Quarterly report pursuant to Section 13 or 15(d)

New Accounting Standards

New Accounting Standards
6 Months Ended
Apr. 01, 2023
New Accounting Standards [Abstract]  
New Accounting Standards
Note C—New Accounting Standards
Standards Not Yet Adopted
In June 2016, the FASB
issued ASU No. 2016-13,
Financial Instruments - Credit Losses
(Topic 326):
Measurement of Credit
Losses on Financial Instruments
2016-13”), which requires an entity to assess impairment of its financial instruments
based on the entity's estimate of expected credit losses. Since the
issuance of ASU
2016-13, the FASB released several amendments
to improve and clarify
the implementation guidance. These
standards have been collectively
codified within ASC Topic
Credit Losses
(“ASC 326”). As a smaller reporting company as defined by
the SEC, the provisions of ASC 326 are effective
as of the beginning of our fiscal year
2024. We are currently evaluating the impacts of the provisions of ASC 326 on our financial condition,
results of operations, cash flows, and disclosures.