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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Sep. 30, 2018
Assets    
Cash and cash equivalents $ 1,371,501 $ 3,129,280
Restricted cash 106,447
Accounts receivable, net of allowance for doubtful accounts of $150,000 6,727,126 4,400,868
Unbilled revenue 1,414,992
Income tax receivable 108,746 178,766
Inventories, net of allowance for excess and obsolete inventory of $4,850,000 and $4,965,000, respectively 19,404,567 18,888,042
Prepaid expenses 772,621 264,757
Other current assets 258,209
Assets held for sale 3,666,753
Total current assets 30,164,209 30,528,466
Property and equipment, at cost:    
Land and buildings 1,006,163 2,208,676
Machinery and equipment 5,259,708 3,884,859
Leasehold improvements 190,984 200,617
Total property and equipment, at cost 6,456,855 6,294,152
Less: Accumulated depreciation (3,992,053) (4,276,024)
Net property and equipment 2,464,802 2,018,128
Investment in and loans to equity method investee 49,000
Intangibles, net of accumulated amortization 6,548,748 6,844,398
Goodwill 4,836,472 4,820,185
Other assets 217,461 134,443
Total assets 44,231,692 44,394,620
Current liabilities:    
Accounts payable 6,612,708 4,657,188
Accrued expenses 1,596,386 1,150,010
Notes payable – current portion 750,000 2,594,185
Deferred gain – current portion 194,152
Other current liabilities 739,887 664,374
Total current liabilities 9,893,133 9,065,757
Deferred gain, less current portion 1,701,243
Other liabilities 228,820 801,612
Total liabilities 11,823,196 9,867,369
Shareholders’ equity:    
Common stock, $.01 par value; 30,000,000 shares authorized; 10,861,950 and 10,806,803 shares issued, respectively; 10,361,292 and 10,306,145 shares outstanding, respectively 108,620 108,068
Paid in capital (4,462,806) (4,598,343)
Retained earnings 37,762,696 40,017,540
Total shareholders’ equity before treasury stock 33,408,510 35,527,265
Less: Treasury stock, 500,658 shares, at cost (1,000,014) (1,000,014)
Total shareholders’ equity 32,408,496 34,527,251
Total liabilities and shareholders’ equity $ 44,231,692 $ 44,394,620