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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Sales:        
Product $ 4,476,717 $ 6,376,042 $ 12,566,311 $ 20,771,687
Engineering development contracts 64,704 128,550 550,889 977,465
Returns and allowances     (556,009)  
Total net sales 4,541,421 6,504,592 12,561,191 21,749,152
Cost of sales:        
Product 2,074,500 2,490,681 5,996,291 8,461,419
Engineering development contracts 89,640 130,335 298,332 185,000
Total cost of sales 2,164,140 2,621,016 6,294,623 8,646,419
Gross profit 2,377,281 3,883,576 6,266,568 13,102,733
Operating expenses:        
Research and development 1,236,184 1,405,158 3,391,181 3,674,374
Selling, general and administrative 1,682,286 2,246,074 2,025,952 7,531,633
Total operating expenses 2,918,470 3,651,232 5,417,133 11,206,007
Operating (loss) income (541,189) 232,344 849,435 1,896,726
Interest income 7,682 9,092 27,505 24,458
Other income 15,628 12,457 4,174,953 71,490
(Loss) income before income taxes (517,879) 253,893 5,051,893 1,992,674
Income tax (benefit) expense (537,099) 27,096 297,220 403,002
Net income $ 19,220 $ 226,797 $ 4,754,673 $ 1,589,672
Net income per common share:        
Basic (in dollars per share) $ 0.00 $ 0.01 $ 0.28 $ 0.09
Diluted (in dollars per share) $ 0.00 $ 0.01 $ 0.28 $ 0.09
Weighted average shares outstanding:        
Basic (in shares) 16,755,082 16,941,707 16,735,533 16,925,688
Diluted (in shares) 16,870,404 17,059,546 16,847,305 17,027,216