Crawford United (CRAWA) 10-K/A11 Jan 172016 FY Annual report (amended)Financial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Sep. 30, 2016	Dec. 29, 2016	Mar. 31, 2016
Document Information [Line Items]
Entity Registrant Name	HICKOK INC
Entity Central Index Key	47,307
Trading Symbol	hicka
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Public Float			$ 928,102
Document Type	10-K/A
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	true
Amendment Description	Amendment No. 1
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		2,074,599
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		778,616

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($)	Sep. 30, 2016	Sep. 30, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 3,060,734	$ 346,405
Accounts receivable-less allowance for doubtful accounts of $10,000 ($10,000, 2015)	1,354,199	1,101,554
Inventories-less allowance for obsolete inventory of $235,592 ($251,500, 2015)	3,308,799	1,926,513
Prepaid expenses	43,085	112,019
Total Current Assets	7,766,817	3,486,491
PROPERTY, PLANT AND EQUIPMENT:
Land	233,479	233,479
Buildings	1,448,978	1,440,138
Machinery and equipment	3,392,734	2,348,554
	5,075,191	4,022,171
Less accumulated depreciation	3,771,268	3,646,937
	1,303,923	375,234
OTHER ASSETS:
Goodwill	1,777,656
Deferred income taxes-less valuation allowance of $500,000 ($4,248,900, 2015)	3,330,600
Notes receivable-long-term	4,100	4,100
Deposits	750	750
	6,364,015	4,850
Total Assets	15,434,755	3,866,575
CURRENT LIABILITIES:
Short-term financing - related party	250,000
Notes payable, related parties, current	379,761
Leases payable	59,369
Accounts payable	733,388	297,761
Accrued payroll and related expenses	301,054	167,770
Accrued expenses	528,996	183,390
Accrued taxes other than income	64,382	40,764
Accrued income taxes	31,000
Total Current Liabilities	2,347,950	689,685
LONG-TERM LIABILITIES:
Notes payable - related party	4,388,901
Leases payable	144,997
Convertible notes payable - related party	200,000	200,000
Accrued expenses		339,700
Total Long-term Liabilities	4,733,898	539,700
STOCKHOLDERS' EQUITY:
Preferred 1,000,000 shares authorized, no shares outstanding
Contributed capital	1,741,901	1,741,901
Treasury shares - 15,795 (2016 and 2015) Class A shares and 667 (2016 and 2014) Class B shares	(253,341)	(253,341)
Retained earnings(deficit)	4,045,424	(587,424)
Total Stockholders' Equity	8,352,907	2,637,190
Total Liabilities and Stockholders' Equity	15,434,755	3,866,575
Common Class A [Member]
STOCKHOLDERS' EQUITY:
Class A 10,000,000 shares authorized, 2,090,394 shares issued (1,179,144 shares 2015)	2,108,651	1,261,188
Common Class B [Member]
STOCKHOLDERS' EQUITY:
Class A 10,000,000 shares authorized, 2,090,394 shares issued (1,179,144 shares 2015)	710,272	474,866
Customer Lists [Member]
OTHER ASSETS:
Customer list-less accumulated amortization of $29,091	$ 1,250,909

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parentheticals) - USD ($) $ / shares in Thousands	Sep. 30, 2016	Sep. 30, 2015
Allowance for doubtful accounts	$ 10,000	$ 10,000
Allowance for obsolete inventory	235,592	251,500
Deferred income taxes-valuation	$ 500,000	$ 4,248,900
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common Class A [Member]
Class of common stock, par value (in dollars per share)	$ 0	$ 0
Class of common stock, shares authorized (in shares)	10,000,000	10,000,000
Class of common stock, shares issued (in shares)	2,090,394	1,179,144
Treasury shares (in shares)	15,795	15,795
Common Class B [Member]
Class of common stock, par value (in dollars per share)	$ 0	$ 0
Class of common stock, shares authorized (in shares)	2,500,000	2,500,000
Class of common stock, shares issued (in shares)	779,283	475,533
Treasury shares (in shares)	667	667
Customer Lists [Member]
Accumulated amortization	$ 29,091

