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Note 5 - Inventories

12 Months Ended

Sep. 30, 2013

5. INVENTORIES

Inventories consisted of the following:

	September 30,
	2013			2012
Raw materials	$	3,941,203		$	2,693,753
Finished goods		605,240			818,082
Work in process		358,826			61,859
		4,905,269			3,573,694
Reserve for obsolescence		(317,519	)		(461,205	)
	$	4,587,750		$	3,112,489

The Company had raw materials located at supplier locations of $63,429 and $144,674 at September 30, 2013 and 2012, respectively.

The Company relies on one supplier for compression drivers for its LRAD product and is making efforts to obtain alternative suppliers to reduce such reliance. The Company’s ability to manufacture its LRAD product could be adversely affected if it were to lose this sole source supplier and was unable to find an alternative supplier.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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