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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 3,143 $ 1,714
Receivables, net of allowance for credit losses of $152 and $117, respectively 16,848 17,272
Contract assets 10,119 10,745
Inventories, net 5,683 6,230
Refundable income taxes 13 13
Prepaid expenses and other current assets 3,129 2,382
Current assets of discontinued operations 0 15,967
Total current assets 38,935 54,323
Property, plant and equipment, net 25,347 26,261
Operating lease right-of-use assets, net 13,132 13,326
Goodwill 3,493 3,493
Other assets 75 357
Noncurrent assets of discontinued operations 0 6,864
Total assets 80,982 104,624
Current liabilities:    
Current maturities of long-term debt, net of unamortized debt issuance costs 3,227 353
Promissory note — related party 0 3,510
Revolver 12,633 20,142
Short-term operating lease liabilities 892 879
Accounts payable 8,820 11,574
Contract liabilities 2,384 2,879
Accrued liabilities (related party — nil and $880, respectively) 3,058 4,615
Current liabilities of discontinued operations 0 10,058
Total current liabilities 31,014 54,010
Long-term debt, net of current maturities 85 0
Long-term operating lease liabilities, net of short-term 12,844 13,035
Deferred income taxes, net 219 154
Pension liability 2,398 2,465
Other long-term liabilities 746 645
Noncurrent liabilities of discontinued operations 0 3,890
Shareholders’ equity:    
Serial preferred shares, no par value, authorized 1,000 shares; zero shares issued and outstanding at December 31, 2024 and September 30, 2024 0 0
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 6,147 at December 31, 2024 and 6,158 at September 30, 2024 6,147 6,158
Additional paid-in capital 11,778 11,775
Retained earnings 15,565 17,881
Accumulated other comprehensive income (loss) 186 (5,389)
Total shareholders’ equity 33,676 30,425
Total liabilities and shareholders’ equity $ 80,982 $ 104,624