Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Inventories

v3.10.0.1
Note 6 - Inventories
 3 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Inventory Disclosure [Text Block]
Note
6.
Inventories
 
Inventories consist of the following as of:
 
   
December 31,
2018
   September 30,
2018
Raw materials   $
5,775,216
     $
6,013,166
  
Work-in-progress    
529,767
      
560,988
  
Finished goods    
3,321,133
      
3,475,981
  
Inventories, net   $
9,626,116
     $
10,050,135
  
 
During the
three
months ended
December 31, 2017,
the Company adopted ASU
2015
-
11,
 
Inventory (Topic
330
) Related to Simplifying the Measurement of Inventory
which applies to all inventory except inventory that is measured using last-in,
first
-out or the retail inventory method. This adoption had
no
effect on the financial statements and was applied prospectively. Therefore, prior periods were
not
retrospectively adjusted.