Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
Assets    
Cash $ 5,569 $ 4,309
Trade receivables, net of allowance for doubtful accounts of $1.5 million at December 31, 2023 and $1.6 million at September 30, 2023 42,350 41,194
Inventories, net 132,455 131,314
Income taxes receivable 0 1,116
Prepaid expenses and other current assets 4,751 4,919
Total current assets 185,125 182,852
Property and equipment, net 79,683 80,703
Right of use asset - operating leases 65,799 54,544
Deposits and other assets 1,240 1,282
Intangible assets, net 28,163 26,568
Goodwill 76,639 75,866
Total assets 436,649 421,815
Liabilities:    
Accounts payable 25,406 27,190
Accrued liabilities 39,123 31,826
Income taxes payable 431 0
Current portion of lease obligations - operating leases 12,799 11,369
Current portion of lease obligations - finance leases 361 359
Total current liabilities 103,343 97,821
Lease obligation long term - operating leases 58,291 48,156
Lease obligation long term - finance leases 32,981 32,942
Deferred taxes 11,714 14,035
Other non-current obligations 5,975 4,104
Total liabilities 337,252 321,680
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 3,159,984 and 3,164,330 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively 2 2
Paid in capital 69,437 69,387
Treasury stock common 664,409 and 660,063 shares as of December 31, 2023 and September 30, 2023, respectively (8,312) (8,206)
Retained earnings 38,277 38,959
Total stockholders' equity 99,397 100,135
Total liabilities and stockholders' equity 436,649 421,815
Series E Convertible Preferred Stock    
Stockholders' equity:    
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively, with a liquidation preference of $0.30 per share outstanding 0 0
Treasury stock Series E preferred 80,000 shares as of December 31, 2023 and September 30, 2023, respectively (7) (7)
Nonrelated Party    
Liabilities:    
Current portion of long-term debt and noted payable related parties 21,223 23,077
Long-term debt, net of current portion 78,357 78,710
Related Party    
Liabilities:    
Current portion of long-term debt and noted payable related parties 4,000 4,000
Long-term debt, net of current portion 6,919 6,914
Related Party | Seller Notes    
Liabilities:    
Seller notes - related parties $ 39,672 $ 38,998