Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Inventories, Net

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Note 6 - Inventories, Net
6 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Inventory Disclosure [Text Block]
Note
6.
Inventories, net
 
Inventories consist of the following as of:
 
    March 31, 2018   September 30, 2017
Raw materials   $
5,399,534
    $
5,991,863
 
Work-in-progress    
805,616
     
724,248
 
Finished goods    
4,673,999
     
1,737,456
 
Inventories, net   $
10,879,149
    $
8,453,567
 
 
During the
six
months ended
March 31, 2018,
the Company adopted Accounting Standards Update (“ASU”)
2015
-
11,
 
Inventory (Topic
330
) Related to Simplifying the Measurement of Inventory
which applies to all inventory except inventory that is measured using last-in,
first
-out or the retail inventory method. This adoption had
no
effect on the financial statements and was applied prospectively. Therefore, prior periods were
not
retrospectively adjusted.