Annual report pursuant to Section 13 and 15(d)

Note A - Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Note A - Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2018
Notes Tables  
Investments Classified by Contractual Maturity Date [Table Text Block]
    September 30, 2018   September 30, 2017
Less than one year   $
8,930,225
    $
5,937,150
 
1-5 years    
17,974,000
     
19,816,000
 
Total   $
26,904,225
    $
25,753,150
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
Year Ended     Balance at Beginning of Year       Additions Charged to Costs and Expenses       Less Write-offs       Balance at End of Year  
September 30, 2018   $
79,085
    $
-
    $
-
    $
79,085
 
September 30, 2017    
93,473
     
-
     
(14,388
)    
79,085
 
September 30, 2016    
79,473
     
25,000
     
(11,000
)    
93,473
 
Schedule of Inventory, Current [Table Text Block]
      September 30, 2018       September 30, 2017  
Raw materials   $
6,013,166
    $
5,991,863
 
Work-in-process    
560,988
     
724,248
 
Finished goods    
3,475,981
     
1,737,456
 
Inventories, net   $
10,050,135
    $
8,453,567
 
Property, Plant and Equipment [Table Text Block]
      September 30, 2018       September 30, 2017  
Manufacturing equipment   $
5,202,532
    $
5,370,962
 
Office equipment    
3,809,614
     
3,600,006
 
Leasehold improvements    
2,417,786
     
2,404,331
 
Vehicles    
226,221
     
193,702
 
Property, plant and equipment, gross    
11,656,153
     
11,569,001
 
Less accumulated depreciation    
6,911,569
     
6,134,829
 
Property, plant and equipment, net   $
4,744,584
    $
5,434,172
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
    September 30, 2018
      Years       Gross Carrying Amount       Accumulated Amortization       Net Book Value Amount  
Customer relationships    
15
    $
3,742,000
    $
155,917
    $
3,586,083
 
Certifications    
8
     
1,068,000
     
83,437
     
984,563
 
Trademarks    
8
     
563,000
     
43,984
     
519,016
 
Patents    
20
     
393,002
     
24,981
     
368,021
 
Other    
5
     
31,091
     
6,219
     
24,872
 
Totals    
 
    $
5,797,093
    $
314,538
    $
5,482,555
 
    September 30, 2017
      Years       Gross Carrying Amount       Accumulated Amortization       Net Book Value Amount  
Patents    
20
    $
269,433
    $
15,737
    $
253,696
 
Other    
5
     
31,091
     
-
     
31,091
 
Totals    
 
    $
300,524
    $
15,737
    $
284,787
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
  Year ending September 30       Amount  
  2019     $
471,215
 
  2020      
471,215
 
  2021      
471,215
 
  2022      
471,215
 
  2023      
464,997
 
  Thereafter      
3,132,698
 
  Total future amortization expense     $
5,482,555
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Year ended September 30,   2018   2017   2016
Net income   $
4,274,547
    $
3,847,839
    $
8,013,062
 
Weighted average common shares    
13,429,232
     
13,532,375
     
13,372,579
 
Dilutive potential common shares    
23,628
     
128,431
     
290,770
 
Weighted average dilutive common shares outstanding    
13,452,860
     
13,660,806
     
13,663,349
 
Earnings per share:                        
Basic   $
0.32
    $
0.28
    $
0.60
 
Diluted   $
0.32
    $
0.28
    $
0.59
 
Useful Lives [Member]  
Notes Tables  
Property, Plant and Equipment [Table Text Block]
    Years
Equipment  
3
-
7
Leasehold improvements    
7
-
10 or life of lease
Vehicles    
 
3