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Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2023
Income Taxes |
Schedule of Components of Income Tax Expense (Benefit) | The components of income (loss) before income tax (benefit) expense and income tax (benefit) expense are comprised of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended
​ | ​ | September 30,
​ |  | 2023 |  | 2022
​ | ​ | (Amounts in thousands)
Income (loss) before income tax expense | ​ | ​ | ​ | ​ | ​ | ​
U.S. | ​ | $ | 5,202 |  | $ | 417
Foreign | ​ |  | (467) |  |  | 1,522
​ | ​ | $ | 4,735 |  | $ | 1,939
Income tax expense: | ​ | ​ | ​ |  | ​ | ​
Current: | ​ | ​ | ​ |  | ​ | ​
Federal | ​ | $ | 1,551 |  | $ | —
State | ​ |  | 326 |  |  | 50
​ | ​ | $ | 1,877 |  | $ | 50
Deferred: | ​ | ​ | ​ |  | ​ | ​
Federal | ​ | $ | (1,971) |  | $ | —
State | ​ |  | (375) |  |  | —
​ | ​ |  | (2,346) |  |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Total income tax (benefit) expense | ​ | $ | (469) |  | $ | 50
​
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, |
​ | ​ | 2023 | ​ | 2022 |
​ | ​ | (Dollar amounts in thousands) |
Computed “expected” tax expense |  | $ | 994 |  | 21.0 | % | $ | 407 |  | 21.0 | %
Increases (reductions) in taxes resulting from: | ​ |  |  |  |  | ​ |  |  |  |  | ​
State income taxes, net of federal tax benefit | ​ |  | 106 |  | 2.2 | % |  | 27 |  | 1.5 | %
Foreign rate differential | ​ |  | 9 |  | 0.2 | % |  | (30) |  | (1.5) | %
Employee Retention Credit | ​ | ​ | (134) | ​ | (2.8) | % | ​ | — | ​ | — | %
Permanent differences | ​ |  | (7) |  | (0.2) | % |  | (19) |  | (1.0) | %
Change in valuation allowance | ​ |  | (1,746) |  | (36.8) | % |  | (226) |  | (11.5) | %
Research and development credit | ​ |  | (112) |  | (2.4) | % |  | (131) |  | (6.8) | %
Deferred Tax True Ups | ​ | ​ | 322 | ​ | 6.8 | % | ​ | — | ​ | — | %
FIN 48 Reserves | ​ | ​ | 166 | ​ | 3.5 | % | ​ | — | ​ | — | %
Return to Provision Adjustments | ​ | ​ | (64) | ​ | (1.3) | % | ​ | 14 | ​ | 0.7 | %
Other items | ​ |  | (3) |  | (0.1) | % |  | 8 |  | 0.2 | %
Income tax (benefit) expense | ​ | $ | (469) |  | (9.9) | % | $ | 50 |  | 2.6 | %
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company's net deferred tax assets and liabilities as of September 30, 2023 and 2022 are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | September 30,
​ |  | 2023 |  | 2022
​ | ​ | (Amounts in thousands)
Deferred tax assets: | ​ |  | ​ | ​ |  | ​
Pension | ​ | $ | 321 | ​ | $ | 373
Intangibles | ​ |  | — | ​ |  | 29
Capitalized research and development expenses | ​ | ​ | 651 | ​ | ​ | —
Other reserves and accruals | ​ |  | 1,118 | ​ |  | 596
Inventory reserves and other | ​ |  | 278 | ​ |  | 244
Federal and state tax credits | ​ |  | 771 | ​ |  | 1,273
Federal and state net operating loss carryforwards | ​ |  | — | ​ |  | 151
Foreign net operating loss carryforwards | ​ |  | 2,945 | ​ |  | 2,693
Lease Liability | ​ | ​ | 239 | ​ | ​ | —
Gross deferred tax assets | ​ | ​ | 6,323 | ​ | ​ | 5,359
Less: valuation allowance | ​ |  | (3,283) | ​ |  | (5,029)
Realizable deferred tax asset | ​ | ​ | 3,040 | ​ | ​ | 330
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | (84) | ​ | ​ | (121)
ROU Asset | ​ | ​ | (235) | ​ | ​ | —
Pension | ​ | ​ | (372) | ​ | ​ | (209)
Intangibles | ​ | ​ | (3) | ​ | ​ | —
Realizable deferred tax liabilities | ​ | ​ | (694) | ​ | ​ | (330)
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets | ​ | $ | 2,346 | ​ | $ | —
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Year Ended |  | For the Year Ended
​ | ​ | September 30, 2023 | ​ | September 30, 2022
​ | ​ | (Amounts in thousands)
Balance, beginning of year | ​ | $ | 502 | ​ | $ | 433
Additions for tax positions of current year | ​ |  | 22 | ​ | ​ | 68
(Subtractions) additions for tax positions of prior years | ​ |  | (201) | ​ | ​ | 1
Balance, end of period | ​ | $ | 323 | ​ | $ | 502

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