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($)	12 Months Ended
Consolidated Statement of Income - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
NET SALES:
Product sales	$ 6,417,760	$ 5,608,218	$ 6,078,349
Service sales	228,020	244,706	227,487
Total Net Sales	6,645,780	5,852,924	6,305,836
COSTS AND EXPENSES:
Cost of product sold	4,181,341	3,017,837	3,462,092
Cost of services sold	153,474	150,466	149,068
Product development	1,050,157	1,015,414	965,975
Marketing and administrative expenses	2,145,937	1,798,960	1,728,107
Interest charges	59,386	657	6,592
Legal settlement	(2,270,567)
Other income	(7,196)	(8,033)	(14,374)
Total Costs and Expenses	5,312,532	5,975,301	6,297,460
Income (Loss) before Provision for (Recovery of) Income Taxes	1,333,248	(122,377)	8,376
Provision For Income Taxes:
Current	31,000	(82,200)	(44,400)
Deferred	(3,330,600)	82,200	44,400
	(3,299,600)
Net Income (Loss)	$ 4,632,848	$ (122,377)	$ 8,376
NET Income (LOSS) PER COMMON SHARE - BASIC (in dollars per share)	$ 2.38	$ (0.07)	$ 0.01
NET Income (LOSS) PER COMMON SHARE - DILUTED (in dollars per share)	$ 2.38	$ (0.07)	$ 0.01
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING (in shares)	1,943,625	1,638,215	1,638,215

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Retained Earnings [Member]	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Total
Balance at Sep. 30, 2013	$ (473,423)	$ 1,261,188	$ 474,866	$ 1,738,521	$ (253,341)	$ 2,747,811
Share-based compensation expense				2,837		2,837
Net Income (Loss)	8,376					8,376
Balance at Sep. 30, 2014	(465,047)	1,261,188	474,866	1,741,358	(253,341)	2,759,024
Share-based compensation expense				543		543
Net Income (Loss)	(122,377)					(122,377)
Balance at Sep. 30, 2015	(587,424)	1,261,188	474,866	1,741,901	(253,341)	2,637,190
Net Income (Loss)	4,632,848					4,632,848
Balance at Sep. 30, 2016	4,045,424	2,108,651	710,272	1,741,901	(253,341)	8,352,907
Purchase of business partially financed by issuance of Class A and Class B Shares		$ 847,463	$ 235,406			$ 1,082,869

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - USD ($)	12 Months Ended
Consolidated Statement of Cash Flow - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from customers	$ 6,393,135	$ 5,923,638	$ 5,771,884
Cash paid to suppliers and employees	(3,868,252)	(5,902,702)	(6,373,180)
Interest paid	(11,830)	(1,858)	(6,174)
Interest received	833	894	659
Net Cash Provided by (Used in) Operating Activities	2,513,886	19,972	(606,811)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(36,209)	(64,894)	(141,714)
Decrease in deposits		1,000
Net Cash (Used in) Investing Activities	(36,209)	(63,894)	(141,714)
CASH FLOWS FROM FINANCING ACTIVITIES:
Short-term borrowings	250,000		683,400
Payments on short-term borrowings			(683,400)
Proceeds from Convertible Notes Payable			200,000
Payments on lease payable borrowings	(43,445)
Cash acquired in purchase of business	30,097
Net Cash Provided by Financing Activities	236,652		200,000
Increase (Decrease) in Cash and Cash Equivalents	2,714,329	(43,922)	(548,525)
Cash and Cash Equivalents at Beginning of Year	346,405	390,327	938,852
Cash and Cash Equivalents at End of Year	3,060,734	346,405	390,327
RECONCILIATION OF NET INCOME (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Net Income (Loss)	4,632,848	(122,377)	8,376
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Depreciation and amortization	133,422	68,686	62,195
Share-based compensation expense		543	2,837
Deferred income taxes	(3,330,600)	82,200	44,400
CHANGES IN ASSETS AND LIABILITIES:
Decrease (Increase) in accounts receivable	582,075	70,714	(533,952)
Decrease (Increase) in inventories	373,593	(212,316)	(124,381)
Decrease (Increase) in prepaid expenses	78,843	(74,030)	(5,647)
Increase (Decrease) in accounts payable	(39,886)	152,204	(28,679)
Increase (Decrease) in accrued payroll and related expenses	118,792	35,051	(9,800)
Increase (Decrease) in other accrued expenses and accrued taxes other than income and long-term liabilities	(86,201)	101,497	22,240
Increase (Decrease) in accrued income taxes	31,000
Total Adjustments	(2,118,962)	142,349	(615,187)
Net Cash Provided by (Used in) Operating Activities	2,513,886	19,972	(606,811)
Supplemental Schedule of Non-Cash Financing Activities:
Assets acquired by capital lease	247,811
Federal Hose [Member]
Supplemental Schedule of Non-Cash Financing Activities:
	5,821,434
Accounts receivable - trade	(834,720)
Inventory	(1,755,879)
Prepaid expenses	(9,909)
Fixed assets	(769,000)
Customer List	(1,280,000)
Goodwill	(1,777,656)
Accounts payable	475,513
Accrued payroll related	14,492
Accrued expenses	115,725
	5,821,434
Federal Hose [Member] \| Common Class A [Member]
Supplemental Schedule of Non-Cash Financing Activities:
Issuance of common stock	847,463
Federal Hose [Member] \| Common Class B [Member]
Supplemental Schedule of Non-Cash Financing Activities:
Issuance of common stock	235,406
First Francis [Member] \| Federal Hose [Member]
Supplemental Schedule of Non-Cash Financing Activities:
Additional borrowings on long-term debt net of cash	$ 4,738,565

