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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,978 $ 1,714
Receivables, net of allowance for credit losses of $108 and $117, respectively 14,223 17,272
Contract assets 12,681 10,745
Inventories, net 7,404 6,230
Refundable income taxes 13 13
Prepaid expenses and other current assets 1,800 2,382
Current assets of discontinued operations 0 15,967
Total current assets 38,099 54,323
Property, plant and equipment, net 22,860 26,261
Operating lease right-of-use assets, net 12,784 13,326
Goodwill 3,493 3,493
Other assets 53 357
Noncurrent assets of discontinued operations 0 6,864
Total assets 77,289 104,624
Current liabilities:    
Current maturities of long-term debt, net of unamortized debt issuance costs 2,951 353
Promissory note — related party 0 3,510
Revolver 8,372 20,142
Short-term operating lease liabilities 941 879
Accounts payable 8,949 11,574
Contract liabilities 2,061 2,879
Accrued liabilities (related party — nil and $880, respectively) 2,372 4,615
Current liabilities of discontinued operations 0 10,058
Total current liabilities 25,646 54,010
Long-term finance lease, net of short-term 62 0
Long-term operating lease liabilities, net of short-term 12,476 13,035
Deferred income taxes, net 333 154
Pension liability 2,300 2,465
Other long-term liabilities 627 645
Noncurrent liabilities of discontinued operations 0 3,890
Commitments and Contingencies (Note 11)
Shareholders’ equity:    
Serial preferred shares, no par value, authorized 1,000 shares; zero shares issued and outstanding at June 30, 2025 and September 30, 2024 0 0
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 6,180 at June 30, 2025 and 6,158 at September 30, 2024 6,180 6,158
Additional paid-in capital 11,853 11,775
Retained earnings 17,581 17,881
Accumulated other comprehensive income (loss) 231 (5,389)
Total shareholders’ equity 35,845 30,425
Total liabilities and shareholders’ equity $ 77,289 $ 104,624