Document_and_Entity_Informatio
Document and Entity Information Document (USD $) | 12 Months Ended | ||
Sep. 30, 2013 | Dec. 16, 2013 | Mar. 31, 2013 | |
Entity Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'VICON INDUSTRIES INC /NY/ | ' | ' |
Entity Central Index Key | '0000310056 | ' | ' |
Current Fiscal Year End Date | '--09-30 | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 4,503,885 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $4,714,000 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
CURRENT ASSETS | ' | ' |
Cash and cash equivalents | $8,281,714 | $6,234,268 |
Marketable securities | 115,433 | 405,169 |
Accounts receivable, net | 7,024,023 | 9,553,385 |
Inventories: | ' | ' |
Parts, components, and materials | 2,761,353 | 3,773,356 |
Work-in-process | 1,102,007 | 1,396,268 |
Finished products | 4,370,261 | 4,133,649 |
Inventory net | 8,233,621 | 9,303,273 |
Recoverable income taxes | 0 | 92,811 |
Prepaid expenses and other current assets | 687,881 | 529,070 |
TOTAL CURRENT ASSETS | 24,342,672 | 26,117,976 |
Property, plant and equipment: | ' | ' |
Land | 1,498,590 | 1,188,960 |
Buildings and improvements | 3,463,191 | 5,730,114 |
Machinery, equipment and vehicles | 5,867,261 | 6,262,723 |
Property, plant and equipment | 10,829,042 | 13,181,797 |
Less accumulated depreciation and amortization | 5,839,369 | 9,139,622 |
Property, Plant and Equipment Net | 4,989,673 | 4,042,175 |
Other assets | 973,410 | 1,174,598 |
TOTAL ASSETS | 30,305,755 | 31,334,749 |
CURRENT LIABILITIES | ' | ' |
Accounts payable | 2,732,228 | 3,403,378 |
Accrued compensation and employee benefits | 2,563,932 | 2,505,744 |
Accrued expenses | 1,194,105 | 1,201,339 |
Unearned revenue | 408,391 | 443,708 |
TOTAL CURRENT LIABILITIES | 6,898,656 | 7,554,169 |
Unearned revenue | 138,027 | 161,028 |
Other long-term liabilities | 1,744,416 | 2,431,742 |
TOTAL LIABILITIES | 8,781,099 | 10,146,939 |
SHAREHOLDERS’ EQUITY | ' | ' |
Common stock, par value $.01 | 53,601 | 53,509 |
Capital in excess of par value | 25,552,138 | 25,343,712 |
Retained earnings | 280,023 | 261,375 |
Less treasury stock, at cost | -4,226,852 | -4,300,952 |
Accumulated other comprehensive loss | -134,254 | -169,834 |
TOTAL SHAREHOLDERS’ EQUITY | 21,524,656 | 21,187,810 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $30,305,755 | $31,334,749 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets Condensed Consolidated Balance Sheets (parentheticals) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for Doubtful Accounts Receivable, Current | $977,000 | $1,030,000 |
Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Common Stock, Shares Authorized | 25,000,000 | 25,000,000 |
Common Stock, Shares, Issued | 5,360,083 | 5,350,933 |
Treasury stock, shares | 856,198 | 871,198 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Net sales | $39,846,083 | $49,652,366 |
Cost of sales | 24,701,839 | 30,015,525 |
Gross profit | 15,144,244 | 19,636,841 |
Operating expenses: | ' | ' |
Selling, general and administrative expense | 15,018,385 | 15,816,594 |
Engineering & development expense | 4,189,250 | 5,207,997 |
Operating Expenses | 19,207,635 | 21,024,591 |
Operating loss | -4,063,391 | -1,387,750 |
Other expense (income): | ' | ' |
Gain (Loss) on Sale of Property Plant Equipment | 3,497,789 | 0 |
Interest and other income | 41,250 | 64,405 |
Loss before income taxes | -524,352 | -1,323,345 |
Income tax benefit | 543,000 | -57,000 |
Net loss | $18,648 | ($1,380,345) |
Loss per share: | ' | ' |
Earnings Per Share, Basic | $0 | ($0.31) |
Earnings Per Share, Diluted | $0 | ($0.31) |
Weighted average shares outstanding: | ' | ' |
Basic | 4,495,539 | 4,481,239 |
Diluted | 4,506,202 | 4,481,239 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Cash flows from operating activities: | ' | ' |
Net loss | $18,648 | ($1,380,345) |
Gain on sale of building | -3,497,789 | 0 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ' | ' |
Deferred income taxes | -575,000 | 0 |
Depreciation and amortization | 473,189 | 580,609 |
Allocated Share-based Compensation Expense | 4,768 | 4,780 |
Stock compensation expense | 241,100 | 297,718 |
Change in assets and liabilities: | ' | ' |
Accounts receivable, net | 2,540,005 | -1,674,182 |
Inventories | 1,070,623 | 2,202,465 |
Recoverable income taxes | 92,811 | 0 |
Prepaid expenses and other current assets | -162,282 | 21,791 |
Other assets | 201,188 | 129,155 |
Accounts payable | -679,482 | -999,269 |
Accrued compensation and employee benefits | 103,604 | 194,951 |
Accrued expenses | 33,316 | 101,376 |
Unearned revenue | -58,319 | -125,803 |
Other liabilities | -113,007 | 1,216 |
Net cash provided by (used in) | -306,627 | -645,538 |
Cash flows from investing activities: | ' | ' |
Increase (Decrease) in Trading Securities | 278,865 | 1,600,716 |
Proceeds from sale of building | 6,350,000 | ' |
Proceeds from sale of buildings, net | 5,947,621 | 0 |
Payments to Acquire Buildings | -3,300,000 | 0 |
Payments to Acquire Property, Plant, and Equipment | -571,816 | -251,735 |
Net Cash Provided by (Used in) Investing Activities | 2,354,670 | 1,348,981 |
Net Cash Provided by (Used in) Financing Activities [Abstract] | ' | ' |
Payments for Repurchase of Common Stock | 0 | -81,450 |
Net Cash Provided by (Used in) Financing Activities | 0 | -81,450 |
Effect of Exchange Rate on Cash and Cash Equivalents | -597 | -15,881 |
Cash and Cash Equivalents, Period Increase (Decrease) | 2,047,446 | 606,112 |
Cash at beginning of year | 6,234,268 | 5,628,156 |
Cash at end of period | 8,281,714 | 6,234,268 |
Income taxes | 46,148 | 30,079 |
Interest | $0 | $0 |
Statements_of_Shareholders_Equ
Statements of Shareholders Equity (USD $) | Total | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Common Stock [Member] |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2011 | $22,443,927 | $25,041,273 | $1,641,720 | ($4,219,502) | ($73,014) | $53,450 |
Common Stock, Shares, Outstanding at Sep. 30, 2011 | ' | ' | ' | ' | ' | 5,345,008 |
Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ' | ' |
Net loss | -1,380,345 | 0 | -1,380,345 | 0 | 0 | 0 |
Foreign currency translation adjustment | 55,710 | ' | ' | ' | 55,710 | ' |
Unrealized loss on derivatives, net of tax | -122,822 | ' | ' | ' | -122,822 | ' |
Unrealized gain on marketable securities, net of tax | -29,708 | ' | ' | ' | -29,708 | ' |
Total comprehensive loss | -1,477,165 | ' | ' | ' | ' | ' |
Payments for Repurchase of Common Stock | -81,450 | 0 | 0 | 81,450 | 0 | 0 |
Distribution of deferred compensation, Shares Issued | ' | ' | ' | ' | ' | 5,925 |
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | 0 | -59 | ' | 0 | ' | 59 |
Exercise of stock options, shares | 0 | ' | ' | ' | ' | ' |
Share-based Compensation | 297,718 | 297,718 | ' | ' | ' | ' |
Deferred compensation amortization | 4,780 | 4,780 | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2012 | 21,187,810 | 25,343,712 | 261,375 | -4,300,952 | -169,834 | 53,509 |
Common Stock, Shares, Outstanding at Sep. 30, 2012 | ' | ' | ' | ' | ' | 5,350,933 |
Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ' | ' |
Net loss | 18,648 | 0 | 18,648 | 0 | 0 | 0 |
Foreign currency translation adjustment | 5,835 | ' | ' | ' | 5,835 | ' |
Unrealized loss on derivatives, net of tax | 40,616 | ' | ' | ' | 40,616 | ' |
Unrealized gain on marketable securities, net of tax | -10,871 | ' | ' | ' | -10,871 | ' |
Total comprehensive loss | 54,228 | ' | ' | ' | ' | ' |
Payments for Repurchase of Common Stock | 0 | ' | ' | ' | ' | ' |
Distribution of deferred compensation, Shares Issued | ' | ' | ' | ' | ' | 9,150 |
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued | 36,750 | -37,442 | ' | ' | ' | 92 |
Exercise of stock options, shares | 0 | ' | ' | ' | ' | ' |
Share-based Compensation | 241,100 | 241,100 | ' | ' | ' | ' |
Deferred compensation amortization | 4,768 | 4,768 | ' | ' | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2013 | $21,524,656 | $25,552,138 | $280,023 | ($4,226,852) | ($134,254) | $53,601 |
Common Stock, Shares, Outstanding at Sep. 30, 2013 | ' | ' | ' | ' | ' | 5,360,083 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Net Income (Loss) Attributable to Parent | $18,648 | ($1,380,345) |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | -10,871 | -29,708 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 40,616 | -122,822 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent | 5,835 | 55,710 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 35,580 | -96,820 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $54,228 | ($1,477,165) |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||||
Significant Accounting Policies [Text Block] | ' | ||||||
Summary of Significant Accounting Policies | |||||||
Nature of Business | |||||||
