Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
Note 13 - Assets Held for Sale and Discontinued Operations (Tables)
6 Months Ended
Mar. 31, 2026
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   

Three Months Ended

March 31,

   

Six Months Ended

March 31,

 

(in thousands)

 

2026

   

2025

   

2026

   

2025

 

Net sales

  $ -     $ 6,547     $ 4,012     $ 12,325  

Cost of sales

    -       6,316       3,685       12,587  

Gross profit (loss)

    -       231       327       (262 )
                                 

Selling, general and administrative expenses

    -       1,651       574       3,087  

Operating loss

    -       (1,420 )     (247 )     (3,349 )
                                 

Interest expense

    -       (68 )     (108 )     (169 )
                                 

Loss from discontinued operations before income taxes

    -       (1,488 )     (355 )     (3,518 )

Income tax benefit

    -       (267 )     (18 )     (746 )

Loss from discontinued operations, net of tax

  $ -     $ (1,221 )   $ (337 )   $ (2,772 )

(in thousands)

 

March 31, 2026

   

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