Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets (USD $)
Sep. 30, 2012
Sep. 30, 2011
Current Assets    
Cash and cash equivalents $ 5,678,143 $ 11,281,027
Short-term investments 9,107,000 1,849,000
Accounts receivable, net 3,022,636 3,228,864
Inventories 2,971,614 2,757,151
Deferred taxes 1,491,478 994,000
Other current assets 473,726 170,243
Total current assets 22,744,597 20,280,285
Property, plant and equipment, net 1,107,468 986,031
Other Assets    
Long-term investments 4,572,000 2,707,000
Goodwill 2,570,511 2,570,511
Deferred taxes 6,498,250 3,558,797
Other 247,512 199,467
Total other assets 13,888,273 9,035,775
Total Assets 37,740,338 30,302,091
Current Liabilities    
Accounts payable 1,492,294 1,439,611
Accrued compensation 1,470,232 2,465,132
Accrued expenses 54,268 106,383
Total current liabilities 3,016,794 4,011,126
Deferred rent 37,643 61,794
Total Liabilities 3,054,437 4,072,920
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; 12,830,100 and 12,270,691 shares issued and outstanding at September 30, 2012 and 2011, respectively 128,301 122,707
Additional paid-in capital 54,152,080 53,402,138
Accumulated deficit (19,594,480) (27,295,674)
Total shareholders’ equity 34,685,901 26,229,171
Total Liabilities and Shareholders’ Equity $ 37,740,338 $ 30,302,091