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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net Sales:        
Total net sales $ 7,959,208 $ 6,935,976 $ 21,815,917 $ 20,477,574
Cost of sales:        
Total cost of sales 3,224,562 2,879,462 8,617,317 8,270,729
Gross profit 4,734,646 4,056,514 13,198,600 12,206,845
Operating expenses:        
Research and development 851,296 676,381 2,387,939 2,062,937
Selling, general and administrative 2,395,714 1,694,233 7,104,212 5,226,015
Total operating expenses 3,247,010 2,370,614 9,492,151 7,288,952
Operating income 1,487,636 1,685,900 3,706,449 4,917,893
Interest income 185,652 10,429 432,495 10,871
Other income 90,049 21,608 131,504 49,401
Income before income taxes 1,763,337 1,717,937 4,270,448 4,978,165
Income tax expense 339,958 358,763 877,315 1,056,363
Net income $ 1,423,379 $ 1,359,174 $ 3,393,133 $ 3,921,802
Net income per common share:        
Basic $ 0.08 $ 0.08 $ 0.19 $ 0.23
Diluted $ 0.08 $ 0.08 $ 0.19 $ 0.23
Weighted average shares outstanding:        
Basic 17,576,969 17,261,349 17,415,358 17,253,822
Diluted 17,577,588 17,265,798 17,419,265 17,255,305
Product        
Net Sales:        
Total net sales $ 7,893,625 $ 6,935,976 $ 21,383,435 $ 20,279,371
Cost of sales:        
Total cost of sales 3,202,870 $ 2,879,462 8,538,219 8,253,981
Engineering development contracts        
Net Sales:        
Total net sales 65,583   432,482 198,203
Cost of sales:        
Total cost of sales $ 21,692   $ 79,098 $ 16,748