Patriot Transportation Holding (PATI) 10-Q 13 Aug 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 30, 2021	Aug. 13, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--09-30
Entity File Number	001-36605
Entity Registrant Name	PATRIOT TRANSPORTATION HOLDING, INC.
Entity Central Index Key	0001616741
Entity Tax Identification Number	47-2482414
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	200 W. Forsyth St.
Entity Address, Address Line Two	7th Floor
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32202
City Area Code	904
Local Phone Number	396-5733
Title of 12(b) Security	Common Stock, $.10 par value
Trading Symbol	PATI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,402,146

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Sep. 30, 2020
Current assets:
Cash and cash equivalents	$ 10,586	$ 15,962
Cash held in escrow	581	0
Accounts receivable (net of allowance for doubtful accounts of $78 and $87, respectively)	5,308	5,005
Inventory of parts and supplies	893	903
Prepaid tires on equipment	1,369	1,414
Prepaid taxes and licenses	120	522
Prepaid insurance	1,856	2,444
Prepaid expenses, other	326	291
Total current assets	21,039	26,541
Property and equipment, at cost	80,122	83,204
Less accumulated depreciation	55,388	52,805
Net property and equipment	24,734	30,399
Operating lease right-of-use assets	2,193	2,964
Goodwill	3,637	3,637
Intangible assets, net	806	957
Other assets, net	160	171
Total assets	52,569	64,669
Current liabilities:
Accounts payable	1,861	2,679
Federal and state taxes payable	709	284
Accrued payroll and benefits	2,764	3,156
Accrued insurance	958	1,210
Accrued liabilities, other	1,679	1,281
Operating lease liabilities, current portion	1,065	1,065
Total current liabilities	9,036	9,675
Operating lease liabilities, less current portion	1,253	2,073
Deferred income taxes	3,604	5,087
Accrued insurance	1,886	1,886
Other liabilities	885	900
Total liabilities	16,664	19,621
Shareholders’ Equity:
Preferred stock, 5,000,000 shares authorized, of which 250,000 shares are designated Series A Junior Participating Preferred Stock; $0.01 par value; None issued and outstanding	0	0
Common stock, $0.10 par value; (25,000,000 shares authorized; 3,402,146 and 3,377,279 shares issued and outstanding, respectively)	340	338
Capital in excess of par value	39,072	38,670
(Accumulated deficit) Retained earnings	(3,612)	5,935
Accumulated other comprehensive income, net	105	105
Total shareholders’ equity	35,905	45,048
Total liabilities and shareholders’ equity	$ 52,569	$ 64,669

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Sep. 30, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 78	$ 87
Preferred stock, authorized	5,000,000	5,000,000
Junior participating preferred stock, shares	250,000	250,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred shares, issued	0	0
Preferred shares, outstanding	0	0
Common stock, par value	$ 0.10	$ 0.10
Common stock, authorized	25,000,000	25,000,000
Common stock, issued	3,402,146	3,377,279
Common stock, outstanding	3,402,146	3,377,279

