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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended
--- | ---
Mar. 31, 2014 | Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES: |  |
Net income | $ 1,792,813 | $ 1,424,715
Adjustments to reconcile net income to net cash used in operating activities: |  |
Depreciation and amortization | 273,595 | 245,413
Share-based compensation expense: |  |
Stock options | 339,565 | 343,459
Nonvested stock awards | 100,042 | 100,031
Tax adjustment from share-based compensation | (159,259) | (12,403)
Excess and obsolete inventory cost | 25,553 |
(Increase) decrease in: |  |
Accounts receivable | (2,383,789) | (1,928,816)
Unbilled receivables | (1,720,900) | (2,406,070)
Inventories | (1,053,414) | (110,584)
Prepaid expenses and other current assets | (22,247) | 32,541
Other non-current assets | (10,447) |
Increase (decrease) in: |  |
Accounts payable | 1,296,522 | 579,399
Accrued expenses | 589,503 | (103,458)
Income taxes payable | (293,796) | 208,602
Deferred income tax | 578,839 | (106,928)
Deferred revenue | (159,807) | (521,383)
Net cash used in operating activities | (807,227) | (2,255,482)
CASH FLOWS FROM INVESTING ACTIVITIES: |  |
Purchases of property and equipment | (525,767) | (152,988)
Net cash used in investing activities | (525,767) | (152,988)
CASH FLOWS FROM FINANCING ACTIVITIES: |  |
Purchase of treasury stock |  | (696)
Dividend paid |  | (25,007,519)
Proceeds from exercise of stock options | 231,128 | 763,509
Net cash provided by (used in) financing activities | 231,128 | (24,244,706)
Net decrease in cash and cash equivalents | (1,101,866) | (26,653,176)
Cash and cash equivalents, beginning of year | 16,386,207 | 42,977,501
Cash and cash equivalents, end of period | 15,284,341 | 16,324,325
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |
Cash paid for income tax | $ 610,000 | $ 130,000

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