Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Assets    
Cash $ 7,625 $ 4,601
Trade receivables, net of allowance for doubtful accounts of $1.3 million at June 30, 2025 and $1.5 million at September 30, 2024 39,038 46,861
Inventories, net 120,456 126,350
Prepaid expenses and other current assets 2,766 4,123
Total current assets 169,885 181,935
Property and equipment, net 78,685 82,869
Right of use asset - operating leases 55,168 55,701
Deposits and other assets 1,238 787
Intangible assets, net 21,336 25,103
Goodwill 61,152 61,152
Total assets 387,464 407,547
Liabilities:    
Accounts payable 25,109 31,002
Accrued liabilities 31,232 31,740
Income taxes payable 1,230 948
Current portion of lease obligations - operating leases 12,385 12,885
Current portion of lease obligations - finance leases 562 368
Total current liabilities 103,256 129,659
Lease obligation long term - operating leases 47,457 50,111
Lease obligation long term - finance leases 42,265 41,677
Deferred tax liability 11,198 6,267
Other non-current obligations 2,470 6,655
Total liabilities 293,207 334,658
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 3,071,656 and 3,131,360 shares issued and outstanding at June 30, 2025 and September 30, 2024, respectively 2 2
Paid in capital 75,798 69,692
Treasury stock common 754,391 and 694,687 shares as of June 30, 2025 and September 30, 2024, respectively (9,600) (9,072)
Retained earnings 28,064 12,274
Total stockholders' equity 94,257 72,889
Total liabilities and stockholders' equity 387,464 407,547
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 June 30, 2025 and September 30, 2024, with a liquidation preference of $0.30 per share outstanding 0 0
Treasury stock Series E preferred 80,000 shares as of June 30, 2025 and September 30, 2024 (7) (7)
Nonrelated Party    
Liabilities:    
Current portion of long-term debt and noted payable related parties 31,838 43,816
Long-term debt, net of current portion 51,748 54,994
Related Party    
Liabilities:    
Current portion of long-term debt and noted payable related parties 900 6,400
Long-term debt, net of current portion 16,599 4,934
Related Party | Seller Notes    
Liabilities:    
Current portion of seller notes - related parties 0 2,500
Seller notes - related parties $ 18,214 $ 40,361