CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Sep. 30, 2013
Current Assets
Cash and cash equivalents	$ 3,842,000	$ 2,437,000
Accounts receivable, net of allowances of $299,000 and $185,000 at September 30, 2014 and September 30, 2013, respectively	3,240,000	3,657,000
Costs in excess of billings and unbilled receivables	1,235,000	1,537,000
Inventories, net of reserves	2,954,000	3,140,000
Prepaid expenses and other current assets	919,000	1,292,000
Total current assets	12,190,000	12,063,000
Property, Plant and Equipment, net	6,518,000	4,774,000
Other Assets
Intangibles, net	1,383,000	3,485,000
Goodwill	6,247,000	6,241,000
Deferred financing costs, net	39,000	114,000
Total other assets	7,669,000	9,840,000
Total Assets	26,377,000	26,677,000
Current Liabilities
Current portion of long-term debt	2,329,000	9,819,000
Capital lease obligations, current	134,000	124,000
Convertible notes	1,433,000	0
Accounts payable	1,602,000	2,056,000
Deferred revenue	103,000	516,000
Accrued expenses and other liabilities	2,503,000	2,847,000
Total current liabilities	8,104,000	15,362,000
Long-term Liabilities
Long-term debt, net of current portion	3,282,000	0
Capital lease obligations, net of current portion	95,000	232,000
Pension liability	318,000	250,000
Deferred tax liability	264,000	187,000
Total long-term liabilities	3,959,000	669,000
Stockholders' Equity
Common Stock, $0.0005 par value, 40,000,000 shares authorized, 17,140,182 and 16,224,402 shares issued, 16,330,022 and 15,414,242 shares outstanding at September 30, 2014 and September 30, 2013, respectively.	9,000	8,000
Additional paid in capital	19,195,000	17,476,000
Accumulated other comprehensive income	98,000	153,000
Accumulated deficit	(3,933,000)	(6,005,000)
Less 810,160 shares of treasury stock - at cost	(986,000)	(986,000)
Total Dynasil stockholders' equity	14,383,000	10,646,000
Noncontrolling interest	(69,000)	0
Total stockholders' equity	14,314,000	10,646,000
Total Liabilities and Stockholders' Equity	$ 26,377,000	$ 26,677,000