XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operations:    
Net income $ 6,156,000 $ 10,217,000
Adjustments to reconcile net income to cash flows provided by operating activities:    
Purchases of marketable securities (112,668,000) (152,063,000)
Proceeds from sale and maturity of marketable securities 110,805,000 152,678,000
Change in fair value of marketable securities 1,510,000 (1,324,000)
Deferred income taxes (2,066,000) (25,000)
Depreciation and amortization 1,244,000 1,188,000
Provision for doubtful accounts 50,000 100,000
Stock-based compensation 53,000 53,000
Changes in assets and liabilities:    
Accounts receivable (56,000) (589,000)
Costs and estimated earnings in excess of billings 3,774,000 (8,622,000)
Inventories 804,000 (1,781,000)
Prepaid expenses and other current assets (1,150,000) 959,000
Accounts payable 182,000 756,000
Customer deposits 733,000 (2,101,000)
Accrued expenses and other current liabilities 34,000 577,000
Total adjustments 3,249,000 (10,194,000)
Cash flows provided by operating activities 9,405,000 23,000
Cash flows used in investing activities:    
Capital expenditures (1,246,000) (1,600,000)
Cash flows used in investing activities (1,246,000) (1,600,000)
Cash flows from financing activities:    
Proceeds from stock option exercises 103,000  
Cash flows provided by financing activities 103,000  
Net increase (decrease) in cash 8,262,000 (1,577,000)
Cash at:    
Beginning of period 10,302,000 8,012,000
End of period $ 18,564,000 $ 6,435,000