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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 538,977 $ 3,097,193
Accounts receivable 12,612,482 9,743,714
Contract assets 1,680,060 487,139
Inventories 12,732,381 6,139,713
Prepaid inventory 5,960,404 12,069,114
Prepaid expenses and other current assets 1,161,394 1,073,012
Assets held for sale 0 2,063,818
Total current assets 34,685,698 34,673,703
Goodwill 5,213,104 3,557,886
Intangible assets, net 27,012,292 16,185,321
Property and equipment, net 13,372,298 7,892,427
Deferred income taxes 1,625,144 456,392
Other assets 473,725 191,722
Total assets 82,382,261 62,957,451
Current liabilities    
Current portion of long-term debt   2,000,000
Accounts payable 2,315,479 1,337,275
Accrued expenses 4,609,294 2,918,325
Contract liability 340,481 143,359
Total current liabilities 7,265,254 6,398,959
Long-term debt 28,027,002 17,500,000
Other liabilities 451,350 421,508
Total liabilities 35,743,606 24,320,467
Commitments and contingencies (See Note 16)
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 September 30, 2024 and September 30, 2023
Common stock, $.001 par value: 75,000,000 shares authorized, 19,599,052 and 19,543,441 issued at September 30, 2024 and September 30, 2023, respectively 19,599 19,543
Additional paid-in capital 55,320,500 54,317,265
Retained earnings 12,667,093 5,668,713
Treasury stock, at cost, 2,096,451 shares at September 30, 2024 and at September 30, 2023 (21,368,537) (21,368,537)
Total shareholders' equity 46,638,655 38,636,984
Total liabilities and shareholders' equity $ 82,382,261 $ 62,957,451