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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Sep. 30, 2011
ASSETS    
Cash and cash equivalents $ 3,414,880 $ 4,479,840
Accounts receivable, net of allowance for doubtful accounts of $146,210 and $182,634 and sales returns allowance of $51,860 and $18,356 at September 30, 2012 and September 30, 2011, respectively. 5,475,142 3,388,237
Costs in excess of billings and unbilled receivables 1,735,798 2,857,142
Inventories, net of reserves 3,271,700 3,250,539
Deferred tax asset 126,187 1,119,800
Prepaid expenses and other current assets 1,334,649 771,564
Total current assets 15,358,356 15,867,122
Property, Plant and Equipment, net 4,984,150 4,860,328
Other Assets    
Intangibles, net 6,703,305 7,466,506
Goodwill 10,254,160 12,521,971
Deferred financing costs, net 165,457 150,656
Total other assets 17,122,922 20,086,302
Total Assets 37,465,428 40,813,752
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt 11,984,492 1,859,728
Accounts payable 2,416,397 2,088,395
Deferred revenue 694,672 0
Accrued expenses and other liabilities 2,809,580 2,368,829
Total current liabilities 17,905,141 6,316,952
Long-term Liabilities    
Long-term debt, net of current portion 0 8,985,442
Pension liability 345,443 113,344
Deferred tax liability 371,256 1,208,803
Total long-term liabilities 716,699 10,254,758
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 September 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 September 30, 2012 and September 30, 2011, respectively, 10% cumulative, convertible. 0 0
Common stock, $0.0005 par value, 40,000,000 shares authorized, 15,610,517 and 15,393,053 shares issued, 14,800,357 and and 14,582,893 shares outstanding at September 30, 2012 and September 30, 2011, respectively. 7,805 7,696
Additional paid in capital 17,037,618 15,896,755
Accumulated other comprehensive income 61,906 297,566
Retained earnings 2,722,601 7,026,367
Stockholders' Equity Before Treasury Stock 19,829,930 23,228,384
Less 810,160 and 810,160 shares of treasury stock - at cost at September 30, 2012 and September 30, 2011, respectively (986,342) (986,342)
Total stockholders' equity 18,843,588 22,242,042
Total Liabilities and Stockholders' Equity $ 37,465,428 $ 40,813,752