Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.8.0.1
Balance Sheets - USD ($)
Sep. 30, 2017
Sep. 30, 2016
Current Assets    
Cash and cash equivalents $ 18,536,111 $ 28,014,321
Short-term investments 5,937,150 5,527,075
Accounts receivable, net 7,237,641 7,999,210
Inventories 8,453,567 8,373,155
Other current assets 978,933 1,198,917
Total current assets 41,143,402 51,112,678
Property, plant and equipment, net 5,434,172 5,780,814
Other Assets    
Long-term investments 19,816,000 10,703,000
Goodwill 2,570,511 2,570,511
Other 529,952 428,310
Total other assets 22,916,463 13,701,821
Total Assets 69,494,037 70,595,313
Current Liabilities    
Accounts payable 1,739,791 2,573,292
Accrued compensation 2,410,026 4,697,138
Accrued expenses 93,304 75,306
Total current liabilities 4,243,121 7,345,736
Other Liabilities    
Deferred taxes 444,076 411,779
Deferred rent 281,720 243,755
Total other liabilities 725,796 655,534
Total Liabilities 4,968,917 8,001,270
Commitment and Contingencies
Shareholders’ Equity    
Common stock, $ .01 par value; 50,000,000 shares authorized; 13,812,821 and 14,126,279 shares issued and outstanding at September 30, 2017 and 2016, respectively 138,128 141,263
Additional paid-in capital 55,406,888 57,320,515
Retained earnings 8,980,104 5,132,265
Total shareholders’ equity 64,525,120 62,594,043
Total Liabilities and Shareholders’ Equity 69,494,037 70,595,313
Series B Preferred Stock [Member]    
Shareholders’ Equity    
Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding