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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Basic and Diluted EPS | The following presents the calculation of the basic and diluted EPS for the years ended September 30, 2022 and 2021:
|  | 2022 |  |  | 2021 |
|  | Net Loss |  |  | Shares |  |  | EPS |  |  | Net Income |  |  | Shares |  |  | EPS |
Basic EPS |  | $ | (372,000 | ) |  |  | 14,658,000 |  |  | $ | (0.03 | ) |  | $ | 5,805,000 |  |  |  | 14,614,000 |  |  | $ | 0.40 |
Common stock equivalents |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 116,000 |  |  |  |  |
Diluted EPS |  | $ | (372,000 | ) |  |  | 14,658,000 |  |  | $ | (0.03 | ) |  | $ | 5,805,000 |  |  |  | 14,730,000 |  |  | $ | 0.39 |
Company's Assets Measured at Fair Value | The following table sets forth by level, within the fair value hierarchy, the Company’s assets measured at fair value as of September 30, 2022:
|  | Fair Value Measurements |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Equities |  | $ | 12,149,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,149,000 |
Mutual Funds |  |  | 5,337,000 |  |  |  | — |  |  |  | — |  |  |  | 5,337,000 |
Exchange-Traded Funds |  |  | 4,794,000 |  |  |  | — |  |  |  | — |  |  |  | 4,794,000 |
Corporate Bonds |  |  | — |  |  |  | 37,339,000 |  |  |  | — |  |  |  | 37,339,000 |
Government Securities |  |  | 29,327,000 |  |  |  | — |  |  |  | — |  |  |  | 29,327,000 |
Cash and Money Funds |  |  | 354,000 |  |  |  | — |  |  |  | — |  |  |  | 354,000 |
Total |  | $ | 51,961,000 |  |  | $ | 37,339,000 |  |  | $ | — |  |  | $ | 89,300,000 |
The following table sets forth by level, within the fair value hierarchy, the Company’s assets measured at fair value as of September 30, 2021:
|  | Fair Value Measurements |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Equities |  | $ | 14,734,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,734,000 |
Mutual Funds |  |  | 10,357,000 |  |  |  | — |  |  |  | — |  |  |  | 10,357,000 |
Exchange-Traded Funds |  |  | 9,458,000 |  |  |  | — |  |  |  | — |  |  |  | 9,458,000 |
Corporate Bonds |  |  | — |  |  |  | 24,853,000 |  |  |  | — |  |  |  | 24,853,000 |
Government Securities |  |  | 30,999,000 |  |  |  | — |  |  |  | — |  |  |  | 30,999,000 |
Cash and Money Funds |  |  | 4,575,000 |  |  |  | — |  |  |  | — |  |  |  | 4,575,000 |
Total |  | $ | 70,123,000 |  |  | $ | 24,853,000 |  |  | $ | — |  |  | $ | 94,976,000 |
Schedule of Changes in Allowance for Slow Moving and Obsolete Inventories | Changes in the allowance for slow-moving and obsolete inventories are as follows:
|  | 2022 |  |  | 2021 |
Balance, beginning of year |  | $ | 5,397,000 |  |  | $ | 4,617,000 |
Charged to cost of sales |  |  | 2,966,000 |  |  |  | 1,355,000 |
Disposal of inventory, net of recoveries |  |  | (171,000 | ) |  |  | (575,000 | )
Balance, end of year |  | $ | 8,192,000 |  |  | $ | 5,397,000 |
Estimated Useful Lives of Assets | Property and equipment are stated at cost (see Note 4). Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the related assets, as follows:
|  | Years
Land improvements |  | 15
Buildings & improvements |  | 6-40
Equipment |  | 2-10
Disaggregation of Company's Net Revenue by Major Source | The following table disaggregates the Company’s net revenue by major source for the years ended September 30, 2022 and 2021:
|  | 2022 |  |  | 2021 |
Equipment sales recognized over time |  | $ | 37,572,000 |  |  | $ | 24,093,000 |
Equipment sales recognized at a point in time |  |  | 36,898,000 |  |  |  | 36,671,000 |
Parts and component sales |  |  | 23,856,000 |  |  |  | 21,017,000 |
Freight revenue |  |  | 4,709,000 |  |  |  | 3,497,000 |
Other |  |  | 444,000 |  |  |  | — |
Net revenue |  | $ | 103,479,000 |  |  | $ | 85,278,000 |
Schedule of Changes in Accrual for Warranty and Related Costs | Changes in the accrual for warranty and related costs are composed of the following:
|  | 2022 |  |  | 2021 |
Balance, beginning of year |  | $ | 291,000 |  |  | $ | 299,000 |
Warranties issued |  |  | 110,000 |  |  |  | 280,000 |
Warranties settled |  |  | (157,000 | ) |  |  | (288,000 | )
Balance, end of year |  | $ | 244,000 |  |  | $ | 291,000 |
Schedule of Changes in Allowance for Doubtful Accounts | Changes in the allowance for doubtful acc o u nts are composed of the following:
|  | 2022 |  |  | 2021 |
Balance, beginning of year |  | $ | 321,000 |  |  | $ | 442,000 |
Provision for doubtful accounts |  |  | 194,000 |  |  |  | 50,000 |
Provision for estimated returns and allowances |  |  | 267,000 |  |  |  | 175,000 |
Uncollectible accounts written off |  |  | (81,000 | ) |  |  | (60,000 | )
Returns and allowances issued |  |  | (331,000 | ) |  |  | (286,000 | )
Balance, end of year |  | $ | 370,000 |  |  | $ | 321,000 |

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