Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Sep. 30, 2014
Current Assets:    
Cash $ 2,624,726 $ 5,796,223
Accounts receivable, net 14,335,235 2,943,850
Inventory, net 2,546,340 2,983,447
Prepaid expenses and other current assets 518,481 638,243
Deferred income taxes 828,000 711,000
TOTAL CURRENT ASSETS 20,852,782 13,072,763
Other assets 151,398 166,084
PLANT AND EQUIPMENT    
Equipment, furniture and fixtures 4,995,557 4,913,271
Less accumulated depreciation and amortization (3,641,680) (3,310,964)
Plant and equipment, net 1,353,877 1,602,307
Deferred income taxes 14,806,471 16,832,000
TOTAL ASSETS 37,164,528 31,673,154
Current liabilities:    
Accounts payable 931,337 1,124,859
Accrued expenses and other current liabilities 3,048,207 1,816,508
Accrued compensation 625,962 436,843
TOTAL CURRENT LIABILITIES 4,605,506 3,378,210
Deferred rent 18,352 39,105
Deferred income taxes 165,395 190,513
TOTAL LIABILITIES $ 4,789,253 $ 3,607,828
Commitments and Contingencies    
STOCKHOLDERS' EQUITY:    
Preferred stock    
Common stock $ 309,947 $ 309,587
Additional paid-in-capital 69,151,963 68,484,889
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (28,698,511) (32,341,976)
Treasury stock, at cost (7,806,605) (7,805,655)
TOTAL STOCKHOLDERS' EQUITY 32,375,275 28,065,326
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 37,164,528 $ 31,673,154