XML 41 R27.htm IDEA: XBRL DOCUMENT v3.20.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2020
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

 

 

 

 

 

 

    

September 30, 

    

September 30, 

 

 

2020

 

2019

Raw materials

 

$

3,378,246

 

$

3,408,742

Work-in-process

 

 

656,382

 

 

775,770

Finished goods

 

 

256,707

 

 

286,182

 

 

$

4,291,335

 

$

4,470,694

 

Summary of contract assets and contract liabilities balances

 

 

 

 

 

 

 

 

    

Contract

    

Contract

 

 

Assets

 

Liabilities

September 30, 2019

 

$

80,182

 

$

29,231

Amount transferred to receivables from contract assets

 

 

(80,182)

 

 

 —

Contract asset additions

 

 

 —

 

 

 —

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

 

 

 —

 

 

(28,781)

Increases due to invoicing prior to satisfaction of performance obligations

 

 

 —

 

 

312,915

September 30, 2020

 

$

 —

 

$

313,365

 

Schedule of customer service revenue and cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Fiscal Year Ended September 30,

 

    

2020

    

2019

    

2018

 

 

 

 

 

 

 

 

 

 

Customer Service Sales

 

$

4,265,086

 

$

3,553,919

 

$

4,047,265

Customer Service Cost of Sales

 

 

1,457,995

 

 

1,374,227

 

 

1,724,167

Gross Profit

 

$

2,807,091

 

$

2,179,692

 

$

2,323,098

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement on September 30,  2020

 

    

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

 

$

11,607,293

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 —

 

$

 —