The Company designs, assembles and markets video management systems and system components for use in security, surveillance, safety and control purposes by end users. The Company markets its products worldwide primarily to installing dealers, systems integrators, government entities and distributors. | |||||||
Basis of Presentation | |||||||
The accompanying consolidated financial statements include the accounts of Vicon Industries, Inc. (the Company) and its wholly owned subsidiaries: Vicon Industries Limited and subsidiary (Vicon Deutschland GmbH) and TeleSite U.S.A., Inc. and subsidiary (Vicon Systems Ltd.), after elimination of intercompany accounts and transactions. | |||||||
Revenue Recognition | |||||||
Revenue is generally recognized when products are sold and title is passed to the customer. Advance service billings are deferred and recognized as revenues on a pro rata basis over the term of the service agreement. Pursuant to Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 605-25-05, the Company evaluates multiple-element revenue arrangements for separate units of accounting, and follows appropriate revenue recognition policies for each separate unit. Elements are considered separate units of accounting provided that (i) the delivered item has stand-alone value to the customer, (ii) there is objective and reliable evidence of the fair value of the undelivered item, and (iii) if a general right of return exists relative to the delivered item, delivery or performance of the undelivered item is considered probable and substantially within the control of the Company. As applied to the Company, under arrangements involving the sale of product and the provision of services, product sales are recognized as revenue when the products are sold and title is passed to the customer, and service revenue is recognized as services are performed. | |||||||
For products that include software and for separate licenses of the Company’s software products, the Company recognizes revenue in accordance with the provisions of FASB Accounting Standards Update (ASU) 2009-13, “Revenue Recognition (Topic 605) — Multiple-Deliverable Revenue Arrangements” (ASU 2009-13). ASU 2009-13 provides revenue recognition guidance for establishing separate units of accounting in a multiple element arrangement and requires the allocation of arrangement consideration to each deliverable in the arrangement based on the fair value of the elements. The fair value for each deliverable is based on vendor-specific objective evidence ("VSOE") if available, third-party evidence ("TPE") if VSOE is not available, or best estimate of selling price ("BESP") if neither VSOE nor TPE is available. BESP must be determined in a manner that is consistent with that used to determine the price to sell the specific elements on a standalone basis. | |||||||
Cash and Cash Equivalents | |||||||
Cash and cash equivalents include cash on deposit and amounts invested in highly liquid money market funds. | |||||||
Marketable Securities | |||||||
At September 30, 2013, marketable securities consisted of mutual fund investments principally in federal, state and local government debt securities of $115,433. Such mutual fund investments are stated at market value based on quoted market prices (Level 1 inputs) and are classified as available-for-sale under ASC 320, with cumulative unrealized gains and losses reported in accumulated other comprehensive income (loss) as a component of shareholders’ equity. The cost of such securities was $120,303 and $399,168 at September 30, 2013 and 2012, respectively, with $(4,870) and $6,001 of cumulative unrealized gains (losses), net of tax where applicable, included in the carrying amounts at September 30, 2013 and 2012, respectively. | |||||||
Allowances for Doubtful Accounts | |||||||
The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. If the financial condition of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. | |||||||
Inventories | |||||||
Inventories are valued at the lower of cost (on a moving average basis which approximates a first-in, first-out method) or market. When it is determined that a product or product line will be sold below carrying cost, affected on hand inventories are written down to their estimated net realizable values. | |||||||
Long-Lived Assets | |||||||
Property, plant, and equipment are recorded at cost and are being depreciated over periods ranging from 2 to 10 years. The Company's buildings are being depreciated over periods ranging from 25 to 40 years and leasehold improvements are amortized over the lesser of their estimated useful lives or the remaining lease term. Fully depreciated fixed assets are retired from the balance sheet when they are no longer in use. | |||||||
The Company reviews its long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the expected cash flows, undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized as the amount by which the carrying amount of the asset exceeds its fair value. | |||||||
Engineering and Development | |||||||
Product engineering and development costs are charged to expense as incurred, and amounted to $4,189,250 and $5,207,997 in fiscal 2013 and 2012, respectively. The Company evaluates the establishment of technological feasibility of its software in accordance with ASC 985 ("Accounting for the Costs of Computer Software to be Sold, Leased or Otherwise Marketed"). The Company has determined that technological feasibility for its new products is reached shortly before products are released for field testing. Costs incurred after technological feasibility has been established have not been material and are expensed as incurred. | |||||||
Earnings Per Share | |||||||
Basic EPS is computed based on the weighted average number of common shares outstanding. Diluted EPS reflects the maximum dilution that would have resulted from the exercise of stock options, warrants and incremental shares issuable under a deferred compensation agreement (see Note 6). In periods when losses are incurred, the effects of these securities are antidilutive and, therefore, are excluded from the computation of diluted EPS. | |||||||
Foreign Currency Translation | |||||||
The Company translates the financial statements of its foreign subsidiaries by applying the current rate method under which assets and liabilities are translated at the exchange rate on the balance sheet date, while revenues, costs, and expenses are translated at the average exchange rate for the reporting period. The resulting cumulative translation adjustment of $(129,384) and $(135,219) at September 30, 2013 and 2012, respectively, is recorded as a component of shareholders' equity in accumulated other comprehensive loss. | |||||||
Income Taxes | |||||||
The Company accounts for income taxes under the provisions of ASC 740 ("Accounting for Income Taxes"), which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred U.S. income taxes are not provided on undistributed earnings of foreign subsidiaries as the Company presently intends to reinvest such earnings indefinitely, and any plan to repatriate any of such earnings in the future is not expected to result in a material incremental tax liability to the Company. The Company provides for a valuation allowance against its entire net deferred tax asset balance due to the uncertainty of future realization (see Note 2 for further discussion). | |||||||
The Company accrues liabilities for identified tax contingencies that result from positions that are being challenged or could be challenged by tax authorities. The Company believes that its accrual for tax liabilities is adequate for all open years, based on Management’s assessment of many factors, including its interpretations of the tax law and judgments about potential actions by tax authorities. However, it is possible that the ultimate resolution of any tax audit may be materially greater or lower than the amount accrued. | |||||||
Product Warranties | |||||||
The Company provides for the estimated cost of product warranties at the time revenue is recognized. While the Company engages in product quality programs and processes, including monitoring and evaluating the quality of its component suppliers, its warranty obligation is affected by product failure rates, material usage and service delivery costs incurred in correcting a product failure. Should actual product failure rates, material usage or service delivery costs differ from its estimates, revisions to the estimated warranty liability may be required. At September 30, 2013 and 2012, the Company's accrued product warranty liability was $411,000 and $438,000, respectively. | |||||||
Derivative Instruments | |||||||
