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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 574,079 $ 3,097,193
Accounts receivable 6,061,185 9,743,714
Contract assets 1,230,607 487,139
Inventories 9,120,870 6,139,713
Prepaid inventory 6,775,822 12,069,114
Prepaid expenses and other current assets 711,772 1,073,012
Assets held for sale   2,063,818
Total current assets 24,474,335 34,673,703
Goodwill 3,557,886 3,557,886
Intangible assets, net 15,648,321 16,185,321
Property and equipment, net 12,450,425 7,892,427
Deferred income taxes 1,173,227 456,392
Other assets 319,704 191,722
Total assets 57,623,898 62,957,451
Current liabilities    
Current portion of long-term debt 10,642,885 2,000,000
Accounts payable 2,647,123 1,337,275
Accrued expenses 2,415,095 2,918,325
Contract liability 96,650 143,359
Total current liabilities 15,801,753 6,398,959
Long-term debt   17,500,000
Other liabilities 444,440 421,508
Total liabilities 16,246,193 24,320,467
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, 2024 and September 30, 2023
Common stock, $.001 par value: 75,000,000 shares authorized, 19,556,434 and 19,543,441 issued at March 31, 2024 and September 30, 2023, respectively 19,556 19,543
Additional paid-in capital 54,792,307 54,317,265
Retained earnings 7,934,379 5,668,713
Treasury stock, at cost, 2,096,451 shares at March 31, 2024 and at September 30, 2023 (21,368,537) (21,368,537)
Total shareholders' equity 41,377,705 38,636,984
Total liabilities and shareholders' equity $ 57,623,898 $ 62,957,451