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
Note 1 - Nature of Operations	Sep. 30, 2016
Notes to Financial Statements
Nature of Operations [Text Block]	1. NATURE OF OPERATIONS Hickok Incorporated and its wholly - owned domestic subsidiaries ("Company") develop and manufacture products used by companies in the transportation and emissions testing industries. Among the products are indicators and gauges sold to companies in aircraft and locomotive markets. On a larger scale, the Company manufactures diagnostic equipment used by technicians to test the various electronic systems in automobiles and trucks, and emissions testing equipment specified by various states for testing vehicle emissions. In addition, the Company is a manufacturer of flexible interlocking metal hose and a distributor of silicone hose with the recent addition of Federal Hose Manufacturing LLC (“Federal Hose”). The Company serves the automotive, trucking, locomotive and general aviation markets predominately in North America. Sales in the Company's principal product classes, as a percent of consolidated sales, are as follows: Product Classes 2016 2015 2014 Automotive Test Equipment 55.5 % 77.8 % 76.3 % Indicating Instruments 18.0 22.2 23.7 Flexible Hose 26.5 - - Total 100.0 % 100.0 % 100.0 % Current operating properties consist of manufacturing plants in Greenwood, Mississippi and Painesville, Ohio, and a corporate headquarters, marketing and product development facility in Cleveland, Ohio.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
Note 2 - Summary of Significant Accounting Policies	Sep. 30, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of Hickok Incorporated and its wholly - owned domestic subsidiaries. Significant intercompany transactions and balances have been eliminated in the financial statements. New Accounting Standards The Company did not incur any material impact to its financial condition or results of operations due to the adoption of any new accounting standards during the periods reported. In March 2016, 2016 09) October 1, 2017, In February 2016, 2016 02) October 1, 2019, May 2014, 2014 09, December 15, 2017, In June 2016, 2016 13, December 31, 2019. Concentration of Credit Risk The Company sells its products and services primarily to customers in the United States of America and to a lesser extent overseas. All sales are made in United States of America dollars. The Company extends normal credit terms to its customers. Customers in the automotive industry comprise 17 % of outstanding receivables at September 30, 2016 (80% 2015). one $1,306,000 (2016), $2,158,000 (2015), $2,768,000 (2014), $52,000 (2016) $741,000 (2015). Use of Estimates in the Prepa ration of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that may Fair Value of Financial Instruments Accounting for "Financial Instruments" requires the Company to disclose estimated fair values of financial instruments. Financial instruments held by the Company include, among others, accounts receivable, accounts payable, and convertible notes payable. The carrying amounts reported in the consolidated balance sheet for assets and liabilities qualifying as financial instruments is a reasonable estimate of fair value. Revenue Recognition The Company records sales as manufactured items are shipped to customers on an FOB shipping point arrangement, at which time title passes and the earnings process is complete. The Company primarily records service sales as the items are repaired. The customer does not have a right to return merchandise unless defective or warranty related and there are no formal customer acceptance provisions. Sales returns and allowances were immaterial during each of the three September 30, 2016. Product Warranties The Company warrants certain products against defects for primarily 12 three September 30, 2016. Product Development Costs Product development costs, which include engineering production support, are expensed as incurred. Research and development performed for customers represents no more than 1% Cash and Cash Equivalents For purposes of the Statement of Cash Flows, the Company considers all highly liquid debt instruments purchased with a maturity of three September 30, 2016 2015 $3,060,734 $346,405, Accounts Receivable The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information. Inventory Inventory is valued at the lower of cost (first first 2016 2015 Raw materials and component parts $ 1,730,563 $ 1,254,294 Work-in-process 438,447 499,752 Finished products 1,139,789 172,467 $ 3,308,799 $ 1,926,513 The reserve for inventory obsolescence was $235,592 and $251,500 September 30, 2016 2015, Property, Plant and Equipment Property, plant and equipment are carried at cost. Maintenance and repair costs are expensed as incurred. Additions and betterments are capitalized. The depreciation policy of the Company is generally as follows: Class Method Estimated Useful Lives (in years) Buildings Straight-line 10 to 40 Machinery and equipment Straight-line 3 to 10 Tools and dies Straight-line 3 $133,422 (2016), $68,686 (2015), $62,195 (2014). Intangible Assets Intangible assets relate to the purchase of Federal Hose Manufacturing LLC on July 1, 2016. 11 years. Amortization of other intangibles was $20,000 (2016), $0 (2015) $0 (2014). Valuation of Long - Lived Assets Long - lived assets such as property, plant and equipment and software are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may Shipping and Handling Costs Shipping and handling costs are classified as cost of product sold. Advertising Costs Advertising costs are expensed as incurred and amounted to $22,979 (2016), $22,764 (2015) $9,017 (2014). Income Taxes The provision for income taxes is computed on domestic financial statement income. Where transactions are included in the determination of taxable income in a different year, deferred income tax accounting is used (Note 10). During the year, the Company adopted the provisions of FASB ASU 2015 17, Balance Sheet Classification of Deferred Taxes The provision for income taxes is determined using the asset and liability approach of accounting for income taxes. Under this approach, deferred taxes represent the future tax consequences expected to occur when the reported amounts of assets and liabilities are recovered or paid. The provision for income taxes represents income taxes paid or payable for the current year plus any change in deferred taxes during the year. Deferred taxes result from differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements and are adjusted for changes in tax rates and tax laws when changes are enacted. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. Income per Common Share Income per common share information is computed on the weighted average number of shares outstanding during each period as disclosed in Note 11.

