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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Sep. 30, 2018
Current assets    
Cash and cash equivalents $ 22,416,830 $ 20,390,713
Accounts receivable 2,348,537 3,449,893
Contract asset 80,182 0
Inventories 4,470,694 4,280,108
Prepaid expenses and other current assets 642,049 544,234
Total current assets 29,958,292 28,664,948
Property and equipment, net 8,444,692 8,786,737
Other assets 154,041 181,993
Total assets 38,557,025 37,633,678
Current liabilities    
Accounts payable 1,079,073 1,529,792
Accrued expenses 1,110,918 1,463,021
Contract liability 29,231 356,801
Total current liabilities 2,219,222 3,349,614
Non-current deferred income taxes 129,651 129,594
Total liabilities 2,348,873 3,479,208
Commitments and contingencies (See Note 14)
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 September 30, 2019 and 2018
Common stock, $.001 par value: 75,000,000 shares authorized, 19,005,487 and 18,937,050 issued at September 30, 2019 and 2018, respectively 19,006 18,937
Additional paid-in capital 51,987,096 51,783,779
Retained earnings 5,570,587 3,720,291
Treasury stock, at cost, 2,096,451 shares at September 30, 2019 and at September 30, 2018 (21,368,537) (21,368,537)
Total shareholders' equity 36,208,152 34,154,470
Total liabilities and shareholders' equity $ 38,557,025 $ 37,633,678