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Consolidated Balance Sheets (Unaudited) (USD $)
Dec. 31, 2013
Sep. 30, 2013
Current assets:    
Cash and cash equivalents $ 7,744,725 $ 8,366,657
Accounts receivable, net of allowance of $300,000 2,951,094 3,020,853
Income tax refund receivable 110,397 272,380
Inventories, net of allowance for excess and obsolete inventory of $1,910,000 and $1,750,000, respectively 23,006,484 20,730,453
Prepaid expenses 117,129 122,283
Deferred income taxes 1,166,000 1,066,000
Total current assets 35,095,829 33,578,626
Property and equipment, at cost:    
Land and buildings 8,794,272 8,794,272
Machinery and equipment 3,126,796 3,125,422
Leasehold improvements 9,633 9,633
Total property and equipment, at cost 11,930,701 11,929,327
Less accumulated depreciation and amortization (4,049,872) (3,963,444)
Net property and equipment 7,880,829 7,965,883
Other assets:    
Goodwill 1,560,183 1,560,183
Other assets 11,428 11,428
Total other assets 1,571,611 1,571,611
Total assets 44,548,269 43,116,120
Current liabilities:    
Accounts payable 2,906,907 1,308,869
Accrued expenses 588,390 934,856
Notes payable – current portion 184,008 184,008
Total current liabilities 3,679,305 2,427,733
Notes payable, less current portion 1,272,602 1,318,604
Deferred income taxes 240,000 193,000
Shareholders’ equity:    
Common stock, $.01 par value; 30,000,000 shares authorized; 10,499,138 shares issued; and 9,998,480 shares outstanding 104,991 104,991
Paid in capital (5,564,658) (5,578,500)
Retained earnings 45,816,043 45,650,306
Total shareholders’ equity before treasury stock 40,356,376 40,176,797
Less: Treasury stock, 500,658 shares, at cost (1,000,014) (1,000,014)
Total shareholders’ equity 39,356,362 39,176,783
Total liabilities and shareholders’ equity $ 44,548,269 $ 43,116,120