Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

HICKOK INCORPORATED

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

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

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 for 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	)	$	10,000
Reserve for inventory obsolescence	$	251,500	$	82,292	(5)	$	-		$	(98,200	)	$	235,592
Reserve for product warranty	$	-	$	8,912		$	-		$	8,912		$	-
Valuation allowance for deferred taxes	$	4,248,900	$	(3,681,100	)	$	67,800	(6)	$	-		$	500,000

Year Ended September 30, 2017
Reserve for doubtful accounts	$	10,000	$	275	(1)	$		(2)	$	-	(3)	$	10,275
Reserve for inventory obsolescence	$	235,592	$	284,352	(5)	$	-		$	(37,297	) (4)	$	473,252
Reserve for product warranty	$	-	$	-		$	-		$	-		$	0
Valuation allowance for deferred taxes	$	500,000	$	-		$	-		$	-		$	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