Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

          HICKOK INCORPORATED

                                                                    SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
         

Col. A Col. B Col. C Col. D Col. E

Additions
	Balance at	Charged to	Charged to		Balance
	Beginning	Costs and	Other		at End
Description	of Period	Expenses	Accounts	Deductions	of Period
Deducted from Asset Accounts:

Year Ended September 30, 2014
Reserve for doubtful accounts	$	10,000	$	(4,446	) (1)	$	-	(2)	$	(4,446	) (3)	$	10,000
Reserve for inventory obsolescence	$	793,000	$	(113,603	) (5)	$	-		$	315,897	(4)	$	363,500
Reserve for product warranty	$	89	$	10,275		$	-		$	10,335		$	9
Valuation allowance deferred taxes	$	4,122,300	$	44,400		$	-		$	-		$	4,166,700

Year Ended September 30, 2015
Reserve for doubtful accounts	$	10,000	$	(3,255	) (1)	$	-	(2)	$	(3,255	) (3)	$	10,000
Reserve for inventory obsolescence	$	363,500	$	(47,045	) (5)	$	-		$	64,955	(4)	$	251,500
Reserve for product warranty	$	9	$	12,555		$	-		$	12,564		$	-
Valuation allowance deferred taxes	$	4,166,700	$	82,200		$	-		$	-		$	4,248,900

Year Ended September 30, 2016
Reserve for doubtful accounts	$	10,000	$	(1,784	) (1)	$	-	(2)	$	(1,784	) (3)	$	10,000
Reserve for inventory obsolescence	$	251,500	$	82,292	(5)	$	-		$	(98,200	) (4)	$	235,592
Reserve for product warranty	$	-	$	8,912		$	-		$	8,912		$	-
Valuation allowance deferred taxes	$	4,248,900	$	(3,681,100	)	$	67,800	(6)	$	-		$	500,000

(1)

Classified as bad debt expense.

(2)

Recoveries on accounts charged off in prior years.

(3)

Accounts charged off during year as uncollectible.

(4)

Inventory charged off during the year as obsolete.

(5)

Reduction in inventory obsolescence reserve.

(6)

Recovery of net operating loss reserve.