Inventories

12 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories, which are all within the Telco segment, at September 30, 2021 and 2020 are as follows, in thousands:

	2021		2020
New equipment	$	1,295	$	1,311
Refurbished and used equipment	8,103		7,319
Allowance for excess and obsolete inventory:	(3,476)		(3,054)
Total inventories, net	$	5,922	$	5,576

New equipment includes products purchased from manufacturers plus “surplus-new”, which are unused products purchased from other distributors or multiple system operators.  Refurbished and used equipment includes factory refurbished, Company refurbished and used products. Generally, the Company does not refurbish its used inventory until there is a sale of that product or to keep a certain quantity on hand.

In the years ended September 30, 2021 and 2020, the Telco segment identified certain inventory that more than likely will not be sold or that the cost will not be recovered when it is processed through its recycling program.  The Telco segment recorded inventory obsolescence charges of $0.4 million and $1.8 million for the years ended

September 30, 2021 and 2020, respectively and the Company has a $3.5 million allowance at September 30, 2021. The Company also reviewed the cost of inventories against estimated net realizable value and recorded a lower of cost or net realizable value charge of $0.1 million for the years ended September 30, 2021 and 2020, for inventories that have a cost in excess of estimated net realizable value.