Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets Unaudited

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Condensed Balance Sheets Unaudited (USD $)
Mar. 31, 2012
Sep. 30, 2011
Cash and cash equivalents $ 6,652,539 $ 11,281,027
Short-term investments 4,282,000 1,849,000
Accounts receivable, net 2,635,915 3,228,864
Inventories 3,077,388 2,757,151
Deferred taxes 994,000 994,000
Other current assets 454,772 170,243
Total Current Assets 18,096,614 20,280,285
Property, plant and equipment, net 924,291 986,031
Long-term investments 5,075,000 2,707,000
Goodwill 2,570,511 2,570,511
Deferred taxes –long term 3,517,727 3,558,797
Other 227,560 199,467
Total other assets 11,390,798 9,035,775
Total Assets 30,411,703 30,302,091
Accounts payable 1,648,867 1,439,611
Accrued compensation 981,612 2,465,132
Accrued expenses 29,784 106,383
Total current liabilities 2,660,263 4,011,126
Deferred rent 50,611 61,794
Total Liabilities 2,710,874 4,072,920
Preferred stock, $.01 par value; authorized 500 shares; no shares outstanding      
Common stock, authorized 50,000,000, $.01 par value; 12,339,275 and 12,270,691, shares issued and outstanding at March 31, 2012 and September 30, 2011 123,393 122,707
Additional paid-in capital 53,741,584 53,402,138
Accumulated deficit (26,164,148) (27,295,674)
Total Shareholders’ Equity 27,700,829 26,229,171
Total Liabilities and Shareholders’ Equity $ 30,411,703 $ 30,302,091