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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Sales:        
Total net sales $ 4,203,127 $ 3,727,204 $ 8,180,777 $ 6,815,188
Cost of sales:        
Total cost of sales 1,856,921 2,082,347 3,668,768 3,675,616
Gross profit 2,346,206 1,644,857 4,512,009 3,139,572
Operating expenses:        
Research and development 648,482 1,031,622 1,244,854 1,955,343
Selling, general and administrative 1,524,657 1,756,746 2,998,073 3,379,301
Total operating expenses 2,173,139 2,788,368 4,242,927 5,334,644
Operating income (loss) 173,067 (1,143,511) 269,082 (2,195,072)
Interest income 26,480 11,681 48,032 21,305
Other income 10,746 15,664 32,600 37,096
Income (loss) before income taxes 210,293 (1,116,166) 349,714 (2,136,671)
Income tax expense 7,794 200,705 7,794 61,819
Net income (loss) $ 202,499 $ (1,316,871) $ 341,920 $ (2,198,490)
Net income(loss) per common share:        
Basic (in dollars per share) $ 0.01 $ (0.08) $ 0.02 $ (0.13)
Diluted (in dollars per share) $ 0.01 $ (0.08) $ 0.02 $ (0.13)
Weighted average shares outstanding:        
Basic (in shares) 16,860,568 16,800,244 16,850,584 16,791,687
Diluted (in shares) 16,875,720 16,800,244 16,858,160 16,791,687
Product        
Sales:        
Total net sales $ 3,706,910 $ 3,685,702 $ 7,482,419 $ 6,773,686
Cost of sales:        
Total cost of sales 1,567,861 2,072,124 3,291,142 3,665,393
Engineering development contracts        
Sales:        
Total net sales 496,217 41,502 698,358 41,502
Cost of sales:        
Total cost of sales $ 289,060 $ 10,223 $ 377,626 $ 10,223