Quarterly report pursuant to Section 13 or 15(d)

Property, Plant & Equipment

v3.23.1
Property, Plant & Equipment
6 Months Ended
Mar. 31, 2023
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 March 31, 2023 and September 30, 2022 (in $000's):

 

 

March 31, 2023

 

 

September 30, 2022

 

Property and equipment, net:

 

 

 

 

 

 

Land

 

$

2,064

 

 

$

2,029

 

Building and improvements

 

 

24,408

 

 

 

26,761

 

Transportation equipment

 

 

3,038

 

 

 

622

 

Machinery and equipment

 

 

55,685

 

 

 

53,739

 

Furnishings and fixtures

 

 

6,036

 

 

 

4,407

 

Office, computer equipment and other

 

 

7,564

 

 

 

3,699

 

 

 

98,795

 

 

 

91,257

 

Less: Accumulated depreciation

 

 

(31,697

)

 

 

(26,667

)

 

$

67,098

 

 

$

64,590

 

Depreciation expense was $2.7 million and $1.3 million, respectively, for the three months ended March 31, 2023 and 2022, and $5.1 million and $2.5 million for the six months ended March 31, 2023 and 2022.