Annual report pursuant to Section 13 and 15(d)

Inventory

v2.4.0.8
Inventory
 12 Months Ended
Sep. 30, 2014
Inventory [Abstract]  
Inventory

Note 3.Inventory

 

The components of inventory consist of the following at September 30, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

 

 

 

 

 

Raw material

$
1,091,703 

 

$
868,742 

Work in process

 
15,962 

 

 
77,782 

Finished goods

 
1,936,655 

 

 
1,554,026 

Inventory, gross

 
3,044,320 

 

 
2,500,550 

Less: inventory reserves

 
(60,873)

 

 
(41,133)

Inventory, net

$
2,983,447 

 

$
2,459,417 

 

The change in the inventory reserve for the years ended September 30 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

Charged to Costs

 

 

 

 

Balance at

Year

October 1

 

and Expenses

 

Write-offs

 

September 30

2012

$
75,952 

 

$
128,360 

 

$
(154,502)

 

$
49,810 

2013

$
49,810 

 

$
(6,662)

 

$
(2,015)

 

$
41,133 

2014

$
41,133 

 

$
37,603 

 

$
(17,863)

 

$
60,873