Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.21.4
Property and Equipment
 12 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment Note 6: Property and Equipment

The following table details the Company's property and equipment as of September 30, 2021 and 2020, respectively (000's):

 

 

 

 

September 30,
2021

 

 

September 30,
2020

 

Property and equipment, net:

 

 

 

 

 

 

Building and improvements

 

$

11,737

 

 

$

9,908

 

Land

 

 

2,029

 

 

 

1,349

 

Transportation equipment

 

 

450

 

 

 

480

 

Machinery and equipment

 

 

35,284

 

 

 

27,217

 

Furnishings and fixtures

 

 

3,907

 

 

 

2,908

 

Office, computer equipment and other

 

 

2,792

 

 

 

3,445

 

 

 

 

56,199

 

 

 

45,307

 

Less: Accumulated depreciation

 

 

(20,567

)

 

 

(13,582

)

 

 

$

35,632

 

 

$

31,725

 

 

During the year ended September 30, 2020, impairment charges of $525,000 were taken related to the disposal of fixed assets no longer in use. No such transactions occurred during the year ended September 30, 2021. Depreciation expense was approximately $6.3 million and $5.1 million for the years ended September 30, 2021 and 2020, respectively.