Income Taxes (Tables)

12 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Income Tax Expense

Income tax expense for the years ended September 30, 2023 and 2022 is as follows (in $000’s):

	Year Ended September 30, 2023		Year Ended September 30, 2022
Current expense:
Federal	$	3,821	$	524
State	603		329
	4,424		853
Deferred (benefit) expense:
Federal	(2,228)		5,051
State	(625)		971
	(2,853)		6,022
Total income tax expense	$	1,571	$	6,875

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, 2023 and 2022:

	Year Ended September 30, 2023		Year Ended September 30, 2022
Federal statutory rates	21.0	%	21.0	%
State income taxes, net of federal benefit	5.9	%	4.0	%
Permanent differences	(2.9	%)	3.2	%
Transaction costs	27.9	%	—	%
Investments	(71.9)	%	—	%
Bankruptcy gain exclusion	—	%	(9.0	%)
Stock compensation	4.9	%	3.8	%
Change in tax rates	41.4	%	—	%
Tax credits	(3.1	%)	—	%
Change in valuation allowance	73.4	%	(0.2)	%
Other	0.4	%	(1.0	%)
Effective rate	97.0	%	21.8	%

Schedule of Deferred Income Tax Assets and Liabilities

At September 30, 2023 and 2022, deferred income tax assets and liabilities were comprised of (in $000’s):

	September 30, 2023		September 30, 2022
Deferred income tax assets (liabilities):
Allowance for bad debts	$	167	$	53
Accrued expenses/reserves	(25)		(172)
Inventory	1,841		1,132
Accrued compensation	180		150
Research and development	121		—
Net operating loss	2,321		508
Tax credits	499		475
Stock compensation	235		265
Intangibles	(7,273)		(2,952)
Property & equipment	(12,681)		(8,843)
Right of use assets	(13,933)		(8,817)
Lease liabilities	15,256		9,609
Interest carryforwards	1,452		—
Investments	253		560
Capital loss carryforwards	1,156		—
Less: Valuation allowance	(3,604)		(786)
Total deferred income tax (liability)	$	(14,035)	$	(8,818)