Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2
Property and Equipment
9 Months Ended
Jun. 30, 2022
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 June 30, 2022 and September 30, 2021 (in $000’s):

 

 

June 30, 2022

 

 

September 30, 2021

 

Property and equipment, net:

 

 

 

 

 

 

Land

 

$

2,029

 

 

$

2,029

 

Building and improvements

 

 

16,058

 

 

 

11,737

 

Transportation equipment

 

 

450

 

 

 

450

 

Machinery and equipment

 

 

51,105

 

 

 

35,284

 

Furnishings and fixtures

 

 

4,213

 

 

 

3,907

 

Office, computer equipment and other

 

 

2,981

 

 

 

2,792

 

 

 

 

76,836

 

 

 

56,199

 

Less: Accumulated depreciation

 

 

(24,399

)

 

 

(20,567

)

Total property and equipment, net

 

$

52,437

 

 

$

35,632

 

Depreciation expense was approximately $1.4 million and approximately $1.6 million, respectively, for the three months ended June 30, 2022 and 2021, and $3.9 million and $4.8 million for the nine months ended June 30, 2022 and 2021.