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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,922 $ 1,714
Receivables, net of allowance for credit losses of $154 and $117, respectively 14,544 17,272
Contract assets 11,010 10,745
Inventories, net 6,198 6,230
Refundable income taxes 13 13
Prepaid expenses and other current assets 4,412 2,382
Current assets of discontinued operations 0 15,967
Total current assets 38,099 54,323
Property, plant and equipment, net 24,285 26,261
Operating lease right-of-use assets, net 12,897 13,326
Goodwill 3,493 3,493
Other assets 55 357
Noncurrent assets of discontinued operations 0 6,864
Total assets 78,829 104,624
Current liabilities:    
Current maturities of long-term debt, net of unamortized debt issuance costs 3,089 353
Promissory note — related party 0 3,510
Revolver 8,959 20,142
Short-term operating lease liabilities 905 879
Accounts payable 11,033 11,574
Contract liabilities 2,768 2,879
Accrued liabilities (related party — nil and $880, respectively) 3,637 4,615
Current liabilities of discontinued operations 0 10,058
Total current liabilities 30,391 54,010
Long-term debt, net of current maturities 74 0
Long-term operating lease liabilities, net of short-term 12,611 13,035
Deferred income taxes, net 292 154
Pension liability 2,355 2,465
Other long-term liabilities 739 645
Noncurrent liabilities of discontinued operations 0 3,890
Commitments and Contingencies (Note 11)
Shareholders’ equity:    
Serial preferred shares, no par value, authorized 1,000 shares; zero shares issued and outstanding at March 31, 2025 and September 30, 2024 0 0
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 6,190 at March 31, 2025 and 6,158 at September 30, 2024 6,190 6,158
Additional paid-in capital 11,796 11,775
Retained earnings 14,173 17,881
Accumulated other comprehensive income (loss) 208 (5,389)
Total shareholders’ equity 32,367 30,425
Total liabilities and shareholders’ equity $ 78,829 $ 104,624