Annual report pursuant to Section 13 and 15(d)

Note 6 - Inventories

v3.24.4
Note 6 - Inventories
12 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 6 Inventories

 

Inventories consisted of the following at September 30, 2024 and September 30, 2023:

 

   

2024

   

2023

 
                 

Raw material

  $ 827,582     $ 1,854,810  

Work in process

    79,181       112,799  

Finished goods

    4,819,331       4,913,295  

Inventories, gross

    5,726,094       6,880,904  

Less: inventory reserves

    (1,581,915 )     (183,787 )

Inventories, net

  $ 4,144,179     $ 6,697,117  

 

The Company recorded a provision for obsolete inventory of $1.6 million and $0.2 million during the years ended September 30, 2024 and 2023, respectively, which is included in cost of sales on the accompanying consolidated statements of operations.