| Disaggregation of Company's Net Revenue by Major Source |
The Company recognizes revenue under Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). The following table disaggregates the Company’s net revenue by major source for the quarters and six months ended March 31, 2025 and 2024:
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Quarter Ended March 31, |
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Six Months Ended March 31, |
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2025 |
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2024 |
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2025 |
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2024 |
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Equipment sales recognized over time |
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$ |
14,116,000 |
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$ |
12,380,000 |
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$ |
30,947,000 |
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$ |
22,213,000 |
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Equipment sales recognized at a point in time |
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12,121,000 |
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17,394,000 |
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19,709,000 |
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24,575,000 |
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Parts and component sales |
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8,874,000 |
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8,591,000 |
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15,025,000 |
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16,387,000 |
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Freight revenue |
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2,588,000 |
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1,762,000 |
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3,333,000 |
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2,897,000 |
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Other |
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505,000 |
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549,000 |
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606,000 |
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622,000 |
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Net revenue |
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$ |
38,204,000 |
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$ |
40,676,000 |
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$ |
69,620,000 |
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$ |
66,694,000 |
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| Schedule of Changes in Allowance for Credit Losses |
Changes in the allowance for credit losses as of March 31, 2025 consisted of the following:
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Balance, September 30, 2024 |
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$ |
390,000 |
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Provision for credit losses |
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— |
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Provision for estimated returns and allowances |
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275,000 |
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Uncollectible accounts written off |
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(12,000 |
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Returns and allowances issued |
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(155,000 |
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$ |
498,000 |
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