|
Condensed Consolidated Balance Sheets (USD $)
|
Sep. 30, 2012
|
Sep. 30, 2011
|
| CURRENT ASSETS |
|
|
| Cash and cash equivalents |
$ 6,234,268 |
$ 5,628,156 |
| Marketable securities |
405,169 |
2,035,593 |
| Accounts receivable, net |
9,553,385 |
7,771,356 |
| Inventories: |
|
|
| Parts, components, and materials |
3,773,356 |
3,969,656 |
| Work-in-process |
1,396,268 |
2,032,176 |
| Finished products |
4,133,649 |
5,392,699 |
| Inventory net |
9,303,273 |
11,394,531 |
| Recoverable income taxes |
92,811 |
92,811 |
| Prepaid expenses and other current assets |
529,070 |
624,939 |
| TOTAL CURRENT ASSETS |
26,117,976 |
27,547,386 |
| Property, plant and equipment: |
|
|
| Land |
1,188,960 |
1,179,155 |
| Buildings and improvements |
5,730,114 |
5,690,029 |
| Machinery, equipment and vehicles |
6,262,723 |
6,003,943 |
| Property, plant and equipment |
13,181,797 |
12,873,127 |
| Less accumulated depreciation and amortization |
9,139,622 |
8,532,990 |
| Property, Plant and Equipment Net |
4,042,175 |
4,340,137 |
| Other assets |
1,174,598 |
1,303,753 |
| TOTAL ASSETS |
31,334,749 |
33,191,276 |
| CURRENT LIABILITIES |
|
|
| Accounts payable |
3,403,378 |
4,240,096 |
| Accrued compensation and employee benefits |
2,505,744 |
2,297,575 |
| Accrued expenses |
1,168,750 |
1,022,034 |
| Unearned revenue |
443,708 |
495,612 |
| Income taxes payable |
32,589 |
32,589 |
| TOTAL CURRENT LIABILITIES |
7,554,169 |
8,087,906 |
| Unearned revenue |
161,028 |
234,927 |
| Other long-term liabilities |
2,431,742 |
2,424,516 |
| TOTAL LIABILITIES |
10,146,939 |
10,747,349 |
| SHAREHOLDERS’ EQUITY |
|
|
| Common stock, par value $.01 |
53,509 |
53,450 |
| Capital in excess of par value |
25,343,712 |
25,041,273 |
| Retained earnings |
261,375 |
1,641,720 |
| Less treasury stock, at cost |
(4,300,952) |
(4,219,502) |
| Accumulated other comprehensive loss |
(169,834) |
(73,014) |
| TOTAL SHAREHOLDERS’ EQUITY |
21,187,810 |
22,443,927 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
$ 31,334,749 |
$ 33,191,276 |