XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:        
Net loss $ (3,708) $ (5,013)    
(Loss) income from discontinued operations, net of tax 36 1,289    
Loss from continuing operations (3,744) (6,302)    
Adjustments to reconcile net loss to net cash (used for) provided by operating activities:        
Depreciation and amortization 2,370 2,412    
Amortization of debt issuance costs 93 352    
Gain on disposal of operating assets 0 4    
LIFO effect (136) 351    
Share transactions under company stock plan, net 54 122    
Inventory valuation accounts 347 468    
Deferred income taxes 138 (142)    
Interest added to promissory note — related party (paid-in-kind) 27 106    
Other short-term liabilities 10 0    
Other long-term liabilities 1 144    
Changes in operating assets and liabilities:        
Receivables 2,728 962    
Contract assets (264) 115    
Inventories (179) (4,404)    
Prepaid expenses and other current assets (1,873) 379    
Other assets 286 (18)    
Accounts payable (533) 2,907    
Accrued liabilities (181) (440)    
Contract liabilities (110) 160    
Accrued income tax and other (4) (84)    
Net cash used for operating activities (970) (2,908)    
Cash flows from investing activities:        
Capital expenditures (263) (1,155)    
Net cash used for investing activities (263) (1,155)    
Cash flows from financing activities:        
Payments on long-term debt 0 0    
Proceeds from term loan 3,000 0    
Payments on term loan (250) (61)    
Proceeds from revolving credit agreement 54,589 44,319    
Repayments of revolving credit agreement (65,772) (43,090)    
Payment of debt issuance costs (203) (139)    
Principal payments on capital lease obligations (21) 0    
Proceeds from promissory note — related party 0 3,000    
Repayments of promissory note and related fees — related party (4,417) 0    
Net cash (used for) provided by financing activities (13,074) 4,029    
Cash flows from discontinued operations:        
Net cash used for operating activities (57) (2,441)    
Net cash provided by (used for) investing activities 13,242 (1,906)    
Net cash provided by financing activities 356 4,754    
Effects of exchange rate changes on cash and cash equivalents (35) 6    
Net cash provided by discontinued operations 13,506 413    
(Decrease) increase in cash and cash equivalents (801) 379    
Cash and cash equivalents at the beginning of the period     $ 2,723 $ 368
Less: Cash and cash equivalents from discontinued operations at the end of the period 0 529    
Cash and cash equivalents from continuing operations at the end of the period 1,922 218    
Cash paid during the year:        
Cash paid for interest (786) (677)    
Cash paid for income taxes, net (16) (19)    
Non-cash investing and financing activities:        
Additions to property, plant & equipment — incurred but not yet paid 0 136    
Debt issuance costs — incurred but not yet paid 115 0    
Accrued guaranty fees — related party 0 760    
Origination fees capitalized to promissory note principal — related party 0 150    
Interest added to promissory note — related party (paid-in-kind) $ 27 $ 106