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Total revenues	$ 20,855	$ 19,011	$ 60,811	$ 67,347
Cost of operations:
Compensation and benefits	9,200	8,575	26,938	29,954
Fuel expenses	2,568	1,738	7,130	8,147
Repairs & tires	1,316	1,182	4,033	4,504
Other operating	734	768	2,302	2,699
Insurance and losses	1,789	1,443	5,840	6,767
Depreciation expense	1,662	1,815	5,078	5,604
Rents, tags & utilities	653	719	2,052	2,222
Sales, general & administrative	2,284	1,839	6,561	6,929
Corporate expenses	426	362	1,516	1,713
Gain on sale of terminal sites	(183)	0	(1,614)	0
Loss (gain) on disposition of PP&E	(46)	(224)	153	(674)
Total cost of operations	20,403	18,217	59,989	67,865
Total operating profit (loss)	452	794	822	(518)
Interest income and other	1	4	4	131
Interest expense	(8)	(8)	(23)	(23)
Income (loss) before income taxes	445	790	803	(410)
Provision for (benefit from) income taxes	122	217	218	(118)
Net income (loss)	323	573	585	(292)
Reclassification adjust for net investment gains realized in net income	0	0	0	(5)
Comprehensive income (loss)	$ 323	$ 573	$ 585	$ (297)
Earnings per common share:
Basic	$ 0.09	$ 0.17	$ 0.17	$ (0.09)
Diluted	$ 0.09	$ 0.17	$ 0.17	$ (0.09)
Number of shares (in thousands) used in computing:
-basic earnings per common share	3,402	3,377	3,391	3,366
-diluted earnings per common share	3,420	3,377	3,401	3,366
Transportation Excluding Fuel Surcharge [Member]
Revenues:
Fuel surcharges	$ 18,746	$ 18,032	$ 56,187	$ 62,191
Fuel Surcharge [Member]
Revenues:
Fuel surcharges	$ 2,109	$ 979	$ 4,624	$ 5,156

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 585	$ (292)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	6,259	6,880
Non-cash gain of acquisition-related contingent consideration	(16)	(150)
Deferred income taxes	(1,483)	(957)
Gain on asset dispositions	(1,476)	(674)
Stock-based compensation	404	514
Net changes in operating assets and liabilities:
Accounts receivable	(303)	1,400
Inventory of parts and supplies	10	148
Prepaid expenses	1,000	1,926
Other assets	41	136
Accounts payable and accrued liabilities	(1,064)	(2,003)
Income taxes payable and receivable	425	703
Operating lease assets and liabilities, net	(820)	(870)
Long-term insurance liabilities and other long-term liabilities	(15)	28
Net cash provided by operating activities	3,547	6,789
Cash flows from investing activities:
Purchase of property and equipment	(739)	(4,537)
Business acquisition	0	(1,000)
Cash held in escrow	(581)	0
Proceeds from the sale of property, plant and equipment	2,529	1,735
Net cash provided by (used in) investing activities	1,209	(3,802)
Cash flows from financing activities:
Dividends paid	(10,132)	(10,557)
Net cash used in financing activities	(10,132)	(10,557)
Net decrease in cash and cash equivalents	(5,376)	(7,570)
Cash and cash equivalents at beginning of period	15,962	21,216
Cash and cash equivalents at end of the period	$ 10,586	$ 13,646

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Sep. 30, 2019	$ 335	$ 38,099	$ 16,235	$ 128	$ 54,797
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 30, 2019	3,351,329
Stock-based compensation	$ 0	179	0	0	179
Director grant	$ 3	332	0	0	335
Director grant	25,950
Cash dividends declared ($3.00 per share)	$ 0	0	(10,557)	0	(10,557)
Net income	0	0	(292)	0	(292)
Reclassification adjustment of realized gain, net	0	0	0	(5)	(5)
Ending balance, value at Jun. 30, 2020	$ 338	38,610	5,386	123	44,457
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2020	3,377,279
Beginning balance, value at Mar. 31, 2020	$ 338	38,550	4,813	123	43,824
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2020	3,377,279
Stock-based compensation	$ 0	60	0	0	60
Net income	0	0	573	0	573
Reclassification adjustment of realized gain, net					0
Ending balance, value at Jun. 30, 2020	$ 338	38,610	5,386	123	44,457
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2020	3,377,279
Beginning balance, value at Sep. 30, 2020	$ 338	38,670	5,935	105	$ 45,048
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 30, 2020	3,377,279				3,377,279
Stock-based compensation	$ 0	185	0	0	$ 185
Director grant	$ 2	217	0	0	219
Director grant	24,867
Cash dividends declared ($3.00 per share)	$ 0	0	(10,132)	0	(10,132)
Net income	0	0	585	0	585
Reclassification adjustment of realized gain, net					0
Ending balance, value at Jun. 30, 2021	$ 340	39,072	(3,612)	105	$ 35,905
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2021	3,402,146				3,402,146
Beginning balance, value at Mar. 31, 2021	$ 340	39,009	(3,935)	105	$ 35,519
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2021	3,402,146
Stock-based compensation	$ 0	63	0	0	63
Net income	0	0	323	0	323
Reclassification adjustment of realized gain, net					0
Ending balance, value at Jun. 30, 2021	$ 340	$ 39,072	$ (3,612)	$ 105	$ 35,905
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2021	3,402,146				3,402,146

