XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,754,673 $ 1,589,672
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 332,323 355,930
Share-based compensation expense:    
Stock options   68,172
Stock awards 191,748 183,222
Gain on disposal of property and equipment   (563)
Deferred income taxes 44 261,835
(Increase) decrease in:    
Accounts receivable 2,437,823 (3,444,668)
Unbilled receivables, net (2,362) 2,308,852
Inventories (887,211) 589,202
Prepaid expenses and other current assets (51,097) 85,449
Other non-current assets (45,926)  
Increase (decrease) in:    
Accounts payable, net (482,199) 413,293
Accrued expenses 65,123 (272,634)
Income taxes payable/receivable (104,318) 104
Deferred revenue 135,117 (457,694)
Net cash provided by operating activities 6,343,738 1,680,172
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (130,058) (263,238)
Proceeds from the sale of property and equipment   1,108
Net cash (used in) investing activities (130,058) (262,130)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of Company's stock   (169,871)
Net cash (used in) financing activities   (169,871)
Net increase in cash and cash equivalents 6,213,680 1,248,171
Cash and cash equivalents, beginning of year 18,767,661 16,282,039
Cash and cash equivalents, end of period 24,981,341 17,530,210
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income tax $ 400,000 $ 135,000