XML 22 R7.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Supplemental Balance Sheet Disclosures | 3 Months Ended
--- | ---
Dec. 31, 2012
Supplemental Balance Sheet Disclosures |
Supplemental Balance Sheet Disclosures | 2. Supplemental Balance Sheet Disclosures Inventories Inventories are stated at the lower of cost (first-in, first-out) or market, net of reserve for excess and obsolete inventory, and consist of the following:
|  | December 31, |  | September 30, |
|  | 2012 |  | 2012 |
Raw materials |  | $ | 2,610,038 |  | $ | 2,752,833 |
Work-in-process |  | 580,994 |  | 555,495 |
Finished goods |  | 276,662 |  | 493,219 |
|  | $ | 3,467,694 |  | $ | 3,801,547 |
Prepaid expenses and other current assets Prepaid expenses and other current assets consist of the following:
|  | December 31, |  | September 30, |
|  | 2012 |  | 2012 |
Revenue recognized not yet invoiced |  | $ | 3,007,771 |  | $ | 1,595,436 |
Prepaid insurance |  | 233,075 |  | 176,340 |
Other |  | 428,882 |  | 259,868 |
|  | $ | 3,669,728 |  | $ | 2,031,644 |
Revenue recognized not yet invoiced principally represents sales recorded under the percentage-of-completion method of accounting that have not been billed to customers in accordance with applicable contract terms. Property and equipment Property and equipment, net consists of the following balances:
|  | December 31, |  | September 30, |
|  | 2012 |  | 2012 |
Computer equipment |  | $ | 2,119,481 |  | $ | 2,090,556 |
Corporate airplane |  | 3,082,186 |  | 3,082,186 |
Furniture and office equipment |  | 1,076,849 |  | 1,076,849 |
Manufacturing facility |  | 5,616,422 |  | 5,605,616 |
Equipment |  | 4,382,214 |  | 4,378,714 |
Land |  | 1,021,245 |  | 1,021,245 |
|  | 17,298,397 |  | 17,255,166 |
Less: Accumulated depreciation and amortization |  | (10,146,747 | ) | (10,040,788 | )
|  | $ | 7,151,650 |  | $ | 7,214,378 |
Depreciation and amortization related to property and equipment was approximately $106,000 and $125,000 for the three months ended December 31, 2012 and 2011, respectively. The Corporate airplane is primarily utilized in support of product development and has been depreciated to its estimated salvage value. Other assets Other assets consist of the following:
|  | December 31, |  | September 30, |
|  | 2012 |  | 2012 |
Intangible assets, net of accumulated amortization of $454,837 and $441,637 at December 31, 2012 and September 30, 2012, respectively |  | $ | 145,400 |  | $ | 158,600 |
Intangible assets consist of licensing and certification rights which are amortized over a defined number of units. No impairment charges were recorded for the three months ended December 31, 2012 and 2011. Total amortization expense was approximately $13,000 and $42,000 for the three months ended December 31, 2012 and 2011, respectively. Since the intangible assets are being amortized over a defined number of units, the timing of future amortization expense is not determinable. Accrued expenses Accrued expenses consist of the following:
|  | December 31, |  | September 30, |
|  | 2012 |  | 2012 |
Warranty |  | $ | 799,748 |  | $ | 850,499 |
Salary, benefits and payroll taxes |  | 272,204 |  | 531,862 |
Professional fees |  | 380,998 |  | 330,858 |
Income taxes payable |  | 76,160 |  | 132,980 |
Materials on order |  | 60,871 |  | 43,374 |
Other |  | 1,019,047 |  | 834,239 |
|  | $ | 2,609,028 |  | $ | 2,723,812 |
Warranty cost and accrual information for the three months ended December 31, 2012 is highlighted below:
Warranty Accrual at September 30, 2012 |  | $ | 850,499 |
Accrued expense for the three months ended December 31, 2012 |  | (12,931 | )
Warranty cost for the three months ended December 31, 2012 |  | (37,820 | )
Warranty Accrual at December 31, 2012 |  | $ | 799,748 |

X
- Details
Name: | us-gaap_DisclosureTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References No definition available. + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration