XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Sep. 30, 2011
ASSETS    
Cash and cash equivalents $ 1,869,736 $ 4,479,840
Accounts receivable, net of allowance for doubtful accounts of $174,726 and $182,634 and sales returns allowance of $31,038 and $18,356 for March 31, 2012 and September 30, 2011, respectively. 8,275,879 5,837,139
Inventories, net of reserves 3,066,696 3,250,539
Costs in excess of billings 21,446 408,240
Deferred tax asset 1,225,446 1,119,800
Prepaid expenses and other current assets 588,180 771,564
Total current assets 15,047,383 15,867,122
Property, Plant and Equipment, net 5,128,566 4,860,328
Other Assets    
Intangibles, net 6,048,724 6,374,329
Goodwill 13,353,572 13,330,182
Deferred financing costs, net 130,700 150,656
Total other assets 19,532,996 19,855,167
Total Assets 39,708,945 40,582,617
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt 9,885,831 1,859,728
Accounts payable 2,051,381 2,088,395
Accrued expenses and other liabilities 1,946,761 2,298,460
Obligation to repurchase stock - current portion 461,630 0
Contingent consideration 166,977 183,713
Total current liabilities 14,512,580 6,430,296
Long-term Liabilities    
Long-term debt, net of current portion 10,337 8,985,442
Obligation to repurchase stock, net of current portion 1,395,916 0
Deferred tax liability 811,705 924,837
Total long-term liabilities 2,217,958 9,910,279
Temporary Equity    
Redeemable common stock, at redemption value of $2 per share; put option on 71,227 shares and 1,000,000 issued and outstanding at March 31, 2012 and September 30, 2011, respectively. 142,454 2,000,000
Stockholders' Equity    
Preferred stock, $.001 par value, 15,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2012 and September 30, 2011, respectively, 10% cumulative, convertible. 0 0
Common stock, $0.0005 par value, 40,000,000 shares authorized, 15,541,098 and 14,730,938 shares issued, 14,802,165 and and 14,582,893 shares outstanding at March 31, 2012 and September 30, 2011, respectively. 7,771 7,696
Additional paid in capital 16,506,910 15,896,755
Accumulated other comprehensive income 375,758 297,566
Retained earnings 6,931,856 7,026,367
Stockholders Equity Before Treasury Stock 23,822,295 23,228,384
Less 810,160 and 810,160 shares of treasury stock - at cost at March 31, 2012 and September 30, 2011, respectively (986,342) (986,342)
Total stockholders' equity 22,835,953 22,242,042
Total Liabilities and Stockholders' Equity $ 39,708,945 $ 40,582,617