Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Current Period Unaudited)

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Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2019
Sep. 30, 2019
Current Assets    
Cash and cash equivalents $ 10,586,850 $ 10,081,721
Short-term investments 14,523,321 13,524,270
Accounts receivables, net 7,025,727 9,118,639
Inventories, net 10,630,441 9,012,980
Other current assets 825,065 769,161
Total current assets 43,591,404 42,506,771
Property, plant and equipment, net 5,682,166 5,413,241
Other Assets    
Long-term investments 21,704,000 23,902,000
Goodwill 4,708,511 4,708,511
Intangible assets, net 5,059,707 5,147,135
Right of use lease asset 2,215,103
Other 202,539 210,905
Total other assets 33,889,860 33,968,551
Total Assets 83,163,430 81,888,563
Current Liabilities    
Current portion of lease liability 516,167
Accounts payable 2,316,100 3,173,599
Accrued compensation 2,120,735 3,224,860
Accrued expenses 327,154 208,603
Total current liabilities 5,280,156 6,607,062
Other Liabilities    
Long term portion of lease liability 1,940,024
Deferred taxes 101,690 101,690
Deferred rent 246,424
Total other liabilities 2,041,714 348,114
Total liabilities 7,321,870 6,955,176
Shareholders’ Equity    
Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding
Common stock, authorized 50,000,000, $.01 par value; 13,657,459 and 13,641,805 shares issued and outstanding as of December 31, 2019 and September 30, 2019 136,575 136,418
Additional paid-in capital 57,383,020 56,976,162
Retained earnings 18,321,965 17,820,807
Total shareholders’ equity 75,841,560 74,933,387
Total Liabilities and Shareholders’ Equity $ 83,163,430 $ 81,888,563