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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 6,998,380 $ 6,027,755 $ 5,523,778
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,097,942 697,943 368,499
Share-based compensation expense      
Stock options 301,101 756,198 166,617
Restricted stock awards 702,191 694,230 173,325
Impairment of long-lived assets   44,400  
Gain on disposal of property and equipment (160,577)   (1,191,743)
Excess and obsolete inventory cost   44,308  
Deferred income taxes (1,136,809) 9,503 1,017,335
(Increase) decrease in:      
Accounts receivable (2,868,768) (5,446,257) (251,120)
Contract assets (1,192,921) (324,397) (162,742)
Inventories (2,338,176) (834,917) (708,859)
Prepaid expenses and other current assets 811,669 69,458 (309,394)
Other non-current assets (294,969) (101,356)  
Increase (decrease) in:      
Accounts payable 978,203 628,430 85,224
Accrued expenses 624,346 203,754 1,272,826
Income taxes payable 1,077,488 (257,055) 269,015
Contract liabilities 197,122 (115,823) (158,321)
Net cash provided by operating activities 5,796,222 2,096,174 6,094,440
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (657,790) (298,373) (161,230)
Acquisition of assets (4,249,460)    
Acquisition of a business (14,200,000) (35,860,000)  
Proceeds from the sale of property and equipment 2,225,810   2,750,576
Net cash (used in) provided by investing activities (16,881,440) (36,158,373) 2,589,346
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options   408,846 301,154
Debt payments (43,825,825) (500,000)  
Debt proceeds 52,352,827 20,000,000  
Net cash provided by financing activities 8,527,002 19,908,846 301,154
Net (decrease) increase in cash and cash equivalents (2,558,216) (14,153,353) 8,984,940
Cash and cash equivalents, beginning of year 3,097,193 17,250,546 8,265,606
Cash and cash equivalents, end of year 538,977 3,097,193 17,250,546
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for income taxes 1,913,456 1,855,069 $ 531,481
Cash paid for interest 847,085 $ 260,889  
SUPPLEMENTAL DISCLOSURE OF NONCASH INFORMATION      
Transfer from prepaid inventory to purchases of property and equipment 3,327,000    
Transfer from prepaid inventory to inventory 4,254,492    
Transfer from prepaid inventory to goodwill 516,580    
Transfer from prepaid inventory to intangible assets, net $ 800,000