Inventories

3 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories, which are all within the Telco segment, at December 31, 2020 and September 30, 2020 are as follows, in thousands:

	December 31, 2020		September 30, 2020
New equipment	$	1,397	$	1,311
Refurbished and used equipment	7,859		7,319
Allowance for excess and obsolete inventory	(3,054)		(3,054)
Total inventories, net	$	6,202	$	5,576

New equipment includes products purchased from manufacturers plus “surplus-new,” which are unused products purchased from other distributors or multiple system operators. Refurbished and used equipment include factory refurbished, Company refurbished and used products.

The Telco segment identified certain inventory that more than likely will not be sold or that the cost will not be recovered when it is processed through its recycling program. Therefore, the Company has a $3.1 million allowance at December 31, 2020 and September 30, 2020.