Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Sep. 30, 2013
Current Assets:    
Cash $ 7,991,187 $ 8,922,430
Accounts receivable, net 2,671,582 2,362,165
Income tax receivable 77,519 78,440
Inventory, net 2,532,874 2,459,417
Prepaid expenses and other current assets 452,931 514,213
Deferred income taxes 2,552,000 2,552,000
TOTAL CURRENT ASSETS 16,278,093 16,888,665
Other assets 146,956 138,458
PLANT AND EQUIPMENT    
Equipment, furniture and fixtures 4,901,189 4,821,001
Less accumulated depreciation and amortization (2,868,636) (2,726,171)
Plant and equipment, net 2,032,553 2,094,830
Deferred income taxes 16,048,000 16,048,000
TOTAL ASSETS 34,505,602 35,169,953
Current liabilities:    
Accounts payable 1,175,974 904,049
Accrued expenses and other current liabilities 1,232,597 1,520,952
Accrued compensation 456,800 962,693
Accrued dividend 2,021,600 19,505
TOTAL CURRENT LIABILITIES 4,886,971 3,407,199
Long-term liabilities    
Deferred rent 60,139 66,799
Deferred grant income 51,611 57,819
Deferred income taxes 232,453 235,179
TOTAL LIABILITIES 5,231,174 3,766,996
Commitments and Contingencies      
STOCKHOLDERS' EQUITY:    
Common Stock 308,450 306,948
Additional paid-in-capital 67,898,939 67,460,478
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (31,283,532) (28,715,040)
Treasury stock, at cost (7,067,910) (7,067,910)
TOTAL STOCKHOLDERS' EQUITY 29,274,428 31,402,957
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 34,505,602 $ 35,169,953