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v3.22.2.2

Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2022
Income Taxes |
Schedule of Components of Income Tax Expense (Benefit) | The components of income before income tax expense, income tax expense (benefit), and deferred income tax are comprised of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended
​ | ​ | September 30,
​ |  | 2022 |  | 2021
​ | ​ | (Amounts in thousands)
Income (loss) before income tax expense1 | ​ | ​ | ​ | ​ | ​ | ​
U.S. | ​ | $ | 417 |  | $ | 1,316
Foreign | ​ |  | 1,522 |  |  | (173)
​ | ​ | $ | 1,939 |  | $ | 1,143
Income tax expense (benefit): | ​ | ​ | ​ |  | ​ | ​
Current: | ​ | ​ | ​ |  | ​ | ​
Federal | ​ | $ | — |  | $ | (674)
State | ​ |  | 50 |  |  | (30)
​ | ​ | $ | 50 |  | $ | (704)
Deferred: | ​ | ​ | ​ |  | ​ | ​
Federal | ​ | $ | — |  | $ | 1,148
​ | ​ | ​ | ​ | ​ | ​ | ​
Total income tax expense | ​ | $ | 50 |  | $ | 444
​ 1 FY 2021 consists of $678 thousand from continuing operations and $465 thousand from discontinued operations totaling $1,143 thousand.
Schedule of Effective Income Tax Rate Reconciliation | The effective income tax rate differed from the statutory federal income tax rate due to the following:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended September 30, |
​ | ​ | 2022 | ​ | 2021 |
​ | ​ | (Dollar amounts in thousands) |
Computed “expected” tax expense |  | $ | 407 |  | 21.0 | % | $ | 240 |  | 21.0 | %
Increases (reductions) in taxes resulting from: | ​ |  |  |  |  | ​ |  |  |  |  | ​
State income taxes, net of federal tax benefit | ​ |  | 27 |  | 1.5 | % |  | (38) |  | (3.3) | %
Foreign rate differential | ​ |  | (30) |  | (1.5) | % |  | 13 |  | 1.1 | %
Exclusion of PPP Loan Forgiveness Income | ​ | ​ | — | ​ | — | % | ​ | (458) | ​ | (40.1) | %
Exclusion of the UK's Gain on Sale of Disc Ops Entity | ​ | ​ | — | ​ | — | % | ​ | (98) | ​ | (8.6) | %
Permanent differences | ​ |  | (19) |  | (1.0) | % |  | (22) |  | (1.9) | %
Change in valuation allowance | ​ |  | (226) |  | (11.5) | % |  | 1,598 |  | 139.8 | %
Research and development credit | ​ |  | (131) |  | (6.8) | % |  | (116) |  | (10.1) | %
Benefit of US Federal NOL carryback | ​ | ​ | — | ​ | — | % | ​ | (359) | ​ | (31.4) | %
Return to Provision Adjustments | ​ | ​ | 14 | ​ | 0.7 | % | ​ | (394) | ​ | (34.5) | %
Other items | ​ |  | 8 |  | 0.2 | % |  | 78 |  | 6.8 | %
Income tax expense | ​ | $ | 50 |  | 2.6 | % | $ | 444 |  | 38.8 | %
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company's net deferred tax assets and liabilities as of September 30, 2022 and 2021 are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | September 30,
​ |  | 2022 |  | 2021
​ | ​ | (Amounts in thousands)
Deferred tax assets: | ​ |  | ​ | ​ |  | ​
Pension | ​ | $ | 373 | ​ | $ | 1,006
Intangibles | ​ |  | 29 | ​ |  | 61
Other reserves and accruals | ​ |  | 596 | ​ |  | 628
Inventory reserves and other | ​ |  | 244 | ​ |  | 232
Federal and state tax credits | ​ |  | 1,273 | ​ |  | 1,141
Federal and state net operating loss carryforwards | ​ |  | 151 | ​ |  | 123
Foreign net operating loss carryforwards | ​ |  | 2,693 | ​ |  | 2,333
Gross deferred tax assets | ​ | ​ | 5,359 | ​ | ​ | 5,524
Less: valuation allowance | ​ |  | (5,029) | ​ |  | (5,334)
Realizable deferred tax asset | ​ | $ | 330 | ​ | $ | 190
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | (121) | ​ | $ | (190)
Pension | ​ | ​ | (209) | ​ | ​ | —
Realizable deferred tax liabilities | ​ | $ | (330) | ​ | $ | (190)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets | ​ | $ | — | ​ | $ | —
Schedule of Unrecognized Tax Benefits Roll Forward | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Year Ended |  | For the Year Ended
​ | ​ | September 30, 2022 | ​ | September 30, 2021
​ | ​ | (Amounts in thousands)
Balance, beginning of year | ​ | $ | 433 | ​ | $ | 343
Additions for tax positions of current year | ​ |  | 68 | ​ | ​ | 60
Additions for tax positions of prior years | ​ |  | 1 | ​ | ​ | 30
Balance, end of period | ​ | $ | 502 | ​ | $ | 433

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