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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Sep. 30, 2017
Current assets    
Cash and cash equivalents $ 23,438,543 $ 24,680,301
Accounts receivable 2,373,627 2,748,597
Unbilled receivables 926,629 1,480,822
Inventories 4,440,542 4,179,654
Prepaid expenses and other current assets 951,249 1,092,064
Total current assets 32,130,590 34,181,438
Property and equipment, net 6,588,808 6,669,011
Other assets 185,700 187,315
Total assets 38,905,098 41,037,764
Current liabilities    
Accounts payable 1,390,535 1,321,251
Accrued expenses 1,554,859 1,760,037
Deferred revenue 220,245 280,354
Total current liabilities 3,165,639 3,361,642
Deferred income taxes 129,574 67,742
Total liabilities 3,295,213 3,429,384
Commitments and contingencies (See Note 6)
Shareholders' equity    
Preferred stock, 10,000,000 shares authorized, $.001 par value, of which 200,000 shares are authorized as Class A Convertible stock. No shares issued and outstanding at March 31, 2018 and September 30, 2017
Common stock, $.001 par value: 75,000,000 shares authorized, 18,937,050 and 18,879,580 issued at March 31, 2018 and September 30, 2017, respectively 18,937 18,880
Additional paid-in capital 51,783,779 51,583,841
Retained earnings 5,175,706 7,374,196
Treasury stock, at cost, 2,096,451 shares at March 31, 2018 and September 30, 2017 (21,368,537) (21,368,537)
Total shareholders' equity 35,609,885 37,608,380
Total liabilities and shareholders' equity $ 38,905,098 $ 41,037,764