Note 3 - Notes Receivable

Note 3 - Notes Receivable	12 Months Ended
Note 3 - Notes Receivable	Sep. 30, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. NOTES RECEIVABLE Notes receivable consists of an unsecured note receivable from a current Director which bears interest at 3%

Note 4 - Convertible Notes Paya

Note 4 - Convertible Notes Payable	12 Months Ended
Note 4 - Convertible Notes Payable	Sep. 30, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	4. CONVERTIBLE NOTES PAYABLE December 30, 2011, $467,000 $250,000 0.25%. There have been several amendments to the original agreement over the years for the purpose of extending the existing terms of the Convertible Loan. On December 20, 2016, 5 ? Continues to provide approximately $467,000 ? Continues to allow $250,000 0.34%; ? Extends the due date of the loan agreement from December 30, 2016 December 30, 2017. The outstanding balance on the Convertible Loan as of September 30, 2016, $200,000. As part of the Convertible Loan Agreement between the Company and Roundball, the parties entered into a Warrant Agreement, dated December 30, 2012, 100,000 $2.50 December 30, 2015. 1 December 30, 2015 December 30, 2016. 2 December 30, 2016 December 30, 2017. The Company used the Black - Scholes option pricing model to determine the fair value estimate for recognizing the cost of services received in exchange for an award of equity instruments. The Black - Scholes option pricing model requires the use of subjective assumptions which can materially affect the fair value estimates. The warrants are immediately exercisable and expire in December 2017. one September 30, 2013: 0.42%; 3 0.0%; .84. $691 for fiscal 2016, $644 2015, $228 2014. September 30, 2016, September 30, 2015, $691 and $1,176

Note 5 - Short - Term Financing

Note 5 - Short - Term Financing	12 Months Ended
Note 5 - Short - Term Financing	Sep. 30, 2016
Notes to Financial Statements
Short-term Debt [Text Block]	5. June 3, 2016, July 1, 2016 $250,000 4.0% eighty $250,000. May 31, 2017. $2,889 2016. $2,889 September 30, 2016. $250,000 September 30, 2016. October 11, 2016, $250,000 2016 2015 Amount Weighted Average Interest Rate Balance at September 30, 2016 $ 250,000 4.00 % Average during 2016 $ 83,333 4.00 % Maximum during 2016 (month end) $ 250,000 4.00 % Balance at September 30, 2015 $ - .00 % Average during 2015 $ - .00 % Maximum during 2015 (month end) $ - .00 %

Note 6 - Notes Payable - Relate

Note 6 - Notes Payable - Related Parties	12 Months Ended
Note 6 - Notes Payable - Related Parties	Sep. 30, 2016
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	6. NOTES PAYABLE - RELATED PARTIES Notes payable - related parties is a result of the acquisition of Federal Hose Manufacturing LLC (see footnote 16 ) and consists of the following: Current 2016 Total 2016 Total 2015 In connection with the acquisition of Federal Hose Manufacturing LLC, the Company entered into a promissory note on July 1, 2016 for $2,000,000 loan due to First Francis Company, payable in quarterly installments of $60,911 beginning on October 31, 2016, bearing interest at 4%. The remaining balance of the note shall be payable in full on July 1, 2022. Collateralized by all of the assets of the Company. $ 159,274 $ 2,000,000 $ - In connection with the acquisition of Federal Hose Manufacturing LLC, the Company entered into a promissory note on July 1, 2016 for $2,768,662 loan due to First Francis Company, payable in quarterly installments of $84,321 beginning on October 31, 2016, bearing interest at 4%. The remaining balance of the note shall be payable in full on July 1, 2022. Collateralized by all of the assets of the Company. 220,487 2,768,662 - $ 379,761 4,768,662 - Less current portion 379,761 - $ 4,388,901 $ - Total Payments Year Ending, September 30: 2017 $ 379,761 2018 411,495 2019 428,203 2020 445,590 2021 463,683 Thereafter 2,639,930 $ 4,768,662

