XML 31 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Sep. 30, 2011
ASSETS    
Cash and cash equivalents $ 2,986,312 $ 4,479,840
Accounts receivable, net of allowance for doubtful accounts of $141,707 and $182,634 and sales returns allowance of $34,059 and $18,356 for June 30, 2012 and September 30, 2011, respectively. 7,643,129 5,837,139
Inventories, net of reserves 3,151,255 3,250,539
Costs in excess of billings 0 408,240
Deferred tax asset 1,225,446 1,119,800
Prepaid expenses and other current assets 1,151,428 771,564
Total current assets 16,157,570 15,867,122
Property, Plant and Equipment, net 5,020,442 4,860,328
Other Assets    
Intangibles, net 5,885,922 6,374,329
Goodwill 13,287,807 13,330,182
Deferred financing costs, net 120,722 150,656
Total other assets 19,294,451 19,855,167
Total Assets 40,472,463 40,582,617
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt 1,857,143 1,859,728
Obligation to repurchase stock 1,857,546 0
Accounts payable 3,186,198 2,088,395
Accrued expenses and other liabilities 1,977,990 2,298,460
Contingent consideration 141,337 183,713
Total current liabilities 9,020,214 6,430,296
Long-term Liabilities    
Long-term debt, net of current portion 7,555,446 8,985,442
Deferred tax liability 811,705 924,837
Total long-term liabilities 8,367,151 9,910,279
Temporary Equity    
Redeemable common stock, at redemption value of $2 per share; put option on 0 shares and 1,000,000 issued and outstanding at June 30, 2012 and September 30, 2011, respectively. 0 2,000,000
Stockholders' Equity    
Preferred stock, $.001 par value, 15,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2012 and September 30, 2011, respectively, 10% cumulative, convertible. 0 0
Common stock, $0.0005 par value, 40,000,000 shares authorized, 15,628,868 and 15,393,053 shares issued, 14,818,708 and and 14,582,893 shares outstanding at June 30, 2012 and September 30, 2011, respectively. 7,815 7,696
Additional paid in capital 16,911,280 15,896,755
Accumulated other comprehensive income 268,428 297,566
Retained earnings 6,883,917 7,026,367
Stockholders Equity Before Treasury Stock 24,071,440 23,228,384
Less 810,160 and 810,160 shares of treasury stock - at cost at June 30, 2012 and September 30, 2011, respectively (986,342) (986,342)
Total stockholders' equity 23,085,098 22,242,042
Total Liabilities and Stockholders' Equity $ 40,472,463 $ 40,582,617