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Quarterly Financial Data (unaudited):
 12 Months Ended
Sep. 30, 2014
Quarterly Financial Data (unaudited):  
Quarterly Financial Data (unaudited):

16.  Quarterly Financial Data (unaudited):

 

Summarized quarterly results of operations of the Company for the years ended September 30, 2014 and September 30, 2013 are presented below:

 

 

 

Fiscal Year Ended September 30, 2014

 

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Net sales

 

$
11,105,811

 

$
12,495,016

 

$
10,575,976

 

$
9,918,221

 

Cost of sales

 
7,325,375

 
8,709,891

 
7,413,849

 
7,059,709

 

Gross profit

 
3,780,436

 
3,785,125

 
3,162,127

 
2,858,512

 

Operating income (loss)

 
1,408,624

 
1,089,640

 
659,901

 
(3,301,032

)

Net income (loss)

 
1,008,596

 
784,217

 
497,030

 
(2,089,575

)

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

Basic

 

$
0.06

 

$
0.05

 

$
0.03

 

$
(0.12

)

Diluted

 

$
0.06

 

$
0.05

 

$
0.03

 

$
(0.12

)

 

 

 

Fiscal Year Ended September 30, 2013

 

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Net sales

 

$
6,536,734 

 

$
8,214,974 

 

$
8,778,254 

 

$
8,037,345 

 

Cost of sales

 
3,496,482 

 
4,263,580 

 
5,332,798 

 
5,849,877 

 

Gross profit

 
3,040,252 

 
3,951,394 

 
3,445,456 

 
2,187,468 

 

Operating income

 
384,591 

 
1,210,837 

 
285,500 

 
46,537 

 

Net income

 
317,589 

 
1,107,128 

 
307,473 

 
154,727 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

 

 

Basic

 

$
0.02 

 

$
0.07 

 

$
0.02 

 

$
0.01 

 

Diluted

 

$
0.02 

 

$
0.07 

 

$
0.02 

 

$
0.01 

 

 

Quarterly and full fiscal year EPS are calculated independently based on the weighted average number of shares outstanding during each period.  As a result, the sum of each quarter’s per share amount may not equal the total per share amount for the respective year.