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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Current assets:    
Cash and cash equivalents $ 3,934 $ 2,608
Restricted cash 1,912 334
Accounts receivable, net of allowances of $250, respectively 369 7,013
Unbilled revenue 3,177 2,488
Inventories, net of allowances of $3,647 and $3,476, respectively 5,808 5,922
Prepaid expenses and other assets 1,682 1,431
Total current assets 16,882 19,796
Property and equipment, at cost:    
Machinery and equipment 5,386 4,973
Leasehold improvements 899 813
Total property and equipment, at cost 6,285 5,786
Less: Accumulated depreciation (2,670) (2,293)
Net property and equipment 3,615 3,493
Right-of-use lease assets 2,239 2,730
Intangibles, net of accumulated amortization 948 1,107
Goodwill 58 58
Other assets 130 128
Total assets 23,872 27,312
Current liabilities:    
Accounts payable 8,093 7,044
Accrued expenses 1,449 1,581
Deferred revenue 225 168
Bank line of credit 0 2,050
Right-of-use lease obligations, current 1,196 1,198
Finance lease obligations, current 698 582
Other current liabilities 843 692
Total current liabilities 12,504 13,315
Right-of-use lease obligations, long-term 1,533 2,141
Finance lease obligations, long-term 1,499 1,429
Total liabilities 15,536 16,885
Shareholders’ equity:    
Common stock, $0.01 par value; 30,000,000 shares authorized; 13,189,112 and 12,610,229 shares issued and outstanding, respectively 132 126
Paid in capital 748 (578)
Retained earnings 7,456 10,879
Total shareholders’ equity 8,336 10,427
Total liabilities and shareholders’ equity $ 23,872 $ 27,312