Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Sep. 30, 2015
Sep. 30, 2014
Current Assets    
Cash and cash equivalents $ 18,071,210 $ 18,191,493
Short-term investments 7,925,000 6,632,000
Accounts receivable, net 6,010,900 5,027,856
Inventories 7,182,854 5,390,342
Deferred taxes 1,146,899 2,249,435
Other current assets 416,766 543,257
Total current assets 40,753,629 38,034,383
Property, plant and equipment, net 5,689,673 2,462,250
Other Assets    
Long-term investments 8,290,000 8,302,000
Goodwill $ 2,570,511 2,570,511
Deferred taxes 156,622
Other $ 323,804 322,132
Total other assets 11,184,315 11,351,265
Total Assets 57,627,617 51,847,898
Current Liabilities    
Accounts payable 2,357,791 2,104,526
Accrued compensation 2,598,661 2,749,080
Accrued expenses 80,803 247,658
Total current liabilities 5,037,255 $ 5,101,264
Other Liabilities    
Deferred taxes 1,082,887
Deferred rent 228,345
Total other liabilities 1,311,232
Total Liabilities $ 6,348,487 $ 5,101,264
Commitment and Contingencies
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; 13,705,658 and 13,742,964 shares issued and outstanding at September 30, 2015 and 2014, respectively 137,057 137,430
Additional paid-in capital 55,887,850 56,036,989
Accumulated deficit (4,745,777) (9,427,785)
Total shareholders’ equity 51,279,130 46,746,634
Total Liabilities and Shareholders’ Equity $ 57,627,617 $ 51,847,898