Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
9 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 2,999,182 $ 7,752,426
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 429,188 418,352
Amortization of deferred income from grant (18,623) (18,623)
Share-based compensation 616,493 573,538
Deferred income taxes 893,828 (4,521)
Loss on disposal of fixed assets 430 940
Changes in current assets and liabilities (3,439,426) 4,034,586
Net cash provided by operating activities 1,481,072 12,756,698
INVESTING ACTIVITIES    
Capital expenditures (86,876) (289,425)
Net cash used in investing activities (86,876) (289,425)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 117,600  
Purchases of common stock for treasury shares (217,831) (371,992)
Dividends paid on common stock (6,074,164) (5,460,306)
Net cash used in financing activities (6,174,395) (5,832,298)
Net (decrease) increase in cash (4,780,199) 6,634,975
Cash at beginning of period 8,922,430 5,295,462
CASH AT END OF PERIOD 4,142,231 11,930,437
Supplemental Disclosure of Cash Flow Information:    
Cash payments for income taxes 581,376 207,391
Schedule of noncash financing and investing activities:    
Reduction of accrued expense upon issuance of shares 297,806 189,644
Dividends payable $ 6,913 $ 8,170