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Note 2 - Inventories

6 Months Ended

Mar. 31, 2014

2. Inventories

Inventories are valued at the lower of cost or market and consist of the following:

	March 31, 2014		September 30, 2013		March 31, 2013

Components	$	941,852	$	852,229	$	942,802
Work-in-Process		908,124		590,687		341,766
Finished Product		170,382		146,900		195,586
	$	2,020,358	$	1,589,816	$	1,480,154

The above amounts are net of reserve for obsolete inventory in the amount of $828,376, $793,000 and $916,903 for the periods ended March 31, 2014, September 30, 2013 and March 31, 2013 respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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