Note 6 - Inventories

9 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

6.

Inventories

Inventories consist of the following as of:

	June 30, 2018		September 30, 2017
Raw materials	$	5,136,429	$	5,991,863
Work-in-progress		773,652		724,248
Finished goods		3,777,971		1,737,456
Inventories, net	$	9,688,052	$	8,453,567

During the

nine

months ended

June 30, 2018,

the Company adopted Accounting Standards Update (“ASU”)

2015

-

11,

 

Inventory (Topic

330

) Related to Simplifying the Measurement of Inventory

which applies to all inventory except inventory that is measured using last-in,

first

-out or the retail inventory method. This adoption had

no

effect on the financial statements and was applied prospectively. Therefore, prior periods were

not

retrospectively adjusted.