ASC 815 (“Accounting for Derivative Instruments and Hedging Activities”), establishes accounting and reporting standards for derivative instruments as either assets or liabilities in the statement of financial position based on their fair values. Changes in the fair values are required to be reported in earnings or other comprehensive income (loss) depending on the use of the derivative and whether it qualifies for hedge accounting. Derivative instruments are designated and accounted for as either a hedge of a recognized asset or liability (fair value hedge) or a hedge of a forecasted transaction (cash flow hedge). For derivatives designated as effective cash flow hedges, changes in fair values are recognized in other comprehensive income (loss). Changes in fair values related to fair value hedges as well as the ineffective portion of cash flow hedges are recognized in earnings. | |||||||
The Company does not use derivative instruments for speculative or trading purposes. Derivative instruments are primarily used to manage exposures related to transactions with the Company’s Europe and Israel based subsidiaries. To accomplish this, the Company enters into foreign currency forward exchange contracts (“contracts”), which minimize cash flow risks from changes in foreign currency exchange rates. These derivatives have been designated as cash flow hedges for accounting purposes. | |||||||
As of September 30, 2013, the Company had no forward exchange contracts outstanding and as of September 30, 2012, the Company had outstanding contracts with notional amounts aggregating $3.5 million, whose aggregate fair value was a liability of approximately $40,616. The change in the fair value of these derivatives is reflected in other comprehensive income (loss) in the accompanying statements of comprehensive loss, net of tax where applicable. The contracts have maturities of less than one year and require the Company to exchange currencies at specified dates and rates. The Company considers the credit risk related to the contracts to be low because such instruments are entered into with financial institutions having high credit ratings and are generally settled on a net basis. There were no gains or losses recognized in operations due to hedge ineffectiveness during the two-year period ended September 30, 2013. | |||||||
Fair Value of Financial Instruments | |||||||
The majority of the Company’s non-financial assets and liabilities are not required to be carried at fair value on a recurring basis, but the Company is required on a non-recurring basis to use fair value measurements when analyzing asset impairment as it relates to long-lived assets. The carrying amounts for trade accounts, other receivables and accounts payable approximate fair value due to the short-term maturity of these instruments. The fair value of the Company’s foreign currency forward exchange contracts is estimated by obtaining quoted market exchange rates for similar contracts (Level 2 inputs). | |||||||
Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | |||||||
Accounting for Stock-Based Compensation | |||||||
The Company follows ASC 718 (“Share-Based Payment”), which requires that all share based payments to employees, including stock options, be recognized as compensation expense in the consolidated financial statements based on their fair values and over the requisite service period. For the years ended September 30, 2013 and 2012, the Company recorded non-cash compensation expense of $241,100 ($.05 per basic and diluted share) and $297,718 ($.07 per basic and diluted share), respectively, relating to stock-based compensation. | |||||||
The fair value for options granted during the fiscal years ended September 30, 2013 and 2012 was determined at the date of grant using a Black-Scholes valuation model and the straight-line attribution approach using the following weighted average assumptions: | |||||||
2013 | 2012 | ||||||
Risk-free interest rate | 1.1 | % | 1.7 | % | |||
Dividend yield | 0 | % | 0 | % | |||
Volatility factor | 61.1 | % | 59.9 | % | |||
Weighted average expected life | 7.5 years | 7.5 years | |||||
The risk-free interest rate used in the Black-Scholes valuation method is based on the implied yield currently available in U.S. Treasury securities at maturity with an equivalent term. The Company has not recently declared or paid any dividends and does not currently expect to do so in the future. Expected volatility is based on the annualized daily historical volatility of the Company’s stock over a representative period. The weighted-average expected life represents the period over which stock-based awards are expected to be outstanding and was determined based on a number of factors, including historical weighted average and projected holding periods for the remaining unexercised shares, the contractual terms of the Company’s stock-based awards, vesting schedules and expectations of future employee behavior. | |||||||
The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. Because the Company's employee stock options have characteristics significantly different from traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management's opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options. | |||||||
Use of Estimates | |||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, provisions for doubtful accounts receivable, net realizable value of inventory, warranty obligations, income tax accruals, deferred tax valuation and assessments of the recoverability of the Company’s long-lived assets. Actual results could differ from those estimates. | |||||||
Reclassifications | |||||||
Certain prior year amounts have been reclassified to conform to current year presentation. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Note 10: Income Taxes [Abstract] | ' | ||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||
Income Taxes | |||||||||||||||
The components of income tax expense (benefit) for the fiscal years indicated are as follows: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Current: | |||||||||||||||
Federal | $ | (575,000 | ) | $ | — | ||||||||||
State | — | — | |||||||||||||
Foreign | 32,000 | 57,000 | |||||||||||||
(543,000 | ) | 57,000 | |||||||||||||
Deferred: | |||||||||||||||
Federal | — | — | |||||||||||||
State | — | — | |||||||||||||
Foreign | — | — | |||||||||||||
— | — | ||||||||||||||
Total | $ | (543,000 | ) | $ | 57,000 | ||||||||||
A reconciliation of the U.S statutory tax rate to the Company’s effective tax rate follows: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||
U.S. statutory tax | $ | (178,000 | ) | (34.0 | )% | $ | (450,000 | ) | (34.0 | )% | |||||
Change in uncertain tax positions | (575,000 | ) | (109.7 | ) | — | — | |||||||||
Increase (decrease) in valuation allowance | (257,000 | ) | (49.0 | ) | 432,000 | 32.6 | |||||||||
Foreign tax rate differences | 178,000 | 33.9 | 62,000 | 4.7 | |||||||||||
Prior year foreign tax adjustment | 164,000 | 31.3 | — | — | |||||||||||
Permanent differences | 88,000 | 16.8 | 84,000 | 6.3 | |||||||||||
State tax, net of federal benefit | 27,000 | 5.1 | (16,000 | ) | (1.2 | ) | |||||||||
Other, net | 10,000 | 2 | (55,000 | ) | (4.2 | ) | |||||||||
Effective tax rate | $ | (543,000 | ) | (103.6 | )% | $ | 57,000 | 4.3 | % | ||||||
The tax effects of temporary differences that give rise to deferred tax assets and liabilities at September 30, 2013 and 2012 are presented below: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Deferred tax assets: | |||||||||||||||
Inventories | $ | 900,000 | $ | 868,000 | |||||||||||
Accrued compensation | 459,000 | 450,000 | |||||||||||||
Warranty accrual | 139,000 | 148,000 | |||||||||||||
Depreciation | 75,000 | 507,000 | |||||||||||||
Allowance for doubtful accounts receivable | 335,000 | 341,000 | |||||||||||||
Unearned revenue | 202,000 | 224,000 | |||||||||||||
U.S. net operating loss carryforwards | 2,117,000 | 2,072,000 | |||||||||||||
Foreign net operating loss carryforwards | 986,000 | 915,000 | |||||||||||||
Tax credits | 398,000 | 366,000 | |||||||||||||
Other | 299,000 | 286,000 | |||||||||||||
Gross deferred tax assets | 5,910,000 | 6,177,000 | |||||||||||||
Deferred tax liabilities: | |||||||||||||||
Other | 38,000 | 48,000 | |||||||||||||
Gross deferred tax liabilities | 38,000 | 48,000 | |||||||||||||
Total deferred tax assets and liabilities | 5,872,000 | 6,129,000 | |||||||||||||
Less valuation allowance | (5,872,000 | ) | (6,129,000 | ) | |||||||||||
Net deferred tax assets and liabilities | $ | — | $ | — | |||||||||||
Deferred tax assets and liabilities are recognized based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities. Deferred tax assets represent items to be used as a tax deduction or credit in future tax returns for which a tax benefit has been recorded in the income statement. Deferred U.S. income taxes are not provided on approximately $2.6 million of undistributed earnings of foreign subsidiaries as the Company presently intends to reinvest such earnings indefinitely, and any plan to repatriate any of such earnings in the future is not expected to result in a material incremental tax liability to the Company. The Company provides for a valuation allowance against its deferred tax assets due to the uncertainty of future realization. The full valuation allowance is determined to be appropriate due to the Company's operating losses since fiscal year 2010 and the inherent uncertainties of predicting future operating results in periods over which such net tax differences become deductible. | |||||||||||||||
