Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets Unaudited

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Condensed Balance Sheets Unaudited (USD $)
Jun. 30, 2011
Sep. 30, 2010
Cash and cash equivalents $ 8,229,087 $ 5,285,719
Short-term investments 3,141,000 1,764,868
Accounts receivable, net 3,681,152 3,244,379
Inventories 2,197,569 1,512,306
Other current assets 254,417 129,079
Total Current Assets 17,503,225 11,936,351
Property, plant and equipment, net 910,422 1,273,107
Long-term investments 2,216,000 3,236,163
Goodwill 2,570,511 2,570,511
Deferred taxes –long term 2,083,757 2,145,362
Other 176,368 176,368
Patents 23,099 23,099
Total other assets 7,069,735 8,151,503
Total Assets 25,483,382 21,360,961
Accounts payable 1,301,687 1,188,261
Accrued compensation 2,110,037 765,181
Accrued expenses 91,562 82,867
Total current liabilities 3,503,286 2,036,309
Deferred rent 67,386 78,585
Total Liabilities 3,570,672 2,114,894
Common stock, authorized 50,000,000, $.01 par value; 12,136,482 and 12,015,331, shares issued and outstanding at June 30, 2011 and September 30, 2010 121,365 120,153
Additional paid-in capital 52,942,990 52,589,034
Accumulated deficit (31,151,645) (33,463,120)
Total Shareholders’ Equity 21,912,710 19,246,067
Total Liabilities and Shareholders’ Equity $ 25,483,382 $ 21,360,961