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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net Sales:        
Total net sales $ 11,765,635 $ 7,959,208 $ 31,813,214 $ 21,815,917
Cost of sales:        
Total cost of sales 5,485,814 3,224,562 14,427,868 8,617,317
Gross profit 6,279,821 4,734,646 17,385,346 13,198,600
Operating expenses:        
Research and development 1,099,367 851,296 3,031,630 2,387,939
Selling, general and administrative 3,143,334 2,395,714 9,058,347 7,104,212
Total operating expenses 4,242,701 3,247,010 12,089,977 9,492,151
Operating income 2,037,120 1,487,636 5,295,369 3,706,449
Interest expense (172,784)   (704,267)  
Interest income 5,826 185,652 121,505 432,495
Other income 12,869 90,049 57,040 131,504
Income before income taxes 1,883,031 1,763,337 4,769,647 4,270,448
Income tax expense 330,511 339,958 951,461 877,315
Net income $ 1,552,520 $ 1,423,379 $ 3,818,186 $ 3,393,133
Net income per common share:        
Basic (in dollars per share) $ 0.09 $ 0.08 $ 0.22 $ 0.19
Diluted (in dollars per share) $ 0.09 $ 0.08 $ 0.22 $ 0.19
Weighted average shares outstanding:        
Basic (in shares) 17,461,652 17,576,969 17,455,903 17,415,358
Diluted(in shares) 17,467,259 17,577,588 17,476,089 17,419,265
Product        
Net Sales:        
Total net sales $ 5,127,056 $ 6,575,411 $ 14,446,753 $ 17,608,769
Cost of sales:        
Total cost of sales 2,106,629 2,831,511 6,235,668 7,450,205
Customer Service        
Net Sales:        
Total net sales 6,408,961 1,318,214 15,734,430 3,774,666
Cost of sales:        
Total cost of sales 3,101,875 371,359 7,291,096 1,088,014
Engineering development contracts        
Net Sales:        
Total net sales 229,618 65,583 1,632,031 432,482
Cost of sales:        
Total cost of sales $ 277,310 $ 21,692 $ 901,104 $ 79,098