Concentrations:	12 Months Ended
Sep. 30, 2013
Concentrations:
Concentrations:	2. Concentrations: Major Customers and Products In fiscal 2013, 2012 and 2011, the Company derived 64%, 63%, and 61%, respectively, of total sales from five customers, although not all the same customers in each year. Accounts receivable and unbilled receivables related to those top five customers was $5.9 million, $2.4 million, and $1.8 million as at September 30, 2013, 2012 and 2011, respectively. During fiscal 2013, two of the Company’s customers, Eclipse Aerospace Inc. (“Eclipse”) and American Airlines Inc. (“AAI”) accounted for 24% and 14% of total sales, respectively. In fiscal 2012, three of the Company’s customers, Eclipse, FedEx Corporation (“FedEx”), and National Nuclear Security Administration accounted for 20%, 14%, and 13% of total sales, respectively. In fiscal 2011, two of the Company’s customers, Eclipse and FedEx, accounted for 20% and 15% of total sales, respectively. Flat Panel sales were 88%, 87%, and 79% of total sales in the years ended September 30, 2013, 2012 and 2011, respectively. Sales of air data systems and components were 12%, 13%, and 21% of total sales for the years ended September 30, 2013, 2012 and 2011, respectively. Sales to government contractors and agencies accounted for approximately 28%, 45% and 30% of total sales during fiscal years 2013, 2012 and 2011, respectively. While under these contracts, the government agency or general contractor typically retains the right to terminate the contract at any time at its convenience. To date these contracts have generally included provisions requiring the payment to the Company of all revenue earned and costs incurred by the Company through the date of contract termination and do not entitle the customer to receive a refund of any previously paid fees. On November 29, 2011, AMR Corporation, the parent company of AAI and certain of its other U.S.-based subsidiaries filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York (the “Bankruptcy”). The Company’s revenues from AAI accounted for 14%, 5% and 8% of total revenue for the fiscal years 2013, 2012 and 2011, respectively. (See also Note 14 - Commitments and Contingencies). Major Suppliers The Company buys several of its components from sole source suppliers. Although there are a limited number of suppliers of particular components, management believes other suppliers could provide similar components on comparable terms. During fiscal 2013 and 2012 the Company had one supplier that accounted for 30% and 20%, respectively, of the Company’s total inventory purchases. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash balances and accounts receivable. The Company invests its excess cash where preservation of principal is the major consideration. The Company’s customer base consists principally of companies within the aviation industry. The Company may request advance payments and/or letters of credit from new customers or existing customers whose credit ratings do not meet the Company’s standards for extending normal credit terms. The Company maintained reserves for doubtful accounts of $0 million and $0.2 million at September 30, 2013 and 2012, respectively. The reserve balance for fiscal 2012 is related to sales of Engineering Development Contract services (“EDC”) to a customer that was impacted negatively by the current economic environment. As of September 30, 2013, the Company had pre-Bankruptcy outstanding accounts receivable of $760,000 from AAI. The Bankruptcy Court recently approved the settlement of the U.S. Department of Justice’s antitrust lawsuit challenging the AMR - U.S. Airways merger, and the merger was consummated on December 9, 2013. Shortly thereafter, the Company collected in full, the outstanding amount of $760,000. (See also Note 14 - Commitments and Contingencies).

2. Concentrations:

Major Customers and Products

In fiscal 2013, 2012 and 2011, the Company derived 64%, 63%, and 61%, respectively, of total sales from five customers, although not all the same customers in each year. Accounts receivable and unbilled receivables related to those top five customers was $5.9 million, $2.4 million, and $1.8 million as at September 30, 2013, 2012 and 2011, respectively.

During fiscal 2013, two of the Company’s customers, Eclipse Aerospace Inc. (“Eclipse”) and American Airlines Inc. (“AAI”) accounted for 24% and 14% of total sales, respectively. In fiscal 2012, three of the Company’s customers, Eclipse, FedEx Corporation (“FedEx”), and National Nuclear Security Administration accounted for 20%, 14%, and 13% of total sales, respectively. In fiscal 2011, two of the Company’s customers, Eclipse and FedEx, accounted for 20% and 15% of total sales, respectively.

Flat Panel sales were 88%, 87%, and 79% of total sales in the years ended September 30, 2013, 2012 and 2011, respectively. Sales of air data systems and components were 12%, 13%, and 21% of total sales for the years ended September 30, 2013, 2012 and 2011, respectively. Sales to government contractors and agencies accounted for approximately 28%, 45% and 30% of total sales during fiscal years 2013, 2012 and 2011, respectively. While under these contracts, the government agency or general contractor typically retains the right to terminate the contract at any time at its convenience. To date these contracts have generally included provisions requiring the payment to the Company of all revenue earned and costs incurred by the Company through the date of contract termination and do not entitle the customer to receive a refund of any previously paid fees.

On November 29, 2011, AMR Corporation, the parent company of AAI and certain of its other U.S.-based subsidiaries filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York (the “Bankruptcy”). The Company’s revenues from AAI accounted for 14%, 5% and 8% of total revenue for the fiscal years 2013, 2012 and 2011, respectively. (See also Note 14 - Commitments and Contingencies).

Major Suppliers

The Company buys several of its components from sole source suppliers. Although there are a limited number of suppliers of particular components, management believes other suppliers could provide similar components on comparable terms.

During fiscal 2013 and 2012 the Company had one supplier that accounted for 30% and 20%, respectively, of the Company’s total inventory purchases.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash balances and accounts receivable. The Company invests its excess cash where preservation of principal is the major consideration. The Company’s customer base consists principally of companies within the aviation industry. The Company may request advance payments and/or letters of credit from new customers or existing customers whose credit ratings do not meet the Company’s standards for extending normal credit terms.

The Company maintained reserves for doubtful accounts of $0 million and $0.2 million at September 30, 2013 and 2012, respectively. The reserve balance for fiscal 2012 is related to sales of Engineering Development Contract services (“EDC”) to a customer that was impacted negatively by the current economic environment. As of September 30, 2013, the Company had pre-Bankruptcy outstanding accounts receivable of $760,000 from AAI. The Bankruptcy Court recently approved the settlement of the U.S. Department of Justice’s antitrust lawsuit challenging the AMR - U.S. Airways merger, and the merger was consummated on December 9, 2013. Shortly thereafter, the Company collected in full, the outstanding amount of $760,000. (See also Note 14 - Commitments and Contingencies).