Annual report pursuant to Section 13 and 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
Sep. 30, 2020
Sep. 30, 2019
Current Assets    
Cash and cash equivalents $ 16,449,636 $ 10,081,721
Short-term investments 10,582,527 13,524,270
Accounts receivables, net 10,496,672 9,118,639
Inventories, net 14,408,538 9,012,980
Other current assets 585,436 769,161
Total current assets 52,522,809 42,506,771
Property, plant and equipment, net 5,109,988 5,413,241
Other Assets    
Long-term investments 25,143,000 23,902,000
Goodwill 4,708,511 4,708,511
Intangible assets, net 4,829,047 5,147,135
Right of use lease assets 2,539,100
Deferred tax asset 178,118
Other 266,857 210,905
Total other assets 37,664,633 33,968,551
Total Assets 95,297,430 81,888,563
Current Liabilities    
Current portion of lease liability 665,584
Accounts payable 3,689,587 3,173,599
Accrued compensation 4,856,885 3,224,860
Accrued expenses 1,202,753 208,603
Total current liabilities 10,414,809 6,607,062
Other Liabilities    
Long-term portion of lease liability 2,129,343
Deferred tax liability 101,690
Deferred rent 246,424
Total other liabilities 2,129,343 348,114
Total liabilities 12,544,152 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; 13,649,962 and 13,641,805 shares issued and outstanding as of September 30, 2020 and September 30, 2019 136,500 136,418
Additional paid-in capital 57,502,905 56,976,162
Retained earnings 25,113,873 17,820,807
Total shareholders’ equity 82,753,278 74,933,387
Total Liabilities and Shareholders’ Equity $ 95,297,430 $ 81,888,563