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Dividends paid	$ 3	$ 3.15

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	(1) Description of Business and Basis of Presentation Description of Business Company’s Business 88 12 349 306 21 419 18 6 Basis of Presentation These statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the instructions to Form 10-Q and do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (primarily consisting of normal recurring accruals) considered necessary for a fair statement of the results for the interim periods have been included. Operating results for the nine months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2021. The accompanying consolidated financial statements and the information included under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" should be read in conjunction with the audited financial statements and notes for the year ended September 30, 2020.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	(2) Recently Issued Accounting Standards

Related Party Agreements

Related Party Agreements	9 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Agreements	(3) Related Party Agreements The consolidated statements of income reflect charges and/or allocation to FRP Holdings, Inc. for these services of $ 256,000 290,000 947,000 993,000 We employ an allocation method to allocate said expenses and thus we believe that the allocations to FRP are a reasonable approximation of the costs related to FRP’s operations, but any such related-party transactions cannot be presumed to be carried out on an arm’s-length basis.

Long-Term debt

Long-Term debt	9 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-Term debt	(4) Long-Term debt no five year 35 50 1.50 1.25 1.0 0.144 0.1145 0.086 0.086 no 3,579,000 31,421,000 1 1.10025 On July 6, 2021, Patriot Transportation Holding, Inc. (the “ Company The Amended and Restated Credit Agreement Wells Fargo five-year 15 25 1.10 0.12 25

Earnings per share

Earnings per share	9 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings per share	(5) Earnings per share Basic earnings per common share are based on the weighted average number of common shares outstanding during the periods. Diluted earnings per common share are based on the weighted average number of common shares and potential dilution of securities that could share in earnings. The differences between basic and diluted shares used for the calculation are the effect of employee and director stock options. The following details the computations of the basic and diluted Earnings per common share Three Months ended Nine months ended June 30, June 30, 2021 2020 2021 2020 Weighted average common shares outstanding during the period – shares used for basic earnings per common share 3,402 3,377 3,391 3,366 Common shares issuable under share based payment plans which are potentially dilutive 18 — 10 — Common shares used for diluted earnings per common share 3,420 3,377 3,401 3,366 Net income (loss) $ 323 573 585 (292 ) Earnings (loss) per common share: -basic $ 0.09 0.17 0.17 (0.09 ) -diluted $ 0.09 0.17 0.17 (0.09 ) For the three and nine months ended June 30, 2021, 424,908 500,950 400,722

