Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Sep. 30, 2015
Current Assets:    
Cash $ 2,791,396 $ 4,105,814
Accounts receivable, net 18,570,658 14,088,390
Income tax receivable 29,702 21,251
Inventory, net 2,191,693 1,745,180
Prepaid expenses and other current assets 276,358 609,320
Deferred income taxes 362,847 1,016,000
TOTAL CURRENT ASSETS 24,222,654 21,585,955
Other assets 142,339 136,766
PLANT AND EQUIPMENT    
Equipment, furniture and fixtures 4,620,864 4,680,246
Leasehold improvements 323,147 323,147
Less accumulated depreciation and amortization (3,928,241) (3,763,403)
Plant and equipment, net 1,015,770 1,239,990
Deferred income taxes 14,509,000 14,509,000
TOTAL ASSETS 39,889,763 37,471,711
Current Liabilities:    
Accounts payable 1,021,050 1,077,349
Accrued expenses and other current liabilities 3,559,252 2,555,231
Accrued compensation 335,332 592,428
TOTAL CURRENT LIABILITIES 4,915,634 4,225,008
Deferred rent 8,401 15,389
Deferred income taxes 118,351 98,252
TOTAL LIABILITIES $ 5,042,386 $ 4,338,649
Commitments and Contingencies
STOCKHOLDERS' EQUITY:    
Preferred stock
Common stock $ 312,189 $ 311,925
Additional paid-in-capital 69,393,844 69,205,201
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (26,470,532) (27,995,940)
Treasury stock, at cost (7,806,605) (7,806,605)
TOTAL STOCKHOLDERS' EQUITY 34,847,377 33,133,062
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 39,889,763 $ 37,471,711