Pretax domestic income (loss) amounted to approximately $651,000 and ($797,000) in fiscal years 2013 and 2012, respectively. Pretax foreign loss amounted to approximately ($1,175,000) and ($526,000) in fiscal years 2013 and 2012, respectively. The Company has U.S. and foreign net operating loss carryforwards (NOL's) of approximately $5.8 million and $3.8 million, respectively, available to offset future taxable income. Such NOL's can be carried forward over periods through September 30, 2033 in the U.S. and indefinitely in foreign jurisdictions. | |||||||||||||||
The Company follows the provisions of ASC 740 as it relates to uncertain tax positions. | |||||||||||||||
Unrecognized tax benefits activity for the years ended September 30, 2013 and 2012 is summarized below: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Beginning balance | $ | 502,000 | $ | 478,000 | |||||||||||
Additions (reductions) based on tax | |||||||||||||||
positions related to prior years | (457,000 | ) | 24,000 | ||||||||||||
Additions (reductions) based on tax | |||||||||||||||
positions related to the current year | — | — | |||||||||||||
Ending balance | $ | 45,000 | $ | 502,000 | |||||||||||
The Company recognizes potential accrued interest and penalties related to unrecognized tax benefits in income tax expense. At September 30, 2013 and 2012, the combined amount of accrued net interest and penalties related to tax positions taken or to be taken on the Company’s tax returns and recorded as part of the reserves for uncertain tax positions was $0 and $118,000, respectively. The Company files U.S. Federal and State income tax returns and foreign tax returns in the United Kingdom, Germany and Israel. The Company is generally no longer subject to tax examinations for fiscal years prior to 2010 in the U.S. and 2008 in the U.K., Germany and Israel. | |||||||||||||||
Comprehensive_Loss
Comprehensive Loss | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Comprehensive Loss [Abstract] | ' | ||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||
Accumulated Other Comprehensive Loss | |||||||||
The accumulated other comprehensive loss balances at September 30, 2013 and 2012 consisted of the following: | |||||||||
2013 | 2012 | ||||||||
Foreign currency translation adjustment | $ | (129,384 | ) | $ | (135,219 | ) | |||
Unrealized loss on derivatives | — | (40,616 | ) | ||||||
Unrealized gain (loss) on marketable securities | (4,870 | ) | 6,001 | ||||||
Accumulated other comprehensive loss | $ | (134,254 | ) | $ | (169,834 | ) |
Segment_and_Geographic_Informa
Segment and Geographic Information | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Segment and Geographic Information [Abstract] | ' | ||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||
Segment and Geographic Information | |||||||||
The Company operates in one business segment which encompasses the design, assembly and marketing of video management systems and system components for the electronic protection segment of the security industry. Its U.S. based operations consist of Vicon Industries, Inc., the Company’s corporate headquarters and principal operating entity. Its Europe-based operations consist of Vicon Industries Limited and its Vicon Deutschland GmbH subsidiary, which market and distribute the Company’s products principally within Europe and the Middle East. | |||||||||
Net sales and long-lived assets related to operations in the United States and other foreign countries for the fiscal years ended September 30, 2013 and 2012 are as follows: | |||||||||
2013 | 2012 | ||||||||
Net sales | |||||||||
U.S. | $ | 29,687,567 | $ | 38,438,064 | |||||
Foreign | 10,158,516 | 11,214,302 | |||||||
Total | $ | 39,846,083 | $ | 49,652,366 | |||||
Long-lived assets | |||||||||
U.S. | $ | 3,999,676 | $ | 3,050,983 | |||||
Foreign | 989,997 | 991,192 | |||||||
Total | $ | 4,989,673 | $ | 4,042,175 | |||||
U.S. sales include $4,202,069 and $6,755,466 for export in fiscal years 2013 and 2012, respectively. Foreign sales principally represent sales from the Company’s Europe based subsidiaries. |
Stock_Option_Plans
Stock Option Plans | 12 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Stock Option Plans [Abstract] | ' | |||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||
Stock Option Plans | ||||||||||
The Company maintains stock option plans and a stock incentive plan that provide for the grant of incentive and non-qualified options covering a total of 484,608 shares of common stock reserved for issuance to key employees, including officers and directors, as of September 30, 2013. All options are issued at fair market value at the grant date and are exercisable in varying installments according to the plans. The plans allow for the payment of option exercises through the surrender of previously owned mature shares based on the fair market value of such shares at the date of surrender. Such surrendering of mature shares by holders results in an increase to treasury stock based on the stock price on date of surrender. There were 55,108 options available for grant at September 30, 2013. | ||||||||||
Changes in outstanding stock options for the two years ended September 30, 2013 are as follows: | ||||||||||
Number | Weighted | Weighted | Aggregate | |||||||
of Options | Average | Average | Intrinsic | |||||||
Exercise | Remaining | Value | ||||||||
Price | Contractual | |||||||||
Term | ||||||||||
(in years) | ||||||||||
Outstanding at September 30, 2011 | 507,051 | $4.45 | ||||||||
Options granted | 78,000 | $3.19 | ||||||||
Options exercised | — | $— | ||||||||
Options forfeited | (104,051 | ) | $4.18 | |||||||
Outstanding at September 30, 2012 | 481,000 | $4.32 | ||||||||
Options granted | 26,000 | $2.62 | ||||||||
Options exercised | — | — | ||||||||
Options forfeited | (77,500 | ) | $3.81 | |||||||
Outstanding at September 30, 2013 | 429,500 | $4.31 | 6.1 | — | ||||||
Exercisable at September 30, 2013 | 281,112 | $4.57 | 5.4 | — | ||||||
The weighted-average grant date fair value of options granted during the years ended September 30, 2013 and 2012 was $1.61 and $2.03, respectively. As of September 30, 2013, there was $201,395 of total unrecognized compensation cost, net of estimated forfeitures, related to nonvested share-based compensation arrangements, which is expected to be recognized over a weighted-average period of 1.4 years. |
Loss_per_Share
Loss per Share | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Loss per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
Earnings (Loss) Per Share | |||||||||
The following table provides the components of the basic and diluted earnings (loss) per share (EPS) computations: | |||||||||
2013 | 2012 | ||||||||
Basic EPS Computation | |||||||||
Net income (loss) | $ | 18,648 | $ | (1,380,345 | ) | ||||
Weighted average shares outstanding | 4,495,539 | 4,481,239 | |||||||
Basic earnings (loss) per share | $ | — | $ | (.31 | ) | ||||
Diluted EPS Computation | |||||||||
Net income (loss) | $ | 18,648 | $ | (1,380,345 | ) | ||||
Weighted average shares outstanding | 4,495,539 | 4,481,239 | |||||||
Stock options | — | — | |||||||
Stock compensation arrangements | 10,663 | — | |||||||
Diluted shares outstanding | 4,506,202 | 4,481,239 | |||||||
Diluted earnings (loss) per share | $ | — | $ | (.31 | ) | ||||
For fiscal year 2012, 11,163 shares have been omitted from the calculation of diluted EPS as their effect would have been antidilutive. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Commitments and Contingencies | |
The Company leases vehicles and occupies certain facilities under operating leases that expire at various dates through 2016. The leases, which cover periods from three to eight years, generally provide for renewal options at specified rental amounts. The aggregate operating lease commitment at September 30, 2013 was $920,000 with minimum rentals for the fiscal years shown as follows: 2014 - $454,000; 2015 - $350,000; and 2016 - $116,000. | |
The Company is a party to employment agreements with certain of its officers that provide for, among other things, the payment of compensation if there is a change in control without Board of Director approval (as defined in the agreements). The contingent liability under such change in control provisions at September 30, 2013 would have been approximately $1.6 million. Certain of the Company’s employment agreements with its officers provide for a severance/retirement benefit upon certain occurrences or at a specified date of retirement, absent a change in control, aggregating $1.1 million at September 30, 2013. The Company is amortizing such obligation to expense on the straight-line method through the specified dates of retirement. Such expense amounted to approximately $81,000 and $109,000 in fiscal 2013 and 2012, respectively. | |
