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Commitments and Contingencies (Tables) | 12 Months Ended
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Sep. 30, 2021
Summary of Warranty Reserve Activity | The following table summarizes the warranty reserve activity for the year ended September 30, 2021:
Beginning balance, September 30, 2019 |  | $ | 292 |
Warranties issued/accrued |  |  | — |
Warranty settlements |  |  | (86 | )
Ending balance, September 30, 2020 |  |  | 206 |
Warranty issued/accrued |  |  | — |
Warranties settlements |  |  | (101 | )
Ending balance, September 30, 2021 |  | $ | 105 |
ApplianceSmart Inc |
Schedule of Balance Sheet Detail Information | ApplianceSmart’s balance sheets as of September 30, 2021 and 2020, respectively, are shown below. The debtor in possession assets and liabilities are primarily related to assets and liabilities incurred pre-petition and are subject to compromise.
|  | As of September 30, 2021 |  | As of September 30, 2020 |
Assets |  |  |  |  |
Cash |  | $ | 74 |  | $ | 134 |
Inventories, net |  |  | 106 |  |  | 381 |
Prepaid expenses and other current assets |  |  | — |  |  | 5 |
Total debtor in possession assets |  |  | 180 |  |  | 520 |
Right of use asset - operating leases |  |  | 612 |  |  | 715 |
Other |  |  | 7 |  |  | — |
Total assets |  | $ | 799 |  | $ | 1,235 |
Liabilities and Stockholders' Equity |  |  |  |  |
Liabilities: |  |  |  |  |
Accounts payable |  | $ | 5,435 |  | $ | 5,943 |
Accrued liabilities |  |  | 2,874 |  |  | 3,459 |
Notes payable related parties , including current portion |  |  | 2,826 |  |  | 2,826 |
Total debtor in possession liabilities |  |  | 11,135 |  |  | 12,228 |
Accounts payable |  |  | 140 |  |  | 152 |
Accrued liabilities |  |  | 619 |  |  | 895 |
Lease liability, including current portion |  |  | 640 |  |  | 738 |
Crossroads Financial Revolver Loan |  |  | — |  |  | 858 |
Taxes payable |  |  | 870 |  |  | 870 |
Other current obligations |  |  | — |  |  | 14 |
Total liabilities |  |  | 13,404 |  |  | 15,755 |
Stockholders' equity: |  |  |  |  |
Intercompany |  |  | 2,496 |  |  | (2,358 | )
Accumulated deficit |  |  | (15,101 | ) |  | (12,162 | )
Total stockholders' equity |  |  | (12,605 | ) |  | (14,520 | )
Total liabilities and stockholders' equity |  | $ | 799 |  | $ | 1,235 |
Summary of Statement of Operations | ApplianceSmart’s statements of operations for the years ended September 30, 2021 and 2020, respectively, are shown below:
|  | For the year ended September 30, 2021 |  | For the year ended September 30, 2020 |
Revenues |  | $ | 1,103 |  | $ | 2,748 |
Cost of revenues |  |  | 585 |  |  | 1,538 |
Gross profit |  |  | 518 |  |  | 1,210 |
Operating expenses: |  |  |  |  |
General and administrative expenses |  |  | 838 |  |  | 1,596 |
Sales and marketing expenses |  |  | — |  |  | 227 |
Total operating expenses |  |  | 838 |  |  | 1,823 |
Operating loss |  |  | (320 | ) |  | (613 | )
Other (expense) income: |  |  |  |  |
Interest expense, net |  |  | (97 | ) |  | (160 | )
Accounts payable settlement |  |  | 694 |  |  | — |
Gain on lease settlement, net |  |  | — |  |  | 1,514 |
Other income (expense) |  |  | 317 |  |  | (243 | )
Total other income, net |  |  | 914 |  |  | 1,111 |
Net income |  | $ | 594 |  | $ | 498 |

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123368208&loc=d3e12565-110249 + Details
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