Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Sep. 30, 2011
Current Assets:    
Cash $ 8,286,561 $ 4,249,324
Restricted cash 4,523 4,526
Certificate of deposit   63,875
Accounts receivable, net 4,748,008 2,305,473
Inventories, net 1,329,541 2,026,528
Prepaid expenses and other current assets 307,280 297,267
Deferred income taxes 800,000 800,000
TOTAL CURRENT ASSETS 15,475,913 9,746,993
Other Assets 118,180 116,360
EQUIPMENT, FURNITURE AND FIXTURES    
Equipment, furniture and fixtures 4,020,083 3,766,924
Construction in progress 366,934  
Less accumulated depreciation and amortization (2,097,300) (1,787,486)
Property, plant and equipment, net 2,289,717 1,979,438
Deferred Income Taxes 7,600,000 7,600,000
TOTAL ASSETS 25,483,810 19,442,791
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,878,863 1,076,994
Accrued expenses and other current liabilities 1,068,567 846,591
Accrued compensation 2,178,080 369,825
TOTAL CURRENT LIABILITIES 5,125,510 2,293,410
Deferred rent 96,391 101,133
Deferred grant income 88,858 107,481
Deferred income taxes 187,564 188,177
TOTAL LIABILITIES 5,498,323 2,690,201
Commitments and Contingencies      
STOCKHOLDERS’ EQUITY:    
Common stock 298,342 296,490
Additional paid-in-capital 68,774,077 68,117,382
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (42,063,780) (44,697,131)
Treasury stock, at cost (6,441,633) (6,382,632)
TOTAL STOCKHOLDERS’ EQUITY 19,985,487 16,752,590
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 25,483,810 19,442,791
Convertible preferred stock, Class A, Series 1 [Member]
    
STOCKHOLDERS’ EQUITY:    
Convertible preferred stock, Class 0 0
Convertible preferred stock, Class A, Series 3 [Member]
    
STOCKHOLDERS’ EQUITY:    
Convertible preferred stock, Class 0 0
Convertible preferred stock, Class B [Member]
    
STOCKHOLDERS’ EQUITY:    
Convertible preferred stock, Class $ 0 $ 0