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Quarterly Financial Data (unaudited):
 12 Months Ended
Sep. 30, 2015
Quarterly Financial Data (unaudited):  
Quarterly Financial Data (unaudited):

 

16.  Quarterly Financial Data (unaudited):

 

Summarized quarterly results of operations of the Company for the years ended September 30, 2015 and September 30, 2014 are presented below:

 

 

 

Fiscal Year Ended September 30, 2015

 

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Net sales

 

$
6,724,255

 

$
5,286,050

 

$
4,919,690

 

$
3,137,089

 

Cost of sales

 
3,962,450

 
3,702,654

 
2,988,045

 
2,482,200

 

Gross profit

 
2,761,805

 
1,583,396

 
1,931,645

 
654,889

 

Operating income (loss)

 
166,315

 
(637,965

)
(264,862

)
(2,884,231

)

Net income (loss)

 
593,742

 
(364,091

)
(3,531,973

)
(2,563,812

)

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

Basic

 

$
0.04

 

$
(0.02

)

$
(0.21

)

$
(0.15

)

Diluted

 

$
0.03

 

$
(0.02

)

$
(0.21

)

$
(0.15

)

 

 

 

Fiscal Year Ended September 30, 2014

 

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Net sales

 

$
11,105,811

 

$
12,495,016

 

$
10,575,976

 

$
9,918,221

 

Cost of sales

 
7,325,375

 
8,709,891

 
7,413,849

 
7,059,709

 

Gross profit

 
3,780,436

 
3,785,125

 
3,162,127

 
2,858,512

 

Operating income

 
1,408,624

 
1,089,640

 
659,901

 
(3,301,032

)

Net income

 
1,008,596

 
784,217

 
497,030

 
(2,089,575

)

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

 

 

Basic

 

$
0.06

 

$
0.05

 

$
0.03

 

$
(0.12

)

Diluted

 

$
0.06

 

$
0.05

 

$
0.03

 

$
(0.12

)

 

Quarterly and full fiscal year EPS are calculated independently based on the weighted average number of shares outstanding during each period.  As a result, the sum of each quarter’s per share amount may not equal the total per share amount for the respective year.