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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Sep. 30, 2024
Current assets    
Cash and cash equivalents $ 1,225,648 $ 538,977
Accounts receivable 13,823,088 12,612,482
Contract assets 1,769,373 1,680,060
Inventories 18,853,112 12,732,381
Prepaid inventory 4,430,139 5,960,404
Prepaid expenses and other current assets 1,360,211 1,161,394
Total current assets 41,461,571 34,685,698
Goodwill 6,703,104 5,213,104
Intangible assets, net 24,688,129 27,012,292
Property and equipment, net 14,733,011 13,372,298
Deferred income taxes 2,134,839 1,625,144
Other assets 165,591 473,725
Total assets 89,886,245 82,382,261
Current liabilities    
Accounts payable 4,710,564 2,315,479
Accrued expenses 3,072,956 4,609,294
Contract liability 731,793 340,481
Total current liabilities 8,515,313 7,265,254
Long-term debt 27,401,323 28,027,002
Other liabilities 456,717 451,350
Total liabilities 36,373,353 35,743,606
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 March 31, 2025 and September 30, 2024
Common stock, $.001 par value: 75,000,000 shares authorized, 19,651,771 and 19,599,052 issued at March 31, 2025 and September 30, 2024, respectively 19,652 19,599
Additional paid-in capital 56,122,150 55,320,500
Retained earnings 18,739,627 12,667,093
Treasury stock, at cost, 2,096,451 shares at March 31, 2025 and at September 30, 2024, respectively (21,368,537) (21,368,537)
Total shareholders' equity 53,512,892 46,638,655
Total liabilities and shareholders' equity $ 89,886,245 $ 82,382,261