Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2024 |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying financial statements present the consolidated financial position, results of operations and cash flows of the Company in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). All significant intercompany balances and transactions have been eliminated. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company considers many factors in selecting appropriate operational and financial accounting policies and controls and in developing the estimates and assumptions that are used in the preparation of these financial statements. The Company continually evaluates its estimates, including those related to revenue recognition, credit loss, collectability of rental revenue, inventory obsolescence reserves, self-insurance reserves, product warranty reserves, useful lives of long-lived assets, impairment of long-lived assets, impairment of goodwill and other intangible assets and deferred income tax assets. The Company bases its estimates on historical experience and various other factors that are believed to be reasonable under the circumstances. While management believes current estimates are reasonable and appropriate, actual results may |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original or remaining maturity at the time of purchase of three September 30, 2024 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Risk Credit The Company maintains its cash in bank deposit accounts that, at times, exceed federally insured limits. Management of the Company believes that the financial strength of the financial institutions holding such deposits minimizes the credit risk of such deposits. The Company sells products to customers throughout the United States and various foreign countries. The Company’s normal credit terms for trade receivables are 30 days. In certain situations, credit terms may not may not Two customers each comprised 27.4% and 16.0% of the Company’s revenue during fiscal year 2024 September 30, 2024 2023 September 30, 2023 Supplier Certain models of the Company’s oil and gas marine wireless products require a timing device it purchases from a United States of America manufacturer. The Company currently does not no 2024 2023 The Company purchases all of its thermal film from one no 2024 2023 In June 2016, October 1, 2023. not |
Investment, Policy [Policy Text Block] | Short-term Investments The Company classifies its short-term investments as available-for-sale debt securities which have maturities of less than one not |
Inventory, Policy [Policy Text Block] | Inventories The Company records a write-down of its inventories when the cost basis of any manufactured product, including any estimated future costs to complete the manufacturing process, exceeds its net realizable value. Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first first The Company periodically reviews the composition of its inventories to determine if market demand, product modifications, technology changes, excessive quantities on-hand and other factors hinder our ability to recover its investment in such inventories. The Company’s assessment is based upon historical product demand, estimated future product demand and various other judgments and estimates. Inventory obsolescence reserves are recorded when such assessments reveal that portions or components of the Company’s inventory investment will not The Company reviews it inventories for classification purposes. The value of inventories not |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant and Equipment and Rental Equipment Property, plant and equipment and rental equipment are stated at cost. Depreciation expense is calculated using the straight-line method over the following estimated useful lives: Years Rental equipment 2 - 5 Property, plant and equipment: Machinery and equipment 3 - 15 Buildings and building improvements 10 - 50 Other 5 - 10 Expenditures for renewals and betterments are capitalized. Repairs and maintenance expenditures are charged to expense as incurred. The cost and accumulated depreciation of assets sold or otherwise disposed of are removed from the accounts and any gain or loss thereon is reflected in the statements of operations. |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-lived Assets The Company’s long-lived assets are reviewed for impairment whenever an event or change in circumstances indicates the carrying amount of an asset or group of assets may not At September 30, 2024 |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill The Company conducts its evaluation of goodwill at the reporting unit level on an annual basis as of September 30 first not not not |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Other Intangible Assets Intangible assets are carried at cost, net of accumulated amortization. The estimated useful life of the Company’s other intangible assets are evaluated each reporting period to determine whether events or circumstances warrant a revision to the remaining amortization period. If the estimate of an intangible asset’s remaining useful life is changed, the amortization period should be changed prospectively. Amortization expense is calculated using the straight-line method over the following estimated useful lives: Years Developed technology 18 Trade names 5 Customer relationships 4 Non-compete agreements 4 |
Revenue [Policy Text Block] | Revenue Recognition See Note 2 |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Costs The Company expenses research and development costs as incurred. Research and development costs include salaries, employee benefit costs, department supplies, direct project costs and other related costs. |
Standard Product Warranty, Policy [Policy Text Block] | Product Warranties Most of the Company’s products do not Changes in the product warranty reserve are reflected in the following table (in thousands): Balance at October 1, 2022 $ 524 Accruals for warranties issued during the year 1,655 Settlements made (in cash or in kind) during the year (1,521 ) Balance at September 30, 2023 658 Accruals for warranties issued during the year 2,331 Settlements made (in cash or in kind) during the year (1,738 ) Balance at September 30, 2024 $ 1,251 |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation The Company accounts for stock-based compensation, including grants of restricted awards and unqualified stock options in accordance with Accounting Standards Codification Topic 718, The Company recognizes stock-based compensation expense on a straight-line basis over the requisite service period of the award. The Company’s stock-based compensation plan and awards are more fully described in Note 15 |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Gains and Losses The assets and liabilities of the Company’s foreign subsidiaries and branch offices that have a foreign currency as their functional currency have been translated into U.S. dollars using the exchange rates in effect at the balance sheet date. Results of operations have been translated using the average exchange rates during the year. Resulting translation adjustments have been recorded as a component of accumulated other comprehensive loss in stockholders’ equity. Foreign currency transaction gains and losses are included in the statements of operations as they occur. Transaction gains and losses on intra-entity foreign currency transactions and balances, including advances and demand notes payable on which settlement is not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value Fair value is the price that would be received to sell an asset or the amount paid to transfer a liability in an orderly transaction between market participants (an exit price) at the measurement date. U.S. GAAP has established a fair value hierarchy which prioritizes the inputs to the valuation techniques used to measure fair value into three 1 2 1 3 one 5 |
Income Tax, Policy [Policy Text Block] | Income Taxes Income taxes are presented in accordance with the Accounting Standards Codification Topic 740 740” not not The Company follows the guidance of Topic 740 740 740, not” |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Pronouncements In June 2016, October 1, 2023. not Recently Issued Accounting Pronouncements In November 2023, December 15, 2023, December 15, 2024. In December 2023, fourth 2026. not |