XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 848,722 $ 766,013
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 224,478 205,154
Share-based compensation expense:    
Stock options 90,185  
Stock awards 159,980 159,992
Excess and obsolete inventory cost (195,762)  
Deferred income taxes   38
(Increase) decrease in:    
Accounts receivable 1,521,544 (336,444)
Contract asset   (106,666)
Inventories (167,014) (350,368)
Prepaid expenses and other current assets (160,952) (105,615)
Income taxes receivable   (310,133)
Increase (decrease) in:    
Accounts payable 263,517 276,682
Accrued expenses (92,642) (13,990)
Income taxes payable 29,181 (1,763)
Contract liability (221,293) 67,905
Net cash provided by (used in) operating activities 2,299,944 250,805
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (299,028) (32,420)
Net cash (used in) investing activities (299,028) (32,420)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options   8,822
Dividend paid (19,788,092)  
Net cash (used in) provided by financing activities (19,788,092) 8,822
Net (decrease) increase in cash and cash equivalents and restricted cash (17,787,176) 227,207
Cash and cash equivalents and restricted cash, beginning of year 23,784,867 22,416,830
Cash and cash equivalents and restricted cash, end of year 5,997,691 22,644,037
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes $ 481 $ 2,456