Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets Unaudited

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Condensed Balance Sheets Unaudited (USD $)
Dec. 31, 2011
Sep. 30, 2011
Cash and cash equivalents $ 7,375,003 $ 11,281,027
Short-term investments 3,878,000 1,849,000
Accounts receivable, net 2,026,758 3,228,864
Inventories 2,528,067 2,757,151
Deferred taxes 994,000 994,000
Other current assets 228,551 170,243
Total Current Assets 17,030,379 20,280,285
Property, plant and equipment, net 930,690 986,031
Long-term investments 5,314,000 2,707,000
Goodwill 2,570,511 2,570,511
Deferred taxes –long term 3,537,692 3,558,797
Other 199,467 199,467
Total other assets 11,621,670 9,035,775
Total Assets 29,582,739 30,302,091
Accounts payable 969,756 1,439,611
Accrued compensation 1,035,146 2,465,132
Accrued expenses 72,726 106,383
Total current liabilities 2,077,628 4,011,126
Deferred rent 56,202 61,794
Total Liabilities 2,133,830 4,072,920
Preferred stock, $.01 par value; authorized 500 shares; no shares outstanding      
Common stock, authorized 50,000,000, $.01 par value; 12,326,233 and 12,270,691, shares issued and outstanding at December 31, 2011 and September 30, 2011 123,262 122,707
Additional paid-in capital 53,621,722 53,402,138
Accumulated deficit (26,296,075) (27,295,674)
Total Shareholders’ Equity 27,448,909 26,229,171
Total Liabilities and Shareholders’ Equity $ 29,582,739 $ 30,302,091