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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Sep. 30, 2019
Current assets    
Cash and cash equivalents $ 22,984,249 $ 22,416,830
Accounts receivable 3,864,656 2,348,537
Contract asset 0 80,182
Inventories 4,709,342 4,470,694
Prepaid expenses and other current assets 1,107,723 642,049
Total current assets 32,665,970 29,958,292
Property and equipment, net 8,225,732 8,444,692
Other assets 205,276 154,041
Total assets 41,096,978 38,557,025
Current liabilities    
Accounts payable 949,080 1,079,073
Accrued expenses 1,506,790 1,110,918
Contract liability 106,341 29,231
Total current liabilities 2,562,211 2,219,222
Deferred income taxes 129,689 129,651
Other liabilities 2,241 0
Total liabilities 2,694,141 2,348,873
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, 2020 and September 30, 2019
Common stock, $.001 par value: 75,000,000 shares authorized, 19,080,877 and 19,005,487 issued at June 30, 2020 and September 30, 2019 19,081 19,006
Additional paid-in capital 52,155,835 51,987,096
Retained earnings 7,596,458 5,570,587
Treasury stock, at cost, 2,096,451 shares at June 30, 2020 and September 30, 2019 (21,368,537) (21,368,537)
Total shareholders' equity 38,402,837 36,208,152
Total liabilities and shareholders' equity $ 41,096,978 $ 38,557,025