Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows, Unaudited

v2.4.1.9
Condensed Statements of Cash Flows, Unaudited (USD $)
 6 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net income $ 1,358,034us-gaap_NetIncomeLoss $ 3,208,631us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 545,782us-gaap_DepreciationDepletionAndAmortization 309,835us-gaap_DepreciationDepletionAndAmortization
Deferred taxes 712,000us-gaap_DeferredIncomeTaxExpenseBenefit 1,691,885us-gaap_DeferredIncomeTaxExpenseBenefit
(Gain) loss on disposal of assets (13,290)us-gaap_GainLossOnDispositionOfAssets 6,338us-gaap_GainLossOnDispositionOfAssets
Stock-based compensation 564,466us-gaap_ShareBasedCompensation 374,369us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:    
Accounts receivable, net 272,089us-gaap_IncreaseDecreaseInAccountsReceivable 4,408,039us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 226,121us-gaap_IncreaseDecreaseInInventories 770,865us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other (363,352)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (660,652)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses (386,692)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 223,365us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 2,915,158us-gaap_NetCashProvidedByUsedInOperatingActivities 10,332,675us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities    
Purchases of property, plant and equipment and intangible assets (3,328,579)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (331,591)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchases of investments (4,168,000)us-gaap_PaymentsToAcquireInvestments (7,411,000)us-gaap_PaymentsToAcquireInvestments
Proceeds from maturities of investments 4,166,000us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities 4,667,000us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
Net cash used in investing activities (3,330,579)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,075,591)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Proceeds from issuance of common stock under employee stock purchase plan 105,615us-gaap_ProceedsFromIssuanceOfCommonStock 90,417us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from issuance of common stock upon exercise of stock options 28,967us-gaap_ProceedsFromStockOptionsExercised 101,034us-gaap_ProceedsFromStockOptionsExercised
Tax withholding related to exercise of stock options   (129,488)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Repurchase of common stock (849,157)us-gaap_PaymentsForRepurchaseOfCommonStock  
Net cash (used in) provided by financing activities (714,575)us-gaap_NetCashProvidedByUsedInFinancingActivities 61,963us-gaap_NetCashProvidedByUsedInFinancingActivities
(Decrease) increase in cash and cash equivalents (1,129,996)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 7,319,047us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 18,191,493us-gaap_CashAndCashEquivalentsAtCarryingValue 9,807,957us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 17,061,497us-gaap_CashAndCashEquivalentsAtCarryingValue 17,127,004us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures for cash flow information    
Cash paid during the year for income taxes 4,750us-gaap_IncomeTaxesPaid 263,139us-gaap_IncomeTaxesPaid
Non-cash financing activities    
Cashless exercise of stock options $ 80,802clfd_IssuanceOfCommonStockFundedThroughSharesSoldToCompany $ 179,609clfd_IssuanceOfCommonStockFundedThroughSharesSoldToCompany