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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net (loss) income $ 1,515 $ 1,282
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation 150 171
Amortization of intangibles 4 6
Foreign exchange loss 142 616
Provision for credit losses 28 15
Provision for obsolete inventory 106 70
Amortization of lease right-of-use assets 244 299
Stock-based compensation expense on restricted stock awards 705 539
Deferred income taxes 98 0
Increase in cash surrender value of life insurance (68) (49)
Changes in operating assets and liabilities:    
Decrease in accounts receivable 204 664
Decrease in financing receivable 1,529 893
Decrease (increase) in inventories 965 (2,037)
(Increase) decrease in refundable income taxes 0 228
Increase in operating lease right-of-use assets 0 (1)
Decrease in other assets 611 2,308
Decrease in accounts payable and accrued expenses (1,197) (8,479)
Increase in interest payable 57 59
Decrease in operating lease liabilities (248) (304)
Decrease in deferred revenue (230) (356)
Decrease in pension and retirement plans liabilities (67) (309)
Decrease in income taxes payable (994) 0
Decrease in other long-term liabilities (230) (140)
Net cash provided by (used in) operating activities 3,324 (4,525)
Investing activities    
Life insurance premiums paid (53) (64)
Purchase of held-to-maturity investments 0 (3,533)
Additions of intangible assets (6) (51)
Purchases of property, equipment and improvements (134) (181)
Net cash used in investing activities (193) (3,829)
Financing activities    
Dividends paid (433) (278)
Net borrowing under line-of-credit agreement (469) (1,786)
Repayments on note payable (427) (406)
Principal payments on finance leases 0 (2)
Proceeds from issuance of shares under equity compensation plans 83 97
Net cash used in by financing activities (1,246) (2,375)
Effects of exchange rate on cash, net 17 59
Net increase (decrease) in cash and cash equivalents 1,902 (10,670)
Cash and cash equivalents beginning of period 25,217 23,982
Cash and cash equivalents end of period 27,119 13,312
Supplementary cash flow information:    
Cash paid for income taxes 1,085 35
Cash paid for interest 22 73
Supplementary non-cash financing activities:    
Customer financing for inventory sold (see Note 5 Financing receivables for details) $ 1,742 $ 2,852