Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
 3 Months Ended
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES    
Net income $ 1,464,603 $ 3,533,846
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 143,749 130,911
Amortization of deferred income from grant (6,208) (6,208)
Share-based compensation 203,753 219,837
Deferred income taxes (2,726) (1,423)
Loss on disposal of fixed assets 430 483
Changes in operating assets and liabilities (621,942) (2,860,061)
Net cash provided by operating activities 1,181,659 1,017,385
INVESTING ACTIVITIES    
Capital expenditures (81,902) (68,899)
Net cash used in investing activities (81,902) (68,899)
FINANCING ACTIVITIES    
Purchases of common stock for treasury shares   (178,000)
Dividends paid on common stock (2,031,000) (1,735,185)
Net cash used in financing activities (2,031,000) (1,913,185)
Net decrease in cash (931,243) (964,699)
Cash at beginning of period 8,922,430 5,295,462
CASH AT END OF PERIOD 7,991,187 4,330,763
Supplemental Disclosure of Cash Flow Information:    
Cash payments for income taxes 441,142 25,677
Schedule of noncash financing and investing activities:    
Dividends payable 2,023,175 1,709,110
Reduction of accrued expense upon issuance of shares 297,806 189,644
Fixed asset additions in accounts payable    $ 160,717