Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2019
Sep. 30, 2019
Assets    
Cash $ 1,502 $ 2,681
Trade receivables, net 9,109 11,901
Inventories, net 36,835 38,558
Income taxes receivable 161 235
Prepaid expenses and other current assets 1,964 2,377
Debtor in possession assets 2,688  
Total current assets 52,259 55,752
Property and equipment, net 22,101 22,596
Right of use asset - operating leases 19,277  
Deposits and other assets 50 90
Deferred taxes 4,588 4,869
Intangible assets, net 1,397 2,199
Goodwill 36,947 36,947
Total assets 136,619 122,453
Liabilities:    
Accounts payable 5,783 14,144
Accrued liabilities 5,129 12,984
Lease obligation short term - operating leases 7,182  
Current portion of long-term debt 15,989 7,897
Debtor in possession liabilities 13,568  
Total current liabilities 47,651 35,025
Long-term debt, net of current portion 35,270 47,819
Lease obligation long term - operating leases 12,697  
Notes payable related parties, net of current portion 4,826 4,826
Other non-current obligations 1,112 654
Total liabilities 101,556 88,324
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 1,784,310 and 1,826,009 shares issued and outstanding at December 31, 2019 and September 30, 2019, respectively 2 2
Paid in capital 64,219 63,924
Treasury stock common 303,876 shares as of December 31, 2019 and 262,177 shares as of September 30, 2019 (2,781) (2,438)
Accumulated deficit (26,370) (27,355)
Total stockholders' equity 35,063 34,129
Total liabilities and stockholders' equity 136,619 122,453
Series B Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock
Series E Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock
Treasury stock Series E preferred 80,000 shares as of December 31, 2019 and 50,000 shares as of September 30, 2019 $ (7) $ (4)