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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Sep. 30, 2024
Current assets    
Cash and cash equivalents $ 601,759 $ 538,977
Accounts receivable 11,536,254 12,612,482
Contract assets 1,135,671 1,680,060
Inventories 20,722,664 12,732,381
Prepaid inventory 3,872,279 5,960,404
Prepaid expenses and other current assets 1,942,806 1,161,394
Total current assets 39,811,433 34,685,698
Goodwill 6,703,104 5,213,104
Intangible assets, net 24,135,372 27,012,292
Property and equipment, net 18,153,271 13,372,298
Deferred income taxes 2,583,542 1,625,144
Other assets 397,866 473,725
Total assets 91,784,588 82,382,261
Current liabilities    
Accounts payable 5,109,191 2,315,479
Accrued expenses 3,639,396 4,609,294
Contract liability 2,529,533 340,481
Total current liabilities 11,278,120 7,265,254
Long-term debt 23,258,511 28,027,002
Other liabilities 459,131 451,350
Total liabilities 34,995,762 35,743,606
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 June 30, 2025 and September 30, 2024
Common stock, $.001 par value: 75,000,000 shares authorized, 19,716,152 and 19,599,052 issued at June 30, 2025 and September 30, 2024, respectively 19,716 19,599
Additional paid-in capital 56,954,206 55,320,500
Retained earnings 21,183,441 12,667,093
Treasury stock, at cost, 2,096,451 shares at June 30, 2025 and at September 30, 2024, respectively (21,368,537) (21,368,537)
Total shareholders' equity 56,788,826 46,638,655
Total liabilities and shareholders' equity $ 91,784,588 $ 82,382,261