Annual report pursuant to Section 13 and 15(d)

Statements of Earnings

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Statements of Earnings - USD ($)
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 77,651,354 $ 73,947,619 $ 75,287,726
Cost of sales 46,654,570 43,683,360 42,417,478
Gross profit 30,996,784 30,264,259 32,870,248
Operating expenses      
Selling, general, and administrative 25,925,933 24,952,376 22,138,556
Income from operations 5,070,851 5,311,883 10,731,692
Interest income 457,101 273,930 157,402
Income before income taxes 5,527,952 5,585,813 10,889,094
Income tax expense 1,253,405 1,737,974 2,876,032
Net income $ 4,274,547 $ 3,847,839 $ 8,013,062
Net income per share Basic (in dollars per share) $ 0.32 $ 0.28 $ 0.60
Net income per share Diluted (in dollars per share) $ 0.32 $ 0.28 $ 0.59
Shares used in calculation of net income per share:      
Basic (in shares) 13,429,232 13,532,375 13,372,579
Diluted (in shares) 13,452,860 13,660,806 13,663,349