Annual report pursuant to Section 13 and 15(d)

Statements of Earnings

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Statements of Earnings - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 85,034,182 $ 77,651,354 $ 73,947,619
Cost of sales 52,345,059 46,654,570 43,683,360
Gross profit 32,689,123 30,996,784 30,264,259
Operating expenses      
Selling, general and administrative 27,500,989 25,925,933 24,952,376
Income from operations 5,188,134 5,070,851 5,311,883
Interest income 738,459 457,101 273,930
Income before income taxes 5,926,593 5,527,952 5,585,813
Income tax expense 1,360,437 1,253,405 1,737,974
Net income $ 4,566,156 $ 4,274,547 $ 3,847,839
Net income per share Basic (in dollars per share) $ 0.34 $ 0.32 $ 0.28
Net income per share Diluted (in dollars per share) $ 0.34 $ 0.32 $ 0.28
Weighted average shares outstanding:      
Basic (in shares) 13,442,871 13,429,232 13,532,375
Diluted (in shares) 13,451,214 13,452,860 13,660,806