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Quarterly Financial Data (unaudited)
 12 Months Ended
Sep. 30, 2019
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, 2019 and September 30, 2018 are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended September 30, 2019

 

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

Net sales

 

$

3,977,650

 

$

4,203,127

 

$

4,589,824

 

$

4,801,988

Cost of sales

 

 

1,811,847

 

 

1,856,921

 

 

2,064,617

 

 

1,942,734

Gross profit

 

 

2,165,803

 

 

2,346,206

 

 

2,525,207

 

 

2,859,254

Operating  income

 

 

96,015

 

 

173,067

 

 

386,629

 

 

873,033

Net income

 

 

139,421

 

 

202,499

 

 

511,259

 

 

997,117

 

 

 

 

 

 

 

 

 

 

 

 

 

Net  income per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.01

 

$

0.01

 

$

0.03

 

$

0.06

Diluted

 

$

0.01

 

$

0.01

 

$

0.03

 

$

0.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended September 30, 2018

 

 

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

 

Net sales

 

$

3,087,984

 

$

3,727,204

 

$

3,389,663

 

$

3,645,521

 

Cost of sales

 

 

1,593,268

 

 

2,082,347

 

 

1,806,980

 

 

1,829,328

 

Gross profit

 

 

1,494,716

 

 

1,644,857

 

 

1,582,683

 

 

1,816,193

 

Operating (loss) income

 

 

(1,051,560)

 

 

(1,143,511)

 

 

(1,072,228)

 

 

(444,240)

 

Net (loss) income

 

 

(881,619)

 

 

(1,316,871)

 

 

(1,041,037)

 

 

(414,378)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.05)

 

$

(0.08)

 

$

(0.06)

 

$

(0.03)

 

Diluted

 

$

(0.05)

 

$

(0.08)

 

$

(0.06)

 

$

(0.03)

 

 

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.