Note 7 - Leases

Note 7 - Leases	12 Months Ended
Note 7 - Leases	Sep. 30, 2016
Notes to Financial Statements
Capital Leases in Financial Statements of Lessee Disclosure [Text Block]	7. LEASES Operating The Company leases a facility from a related party and certain equipment under operating leases expiring through June 30, 2026. Facility Equipment 2017 $ 180,000 $ 8,938 2018 180,000 7,443 2019 180,000 - 2020 180,000 - 2021 180,000 - Total $ 900,000 $ 16,381 Rental expense was $57,767 (2016), $11,382 (2015) $10,521 (2014). Capital Current Total September 30, 2016 Total September 30, 2015 Capital lease obligation on MIS computer equipment and software, payable in monthly installments of $2,059 including interest at approximately 1.04% per annum through December, 2017. $ 24,710 $ 28,828 $ - Capital lease obligation on IT computer equipment and software, payable in monthly installments of $3,888 including interest at approximately 6.57% per annum, through February, 2021. 34,659 175,538 - $ 59,369 204,366 - Less current portion 59,369 - $ 144,997 $ - Capital Lease Obligations Year Ending Total Less Interest Present Obligation 2017 $ 70,082 $ 10,713 $ 59,369 2018 50,772 8,042 42,730 2019 46,654 5,383 41,271 2020 46,345 2,281 44,064 2021 17,141 209 16,932 $ 230,994 $ 26,628 $ 204,366 2016 2015 Cost $ 247,811 $ - Depreciation $ 27,673 - Net Book Value $ 220,138 $ - A facility held under a capital lease has a net book value of $0 September 30, 2016. 2061

Note 8 - Stock Options

Note 8 - Stock Options	12 Months Ended
Note 8 - Stock Options	Sep. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	8. STOCK OPTIONS The Company's 2013 2013 150,000 may 2013 September 30, 2016. 5,000 three 10 March 8, 2015. Non - cash compensation expense related to stock option plans for fiscal years ended September 30, 2016, 2015 2014 $0, $543 $2,837 Transactions involving the Directors Plans are summarized as follows: Weighted Average Exercise Weighted Average Exercise Weighted Average Exercise 2016 Price 2015 Price 2014 Price Option Shares Directors Plans: Outstanding October 1, 6,000 $ 3.440 22,000 $ 5.300 31,000 $ 5.570 Granted - - - - - - Canceled/expired (1,000 ) $ 2.925 (16,000 ) $ 6.000 (9,000 ) $ 6.230 Exercised - - - - - - Outstanding September 30, ($2.925 to $11.00 per share) 5,000 $ 3.540 6,000 $ 3.440 22,000 $ 5.300 Exercisable September 30, 5,000 $ 3.540 6,000 $ 3.440 20,000 $ 5.540 September 30, 2016. Directors Plans Outstanding Stock Options Weighted Average Exercise Price Weighted Average Remaining Life Number of Stock Options Exercisable Weighted Average Exercise Price Range of exercise prices: $ 2.925 4,000 $ 2.925 5.3 4,000 $ 2.925 $ 6.00 1,000 $ 6.000 3.5 1,000 $ 6.000 5,000 $ 3.540 5,000 $ 3.540 three three September 30, 2016 2015, $0 $543, $0 (2016).

Note 9 - Capital Stock, Treasur

Note 9 - Capital Stock, Treasury Stock, and Contributed Capital	12 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	9. CAPITAL STOCK, TREASURY STOCK, AND CONTRIBUTED CAPITAL There are 10,000,000 2,500,000 1,000,000 Unissued shares of Class A common stock (832,233 and 933,233 2016 2015, 4, 5 8). one three $.10