The Company has agreements with certain of its officers to provide a deferred compensation benefit in the form of 16,320 shares of common stock currently held by the Company in treasury. Such shares vest upon retirement or earlier under certain occurrences including death, involuntary termination or a change in control of the Company. The market value of such shares approximated $63,000 at the dates of grant, which is being amortized on the straight-line method through the specified dates of retirement. |
Headquarters_Facility_Sale_and
Headquarters Facility Sale and Purchase | 12 Months Ended |
Sep. 30, 2013 | |
Litigation [Abstract] | ' |
Unusual or Infrequent Items Disclosure [Text Block] | ' |
Headquarters Facility Sale and Purchase | |
In April 2013, the Company entered into a Contract of Sale Agreement and closed on the purchase of a new headquarters facility in Edgewood (Brentwood), New York, for a cash purchase price of $3.3 million. | |
In August 2013, the Company closed on a Contract of Sale Agreement to sell its Hauppauge, New York headquarters facility for a gross sale price of $6,350,000. The sale resulted in a gain of approximately $3.5 million in the accompanying consolidated statement of operations for 2013. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Related Party Transactions | |
As of September 30, 2013, CBC Co., Ltd. and affiliates (“CBC”) owned approximately 12.1% of the Company’s outstanding common stock. The Company, which has been conducting business with CBC since 1979, imports certain finished products and components through CBC and also sells its products to CBC. The Company purchased approximately $2.4 million and $1.9 million of products and components from CBC in fiscal years 2013 and 2012, respectively, and the Company sold $12,000 and $15,000 of products to CBC for distribution in fiscal years 2013 and 2012, respectively. At September 30, 2013 and 2012, the Company owed $63,000 and $146,000 , respectively, to CBC. At September 30, 2013 and 2012, CBC owed $3,000 and $6,000 , respectively, to the Company resulting from purchases and sales of products. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 12 Months Ended |
Sep. 30, 2013 | |
Recent Accounting Pronouncements [Abstract] | ' |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | ' |
Recent Accounting Pronouncements | |
The Company does not expect the adoption of any recently issued accounting pronouncements to have a material impact on its consolidated financial statements. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies Significant Accounting Policies (Policies) | 12 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||||
Use of Estimates, Policy [Policy Text Block] | ' | ||||||
Use of Estimates | |||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, provisions for doubtful accounts receivable, net realizable value of inventory, warranty obligations, income tax accruals, deferred tax valuation and assessments of the recoverability of the Company’s long-lived assets. Actual results could differ from those estimates. | |||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ||||||
Accounting for Stock-Based Compensation | |||||||
The Company follows ASC 718 (“Share-Based Payment”), which requires that all share based payments to employees, including stock options, be recognized as compensation expense in the consolidated financial statements based on their fair values and over the requisite service period. For the years ended September 30, 2013 and 2012, the Company recorded non-cash compensation expense of $241,100 ($.05 per basic and diluted share) and $297,718 ($.07 per basic and diluted share), respectively, relating to stock-based compensation. | |||||||
The fair value for options granted during the fiscal years ended September 30, 2013 and 2012 was determined at the date of grant using a Black-Scholes valuation model and the straight-line attribution approach using the following weighted average assumptions: | |||||||
2013 | 2012 | ||||||
Risk-free interest rate | 1.1 | % | 1.7 | % | |||
Dividend yield | 0 | % | 0 | % | |||
Volatility factor | 61.1 | % | 59.9 | % | |||
Weighted average expected life | 7.5 years | 7.5 years | |||||
The risk-free interest rate used in the Black-Scholes valuation method is based on the implied yield currently available in U.S. Treasury securities at maturity with an equivalent term. The Company has not recently declared or paid any dividends and does not currently expect to do so in the future. Expected volatility is based on the annualized daily historical volatility of the Company’s stock over a representative period. The weighted-average expected life represents the period over which stock-based awards are expected to be outstanding and was determined based on a number of factors, including historical weighted average and projected holding periods for the remaining unexercised shares, the contractual terms of the Company’s stock-based awards, vesting schedules and expectations of future employee behavior. | |||||||
The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. Because the Company's employee stock options have characteristics significantly different from traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management's opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options. | |||||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | ||||||
Fair Value of Financial Instruments | |||||||
The majority of the Company’s non-financial assets and liabilities are not required to be carried at fair value on a recurring basis, but the Company is required on a non-recurring basis to use fair value measurements when analyzing asset impairment as it relates to long-lived assets. The carrying amounts for trade accounts, other receivables and accounts payable approximate fair value due to the short-term maturity of these instruments. The fair value of the Company’s foreign currency forward exchange contracts is estimated by obtaining quoted market exchange rates for similar contracts (Level 2 inputs). | |||||||
Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | |||||||
Income Tax, Policy [Policy Text Block] | ' | ||||||
Income Taxes | |||||||
The Company accounts for income taxes under the provisions of ASC 740 ("Accounting for Income Taxes"), which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred U.S. income taxes are not provided on undistributed earnings of foreign subsidiaries as the Company presently intends to reinvest such earnings indefinitely, and any plan to repatriate any of such earnings in the future is not expected to result in a material incremental tax liability to the Company. The Company provides for a valuation allowance against its entire net deferred tax asset balance due to the uncertainty of future realization (see Note 2 for further discussion). | |||||||
The Company accrues liabilities for identified tax contingencies that result from positions that are being challenged or could be challenged by tax authorities. The Company believes that its accrual for tax liabilities is adequate for all open years, based on Management’s assessment of many factors, including its interpretations of the tax law and judgments about potential actions by tax authorities. However, it is possible that the ultimate resolution of any tax audit may be materially greater or lower than the amount accrued. | |||||||
Earnings Per Share, Policy [Policy Text Block] | ' | ||||||
Earnings Per Share | |||||||
Basic EPS is computed based on the weighted average number of common shares outstanding. Diluted EPS reflects the maximum dilution that would have resulted from the exercise of stock options, warrants and incremental shares issuable under a deferred compensation agreement (see Note 6). In periods when losses are incurred, the effects of these securities are antidilutive and, therefore, are excluded from the computation of diluted EPS. | |||||||
Trade and Other Accounts Receivable, Policy [Policy Text Block] | ' | ||||||
Allowances for Doubtful Accounts | |||||||
The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. If the financial condition of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. | |||||||
Nature of Business [Policy Text Block] | ' | ||||||
Nature of Business | |||||||
The Company designs, assembles and markets video management systems and system components for use in security, surveillance, safety and control purposes by end users. The Company markets its products worldwide primarily to installing dealers, systems integrators, government entities and distributors. | |||||||
Consolidation, Policy [Policy Text Block] | ' | ||||||
Basis of Presentation | |||||||
