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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net Sales:        
Total net sales $ 10,739,516 $ 7,340,454 $ 20,047,579 $ 13,856,709
Cost of sales:        
Total cost of sales 5,157,154 2,600,303 8,942,055 5,392,755
Gross profit 5,582,362 4,740,151 11,105,524 8,463,954
Operating expenses:        
Research and development 1,031,119 866,198 1,932,263 1,536,643
Selling, general and administrative 2,908,193 2,446,635 5,915,012 4,708,498
Total operating expenses 3,939,312 3,312,833 7,847,275 6,245,141
Operating income 1,643,050 1,427,318 3,258,249 2,218,813
Interest expense (171,470)   (531,483)  
Interest income 36,200 130,951 115,679 246,843
Other income 26,472 23,258 44,171 41,455
Income before income taxes 1,534,252 1,581,527 2,886,616 2,507,111
Income tax expense 325,936 310,424 620,950 537,357
Net income $ 1,208,316 $ 1,271,103 $ 2,265,666 $ 1,969,754
Net income per common share:        
Basic (in dollars per share) $ 0.07 $ 0.07 $ 0.13 $ 0.11
Diluted (in dollars per share) $ 0.07 $ 0.07 $ 0.13 $ 0.11
Weighted average shares outstanding:        
Basic (in shares) 17,456,120 17,352,340 17,453,741 17,334,553
Diluted(in shares) 17,487,527 17,354,030 17,481,217 17,340,104
Product        
Net Sales:        
Total net sales $ 4,895,589 $ 5,945,151 $ 9,319,697 $ 11,035,358
Cost of sales:        
Total cost of sales 2,347,695 2,202,750 4,129,040 4,618,694
Customer Service        
Net Sales:        
Total net sales 5,098,222 1,395,303 9,325,469 2,454,452
Cost of sales:        
Total cost of sales 2,462,260 $ 397,553 4,189,221 716,655
Engineering development contracts        
Net Sales:        
Total net sales 745,705   1,402,413 366,899
Cost of sales:        
Total cost of sales $ 347,199   $ 623,794 $ 57,406