Annual report pursuant to Section 13 and 15(d)

Statements Of Cash Flows

v2.3.0.15
Statements Of Cash Flows (USD $)
 12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Net income $ 6,167,446 $ 1,180,954
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 358,502 498,014
Deferred income taxes (2,407,435) 86,628
Gain on sale of assets (44,173)  
Stock-based compensation expense 535,347 167,725
Changes in operating assets and liabilities:    
Accounts receivable, net 15,515 (520,965)
Inventories (1,244,845) (358,444)
Other current assets (41,164) 8,406
Accounts payable and accrued expenses 1,958,026 (432,973)
Net cash provided by operating activities 5,297,219 629,345
Cash flows from investing activities:    
Purchases of property and equipment (745,790) (452,675)
Purchase of investments (1,886,659) (2,479,465)
Proceeds from sale of property and equipment 718,537 1,046
Patent additions   (23,099)
Sale of investments 2,331,690 2,427,000
Proceeds from notes receivable   435,336
Net cash used in investing activities 417,778 (91,857)
Cash flows from financing activities:    
Payment of long-term debt   (33,081)
Proceeds from issuance of common stock under employee stock purchase plan 87,667  
Proceeds from issuance of common stock 180,166 49,577
Excess tax benefit from exercise of stock options 12,478  
Net cash provided by financing activities 280,311 16,496
Increase in cash and cash equivalents 5,995,308 553,984
Cash and cash equivalents at beginning of year 5,285,719 4,731,735
Cash and cash equivalents at end of year 11,281,027 5,285,719
Supplemental cash flow information: Cash paid during the year for:    
Interest   820
Income Taxes $ 48,263 $ 26,802