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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Sep. 30, 2018
Current assets    
Cash and cash equivalents $ 22,563,411 $ 20,390,713
Accounts receivable 1,441,827 3,449,893
Contract asset 30,170  
Inventories 4,445,184 4,280,108
Prepaid expenses and other current assets 576,842 544,234
Total current assets 29,057,434 28,664,948
Property and equipment, net 8,541,798 8,786,737
Other assets 160,157 181,993
Total assets 37,759,389 37,633,678
Current liabilities    
Accounts payable 823,137 1,529,792
Accrued expenses 1,412,579 1,463,021
Contract liability 183,011 356,801
Total current liabilities 2,418,727 3,349,614
Deferred income taxes 129,627 129,594
Total liabilities 2,548,354 3,479,208
Commitments and contingencies (See Note 6)
Shareholders' equity    
Preferred stock, 10,000,000 shares authorized, $.001 par value, of which 200,000 shares are authorized as Class A Convertible stock. No shares issued and outstanding at June 30, 2019 and September 30, 2018
Common stock, $.001 par value: 75,000,000 shares authorized, 19,005,487 and 18,937,050 issued at June 30, 2019 and September 30, 2018 19,006 18,937
Additional paid-in capital 51,987,096 51,783,779
Retained earnings 4,573,470 3,720,291
Treasury stock, at cost, 2,096,451 shares at June 30, 2019 and September 30, 2018 (21,368,537) (21,368,537)
Total shareholders' equity 35,211,035 34,154,470
Total liabilities and shareholders' equity $ 37,759,389 $ 37,633,678