XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Sep. 30, 2022
Current assets    
Cash and cash equivalents $ 19,791,346 $ 17,250,546
Accounts receivables 3,966,646 4,297,457
Contract assets 162,742 162,742
Inventories 5,899,835 5,349,104
Prepaid expenses and other current assets 1,243,343 1,142,470
Total current assets 31,063,912 28,202,319
Property and equipment, net 6,200,951 6,292,189
Deferred income taxes 592,857 46,487
Other assets 264,666 164,328
Total assets 38,122,386 34,705,323
Current liabilities    
Accounts payable 1,499,181 708,845
Accrued expenses 1,862,191 2,972,275
Contract liability 191,731 259,183
Total current liabilities 3,553,103 3,940,303
Other liabilities 424,157 15,065
Total liabilities 3,977,260 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 March 31, 2023 and September 30, 2022
Common stock, $.001 par value: 75,000,000 shares authorized, 19,520,259 and 19,412,664 issued at March 31, 2023 and September 30, 2022 19,518 19,413
Additional paid-in capital 53,883,433 52,458,121
Retained Earnings (accumulated deficit) 1,610,712 (359,042)
Treasury stock, at cost, 2,096,451 shares at March 31, 2023 and September 30, 2022 (21,368,537) (21,368,537)
Total shareholders' equity 34,145,126 30,749,955
Total liabilities and shareholders' equity $ 38,122,386 $ 34,705,323