Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Sep. 30, 2013
Current Assets:    
Cash $ 5,941,316 $ 8,922,430
Accounts receivable, net 2,477,318 2,362,165
Income tax receivable 160,609 78,440
Inventory, net 4,124,655 2,459,417
Prepaid expenses and other current assets 288,933 514,213
Deferred income taxes 2,120,504 2,552,000
TOTAL CURRENT ASSETS 15,113,335 16,888,665
Other assets 157,718 138,458
PLANT AND EQUIPMENT    
Equipment, furniture and fixtures 4,903,278 4,821,001
Less accumulated depreciation and amortization (3,011,782) (2,726,171)
Plant and equipment, net 1,891,496 2,094,830
Deferred income taxes 16,048,000 16,048,000
TOTAL ASSETS 33,210,549 35,169,953
Current liabilities:    
Accounts payable 1,495,929 904,049
Accrued expenses and other current liabilities 1,293,892 1,520,952
Accrued compensation 309,438 962,693
Accrued dividend 2,026,728 19,505
TOTAL CURRENT LIABILITIES 5,125,987 3,407,199
Deferred rent 53,161 66,799
Deferred grant income 45,403 57,819
Deferred income taxes 234,768 235,179
TOTAL LIABILITIES 5,459,319 3,766,996
Commitments and Contingencies      
STOCKHOLDERS' EQUITY:    
Preferred Stock      
Common Stock 308,950 306,948
Additional paid-in-capital 68,037,287 67,460,478
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (32,935,213) (28,715,040)
Treasury stock, at cost (7,078,275) (7,067,910)
TOTAL STOCKHOLDERS' EQUITY 27,751,230 31,402,957
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 33,210,549 $ 35,169,953