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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Sep. 30, 2022
Current assets    
Cash and cash equivalents $ 19,443,231 $ 17,250,546
Accounts receivables 3,316,519 4,297,457
Contract assets 162,742 162,742
Inventories 5,252,295 5,349,104
Prepaid expenses and other current assets 1,049,206 1,142,470
Total current assets 29,223,993 28,202,319
Property and equipment, net 6,239,496 6,292,189
Deferred income taxes 331,176 46,487
Other assets 160,862 164,328
Total assets 35,955,527 34,705,323
Current liabilities    
Accounts payable 842,262 708,845
Accrued expenses 2,508,971 2,972,275
Contract liability 83,221 135,686
Contract liability - related party 8,558 123,497
Total current liabilities 3,443,012 3,940,303
Other liabilities 421,938 15,065
Total liabilities 3,864,950 3,955,368
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, 2022 and September 30, 2022
Common stock, $.001 par value: 75,000,000 shares authorized, 19,470,248 and 19,412,664 issued at December 31, 2022 and September 30, 2022 19,470 19,413
Additional paid-in capital 53,100,035 52,458,121
Retained Earnings (accumulated deficit) 339,609 (359,042)
Treasury stock, at cost, 2,096,451 shares at December 31, 2022 and September 30, 2022 (21,368,537) (21,368,537)
Total shareholders' equity 32,090,577 30,749,955
Total liabilities and shareholders' equity $ 35,955,527 $ 34,705,323