Stock-Based Compensation Plans

Stock-Based Compensation Plans	9 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	(6) Stock-Based Compensation Plans Participation in FRP Plans Prior to the Company’s spin-off from FRP Holdings, Inc. (FRP) in January 2015, the Company's directors, officers and key employees previously were eligible to participate in FRP's 2000 Stock Option Plan and the 2006 Stock Option Plan under which options for shares of common stock were granted to directors, officers and key employees. Post Spin-Off Patriot Incentive Stock Plan As part of the spin-off transaction, the Board of Directors of the Company adopted the Patriot Transportation Holding, Inc. Incentive Stock Plan (“Patriot Plan”) in January, 2015. In exchange for all outstanding FRP options held on January 30, 2015, existing Company directors, officers and key employees holding option grants in the FRP Stock Option Plan(s) were issued new grants in the Patriot and FRP Plans based upon the relative value of Patriot and FRP immediately following the completion of the spin-off with the same remaining terms. All related compensation expense has been allocated to the Company (rather than FRP) and included in corporate expenses. The number of common shares available for future issuance in the Patriot Plan was 69,820 On December 30, 2020, the Company paid an extraordinary dividend of $ 3.00 In December 2016, the Company approved and issued a long-term performance incentive to an officer in the form of stock appreciation rights. As adjusted for the extraordinary dividend the Company granted 174,011 12.79 12.79 500,000 365,000 320,000 The Company recorded the following Stock compensation expense Three Months ended Nine months ended June 30, June 30, 2021 2020 2021 2020 Stock option grants $ 63 60 185 179 Annual director stock award — — 219 335 Stock-based compensation $ 63 60 404 514 A Summary of Company stock options Weighted Weighted Weighted Number Average Average Average of Exercise Remaining Grant Date Options Shares Price Term (yrs) Fair Value Outstanding at September 30, 2020 400,722 $ 14.96 6.6 $ 1,749 Granted 78,345 10.00 275 Forfeited (9,632 ) 13.88 (48 ) Term Adjustment 148,067 Outstanding at June 30, 2021 (a) 617,502 $ 10.76 6.6 $ 1,976 Exercisable at June 30, 2021 317,208 $ 11.97 4.9 $ 1,195 Vested during nine months ended June 30, 2021 77,845 $ 242 (a) The Company stock option intrinsic values were adjusted as of December 30, 2020, the date of the extraordinary dividend. Stock option activity, including the weighted average exercise price, was not retroactively adjusted. The aggregate intrinsic value of exercisable Company options was $ 125,000 679,000 11.31 The unrecognized compensation expense of Patriot options granted as of June 30, 2021 was $ 630,000 3.3

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	(7) Fair Value Measurements At June 30, 2021 and September 30, 2020, the carrying amount reported in the consolidated balance sheets for cash and cash equivalents, accounts receivable, accounts payable and other financial instruments approximate their fair value based upon the short-term nature of these items.

Contingent liabilities

Contingent liabilities	9 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingent liabilities	(8) Contingent liabilities

Concentrations

Concentrations	9 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
Concentrations	(9) Concentrations Market: Customers 59.7 21.7 3,262,000 3,121,000 Deposits

Business Acquisition

Business Acquisition	9 Months Ended
	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Business Acquisition	(10) Business Acquisition The Company acquired certain assets of Danfair Transport out of Americus, GA on November 4, 2019. The Company has accounted for this acquisition in accordance with the provisions of ASC 805, Business Combinations (ASC 805). The Company has allocated the Purchase price of the business Consideration: Fair value of consideration transferred $ (1,425 ) Acquisition related costs expensed $ 38 Recognized amounts of identifiable assets acquired and Property and equipment $ 759 Prepaid tires 25 Customer relationships 436 Non-compete agreement 12 Vacation liability assumed (13 ) Total identifiable net assets assumed $ 1,219 Goodwill 206 Total $ 1,425 The goodwill recorded resulting from the acquisition is tax deductible. The earned payout liability, estimated to be $ 425,000 69,000 16,000 340,000

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the instructions to Form 10-Q and do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (primarily consisting of normal recurring accruals) considered necessary for a fair statement of the results for the interim periods have been included. Operating results for the nine months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2021. The accompanying consolidated financial statements and the information included under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" should be read in conjunction with the audited financial statements and notes for the year ended September 30, 2020.

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings per common share	The following details the computations of the basic and diluted Earnings per common share Three Months ended Nine months ended June 30, June 30, 2021 2020 2021 2020 Weighted average common shares outstanding during the period – shares used for basic earnings per common share 3,402 3,377 3,391 3,366 Common shares issuable under share based payment plans which are potentially dilutive 18 — 10 — Common shares used for diluted earnings per common share 3,420 3,377 3,401 3,366 Net income (loss) $ 323 573 585 (292 ) Earnings (loss) per common share: -basic $ 0.09 0.17 0.17 (0.09 ) -diluted $ 0.09 0.17 0.17 (0.09 )