The accompanying consolidated financial statements include the accounts of Vicon Industries, Inc. (the Company) and its wholly owned subsidiaries: Vicon Industries Limited and subsidiary (Vicon Deutschland GmbH) and TeleSite U.S.A., Inc. and subsidiary (Vicon Systems Ltd.), after elimination of intercompany accounts and transactions. | |||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||||
Revenue Recognition | |||||||
Revenue is generally recognized when products are sold and title is passed to the customer. Advance service billings are deferred and recognized as revenues on a pro rata basis over the term of the service agreement. Pursuant to Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 605-25-05, the Company evaluates multiple-element revenue arrangements for separate units of accounting, and follows appropriate revenue recognition policies for each separate unit. Elements are considered separate units of accounting provided that (i) the delivered item has stand-alone value to the customer, (ii) there is objective and reliable evidence of the fair value of the undelivered item, and (iii) if a general right of return exists relative to the delivered item, delivery or performance of the undelivered item is considered probable and substantially within the control of the Company. As applied to the Company, under arrangements involving the sale of product and the provision of services, product sales are recognized as revenue when the products are sold and title is passed to the customer, and service revenue is recognized as services are performed. | |||||||
For products that include software and for separate licenses of the Company’s software products, the Company recognizes revenue in accordance with the provisions of FASB Accounting Standards Update (ASU) 2009-13, “Revenue Recognition (Topic 605) — Multiple-Deliverable Revenue Arrangements” (ASU 2009-13). ASU 2009-13 provides revenue recognition guidance for establishing separate units of accounting in a multiple element arrangement and requires the allocation of arrangement consideration to each deliverable in the arrangement based on the fair value of the elements. The fair value for each deliverable is based on vendor-specific objective evidence ("VSOE") if available, third-party evidence ("TPE") if VSOE is not available, or best estimate of selling price ("BESP") if neither VSOE nor TPE is available. BESP must be determined in a manner that is consistent with that used to determine the price to sell the specific elements on a standalone basis. | |||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||||
Cash and Cash Equivalents | |||||||
Cash and cash equivalents include cash on deposit and amounts invested in highly liquid money market funds. | |||||||
Marketable Securities, Policy [Policy Text Block] | ' | ||||||
Marketable Securities | |||||||
At September 30, 2013, marketable securities consisted of mutual fund investments principally in federal, state and local government debt securities of $115,433. Such mutual fund investments are stated at market value based on quoted market prices (Level 1 inputs) and are classified as available-for-sale under ASC 320, with cumulative unrealized gains and losses reported in accumulated other comprehensive income (loss) as a component of shareholders’ equity. The cost of such securities was $120,303 and $399,168 at September 30, 2013 and 2012, respectively, with $(4,870) and $6,001 of cumulative unrealized gains (losses), net of tax where applicable, included in the carrying amounts at September 30, 2013 and 2012, respectively. | |||||||
Inventory, Policy [Policy Text Block] | ' | ||||||
Inventories | |||||||
Inventories are valued at the lower of cost (on a moving average basis which approximates a first-in, first-out method) or market. When it is determined that a product or product line will be sold below carrying cost, affected on hand inventories are written down to their estimated net realizable values. | |||||||
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | ' | ||||||
Long-Lived Assets | |||||||
Property, plant, and equipment are recorded at cost and are being depreciated over periods ranging from 2 to 10 years. The Company's buildings are being depreciated over periods ranging from 25 to 40 years and leasehold improvements are amortized over the lesser of their estimated useful lives or the remaining lease term. Fully depreciated fixed assets are retired from the balance sheet when they are no longer in use. | |||||||
The Company reviews its long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the expected cash flows, undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized as the amount by which the carrying amount of the asset exceeds its fair value. | |||||||
Research and Development Expense, Policy [Policy Text Block] | ' | ||||||
Engineering and Development | |||||||
Product engineering and development costs are charged to expense as incurred, and amounted to $4,189,250 and $5,207,997 in fiscal 2013 and 2012, respectively. The Company evaluates the establishment of technological feasibility of its software in accordance with ASC 985 ("Accounting for the Costs of Computer Software to be Sold, Leased or Otherwise Marketed"). The Company has determined that technological feasibility for its new products is reached shortly before products are released for field testing. Costs incurred after technological feasibility has been established have not been material and are expensed as incurred. | |||||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | ||||||
Foreign Currency Translation | |||||||
The Company translates the financial statements of its foreign subsidiaries by applying the current rate method under which assets and liabilities are translated at the exchange rate on the balance sheet date, while revenues, costs, and expenses are translated at the average exchange rate for the reporting period. The resulting cumulative translation adjustment of $(129,384) and $(135,219) at September 30, 2013 and 2012, respectively, is recorded as a component of shareholders' equity in accumulated other comprehensive loss. | |||||||
Standard Product Warranty, Policy [Policy Text Block] | ' | ||||||
Product Warranties | |||||||
The Company provides for the estimated cost of product warranties at the time revenue is recognized. While the Company engages in product quality programs and processes, including monitoring and evaluating the quality of its component suppliers, its warranty obligation is affected by product failure rates, material usage and service delivery costs incurred in correcting a product failure. Should actual product failure rates, material usage or service delivery costs differ from its estimates, revisions to the estimated warranty liability may be required. | |||||||
Derivatives, Policy [Policy Text Block] | ' | ||||||
Derivative Instruments | |||||||
ASC 815 (“Accounting for Derivative Instruments and Hedging Activities”), establishes accounting and reporting standards for derivative instruments as either assets or liabilities in the statement of financial position based on their fair values. Changes in the fair values are required to be reported in earnings or other comprehensive income (loss) depending on the use of the derivative and whether it qualifies for hedge accounting. Derivative instruments are designated and accounted for as either a hedge of a recognized asset or liability (fair value hedge) or a hedge of a forecasted transaction (cash flow hedge). For derivatives designated as effective cash flow hedges, changes in fair values are recognized in other comprehensive income (loss). Changes in fair values related to fair value hedges as well as the ineffective portion of cash flow hedges are recognized in earnings. | |||||||
The Company does not use derivative instruments for speculative or trading purposes. Derivative instruments are primarily used to manage exposures related to transactions with the Company’s Europe and Israel based subsidiaries. To accomplish this, the Company enters into foreign currency forward exchange contracts (“contracts”), which minimize cash flow risks from changes in foreign currency exchange rates. These derivatives have been designated as cash flow hedges for accounting purposes. | |||||||
As of September 30, 2013, the Company had no forward exchange contracts outstanding and as of September 30, 2012, the Company had outstanding contracts with notional amounts aggregating $3.5 million, whose aggregate fair value was a liability of approximately $40,616. The change in the fair value of these derivatives is reflected in other comprehensive income (loss) in the accompanying statements of comprehensive loss, net of tax where applicable. The contracts have maturities of less than one year and require the Company to exchange currencies at specified dates and rates. The Company considers the credit risk related to the contracts to be low because such instruments are entered into with financial institutions having high credit ratings and are generally settled on a net basis. There were no gains or losses recognized in operations due to hedge ineffectiveness during the two-year period ended September 30, 2013. | |||||||
