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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,969,754 $ 2,562,628
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 171,389 188,136
Share-based compensation expense    
Stock options 536,142 90,185
Stock awards 480,429 159,995
Deferred income taxes (546,370) 527,141
(Increase) decrease in:    
Accounts receivable 330,811 (9,355)
Inventories (550,731) (143,869)
Prepaid expenses and other assets (77,192) (44,955)
Other non-current assets (107,228)  
Increase (decrease) in:    
Accounts payables 790,336 121,072
Accrued expenses (736,604) 67,412
Income taxes payable / receivable 18,821 59,978
Contract liability (67,452) (140,776)
Net cash provided by operating activities 2,212,105 3,437,592
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (80,151) (84,358)
Net cash used in investing activities (80,151) (84,358)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 408,846  
Net cash provided by financing activities 408,846  
Net increase in cash and cash equivalents 2,540,800 3,353,234
Cash and cash equivalents, beginning of period 17,250,546 8,265,606
Cash and cash equivalents, end of period 19,791,346 11,618,840
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes $ 1,065,506 $ 110,481