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Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Income Tax Expense | Income tax expense for the years ended September 30, 2024 and 2023 is as follows (in $000’s):
| Year Ended September 30, 2024 |  | Year Ended September 30, 2023
Current expense: |  |  |
Federal | $ | 1,696 |  |  | $ | 3,821 |
State | 528 |  |  | 603 |
| 2,224 |  |  | 4,424 |
Deferred (benefit) expense: |  |  |
Federal | (5,311) |  |  | (2,228) |
State | (1,571) |  |  | (625) |
| (6,882) |  |  | (2,853) |
Total income tax (benefit) expense | $ | (4,658) |  |  | $ | 1,571 |
Schedule of Reconciliation between Effective and Statutory Income Tax Rates | A reconciliation of the differences between the effective and statutory income tax rates for years ended September 30, 2024 and 2023:
| Year Ended September 30, 2024 |  | Year Ended September 30, 2023
Federal statutory rates | (21.0 | %) |  | 21.0 | %
State income taxes, net of federal benefit | (6.2 | %) |  | 5.9 | %
Goodwill impairment | 8.8 | % |  | — | %
Permanent differences | 0.1 | % |  | (2.9) | %
Transaction costs | — | % |  | 27.9 | %
Investments | 4.6 | % |  | (71.9 | %)
Stock compensation | — | % |  | 4.9 | %
Change in tax rates | 3.6 | % |  | 41.4 | %
Tax credits | (0.2 | %) |  | (3.1) | %
Change in valuation allowance | (4.4) | % |  | 73.4 | %
Other | (0.4) | % |  | 0.4 | %
Effective rate | (15.2 | %) |  | 97.0 | %
Schedule of Deferred Income Tax Assets and Liabilities | At September 30, 2024 and 2023, deferred income tax assets and liabilities were comprised of (in $000’s):
| September 30, 2024 |  | September 30, 2023
Deferred income tax assets (liabilities): |  |  |
Allowance for bad debts | $ | 192 |  |  | $ | 167 |
Accrued expenses/reserves | 24 |  |  | (25) |
Inventory | 2,594 |  |  | 1,841 |
Accrued compensation | 197 |  |  | 180 |
Research and development | 564 |  |  | 121 |
Net operating loss | 2,320 |  |  | 2,321 |
Tax credits | 508 |  |  | 499 |
Stock compensation | 247 |  |  | 235 |
Intangibles | (4,972) |  |  | (7,273) |
Property & equipment | (12,544) |  |  | (12,681) |
Right of use assets | (15,201) |  |  | (13,933) |
Lease liabilities | 17,192 |  |  | 15,256 |
Interest carryforwards | 4,827 |  |  | 1,452 |
Investments | — |  |  | 253 |
Capital loss carryforwards | — |  |  | 1,156 |
Subtotal income tax assets (liabilities) | (4,052) |  |  | (10,431) |
Less: Valuation allowance | (2,215) |  |  | (3,604) |
Total deferred income tax liability | $ | (6,267) |  |  | $ | (14,035) |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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