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Note 2 - Inventories

9 Months Ended

Jun. 30, 2014

2. Inventories

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

	June 30, 2014		Sept. 30, 2013		June 30, 2013

Components	$	916,362	$	852,229	$	889,080
Work-in-Process		1,035,529		590,687		530,757
Finished Product		155,984		146,900		164,156
	$	2,107,875	$	1,589,816	$	1,583,993

The above amounts are net of reserve for obsolete inventory in the amount of $817,000, $793,000 and $919,676 for the periods ended June 30, 2014, September 30, 2013 and June 30, 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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