XML 15 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,362,875 $ 229,651
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 232,265 287,874
Share-based compensation expense:    
Stock options 68,172 200,230
Stock awards 183,222 149,952
Tax adjustment from share-based compensation   (47,221)
Recovery of loss on unbilled receivables   (62,159)
(Gain) loss on disposal of property and equipment (563) (15,723)
Excess and obsolete inventory cost   217,832
Deferred income taxes 404,938 (575,614)
(Increase) decrease in:    
Accounts receivable (4,190,166) 1,028,911
Unbilled receivables, net 2,194,936 1,627,931
Inventories 525,969 633,713
Prepaid expenses and other current assets (207,323) (74,417)
Other non-current assets   (71,800)
Increase (decrease) in:    
Accounts payable 826,922 (1,363,070)
Accrued expenses 13,743 (1,400,897)
Income taxes payable/receivable 39 (236,339)
Deferred revenue (414,744) 234,527
Net cash provided by operating activities 1,000,285 763,381
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (75,550) (171,474)
Proceeds from the sale of property and equipment 1,108 15,900
Net cash (used in) investing activities (74,442) (155,574)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of Company's stock   (254,170)
Net cash (used in) financing activities   (254,170)
Net increase in cash and cash equivalents 925,843 353,637
Cash and cash equivalents, beginning of year 16,282,039 15,214,584
Cash and cash equivalents, end of period $ 17,207,882 15,568,221
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income tax   $ 190,000