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Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2024
Income Tax Disclosure [Abstract] |
Provision for Income Tax Expense (Benefit) | The provision for income tax expense consisted of the following:
|  | Year Ended September 30, |
|  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | 4,718,000 |  |  | $ | 4,151,000 |
State |  |  | 335,000 |  |  |  | 279,000 |
Total current |  |  | 5,053,000 |  |  |  | 4,430,000 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | 609,000 |  |  |  | (328,000 | )
State |  |  | 510,000 |  |  |  | 8,000 |
Total deferred |  |  | 1,119,000 |  |  |  | (320,000 | )
Income tax expense |  | $ | 6,172,000 |  |  | $ | 4,110,000 |
Reconciliation of the Federal Statutory Tax Rate to the Total Tax Provision (Benefit) | A reconciliation of the federal statutory tax rate to the total tax provision is as follows:
|  | Year Ended September 30, |
|  | 2024 |  |  | 2023 |
Federal income taxes computed at the statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes, net of federal benefit |  |  | 1.2 | % |  |  | 1.4 | %
Unrecognized tax benefits |  |  | 5.8 | % |  |  | — |
Other, net |  |  | 1.8 | % |  |  | (0.5 | %)
Effective income tax rate |  |  | 29.8 | % |  |  | 21.9 | %
Deferred Income Tax Assets and Liabilities | Deferred income tax assets and liabilities as of September 30, 2024 and 2023 consisted of the following:
|  | September 30, |
|  | 2024 |  |  | 2023 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Accrued liabilities and reserves |  | $ | 494,000 |  |  | $ | 352,000 |
Allowance for credit losses |  |  | 86,000 |  |  |  | 123,000 |
Inventory |  |  | 4,700,000 |  |  |  | 3,901,000 |
Unrealized loss on investments |  |  | — |  |  |  | 554,000 |
Net operating losses carryforwards |  |  | 20,000 |  |  |  | 331,000 |
Gross Deferred Income Tax Assets |  |  | 5,300,000 |  |  |  | 5,261,000 |
Deferred and Other Tax Liabilities: |  |  |  |  |  |  |  |
Unrealized gain on investments |  |  | (233,000 | ) |  |  | — |
Property and equipment |  |  | (1,643,000 | ) |  |  | (1,918,000 | )
Gross Deferred and Other Income Tax Liabilities |  |  | (1,876,000 | ) |  |  | (1,918,000 | )
Net Deferred and Other Income Tax Assets |  | $ | 3,424,000 |  |  | $ | 3,343,000 |
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of our unrecognized tax benefits for the year ended September 30, 2024 is as follows:
|  | 2024 |
Balance, beginning of year |  | $ | 176,000 |
Additions based on tax positions related to the current year |  |  | 454,000 |
Additions based on tax positions of prior years |  |  | 746,000 |
Balance, end of year |  | $ | 1,376,000 |

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