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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net income $ 3,796 $ 474
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 258 250
Amortization of intangibles 11 9
Loss on sale of fixed assets, net 0 15
Foreign exchange loss (gain) 709 (777)
Provision for losses (recoveries) on accounts receivable 34 (27)
Provision for obsolete inventory 103 17
Amortization of lease right-of-use assets 451 478
Stock-based compensation expense on stock options and restricted stock awards 832 726
Deferred income taxes (2,053) 0
Decrease in cash surrender value of life insurance (96) (1,189)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (569) 50
Decrease (increase) in inventories 89 (1,643)
Decrease in refundable income taxes 906 530
Increase in operating lease right-of-use assets (393) (63)
Decrease (increase) in other assets 2,609 (860)
Decrease in investment in lease 1 50
(Increase) decrease in long-term receivable (950) 2,178
Decrease in accounts payable and accrued expenses (8,393) (322)
Decrease in interest payable (94) (71)
Decrease in operating lease liabilities (67) (420)
(Decrease) increase in deferred revenue (561) 2,775
Decrease in pension and retirement plans liabilities (350) (226)
Decrease in other long-term liabilities (1,221) (1,734)
Net cash (used in) provided by operating activities (4,948) 220
Investing activities    
Life insurance premiums paid (64) (70)
Purchase of held-to-maturity investments (3,533) 0
Proceeds from maturities of held-to-maturity investments 1,182 0
Proceeds from corporate life insurance owned policy 0 322
Proceeds from sales of property, equipment, and improvements 0 2
Additions of intangible assets (51) 0
Purchases of property, equipment and improvements (215) (223)
Net cash (used in) provided by investing activities (2,681) 31
Financing activities    
Dividends paid (466) 0
Net borrowing under line-of-credit agreement (1,816) 2,058
Repayments on notes payable (406) (647)
Principal payments on finance leases (4) (35)
Purchase of common stock (6) (151)
Proceeds from issuance of shares under equity compensation plans 98 90
Net cash (used in) provided by financing activities (2,600) 1,315
Effects of exchange rate on cash, net 95 (158)
Net (decrease) increase in cash and cash equivalents (10,134) 1,408
Cash and cash equivalents beginning of year 23,982 20,007
Cash and cash equivalents end of year 13,848 21,415
Supplementary cash flow information:    
Cash paid (received) for income taxes 42 (233)
Cash paid for interest 308 184
Supplementary non-cash financing activities:    
Obtaining a right-of-use asset in exchange for a lease liability 392 23
Customer financing for inventory sold (see Note 6 Accounts and Long-Term Receivable for details) $ 5,436 $ 1,232