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	9 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock compensation expense	The Company recorded the following Stock compensation expense Three Months ended Nine months ended June 30, June 30, 2021 2020 2021 2020 Stock option grants $ 63 60 185 179 Annual director stock award — — 219 335 Stock-based compensation $ 63 60 404 514
Summary	A Summary of Company stock options Weighted Weighted Weighted Number Average Average Average of Exercise Remaining Grant Date Options Shares Price Term (yrs) Fair Value Outstanding at September 30, 2020 400,722 $ 14.96 6.6 $ 1,749 Granted 78,345 10.00 275 Forfeited (9,632 ) 13.88 (48 ) Term Adjustment 148,067 Outstanding at June 30, 2021 (a) 617,502 $ 10.76 6.6 $ 1,976 Exercisable at June 30, 2021 317,208 $ 11.97 4.9 $ 1,195 Vested during nine months ended June 30, 2021 77,845 $ 242 (a) The Company stock option intrinsic values were adjusted as of December 30, 2020, the date of the extraordinary dividend. Stock option activity, including the weighted average exercise price, was not retroactively adjusted.

Business Acquisition (Tables)

Business Acquisition (Tables)	9 Months Ended
	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Purchase price of the business	The Company has accounted for this acquisition in accordance with the provisions of ASC 805, Business Combinations (ASC 805). The Company has allocated the Purchase price of the business Consideration: Fair value of consideration transferred $ (1,425 ) Acquisition related costs expensed $ 38 Recognized amounts of identifiable assets acquired and Property and equipment $ 759 Prepaid tires 25 Customer relationships 436 Non-compete agreement 12 Vacation liability assumed (13 ) Total identifiable net assets assumed $ 1,219 Goodwill 206 Total $ 1,425

Description of Business and B_3

Description of Business and Basis of Presentation (Details Narrative)	Jun. 30, 2021Integer
Product Information [Line Items]
Revenue producing drivers	349
Tractors	306
Owner operators	21
Trailers	419
Terminals	18
Satellite locations	6
Petroleum Products [Member]
Product Information [Line Items]
Percent of business	88.00%
Other Products [Member]
Product Information [Line Items]
Percent of business	12.00%

Related Party Agreements (Detai

Related Party Agreements (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Related Party Transactions [Abstract]
Related party charges, FRP	$ 256,000	$ 290,000	$ 947,000	$ 993,000

Long-Term debt (Details Narrati

Long-Term debt (Details Narrative) - USD ($)	1 Months Ended		9 Months Ended
	Jul. 31, 2021	Dec. 31, 2018	Jun. 30, 2021	Jul. 06, 2021	Sep. 30, 2020
Line of Credit Facility [Line Items]
Outstanding debt			$ 0		$ 0
Borrowing rate			1.10025%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding debt			$ 0
Credit facility term		5 years
Revolver maximum capacity			35,000,000
Maximum limit			$ 50,000,000
Interest rate spread			1.00%
Commitment fee			0.086%
Letters of credit			$ 3,579,000
Revolver available for borrowing			$ 31,421,000
Credit Facility Level 1 [Member]
Line of Credit Facility [Line Items]
Interest rate spread			1.50%
Commitment fee			0.144%
Credit Facility Level 2 [Member]
Line of Credit Facility [Line Items]
Interest rate spread			1.25%
Commitment fee			0.1145%
Credit Facility Level 3 [Member]
Line of Credit Facility [Line Items]
Interest rate spread			1.00%
Commitment fee			0.086%
Amended Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility term	5 years
Revolver maximum capacity				$ 15,000,000
Maximum limit				$ 25,000,000
Interest rate spread	1.10%
Commitment fee	0.12%
Minimum tangible net worth	$ 25,000,000