Reclassification, Policy [Policy Text Block] | ' | ||||||
Reclassifications | |||||||
Certain prior year amounts have been reclassified to conform to current year presentation. |
Income_Taxes_Income_Taxes_Tabl
Income Taxes Income Taxes (Tables) | 12 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Income Taxes [Abstract] | ' | ||||||||||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||||||||
Unrecognized tax benefits activity for the years ended September 30, 2013 and 2012 is summarized below: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Beginning balance | $ | 502,000 | $ | 478,000 | |||||||||||
Additions (reductions) based on tax | |||||||||||||||
positions related to prior years | (457,000 | ) | 24,000 | ||||||||||||
Additions (reductions) based on tax | |||||||||||||||
positions related to the current year | — | — | |||||||||||||
Ending balance | $ | 45,000 | $ | 502,000 | |||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||||
The components of income tax expense (benefit) for the fiscal years indicated are as follows: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Current: | |||||||||||||||
Federal | $ | (575,000 | ) | $ | — | ||||||||||
State | — | — | |||||||||||||
Foreign | 32,000 | 57,000 | |||||||||||||
(543,000 | ) | 57,000 | |||||||||||||
Deferred: | |||||||||||||||
Federal | — | — | |||||||||||||
State | — | — | |||||||||||||
Foreign | — | — | |||||||||||||
— | — | ||||||||||||||
Total | $ | (543,000 | ) | $ | 57,000 | ||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||||
A reconciliation of the U.S statutory tax rate to the Company’s effective tax rate follows: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||
U.S. statutory tax | $ | (178,000 | ) | (34.0 | )% | $ | (450,000 | ) | (34.0 | )% | |||||
Change in uncertain tax positions | (575,000 | ) | (109.7 | ) | — | — | |||||||||
Increase (decrease) in valuation allowance | (257,000 | ) | (49.0 | ) | 432,000 | 32.6 | |||||||||
Foreign tax rate differences | 178,000 | 33.9 | 62,000 | 4.7 | |||||||||||
Prior year foreign tax adjustment | 164,000 | 31.3 | — | — | |||||||||||
Permanent differences | 88,000 | 16.8 | 84,000 | 6.3 | |||||||||||
State tax, net of federal benefit | 27,000 | 5.1 | (16,000 | ) | (1.2 | ) | |||||||||
Other, net | 10,000 | 2 | (55,000 | ) | (4.2 | ) | |||||||||
Effective tax rate | $ | (543,000 | ) | (103.6 | )% | $ | 57,000 | 4.3 | % | ||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||||
The tax effects of temporary differences that give rise to deferred tax assets and liabilities at September 30, 2013 and 2012 are presented below: | |||||||||||||||
2013 | 2012 | ||||||||||||||
Deferred tax assets: | |||||||||||||||
Inventories | $ | 900,000 | $ | 868,000 | |||||||||||
Accrued compensation | 459,000 | 450,000 | |||||||||||||
Warranty accrual | 139,000 | 148,000 | |||||||||||||
Depreciation | 75,000 | 507,000 | |||||||||||||
Allowance for doubtful accounts receivable | 335,000 | 341,000 | |||||||||||||
Unearned revenue | 202,000 | 224,000 | |||||||||||||
U.S. net operating loss carryforwards | 2,117,000 | 2,072,000 | |||||||||||||
Foreign net operating loss carryforwards | 986,000 | 915,000 | |||||||||||||
Tax credits | 398,000 | 366,000 | |||||||||||||
Other | 299,000 | 286,000 | |||||||||||||
Gross deferred tax assets | 5,910,000 | 6,177,000 | |||||||||||||
Deferred tax liabilities: | |||||||||||||||
Other | 38,000 | 48,000 | |||||||||||||
Gross deferred tax liabilities | 38,000 | 48,000 | |||||||||||||
Total deferred tax assets and liabilities | 5,872,000 | 6,129,000 | |||||||||||||
Less valuation allowance | (5,872,000 | ) | (6,129,000 | ) | |||||||||||
Net deferred tax assets and liabilities | $ | — | $ | — | |||||||||||
Comprehensive_Loss_Tables
Comprehensive Loss (Tables) | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Accumulated Other Comprehensive Loss [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||
The accumulated other comprehensive loss balances at September 30, 2013 and 2012 consisted of the following: | |||||||||
2013 | 2012 | ||||||||
Foreign currency translation adjustment | $ | (129,384 | ) | $ | (135,219 | ) | |||
Unrealized loss on derivatives | — | (40,616 | ) | ||||||
Unrealized gain (loss) on marketable securities | (4,870 | ) | 6,001 | ||||||
Accumulated other comprehensive loss | $ | (134,254 | ) | $ | (169,834 | ) |
Segment_and_Geographic_Informa1
Segment and Geographic Information Segment and Geographic Information (Tables) | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Segment Information [Abstract] | ' | ||||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | ||||||||
Net sales and long-lived assets related to operations in the United States and other foreign countries for the fiscal years ended September 30, 2013 and 2012 are as follows: | |||||||||
2013 | 2012 | ||||||||
Net sales | |||||||||
U.S. | $ | 29,687,567 | $ | 38,438,064 | |||||
Foreign | 10,158,516 | 11,214,302 | |||||||
Total | $ | 39,846,083 | $ | 49,652,366 | |||||
Long-lived assets | |||||||||
U.S. | $ | 3,999,676 | $ | 3,050,983 | |||||
Foreign | 989,997 | 991,192 | |||||||
Total | $ | 4,989,673 | $ | 4,042,175 | |||||
Stock_Option_Plans_Stock_Optio
Stock Option Plans Stock Option Plans (Tables) | 12 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Stock Option Plan [Abstract] | ' | |||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||
Changes in outstanding stock options for the two years ended September 30, 2013 are as follows: | ||||||||||
Number | Weighted | Weighted | Aggregate | |||||||
of Options | Average | Average | Intrinsic | |||||||
Exercise | Remaining | Value | ||||||||
Price | Contractual | |||||||||
Term | ||||||||||
(in years) | ||||||||||
Outstanding at September 30, 2011 | 507,051 | $4.45 | ||||||||
Options granted | 78,000 | $3.19 | ||||||||
Options exercised | — | $— | ||||||||
Options forfeited | (104,051 | ) | $4.18 | |||||||
Outstanding at September 30, 2012 | 481,000 | $4.32 | ||||||||
Options granted | 26,000 | $2.62 | ||||||||
Options exercised | — | — | ||||||||
Options forfeited | (77,500 | ) | $3.81 | |||||||
Outstanding at September 30, 2013 | 429,500 | $4.31 | 6.1 | — | ||||||
Exercisable at September 30, 2013 | 281,112 | $4.57 | 5.4 | — | ||||||
Earnings_Loss_per_Share_Loss_P
Earnings (Loss) per Share Loss Per Share (Tables) | 12 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
The following table provides the components of the basic and diluted earnings (loss) per share (EPS) computations: | |||||||||
2013 | 2012 | ||||||||
Basic EPS Computation | |||||||||
Net income (loss) | $ | 18,648 | $ | (1,380,345 | ) | ||||
Weighted average shares outstanding | 4,495,539 | 4,481,239 | |||||||
Basic earnings (loss) per share | $ | — | $ | (.31 | ) | ||||
Diluted EPS Computation | |||||||||
Net income (loss) | $ | 18,648 | $ | (1,380,345 | ) | ||||
Weighted average shares outstanding | 4,495,539 | 4,481,239 | |||||||
Stock options | — | — | |||||||
Stock compensation arrangements | 10,663 | — | |||||||
Diluted shares outstanding | 4,506,202 | 4,481,239 | |||||||
Diluted earnings (loss) per share | $ | — | $ | (.31 | ) | ||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Product Warranty Accrual | $411,000 | $438,000 |
Foreign Currency Derivatives at Fair Value, Net | 0 | -40,616 |
Notional Amount of Foreign Currency Derivatives | ' | 3,500,000 |
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -129,384 | -135,219 |
Research and Development Expense | 4,189,250 | 5,207,997 |
Available-for-sale Securities, Gross Unrealized Gains | -4,870 | 6,001 |
Available-for-sale Securities, Amortized Cost Basis | 120,303 | 399,168 |
Available-for-sale Securities, Debt Securities | 115,433 | ' |
Share-based Compensation | $241,100 | $297,718 |
Share Based Compensation per share | $0.05 | $0.07 |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 1.10% | 1.70% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | 0.00% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 61.10% | 59.90% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Simplified Method | '7.5 years | '7.5 years |
Minimum [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Property, Plant and Equipment, Useful Life | ' | '2 years |
Maximum [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Property, Plant and Equipment, Useful Life | ' | '10 years |
Building [Member] | Minimum [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Property, Plant and Equipment, Useful Life | ' | '25 years |
Building [Member] | Maximum [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Property, Plant and Equipment, Useful Life | ' | '40 years |
Income_Tax_Expense_Details
