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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Sep. 30, 2021
Current assets    
Cash and cash equivalents $ 9,705,993 $ 8,265,606
Accounts receivable 3,721,216 4,046,337
Inventories 4,606,475 4,545,392
Prepaid expenses and other current assets 881,478 833,076
Total current assets 18,915,162 17,690,411
Property and equipment, net 8,131,449 8,143,483
Deferred income taxes 832,524 1,063,822
Other assets 181,655 188,284
Total assets 28,060,790 27,086,000
Current liabilities    
Accounts payable 500,464 623,620
Accrued expenses 1,435,528 1,431,115
Contract liability 335,854 417,504
Total current liabilities 2,271,846 2,472,239
Other liabilities 25,214 28,680
Total liabilities 2,297,060 2,500,919
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 December 31, 2021 and September 30, 2021
Common stock, $.001 par value: 75,000,000 shares authorized, 19,342,823 issued at December 31, 2021 and September 30, 2021 19,343 19,343
Additional paid-in capital 51,862,686 51,817,095
(Accumulated deficit) (4,749,762) (5,882,820)
Treasury stock, at cost, 2,096,451 shares at December 31, 2021 and September 30, 2021 (21,368,537) (21,368,537)
Total shareholders' equity 25,763,730 24,585,081
Total liabilities and shareholders' equity $ 28,060,790 $ 27,086,000