XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities:    
Net (loss) income $ (767,814) $ 732,198
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 133,844 182,569
Provision for doubtful accounts 11,018
Warranty provision 30,610 19,720
Inventory obsolescence 1,408 42,286
Share-based compensation 456,279 461,717
Deferred income taxes (864,560)
Changes in operating assets and liabilities:    
Accounts receivable (442,115) 1,549,018
Inventories (257,354) (1,224,048)
Prepaid expenses and other (15,115) (75,767)
Prepaid expenses and other, noncurrent 140,613 140,614
Accounts payable 750,313 570,066
Payroll and related 869,999 (2,425,472)
Warranty settlements (31,949) (33,260)
Accrued and other liabilities 169,756 (562,312)
Net cash provided by (used in) operating activities 184,933 (622,671)
Investing Activities:    
Purchases of marketable securities (81,476) (4,741,067)
Capital expenditures (163,521) (273,482)
Patent costs paid (6,200) (3,385)
Net cash used in investing activities (251,197) (5,017,934)
Financing Activities:    
Repurchase of common stock (1,748,456) (965,474)
Proceeds from exercise of stock options 494,834
Common stock cash dividends paid (954,650)
Net cash used in financing activities (2,703,106) (470,640)
Net decrease in cash (2,769,370) (6,111,245)
Cash and cash equivalents, beginning of period 18,316,103 23,894,744
Cash and cash equivalents, end of period $ 15,546,733 $ 17,783,499