Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Sep. 30, 2019
Sep. 30, 2018
Current Assets    
Cash and cash equivalents $ 10,081,721 $ 8,547,777
Short-term investments 13,524,270 8,930,225
Accounts receivables, net 9,118,639 12,821,258
Inventories, net 9,012,980 10,050,135
Other current assets 769,161 742,136
Total current assets 42,506,771 41,091,531
Property, plant and equipment, net 5,413,241 4,744,584
Other Assets    
Long-term investments 23,902,000 17,974,000
Goodwill 4,708,511 4,708,511
Intangible assets, net 5,147,135 5,482,555
Other 210,905 227,461
Total other assets 33,968,551 28,392,527
Total Assets 81,888,563 74,228,642
Current Liabilities    
Accounts payable 3,173,599 2,363,380
Accrued compensation 3,224,860 2,048,904
Accrued expenses 208,603 568,507
Total current liabilities 6,607,062 4,980,791
Other Liabilities    
Deferred taxes 101,690 104,935
Deferred rent 246,424 268,040
Total other liabilities 348,114 372,975
Total liabilities 6,955,176 5,353,766
Shareholders’ Equity    
Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding
Common stock, authorized 50,000,000, $.01 par value; 13,641,805 and 13,646,553, shares issued and outstanding as of September 30, 2019 and September 30, 2018 136,418 136,466
Additional paid-in capital 56,976,162 55,483,759
Retained earnings 17,820,807 13,254,651
Total shareholders’ equity 74,933,387 68,874,876
Total Liabilities and Shareholders’ Equity $ 81,888,563 $ 74,228,642