Note 10 - Income Taxes

Note 10 - Income Taxes	12 Months Ended
Note 10 - Income Taxes	Sep. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. INCOME TAXES A reconciliation of the provision (recovery) of income taxes to the statutory federal income tax rate is as follows: 2016 2015 2014 Income (Loss) Before Provision for (Recovery of) Income Taxes $ 1,333,248 $ (122,377 ) $ 8,376 Statutory rate 34 % 34 % 34 % 453,304 (41,608 ) 2,848 Permanent differences 1,000 900 1,200 Research and development and other credits - net (47,400 ) (48,500 ) (46,300 ) Valuation allowance (3,681,100 ) 82,200 44,400 Other (25,404 ) 7,008 (2,148 ) Total recovery of income taxes $ (3,299,600 ) $ - $ - Deferred tax assets (liabilities) consist of the following: 2016 2015 Inventories $ 302,600 $ 81,500 Bad debts 3,400 3,400 Accrued liabilities 77,700 70,600 Prepaid expense (8,900 ) (13,400 ) Depreciation and amortization 93,000 46,700 Research and development and other credit carryforwards 2,019,700 1,980,200 Net operating loss carryforward 1,303,000 1,914,300 Directors stock option plan 40,100 40,100 Acquisition costs - 125,500 3,830,600 4,248,900 Valuation allowance (500,000 ) (4,248,900 ) Total $ 3,330,600 $ - The Company did not incur any material impact to its financial condition or results of operations due to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Valuation Reserve The decrease in the current year valuation reserve of $3,748,900 $67,800 $3,681,000 $82,200 may Net Operating Loss Carryforwards: Tax Year Expires NOLS R& D & Other Credits 2018 $ - $ 44,980 2019 - 166,019 2020 - 195,753 2021 - 125,939 2022 - 48,573 2023 - 107,172 2024 - 156,392 2025 - 155,394 2026 - 139,885 2027 - 154,991 2028 - 152,732 2029 1,587,809 68,676 2030 942,727 31,081 2031 358,744 44,712 2032 622,879 59,085 2033 33,807 111,323 2034 186,708 73,198 2035 99,688 76,429 2036 - 107,315 $ 3,832,362 $ 2,019,649

Note 11 - Earnings Per Common S

Note 11 - Earnings Per Common Share	12 Months Ended
Note 11 - Earnings Per Common Share	Sep. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	11. EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted earnings per share. 2016 2015 2014 Basic Income (Loss) Per Share Income (Loss) available to common stockholders $ 4,632,848 $ (122,377 ) $ 8,376 Shares denominator 1,943,625 1,638,215 1,638,215 Per share amount $ 2.38 $ (.07 ) $ .01 Effect of Dilutive Securities Average shares outstanding 1,943,625 1,638,215 1,638,215 Options available under convertible note - - 31,097 1,943,625 1,638,215 1,669,312 Diluted Income (Loss) Per Share Income (Loss) available to common stockholders $ 4,632,848 $ (122,377 ) $ 8,376 Per share amount $ 2.38 $ (.07 ) $ .01 5,000 100,000 2016 $2.50 $6.00 6,000 200,000 2015 $2.50 $6.00 Options and warrants to purchase 22,000 200,000 2014 $2.50 $11.00

Note 12 - Employee Benefit Plan

Note 12 - Employee Benefit Plans	12 Months Ended
Note 12 - Employee Benefit Plans	Sep. 30, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	12. EMPLOYEE BENEFIT PLANS The Company has a 401(k) September 30, 2016, 2015 2014, $14,412 , $15,045 $16,979,

Note 13 - Segment and Related I

Note 13 - Segment and Related Information	12 Months Ended
Note 13 - Segment and Related Information	Sep. 30, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13. SEGMENT AND RELATED INFORMATION The Company's three three 1) 2) 3) Indicators and Gauges: This segment consists of products manufactured and sold primarily to companies in the aircraft and locomotive industry. Within the aircraft market, the primary customers are those companies that manufacture or service business and pleasure aircraft. Within the locomotive market, indicators and gauges are sold to both original equipment manufacturers and to operators of railroad equipment. Automotive Diagnostic Tools and Equipment: This segment consists primarily of products designed and manufactured to support the testing or servicing of automotive systems using electronic means to measure vehicle parameters. These products are sold to OEMs and to the aftermarket using several brand names and a variety of distribution methods. Included in this segment are products used for state required testing of vehicle emissions. Flexible Metal Hose and Silicone Hose: This segment consists primarily of products designed and manufactured or distributed primarily to the trucking industry. These products are sold to OEMs and to the aftermarket using a variety of distribution methods. Information by industry segment is set forth below: Years Ended September 30, 2016 2015 2014 Net Sales Indicators and Gauges $ 1,196,204 $ 1,298,901 $ 1,492,348 Automotive Diagnostic Tools and Equipment 3,688,574 4,554,023 4,813,488 Flexible Metal Hose and Silicone Hose 1,761,002 - - $ 6,645,780 $ 5,852,924 $ 6,305,836 Income (Loss) Before Provision for Income Taxes Indicators and Gauges $ 161,878 $ 260,296 $ 312,692 Automotive Diagnostic Tools and Equipment (18,857 ) 679,720 704,427 Flexible Metal Hose and Silicone Hose 166,075 - - General Corporate Expenses 1,024,152 (1,062,393 ) (1,008,743 ) $ 1,333,248 $ (122,377 ) $ 8,376 Asset Information Years Ended September 30, 2016 2015 Identifiable Assets Indicators and Gauges $ 754,149 $ 729,520 Automotive Diagnostic Tools and Equipment 1,418,345 2,292,737 Flexible Metal Hose and Silicone Hose 6,784,751 - Corporate 6,477,510 844,318 $ 15,434,755 $ 3,866,575 Geographical Information Included in the consolidated financial statements are the following amounts related to geographic locations: Years Ended September 30, 2016 2015 2014 Revenue: United States of America $ 6,492,423 $ 5,678,888 $ 6,149,883 Australia 60,412 20,043 64,744 Canada 59,653 75,612 58,983 England 25,789 21,822 6,938 Mexico 6,976 26,902 25,288 Taiwan and other 527 29,657 - $ 6,645,780 $ 5,852,924 $ 6,305,836 All export sales to Australia, Canada, England, Mexico, Taiwan and other foreign countries are made in United States of America Dollars.

