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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 521,041 $ 3,097,193
Accounts receivable 7,329,662 9,743,714
Contract assets 1,098,301 487,139
Inventories 14,540,172 6,139,713
Prepaid inventory 1,899,013 12,069,114
Prepaid expenses and other current assets 984,684 1,073,012
Assets held for sale   2,063,818
Total current assets 26,372,873 34,673,703
Goodwill 4,074,466 3,557,886
Intangible assets, net 16,089,821 16,185,321
Property and equipment, net 11,590,207 7,892,427
Deferred income taxes 1,109,598 456,392
Other assets 545,980 191,722
Total assets 59,782,945 62,957,451
Current liabilities    
Current portion of long-term debt 9,859,074 2,000,000
Accounts payable 3,343,876 1,337,275
Accrued expenses 2,818,405 2,918,325
Contract liability 131,534 143,359
Total current liabilities 16,152,889 6,398,959
Long-term debt   17,500,000
Other liabilities 448,931 421,508
Total liabilities 16,601,820 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 June 30, 2024 and September 30, 2023
Common stock, $.001 par value: 75,000,000 shares authorized, 19,590,156 and 19,543,441 issued at June 30, 2024 and September 30, 2023, respectively 19,589 19,543
Additional paid-in capital 55,043,174 54,317,265
Retained earnings 9,486,899 5,668,713
Treasury stock, at cost, 2,096,451 shares at June 30, 2024 and at September 30, 2023 (21,368,537) (21,368,537)
Total shareholders' equity 43,181,125 38,636,984
Total liabilities and shareholders' equity $ 59,782,945 $ 62,957,451