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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
Operating Activities      
Net income (loss) $ 1,497,900 $ (6,857) $ 1,669,716
Net loss from discontinued operations (666,046) (102,207)
Net income from continuing operations $ 1,497,900 659,189 1,771,923
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 408,703 360,279 $ 276,356
Amortization 825,805 $ 481,722
Allowance for doubtful accounts 50,000
Provision for excess and obsolete inventories 600,000 $ 601,351 $ 600,000
(Gain) loss on disposal of property and equipment (30,652) 5,950
Deferred (341,000) $ (276,000) (15,000)
Share based compensation expense 239,613 212,436 167,041
Cash provided (used) by changes in operating assets and liabilities:      
Accounts receivable 2,057,203 (2,351,459) 195,733
Income tax receivable\payable 342,596 38,686 137,547
Inventories, net (1,420,473) (2,188,205) 1,066,800
Prepaid expenses (17,359) $ (14,753) 2,045
Other assets (3,250) 2,350
Accounts payable (1,096,279) $ (78,670) 8,844
Accrued expenses (330,544) 838,479 (84,847)
Net cash provided by (used in) operating activities - continuing operations $ 2,843,567 (1,716,945) 4,122,842
Net cash provided by (used in) operating activities - discontinued operations 280,462 (16,365)
Net cash provided by (used in) operating activities $ 2,843,567 (1,436,483) $ 4,106,477
Investing Activities      
Acquisition of net operating assets, net of cash acquired $ (9,630,647)
Guaranteed payments for acquisition of business $ (1,000,000)
Purchases of land and buildings (56,074)
Purchases of property and equipment $ (116,575) $ (43,977) $ (211,223)
Proceeds from disposal of property and equipment 12,350
Net cash used in investing activities – continuing operations $ (1,172,649) $ (9,674,624) $ (198,873)
Net cash provided by investing activities - discontinued operations 3,413,001
Net cash used in investing activities $ (1,172,649) (6,261,623) $ (198,873)
Financing Activities      
Proceeds on notes payable 5,000,000
Payments on notes payable $ (846,029) $ (492,522) $ (184,008)
Purchase of treasury stock (479,914)
Proceeds from stock options exercised 3,300
Net cash provided by (used in) financing activities $ (846,029) $ 4,507,478 (660,622)
Net increase (decrease) in cash and cash equivalents 824,889 (3,190,628) 3,246,982
Cash and cash equivalents at beginning of year 5,286,097 8,476,725 5,229,743
Cash and cash equivalents at end of year 6,110,986 5,286,097 8,476,725
Supplemental cash flow information:      
Cash paid for interest 245,051 126,659 26,137
Cash paid for income taxes $ 944,000 62,000 $ 971,000
Supplemental noncash investing activities:      
Deferred guaranteed payments for acquisition of business $ (2,744,338)