Earnings per common share (Deta

Earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Weighted average common shares outstanding during the period – shares used for basic earnings per common share	3,402	3,377	3,391	3,366
Common shares issuable under share based payment plans which are potentially dilutive	18	0	10	0
Common shares used for diluted earnings per common share	3,420	3,377	3,401	3,366
Net income (loss)	$ 323	$ 573	$ 585	$ (292)
-basic	$ 0.09	$ 0.17	$ 0.17	$ (0.09)
-diluted	$ 0.09	$ 0.17	$ 0.17	$ (0.09)

Earnings per share (Details Nar

Earnings per share (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Anti-dilutive shares	424,908	400,722	500,950	400,722

Stock compensation expense (Det

Stock compensation expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 63	$ 60	$ 404	$ 514
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	63	60	185	179
Director Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 0	$ 0	$ 219	$ 335

Summary (Details)

Summary (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Jun. 30, 2021		Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining term, exercisable	4 years 10 months 24 days
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning balance	400,722
Beginning	$ 14.96
Weighted average remaining term, ending	6 years 7 months 6 days	[1]	6 years 7 months 6 days
Weighted average grant date fair value options, beginning	$ 1,749
Stock options, granted	78,345
Granted	$ 10
Weighted average grant date fair value, granted	$ 275
Stock options, forfeited	(9,632)
Forfeited	$ 13.88
Weighted averge grant date fair value, forfeited	$ (48)
Stock options adjustment	148,067
Stock options, ending balance	617,502	[1]	400,722
Ending balance	$ 10.76	[1]	$ 14.96
Weighted average grant date fair value options, ending	$ 1,976	[1]	$ 1,749
Stock options, exercisable	317,208
Exercisable	$ 11.97
Weighted average grant date fair value, exercisable	$ 1,195
Stock options, vested	77,845
Weighted average grant date fair value, vested	$ 242
[1]	The Company stock option intrinsic values were adjusted as of December 30, 2020, the date of the extraordinary dividend. Stock option activity, including the weighted average exercise price, was not retroactively adjusted.

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended
	Dec. 31, 2016	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available		69,820
Extraordinary dividend paid		$ 3	$ 3.15
Share price		11.31
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Appreciation rights, granted	174,011
Share price		$ 12.79
Award	$ 500,000
Accrued liability		$ 365,000	$ 320,000
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value, exercisable		125,000
Intrinsic value, outstanding		679,000
Unrecognized compensation		$ 630,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition		3 years 3 months 18 days
Dividend Paid [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Extraordinary dividend paid		$ 3

Concentrations (Details Narrati

Concentrations (Details Narrative) - USD ($)	9 Months Ended
	Jun. 30, 2021	Sep. 30, 2020
Top Ten Customers [Member]
Concentration Risk [Line Items]
Percent of revenue, top customer	59.70%
Top Customers [Member]
Concentration Risk [Line Items]
Percent of revenue, top customer	21.70%
Top Ten Custpmers [Member]
Concentration Risk [Line Items]
Accounts receivable, top ten customers	$ 3,262,000	$ 3,121,000

Purchase price of the business

Purchase price of the business (Details) - USD ($) $ in Thousands	1 Months Ended
	Nov. 30, 2019	Jun. 30, 2021	Sep. 30, 2020	Nov. 04, 2019
Business Acquisition [Line Items]
Goodwill		$ 3,637	$ 3,637
Danfair Transport [Member]
Business Acquisition [Line Items]
Fair value of consideration transferred	$ (1,425)
Acquisition related costs	$ 38
Property and equipment				$ 759
Prepaid tires				25
Customer relationships				436
Non-compete agreement				12
Vacation liability				(13)
Total identifiable net assets assumed				1,219
Goodwill				206
Total net assets assumed and goodwill				$ 1,425

Business Acquisition (Details N

Business Acquisition (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Nov. 04, 2019
Business Acquisition [Line Items]
Contingent consideration gain	$ 16,000	$ 150,000
Danfair Transport [Member]
Business Acquisition [Line Items]
Earned payout liability				$ 69,000	$ 425,000
Contingent consideration gain	$ 16,000		$ 340,000