Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets Unaudited

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Condensed Balance Sheets Unaudited (USD $)
Jun. 30, 2012
Sep. 30, 2011
Cash and cash equivalents $ 5,980,743 $ 11,281,027
Short-term investments 5,837,000 1,849,000
Accounts receivable, net 4,092,673 3,228,864
Inventories 3,000,307 2,757,151
Deferred taxes 994,000 994,000
Other current assets 521,686 170,243
Total Current Assets 20,426,409 20,280,285
Property, plant and equipment, net 934,954 986,031
Long-term investments 4,806,000 2,707,000
Goodwill 2,570,511 2,570,511
Deferred taxes –long term 3,497,192 3,558,797
Other 229,779 199,467
Total other assets 11,103,482 9,035,775
Total Assets 32,464,845 30,302,091
Accounts payable 1,287,815 1,439,611
Accrued compensation 1,337,904 2,465,132
Accrued expenses 74,550 106,383
Total Current Liabilities 2,700,269 4,011,126
Deferred rent 45,019 61,794
Total Liabilities 2,745,288 4,072,920
Common stock, authorized 50,000,000, $.01 par value; 12,460,845 and 12,270,691, shares issued and outstanding at June 30, 2012 and September 30, 2011 124,608 122,707
Additional paid-in capital 54,017,137 53,402,138
Accumulated deficit (24,422,188) (27,295,674)
Total Shareholders’ Equity 29,719,557 26,229,171
Total Liabilities and Shareholders’ Equity $ 32,464,845 $ 30,302,091