Income Tax Expense (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Income Tax expense [Abstract] | ' | ' |
Current Federal Tax Expense (Benefit) | ($575,000) | $0 |
State | 0 | 0 |
Foreign | 32,000 | 57,000 |
Current Total | -543,000 | 57,000 |
Deferred: | ' | ' |
Federal | 0 | 0 |
State | 0 | 0 |
Foreign | 0 | 0 |
Deferred Total | 0 | 0 |
Income Tax Expense (Benefit) | ($543,000) | $57,000 |
Effective_Tax_Rate_Details
Effective Tax Rate (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Rate | Rate | |
Effective Tax Rate [Abstract] | ' | ' |
Income Tax Reconciliation, Income Tax Expense (Benefit), at Federal Statutory Income Tax Rate | ($178,000) | ($450,000) |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate | -34.00% | -34.00% |
Income Tax Reconciliation, Tax Contingencies | -575,000 | 0 |
Effective Income Tax Rate Reconciliation, Tax Contingencies | -109.70% | 0.00% |
Income Tax Reconciliation, Change in Deferred Tax Assets Valuation Allowance | -257,000 | 432,000 |
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance | -49.00% | 32.60% |
Income Tax Reconciliation, Foreign Income Tax Rate Differential | 178,000 | 62,000 |
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential | 33.90% | 4.70% |
Income Tax Reconciliation, Prior Year Income Taxes | 164,000 | 0 |
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes | 31.30% | 0.00% |
Income Tax Reconciliation, Nondeductible Expense | 88,000 | 84,000 |
Effective Income Tax Rate Reconciliation, Nondeductible Expense | 16.80% | 6.30% |
Income Tax Reconciliation, State and Local Income Taxes | 27,000 | -16,000 |
Effective Income Tax Rate Reconciliation, State and Local Income Taxes | 5.10% | -1.20% |
Income Tax Reconciliation, Other Adjustments | 10,000 | -55,000 |
Effective Income Tax Rate Reconciliation, Other Adjustments | 2.00% | -4.20% |
Income Tax Expense (Benefit) | ($543,000) | $57,000 |
Effective Income Tax Rate, Continuing Operations | -103.60% | 4.30% |
Deferred_Tax_Assets_and_Liabil
Deferred Tax Assets and Liabilities (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Deferred Tax Assets and Liabilities [Abstract] | ' | ' |
Deferred Tax Assets, Inventory | $900,000 | $868,000 |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | 459,000 | 450,000 |
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Warranty Reserves | 139,000 | 148,000 |
Deferred Tax Assets, Property, Plant and Equipment | 75,000 | 507,000 |
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts | 335,000 | 341,000 |
Deferred Tax Assets, Deferred Income | 202,000 | 224,000 |
Deferred Tax Assets, Operating Loss Carryforwards, Domestic | 2,117,000 | 2,072,000 |
Deferred Tax Assets, Operating Loss Carryforwards, Foreign | 986,000 | 915,000 |
Deferred Tax Assets, Tax Credit Carryforwards | 398,000 | 366,000 |
Deferred Tax Assets, Other | 299,000 | 286,000 |
Deferred Tax Assets, Gross | 5,910,000 | 6,177,000 |
Deferred Tax Liabilities, Other | 38,000 | 48,000 |
Deferred Tax Liabilities, Gross | 38,000 | 48,000 |
Deferred tax assets net of liabilities before valuation allowance | 5,872,000 | 6,129,000 |
Deferred Tax Assets, Valuation Allowance | -5,872,000 | -6,129,000 |
Deferred Tax Assets, Net | $0 | $0 |
Unrecognized_Tax_Benefits_Deta
Unrecognized Tax Benefits (Details) (USD $) | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Unrecognized Tax Benefits [Abstract] | ' | ' | ' |
Unrecognized Tax Benefits | $45,000 | $502,000 | $478,000 |
Unrecognized Tax Benefits, Increases Resulting from Prior Period Tax Positions | -457,000 | 24,000 | ' |
Unrecognized Tax Benefits, Increases Resulting from Current Period Tax Positions | $0 | $0 | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Income Taxes [Abstract] | ' | ' |
Undistributed Earnings of Foreign Subsidiaries | $2,600,000 | ' |
Income Taxes Receivable, Current | 0 | 92,811 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 651,000 | -797,000 |
Income (Loss) from Continuing Operations before Income Taxes, Foreign | -1,175,000 | -526,000 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 0 | 0 |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 5,800,000 | ' |
Operating loss carryforward, foreign | $3,800,000 | ' |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss Comprehensive Loss (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Loss [Abstract] | ' | ' |
Foreign currency translation adjustment | ($129,384) | ($135,219) |
Unrealized gain (loss) on derivatives | 0 | -40,616 |
Unrealized gain on marketable securities | -4,870 | 6,001 |
Accumulated other comprehensive loss | ($134,254) | ($169,834) |
Segment_and_Geographic_Informa2
Segment and Geographic Information Segment and Geographic Information (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Segment Reporting Information [Line Items] | ' | ' |
Disclosure on geographic areas, revenues from foreign external customers attributed to entity's country of domicile | $4,202,069 | $6,755,466 |
U.S. | 29,687,567 | 38,438,064 |
Foreign | 10,158,516 | 11,214,302 |
Total | 39,846,083 | 49,652,366 |
U.S. | 3,999,676 | 3,050,983 |
Foreign | 989,997 | 991,192 |
Total | $4,989,673 | $4,042,175 |
Stock_Option_Plans_Stock_Optio1
Stock Option Plans Stock Options Plans (Details) (USD $) | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Outstanding at September 30, 2009 | 429,500 | 481,000 | 507,051 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price | $4.31 | $4.32 | $4.45 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term | '6 years 1 month 6 days | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $0 | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | '5 years 4 months 28 days | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options | 484,608 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 55,108 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 26,000 | 78,000 | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $2.62 | $3.19 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | 0 | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $0 | $0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | -77,500 | -104,051 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $3.81 | $4.18 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | 281,112 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $4.57 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | 0 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $1.61 | $2.03 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $0 | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | '1 year 4 months 24 days | ' | ' |
Earnings_Loss_per_Share_Loss_P1
Earnings (Loss) per Share Loss Per Share (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | 11,163 |
Net Income (Loss) Attributable to Parent | $18,648 | ($1,380,345) |
Weighted Average Number of Shares Outstanding, Basic | 4,495,539 | 4,481,239 |
Incremental Common Shares Attributable to Call Options and Warrants | 0 | 0 |
Incremental Common Shares Attributable to Share-based Payment Arrangements | 10,663 | 0 |
Weighted Average Number of Shares Outstanding, Diluted | 4,506,202 | 4,481,239 |
Earnings Per Share, Basic | $0 | ($0.31) |
Earnings Per Share, Diluted | $0 | ($0.31) |
Commitments_and_Contingencies_
Commitments and Contingencies Commitments and Contingencies (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Unrecorded Unconditional Purchase Obligation [Line Items] | ' | ' |
Operating Leases, Future Minimum Payments Due | $920,000 | ' |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | 454,000 | ' |
Operating Leases, Future Minimum Payments, Due in Two Years | 350,000 | ' |
Operating Leases, Future Minimum Payments, Due in Three Years | 116,000 | ' |
Business Acquisition, Contingent Consideration, Potential Cash Payment | 1,600,000 | ' |
Postemployment Benefits Liability, Noncurrent | 1,100,000 | ' |
Deferred Compensation Arrangement with Individual, Compensation Expense | 81,000 | 109,000 |
Deferred Compensation Arrangement with Individual, Shares Authorized for Issuance | 16,320 | ' |
Fair value of deferred compensation shares held in treasury until retirement or involuntary separation | $63,000 | ' |
Headquarters_Facility_Sale_and1
Headquarters Facility Sale and Purchase Headquarters Facility Sale and Purchase (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Litigation [Abstract] | ' | ' |
Payments to Acquire Buildings | $3,300,000 | $0 |
Proceeds from Sale of Buildings | 6,350,000 | ' |
Gain (Loss) on Sale of Property Plant Equipment | $3,497,789 | $0 |
Related_Party_Transactions_Rel
Related Party Transactions Related Party Transactions (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Related Party Transaction [Line Items] | ' | ' |
Related Party Transaction, Purchases from Related Party | $2,400,000 | $1,900,000 |
Revenue from Related Parties | 12,000 | 15,000 |
Due to Related Parties, Current | 63,000 | 146,000 |
Due from Related Parties, Current | $3,000 | $6,000 |