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
Note 14 - Commitments and Contingencies	Sep. 30, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	14. Legal Matters: The Company is the plaintiff in a suit pursuing patent infringement against a competitor in the emissions market. In December 2016, 15,

Note 15 - Subsequent Events

Note 15 - Subsequent Events	12 Months Ended
Note 15 - Subsequent Events	Sep. 30, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	15. September 30, 2016 December 20, 2016, 5 ? Continues to provide approximately $467,000 ? Continues to allow $250,000 0.34%; ? Extends the due date of the loan agreement from December 30, 2016 December 30, 2017. On December 20, 2016, 2. December 30, 2016 December 30, 2017. In December 2016,

Note 16 - Acquisitions

Note 16 - Acquisitions	12 Months Ended
Note 16 - Acquisitions	Sep. 30, 2016
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	16. ACQUISITIONS The Company purchased Federal Hose Manufacturing LLC on July 1, 2016 $5,851,531 911,250 $847,463, 303,750 $235,406, $4,768,662. The purchase price has been allocated to the following accounts: Cash $ 30,097 Accounts Receivable - trade 834,720 Inventory 1,755,879 Prepaid Expenses 9,909 Fixed Assets 769,000 Customer List 1,280,000 Goodwill 1,777,656 Total Assets Acquired $ 6,457,261 Accounts Payable $ 475,513 Accrued Payroll 14,725 Accrued Expenses 115,725 Total Liabilities Assumed $ 605,730 Net Assets Acquired $ 5,851,531 Acquisition related costs were $211,951 2016, $71,939 2015, $150,921 2014. 6,

Note 17 - Quarterly Data (Unaud

Note 17 - Quarterly Data (Unaudited)	12 Months Ended
Note 17 - Quarterly Data (Unaudited)	Sep. 30, 2016
Notes to Financial Statements
Quarterly Financial Information [Text Block]	17. QUARTERLY DATA (UNAUDITED) First Second Third Fourth Net Sales 2016 $ 1,376,872 $ 1,046,624 $ 1,530,244 $ 2,692,040 2015 1,162,218 1,091,182 1,804,614 1,794,910 2014 1,050,242 1,116,467 2,130,412 2,008,715 Gross Profit 2016 636,351 352,080 760,814 561,720 2015 362,105 381,991 807,794 1,132,731 2014 360,838 428,031 1,124,914 780,893 Net Income (Loss) 2016 (47,189 ) (464,444 ) (8,095 ) 5,152,576 2015 (270,656 ) (276,663 ) 109,631 315,311 2014 (320,287 ) (297,655 ) 386,911 239,407 Net Income (Loss) per Common Share Basic 2016 (0.03 ) (0.28 ) (0.01 ) 2.70 2015 (0.17 ) (0.17 ) 0.07 0.19 2014 (0.20 ) (0.18 ) 0.24 0.15 Diluted 2016 (0.03 ) (0.28 ) (0.01 ) 2.70 2015 (0.17 ) (0.17 ) 0.07 0.19 2014 (0.20 ) (0.18 ) 0.23 0.14

