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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2016
Sep. 30, 2016
Assets    
Cash and cash equivalents $ 4,103,337 $ 4,508,126
Accounts receivable, net of allowance for doubtful accounts of $250,000 5,200,673 4,278,855
Income tax receivable 361,491 480,837
Inventories, net of allowance for excess and obsolete inventory of $2,737,488 and $2,570,868, respectively 21,823,255 21,524,919
Prepaid expenses 267,051 323,289
Total current assets 31,755,807 31,116,026
Land and buildings 7,218,678 7,218,678
Machinery and equipment 3,921,159 3,833,230
Leasehold improvements 202,017 151,957
Total property and equipment, at cost 11,341,854 11,203,865
Less: Accumulated depreciation (5,096,889) (4,993,102)
Net property and equipment 6,244,965 6,210,763
Intangibles, net of accumulated amortization 9,502,683 4,973,669
Goodwill 6,031,511 3,910,089
Deferred income taxes 1,337,000 1,333,000
Other assets 136,412 135,988
Total assets 56,626,502 50,268,159
Liabilities and Shareholders’ Equity    
Accounts payable 2,621,277 1,857,953
Accrued expenses 1,218,118 1,324,652
Notes payable – current portion 2,178,335 899,603
Other current liabilities 1,626,220 963,127
Total current liabilities 7,643,950 5,045,335
Notes payable, less current portion 5,734,439 3,466,358
Other liabilities 1,392,373 131,410
Total liabilities 14,770,762 8,643,103
Shareholders’ equity:    
Common stock, $.01 par value; 30,000,000 shares authorized; 10,634,893 shares issued; and 10,134,235 shares outstanding 106,349 106,349
Paid in capital (4,903,268) (4,916,791)
Retained earnings 47,652,673 47,435,512
Total shareholders’ equity before treasury stock 42,855,754 42,625,070
Less: Treasury stock, 500,658 shares, at cost (1,000,014) (1,000,014)
Total shareholders’ equity 41,855,740 41,625,056
Total liabilities and shareholders’ equity 56,626,502 50,268,159
Equity Method Investments [Member]    
Assets    
Investment in and loans to equity method investee $ 1,618,124 $ 2,588,624