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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2019
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

September 30,

    

September 30,

 

 

2019

 

2018

Raw materials

 

$

3,408,742

 

$

2,892,366

Work-in-process

 

 

775,770

 

 

817,051

Finished goods

 

 

286,182

 

 

570,691

 

 

$

4,470,694

 

$

4,280,108

 

Summary of contract liabilities balance

 

 

 

 

 

 

 

 

    

Contract

    

Contract

 

 

Assets

 

Liabilities

September 30, 2018

 

$

 —

 

$

356,801

Amount transferred to receivables from contract assets

 

 

 —

 

 

 —

Contract asset additions

 

 

80,182

 

 

 —

Performance obligations satisfied during the period that were included in the contract liability balance at the beginning of the period

 

 

 —

 

 

(356,801)

Increases due to invoicing prior to satisfaction of performance obligations

 

 

 —

 

 

29,231

September 30, 2019

 

$

80,182

 

$

29,231

 

Schedule of customer service revenue and cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Fiscal Year Ended September 30,

 

    

2019

    

2018

    

2017

 

 

 

 

 

 

 

 

 

 

Customer Service Sales

 

$

3,553,919

 

$

4,047,265

 

$

3,232,712

Customer Service Cost of Sales

 

 

1,374,227

 

 

1,724,167

 

 

1,520,146

Gross Profit

 

$

2,179,692

 

$

2,323,098

 

$

1,712,566

 

Schedule of financial assets and liabilities accounted for at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement on September 30, 2019

 

    

Quoted Price in

    

Significant Other

    

Significant

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

Identical Assets

 

Inputs

 

Inputs

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

Assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

21,450,242

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement on September 30, 2018

 

    

Quoted Price in

    

Significant Other

    

Significant

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

Identical Assets

 

Inputs

 

Inputs

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

Assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

19,725,474

 

$

 —

 

$

 —