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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales:        
Total net sales $ 5,953,689 $ 4,589,824 $ 15,300,182 $ 12,770,601
Cost of sales:        
Total cost of sales 2,559,016 2,064,617 7,008,691 5,733,385
Gross profit 3,394,673 2,525,207 8,291,491 7,037,216
Operating expenses:        
Research and development 870,805 722,525 2,249,439 1,967,379
Selling, general and administrative 1,279,422 1,416,053 4,514,085 4,414,126
Total operating expenses 2,150,227 2,138,578 6,763,524 6,381,505
Operating income 1,244,446 386,629 1,527,967 655,711
Interest income 7,767 99,916 152,358 147,948
Other income 16,261 24,714 44,760 57,314
Income before income taxes 1,268,474 511,259 1,725,085 860,973
Income tax expense (benefit) 8,616 0 (300,786) 7,794
Net income $ 1,259,858 $ 511,259 $ 2,025,871 $ 853,179
Net income per common share:        
Basic (in dollars per share) $ 0.07 $ 0.03 $ 0.12 $ 0.05
Diluted (in dollars per share) $ 0.07 $ 0.03 $ 0.12 $ 0.05
Weighted average shares outstanding:        
Basic (in shares) 16,952,973 16,880,341 16,931,049 16,860,503
Diluted (in shares) 17,087,275 16,978,643 17,097,414 16,898,321
Product        
Net sales:        
Total net sales $ 5,445,748 $ 4,458,446 $ 14,550,124 $ 11,940,865
Cost of sales:        
Total cost of sales 2,486,353 2,009,799 6,795,530 5,300,941
Engineering development contracts        
Net sales:        
Total net sales 507,941 131,378 750,058 829,736
Cost of sales:        
Total cost of sales $ 72,663 $ 54,818 $ 213,161 $ 432,444