XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
 3 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Net sales:    
Product $ 7,738,614 $ 4,739,448
Engineering development contracts 3,367,197 1,797,286
Total net sales 11,105,811 6,536,734
Cost of sales:    
Product 3,798,857 2,160,448
Engineering development contracts 3,526,518 1,336,034
Total cost of sales 7,325,375 3,496,482
Gross profit 3,780,436 3,040,252
Operating expenses:    
Research and development 626,921 850,852
Selling, general and administrative 1,744,891 1,804,809
Total operating expenses 2,371,812 2,655,661
Operating income 1,408,624 384,591
Interest income 10,467 17,572
Other income 5,666 11,545
Income before income taxes 1,424,757 413,708
Income tax expense 416,161 96,119
Net income $ 1,008,596 $ 317,589
Net income per common share:    
Basic (in dollars per share) $ 0.06 $ 0.02
Diluted (in dollars per share) $ 0.06 $ 0.02
Cash dividends per share (in dollars per share):   $ 1.50
Weighted average shares outstanding:    
Basic (in shares) 16,888,086 16,608,507
Diluted (in shares) 17,094,346 16,608,513