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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Sep. 30, 2022
Current assets    
Cash and cash equivalents $ 3,097,193 $ 17,250,546
Accounts receivables 9,743,714 4,297,457
Contract assets 487,139 162,742
Inventories 6,139,713 5,349,104
Prepaid inventory 12,069,114  
Prepaid expenses and other current assets 1,073,012 1,142,470
Assets held for sale 2,063,818  
Total current assets 34,673,703 28,202,319
Goodwill 3,557,886  
Intangible assets, net 16,185,321 60,348
Property and equipment, net 7,892,427 6,292,189
Deferred income taxes 456,392 46,487
Other assets 191,722 103,980
Total assets 62,957,451 34,705,323
Current liabilities    
Current portion long-term debt 2,000,000  
Accounts payable 1,337,275 708,845
Accrued expenses 2,918,325 2,972,275
Contract liabilities 143,359 259,183
Total current liabilities 6,398,959 3,940,303
Long-term debt 17,500,000  
Other liabilities 421,508 15,065
Total liabilities 24,320,467 3,955,368
Commitments and contingencies (See Note 16)
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 September 30, 2023 and 2022
Common stock, $.001 par value: 75,000,000 shares authorized, 19,543,441 and 19,412,664 issued at September 30, 2023 and 2022, respectively 19,543 19,413
Additional paid-in capital 54,317,265 52,458,121
Retained Earnings (accumulated deficit) 5,668,713 (359,042)
Treasury stock, at cost, 2,096,451 shares at September 30, 2023 and at September 30, 2022 (21,368,537) (21,368,537)
Total shareholders' equity 38,636,984 30,749,955
Total liabilities and shareholders' equity $ 62,957,451 $ 34,705,323