XML 35 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Sep. 30, 2019
Current assets:    
Cash $ 661,957 $ 337,704
Accounts receivable, less allowance for doubtful accounts of $1.3 million at March 2020 and $0.9 million at September 2019 27,811,495 24,665,620
Inventories, net 84,912,508 102,343,517
Income taxes receivable 172,365 350,378
Prepaid and other current assets 6,986,997 7,148,459
Total current assets 120,545,322 134,845,678
Property and equipment, net 18,287,881 17,655,415
Operating lease right-of-use assets, net 19,689,507  
Goodwill 4,436,950 4,436,950
Other intangible assets, net 500,000 500,000
Other assets 406,653 273,579
Total assets 163,866,313 157,711,622
Current liabilities:    
Accounts payable 22,985,979 18,647,572
Accrued expenses 6,650,445 8,577,972
Accrued wages, salaries and bonuses 3,107,209 3,828,847
Current operating lease liabilities 5,433,800  
Current maturities of long-term debt 542,004 532,747
Total current liabilities 38,719,437 31,587,138
Credit facility 43,218,080 60,376,714
Deferred income tax liability, net 1,925,536 1,823,373
Long-term operating lease liabilities 14,597,065  
Long-term debt, less current maturities 2,852,112 3,125,644
Other long-term liabilities   42,011
Shareholders' equity:    
Preferred stock, $.01 par value, 1,000,000 shares authorized
Common stock, $.01 par value, 3,000,000 shares authorized, 565,526 shares outstanding at March 2020 and 552,614 shares outstanding at September 2019 8,692 8,561
Additional paid-in capital 24,224,145 23,165,639
Retained earnings 67,184,900 66,414,397
Treasury stock at cost (28,863,654) (28,831,855)
Total shareholders' equity 62,554,083 60,756,742
Total liabilities and shareholders' equity $ 163,866,313 $ 157,711,622