Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.5.0.2
Balance Sheets - USD ($)
Sep. 30, 2016
Sep. 30, 2015
Current Assets    
Cash and cash equivalents $ 28,014,321 $ 18,071,210
Short-term investments 5,527,075 7,925,000
Accounts receivable, net 7,999,210 6,010,900
Inventories 8,373,155 7,182,854
Deferred taxes 1,146,899
Other current assets 1,198,917 416,766
Total current assets 51,112,678 40,753,629
Property, plant and equipment, net 5,780,814 5,689,673
Other Assets    
Long-term investments 10,703,000 8,290,000
Goodwill 2,570,511 2,570,511
Other 428,310 323,804
Total other assets 13,701,821 11,184,315
Total Assets 70,595,313 57,627,617
Current Liabilities    
Accounts payable 2,573,292 2,357,791
Accrued compensation 4,697,138 2,598,661
Accrued expenses 75,306 80,803
Total current liabilities 7,345,736 5,037,255
Other Liabilities    
Deferred taxes 411,779 1,082,887
Deferred rent 243,755 228,345
Total other liabilities 655,534 1,311,232
Total Liabilities 8,001,270 6,348,487
Commitment and Contingencies
Shareholders’ Equity    
Preferred stock, $.01 par value; 500 shares; no shares issued or outstanding
Common stock, $ .01 par value; 50,000,000 shares authorized; 14,126,279 and 13,705,658 shares issued and outstanding at September 30, 2016 and 2015, respectively 141,263 137,057
Additional paid-in capital 57,320,515 55,887,850
Retained earnings (accumulated deficit) 5,132,265 (4,745,777)
Total shareholders’ equity 62,594,043 51,279,130
Total Liabilities and Shareholders’ Equity $ 70,595,313 $ 57,627,617