Quarterly report [Sections 13 or 15(d)]

Note 13 - Assets Held for Sale and Discontinued Operations (Tables)

v3.25.4
Note 13 - Assets Held for Sale and Discontinued Operations (Tables)
3 Months Ended
Dec. 31, 2025
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]

(in thousands)

 

Three Months Ended December 31, 2025

   

Three Months Ended December 31, 2024

 

Net sales

  $ 4,012     $ 5,778  

Cost of sales

    3,685       6,271  

Gross profit (loss)

    327       (493 )
                 

Selling, general and administrative expenses

    574       1,437  

Operating loss

    (247 )     (1,930 )
                 

Interest expense

    (108 )     (100 )
                 

Loss from discontinued operations before income taxes

    (355 )     (2,030 )

Income tax benefit

    (18 )     (479 )

Loss from discontinued operations, net of tax

  $ (337 )   $ (1,551 )

(in thousands)

 

December 31, 2025

   

September 30, 2025

 

Cash and cash equivalents

  $ -     $ 942  

Accounts receivable, net

    -       8,094  

Inventories, net

    -       11,591  

Other current assets

    -       710  

Current assets held for sale

  $ -     $ 21,337  

Property, plant and equipment, net

  $ -     $ 2,953  

Intangible assets, net

    -       521  

Right-of-use lease assets

    -       2,842  

Other non-current assets

    -       (1,488 )

Non-current assets held for sale

  $ -     $ 4,828  

Current portion of lease liability

  $ -     $ 1,342  

Current maturities of long-term debt

    -       2,347  

Accounts payable

    -       3,390  

Accrued compensation

    -       2,265  

Factoring liability

    -       6,260  

Other current liabilities

    -       2,353  

Current liabilities held for sale

  $ -     $ 17,957  

Long-term portion of lease liability

  $ -     $ 7,468  

Other non-current liabilities

    -       5  

Non-current liabilities held for sale

  $ -     $ 7,473