130,286,000
Accounts receivables, net 17,363,000 28,392,000
Inventories, net 94,613,000 98,055,000
Other current assets 1,806,000 1,695,000
Total current assets 276,618,000 296,255,000
Property, plant and equipment, net 22,870,000 21,527,000
Other Assets    
Long-term investments 6,505,000 6,343,000
Goodwill 6,615,000 6,528,000
Intangible assets, net 5,982,000 6,092,000
Right-of-use lease assets 13,297,000 13,861,000
Deferred tax asset 2,754,000 3,039,000
Other 988,000 1,872,000
Total other assets 36,141,000 37,735,000
Total Assets 335,629,000 355,517,000
Current Liabilities    
Current portion of lease liability 3,811,000 3,737,000
Current maturities of long-term debt 2,214,000 2,112,000
Accounts payable 7,368,000 8,891,000
Accrued compensation 5,279,000 5,571,000
Accrued expenses 2,750,000 2,404,000
Factoring liability 3,532,000 6,289,000
Total current liabilities 24,954,000 29,004,000
Other Liabilities    
Long-term portion of lease liability 9,973,000 10,629,000
Deferred tax liability 607,000 721,000
Total liabilities 35,534,000 40,354,000
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; 14,939,671 and 15,254,725 shares issued and outstanding as of December 31, 2023 and Septembe 30, 2023, respectively 149,000 153,000
Additional paid-in capital 177,322,000 188,218,000
Accumulated other comprehensive loss (476,000) 544,000
Retained earnings 122,148,000 127,336,000
Total shareholders’ equity 300,095,000 315,163,000
Total Liabilities and Shareholders’ Equity $ 335,629,000 $ 355,517,000