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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of disaggregated revenues

See disaggregated revenues below by products/services and geography.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Solutions Segment

 

 

 

 

High

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

United

 

 

 

 

 

 

 

Consolidated

For the year ended September 30, 

    

Segment

    

Kingdom

    

U.S.

    

Total

    

Total

 

 

(Amounts in thousands)

2020

 

 

 

 

 

 

 

 

 

 

Sales:

 

 

 

 

 

 

 

 

 

 

Product

 

$

3,401

 

$

943

 

$

43,562

 

$

44,505

 

$

47,906

Service

 

 

2,475

 

 

440

 

 

10,889

 

 

11,329

 

 

13,804

Finance *

 

 

 

 

 

 

83

 

 

83

 

 

83

Total sales

 

$

5,876

 

$

1,383

 

$

54,534

 

$

55,917

 

$

61,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Solutions Segment

 

 

 

 

High

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

United

 

 

 

 

 

 

 

Consolidated

For the year ended September 30, 

    

Segment

    

Kingdom

    

U.S.

    

Total

    

Total

 

 

(Amounts in thousands)

2019

 

 

 

 

 

 

 

 

 

 

Sales:

 

 

 

 

 

 

 

 

 

 

Product

 

$

6,406

 

$

4,936

 

$

54,540

 

$

59,476

 

$

65,882

Service

 

 

1,496

 

 

380

 

 

11,168

 

 

11,548

 

 

13,044

Finance *

 

 

 

 

 

 

135

 

 

135

 

 

135

Total sales

 

$

7,902

 

$

5,316

 

$

65,843

 

$

71,159

 

$

79,061

 


*     Finance revenue is related to equipment leasing and is not subject to the guidance on revenue from contracts with customers (ASC 606).

Schedule of revenue, performance obligations

For these contracts the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2020 is set forth in the table below:

 

 

 

 

 

 

    

(Amounts in thousands)

Fiscal 2021

 

$

1,341

Fiscal 2022

 

 

604

Fiscal 2023

 

 

210

Fiscal 2024

 

 

30

 

 

$

2,185

 

Schedule of basic and diluted earnings per share computations

Basic and diluted earnings per share computations for the Company’s reported net income (loss) attributable to common stockholders are as follows:

 

 

 

 

 

 

 

 

 

 

 

For the year ended

 

 

 

 

 

 

 

 

 

    

 

September 30, 2020

    

September 30, 2019

 

 

 

(Amounts in thousands except per share data)

Net loss

 

 

$

(1,446)

  

$

(371)

Less: net loss attributable to nonvested common stock

 

 

 

 —

  

 

 —

Net loss attributable to common stockholders

 

 

$

(1,446)

  

$

(371)

 

 

 

 

 

 

 

 

Weighted average total shares outstanding – basic

 

 

 

4,028

  

 

3,924

Less: weighted average non–vested shares outstanding

 

 

 

 —

  

 

 —

Weighted average number of common shares outstanding – basic

 

 

 

4,028

  

 

3,924

Potential common shares from non–vested stock awards and the assumed exercise of stock options

 

 

 

 —

  

 

 —

Weighted average common shares outstanding – diluted

 

 

 

4,028

  

 

3,924

 

 

 

 

 

 

 

 

Net loss per share – basic

 

 

$

(0.36)

  

$

(0.09)

Net loss per share – diluted

 

 

$

(0.36)

  

$

(0.09)

 

Schedule of new accounting pronouncements and changes in accounting principles

The initial impact to the balance sheet as a result of the adoption is shown in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

As reported

 

ASC 842

 

As of

 

    

September 30, 2019

    

Adjustment

    

October 1, 2019

 

 

(In thousands)

Assets:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

 —

 

$

2,448

 

$

2,448

Liabilities:

 

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

16,175

 

$

665

 

$

16,840

Operating lease liabilities - noncurrent portion

 

$

 —

 

$

1,783

 

$

1,783