Note 2 - Inventories

3 Months Ended

Dec. 31, 2014

Inventories

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

	December 31, 2014		September 30, 2014		December 31, 2013

Components	$	1,049,254	$	1,066,672	$	864,844
Work-in-Process		501,125		521,424		612,598
Finished Product		134,147		126,101		170,485

	$	1,684,526	$	1,714,197	$	1,647,927

The above amounts are net of reserve for obsolete inventory in the amount of $365,564, $363,500 and $810,376 for the periods ended December 31, 2014, September 30, 2014 and December 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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