Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets (USD $)
Sep. 30, 2014
Sep. 30, 2013
Current Assets    
Cash and cash equivalents $ 18,191,493 $ 9,807,957
Short-term investments 6,632,000 5,992,000
Accounts receivable, net 5,027,856 7,837,543
Inventories 5,390,342 5,626,764
Deferred taxes 2,249,435 4,615,110
Other current assets 543,257 317,829
Total current assets 38,034,383 34,197,203
Property, plant and equipment, net 2,462,250 1,796,812
Other Assets    
Long-term investments 8,302,000 6,770,000
Goodwill 2,570,511 2,570,511
Deferred taxes 156,622 810,573
Other 322,132 268,240
Total other assets 11,351,265 10,419,324
Total Assets 51,847,898 46,413,339
Current Liabilities    
Accounts payable 2,104,526 2,627,764
Accrued compensation 2,749,080 3,522,907
Accrued expenses 247,658 163,531
Total current liabilities 5,101,264 6,314,202
Deferred rent   21,101
Total Liabilities 5,101,264 6,335,303
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; 13,742,964 and 12,974,263 shares issued and outstanding at September 30, 2014 and 2013, respectively 137,430 129,743
Additional paid-in capital 56,036,989 54,808,929
Accumulated deficit (9,427,785) (14,860,636)
Total shareholders’ equity 46,746,634 40,078,036
Total Liabilities and Shareholders’ Equity $ 51,847,898 $ 46,413,339