Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v2.4.0.8
Balance Sheets (USD $)
Sep. 30, 2013
Sep. 30, 2012
Current Assets    
Cash and cash equivalents $ 9,807,957 $ 5,678,143
Short-term investments 5,992,000 9,107,000
Accounts receivable, net 7,837,543 3,022,636
Inventories 5,626,764 2,971,614
Deferred taxes 4,615,110 1,491,478
Other current assets 317,829 473,726
Total current assets 34,197,203 22,744,597
Property, plant and equipment, net 1,796,812 1,107,468
Other Assets    
Long-term investments 6,770,000 4,572,000
Goodwill 2,570,511 2,570,511
Deferred taxes 810,573 6,498,250
Other 268,240 247,512
Total other assets 10,419,324 13,888,273
Total Assets 46,413,339 37,740,338
Current Liabilities    
Accounts payable 2,627,764 1,492,294
Accrued compensation 3,522,907 1,470,232
Accrued expenses 163,531 54,268
Total current liabilities 6,314,202 3,016,794
Deferred rent 21,101 37,643
Total Liabilities 6,335,303 3,054,437
Shareholders’ Equity    
Preferred stock, $.01 par value; 500 shares; no shares issued or outstanding 0 0
Common stock, $ .01 par value; 50,000,000 shares authorized; 12,974,263 and 12,830,100 shares issued and outstanding at September 30, 2013 and 2012, respectively 129,743 128,301
Additional paid-in capital 54,808,929 54,152,080
Accumulated deficit (14,860,636) (19,594,480)
Total shareholders’ equity 40,078,036 34,685,901
Total Liabilities and Shareholders’ Equity $ 46,413,339 $ 37,740,338