XML 17 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheet - USD ($)
Sep. 30, 2015
Sep. 30, 2014
Common Class A [Member]    
STOCKHOLDERS' EQUITY:    
Class of common stock - no par value $ 1,261,188 $ 1,261,188
Common Class B [Member]    
STOCKHOLDERS' EQUITY:    
Class of common stock - no par value 474,866 474,866
Cash and cash equivalents 346,405 390,327
Accounts receivable-less allowance for doubtful accounts of $10,000 ($10,000, 2014) $ 1,101,554 $ 1,172,268
Notes receivable-current
Inventories-less allowance for obsolete inventory of $251,500 ($363,500, 2014) $ 1,926,513 $ 1,714,197
Deferred income taxes-less valuation allowance of $142,100 ($107,700, 2014)
Prepaid expenses $ 112,019 $ 37,989
Total Current Assets 3,486,491 3,314,781
Land 233,479 233,479
Buildings 1,440,138 1,429,718
Machinery and equipment 2,348,554 2,516,380
4,022,171 4,179,577
Less accumulated depreciation 3,646,937 3,800,551
$ 375,234 $ 379,026
Deferred income taxes-less valuation allowance of $4,106,800 ($4,059,000, 2014)
Notes receivable-long-term $ 4,100 $ 4,100
Deposits 750 1,750
4,850 5,850
Total Assets $ 3,866,575 $ 3,699,657
Convertible notes payable - related party
Accounts payable $ 297,761 $ 145,557
Accrued payroll and related expenses 167,770 132,719
Accrued expenses 183,390 178,815
Accrued taxes other than income 40,764 48,342
Total Current Liabilities 689,685 505,433
Convertible notes payable - related party 200,000 200,000
Accrued expenses 339,700 235,200
Total Long-term Liabilities $ 539,700 $ 435,200
Preferred 1,000,000 shares authorized, no shares outstanding
Contributed capital $ 1,741,901 $ 1,741,358
Treasury shares - 15,795 (2015 and 2014) Class A shares and 667 (2015 and 2014) Class B shares (253,341) (253,341)
Retained deficit (587,424) (465,047)
Total Stockholders' Equity 2,637,190 2,759,024
Total Liabilities and Stockholders' Equity $ 3,866,575 $ 3,699,657