Note 13 - Subsequent Events

6 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

Note

13

– Subsequent Events

On

March 11, 2020,

the World Health Organization declared the current outbreak of COVID-

19

to be a global pandemic, and on

March 13, 2020,

the United States declared a national emergency. In response to these declarations and the rapid spread of COVID-

19,

federal, state and local governments have imposed varying degrees of restrictions on business and social activities to contain COVID-

19,

including quarantine and “stay-at-home” or “shelter-in-place” orders in markets where we operate. Despite these “stay-at-home” or “shelter-in-place” orders, the Company is classified as an essential business due to the services and products it provides to the telecommunications industry.  Therefore, the Company continues to operate in the markets it serves, although most of its back-office and administrative personnel are working from home while these orders are in place.  Although the Company can continue to operate its businesses, its revenues have slowed, especially in the Wireless segment, due to the carriers slowing down various wireless tower projects. The Company has

not

experienced a material disruption in is supply chain to date; however, the Company expects COVID-

19

could materially negatively affect the supply chain, customer demand for its telecommunications products or further delay wireless carriers’ infrastructure build plans in the coming months as a result of the disruption and uncertainty it is causing.  There is considerable uncertainty regarding the extent to which COVID-

19

will continue to spread and the extent and duration of governmental and other measures implemented to try to slow the spread of COVID-

19,

such as large-scale travel bans and restrictions, border closures, quarantines, shelter-in-place orders and business and government shutdowns. Restrictions of this nature have caused, and

may

continue to cause, the Company, its subcontractors, suppliers and other business counterparties to experience operational delays. While the Company continues to assess the COVID-

19

situation, the extent to which the COVID-

19

pandemic

may

impact the business, operating results, financial condition, or liquidity in the future will depend on future developments, including the duration of the outbreak, travel restrictions, business and workforce disruptions, and the effectiveness of actions taken to contain and treat the disease.