Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Sep. 30, 2020
Assets    
Cash $ 4,664,000 $ 8,984,000
Trade receivables, net 21,559,000 20,121,000
Inventories, net 70,747,000 64,525,000
Prepaid expenses and other current assets 1,640,000 1,778,000
Debtor in possession assets 180,000 520,000
Total current assets 98,790,000 95,928,000
Property and equipment, net 35,632,000 31,725,000
Right of use asset - operating leases 30,466,000 29,545,000
Deposits and other assets 682,000 223,000
Deferred taxes 0 1,021,000
Intangible assets, net 4,697,000 1,063,000
Goodwill 41,471,000 37,754,000
Total assets 211,738,000 197,259,000
Liabilities:    
Accounts payable 10,644,000 9,117,000
Accrued liabilities 17,048,000 14,822,000
Income taxes payable 876,000 736,000
Current portion of long-term debt 16,055,000 11,986,000
Current portion of notes payable related parties 2,000,000 1,297,000
Current portion of lease obligations - operating leases 7,202,000 7,176,000
Debtor in possession liabilities 11,135,000 12,228,000
Total current liabilities 64,960,000 57,362,000
Long-term debt, net of current portion 37,559,000 63,390,000
Lease obligation long term - operating leases 29,343,000 28,101,000
Notes payable related parties, net of current portion 2,000,000 4,000,000
Deferred tax liability 2,796,000 0
Other non-current obligations 0 734,000
Total liabilities 136,658,000 153,587,000
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 1,582,334 shares issued and outstanding at September 30, 2021; 1,589,101 issued and outstanding at September 30, 2020 2,000 2,000
Paid-in capital 65,284,000 64,472,000
Treasury stock common 499,085 shares as of September 30, 2021 and 262,177 shares as of September 30, 2020 (4,519,000) (4,098,000)
Accumulated earnings (deficit) 14,768,000 (16,429,000)
Total stockholders' equity 75,528,000 43,940,000
Non-controlling interest (448,000) (268,000)
Total stockholders' equity 75,080,000 43,672,000
Total liabilities and stockholders' equity 211,738,000 197,259,000
Series B Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock
Series E Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock
Treasury stock Series E preferred 50,000 shares as of September 30, 2021 and September 30, 2020 $ (7,000) $ (7,000)