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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,265,666 $ 1,969,754
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 826,077 171,389
Share-based compensation expense    
Stock options 230,535 536,142
Stock awards 244,520 480,429
Gain on disposal of property and equipment (160,577)  
Deferred income taxes (691,803) (546,370)
(Increase) decrease in:    
Accounts receivable 3,682,529 330,811
Contract assets (743,468)  
Inventories (2,227,708) (550,731)
Prepaid expenses and other current assets 393,246 (77,192)
Other non-current assets (134,544) (107,228)
Increase (decrease) in:    
Accounts payable 1,309,848 790,336
Accrued expenses (382,070) (736,604)
Income taxes (148,703) 18,821
Contract liabilities (46,709) (67,452)
Net cash provided by operating activities 4,416,839 2,212,105
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (308,648) (80,151)
Proceeds from the sale of property and equipment 2,225,810  
Net cash provided by (used in) investing activities 1,917,162 (80,151)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of term note (19,500,000)  
Proceeds from line of credit note 24,491,634  
Repayments of line of credit note (13,848,749)  
Proceeds from exercise of stock options   408,846
Net cash (used in) provided by financing activities (8,857,115) 408,846
Net (decrease) increase in cash and cash equivalents (2,523,114) 2,540,800
Cash and cash equivalents, beginning of year 3,097,193 17,250,546
Cash and cash equivalents, end of year 574,079 19,791,346
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes 1,461,456 $ 1,065,506
SUPPLEMENTAL DISCLOSURE OF NONCASH INFORMATION    
Transfer from prepaid inventory to purchases of property and equipment 4,539,843  
Transfer from prepaid inventory to inventory $ 753,449