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Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Sep. 30, 2011
Current assets:    
Cash and cash equivalents $ 2,113,172 $ 10,943,654
Accounts receivable, net of allowance of $300,000 3,348,001 4,244,049
Income tax refund receivable 221,351 349,745
Inventories, net of allowance for excess and obsolete inventory of $1,758,000 and $1,556,000, respectively 24,719,350 25,777,747
Prepaid expenses 196,089 177,486
Deferred income taxes 1,049,000 1,059,000
Total current assets 31,646,963 42,551,681
Property and equipment, at cost:    
Land and buildings 8,797,402 8,683,679
Machinery and equipment 2,919,764 2,856,615
Leasehold improvements 205,797 205,797
Total property and equipment, at cost 11,922,963 11,746,091
Less accumulated depreciation and amortization (3,569,175) (3,392,329)
Net property and equipment 8,353,788 8,353,762
Other assets:    
Deferred income taxes 18,000 403,000
Goodwill 1,560,183 1,560,183
Other assets 13,778 19,245
Total other assets 1,591,961 1,982,428
Total assets 41,592,712 52,887,871
Current liabilities:    
Accounts payable 2,050,443 2,675,907
Accrued expenses 889,952 1,240,224
Notes payable – current portion 184,008 1,814,008
Total current liabilities 3,124,403 5,730,139
Notes payable, less current portion 1,594,616 10,244,120
Other liabilities   957,258
Shareholders’ equity:    
Common stock, $.01 par value; 30,000,000 shares authorized; 10,465,323 and 10,431,354 shares issued, respectively; and 10,189,120 and 10,207,390 shares outstanding, respectively 104,653 104,314
Paid in capital (5,811,459) (5,884,521)
Retained earnings 43,100,599 42,730,098
Unrealized loss on interest rate swap, net of tax   (587,258)
Total shareholders’ equity before treasury stock 37,393,793 36,362,633
Less: Treasury stock, 276,203 and 223,964 shares, respectively, at cost (520,100) (406,279)
Total shareholders’ equity 36,873,693 35,956,354
Total liabilities and shareholders’ equity $ 41,592,712 $ 52,887,871