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
Schedule II - Valuation and Qualifying Accounts	Sep. 30, 2016
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	HICKOK INCORPORATED Col. A Col. B Col. C Col. D Col. E Additions Balance at Charged to Charged to Balance Beginning Costs and Other at End Description of Period Expenses Accounts Deductions of Period Deducted from Asset Accounts: Year Ended September 30, 2014 Reserve for doubtful accounts $ 10,000 $ (4,446 ) (1) $ - (2) $ (4,446 ) (3) $ 10,000 Reserve for inventory obsolescence $ 793,000 $ (113,603 ) (5) $ - $ 315,897 (4) $ 363,500 Reserve for product warranty $ 89 $ 10,275 $ - $ 10,335 $ 9 Valuation allowance deferred taxes $ 4,122,300 $ 44,400 $ - $ - $ 4,166,700 Year Ended September 30, 2015 Reserve for doubtful accounts $ 10,000 $ (3,255 ) (1) $ - (2) $ (3,255 ) (3) $ 10,000 Reserve for inventory obsolescence $ 363,500 $ (47,045 ) (5) $ - $ 64,955 (4) $ 251,500 Reserve for product warranty $ 9 $ 12,555 $ - $ 12,564 $ - Valuation allowance deferred taxes $ 4,166,700 $ 82,200 $ - $ - $ 4,248,900 Year Ended September 30, 2016 Reserve for doubtful accounts $ 10,000 $ (1,784 ) (1) $ - (2) $ (1,784 ) (3) $ 10,000 Reserve for inventory obsolescence $ 251,500 $ 82,292 (5) $ - $ (98,200 ) (4) $ 235,592 Reserve for product warranty $ - $ 8,912 $ - $ 8,912 $ - Valuation allowance deferred taxes $ 4,248,900 $ (3,681,100 ) $ 67,800 (6) $ - $ 500,000 (1) (2) (3) (4) (5) (6)

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of Hickok Incorporated and its wholly - owned domestic subsidiaries. Significant intercompany transactions and balances have been eliminated in the financial statements.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards The Company did not incur any material impact to its financial condition or results of operations due to the adoption of any new accounting standards during the periods reported. In March 2016, 2016 09) October 1, 2017, In February 2016, 2016 02) October 1, 2019, May 2014, 2014 09, December 15, 2017, In June 2016, 2016 13, December 31, 2019.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk The Company sells its products and services primarily to customers in the United States of America and to a lesser extent overseas. All sales are made in United States of America dollars. The Company extends normal credit terms to its customers. Customers in the automotive industry comprise 17 % of outstanding receivables at September 30, 2016 (80% 2015). one $1,306,000 (2016), $2,158,000 (2015), $2,768,000 (2014), $52,000 (2016) $741,000 (2015).
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Prepa ration of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that may
Fair Value Measurement, Policy [Policy Text Block]	Fair Value of Financial Instruments Accounting for "Financial Instruments" requires the Company to disclose estimated fair values of financial instruments. Financial instruments held by the Company include, among others, accounts receivable, accounts payable, and convertible notes payable. The carrying amounts reported in the consolidated balance sheet for assets and liabilities qualifying as financial instruments is a reasonable estimate of fair value.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company records sales as manufactured items are shipped to customers on an FOB shipping point arrangement, at which time title passes and the earnings process is complete. The Company primarily records service sales as the items are repaired. The customer does not have a right to return merchandise unless defective or warranty related and there are no formal customer acceptance provisions. Sales returns and allowances were immaterial during each of the three September 30, 2016.
Standard Product Warranty, Policy [Policy Text Block]	Product Warranties The Company warrants certain products against defects for primarily 12 three September 30, 2016.
Research, Development, and Computer Software, Policy [Policy Text Block]	Product Development Costs Product development costs, which include engineering production support, are expensed as incurred. Research and development performed for customers represents no more than 1%
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of the Statement of Cash Flows, the Company considers all highly liquid debt instruments purchased with a maturity of three September 30, 2016 2015 $3,060,734 $346,405,
Receivables, Policy [Policy Text Block]	Accounts Receivable The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.
Inventory, Policy [Policy Text Block]	Inventory Inventory is valued at the lower of cost (first first 2016 2015 Raw materials and component parts $ 1,730,563 $ 1,254,294 Work-in-process 438,447 499,752 Finished products 1,139,789 172,467 $ 3,308,799 $ 1,926,513 The reserve for inventory obsolescence was $235,592 and $251,500 September 30, 2016 2015,
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment are carried at cost. Maintenance and repair costs are expensed as incurred. Additions and betterments are capitalized. The depreciation policy of the Company is generally as follows: Class Method Estimated Useful Lives (in years) Buildings Straight-line 10 to 40 Machinery and equipment Straight-line 3 to 10 Tools and dies Straight-line 3 $133,422 (2016), $68,686 (2015), $62,195 (2014).
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets Intangible assets relate to the purchase of Federal Hose Manufacturing LLC on July 1, 2016. 11 years. Amortization of other intangibles was $20,000 (2016), $0 (2015) $0 (2014).
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Valuation of Long - Lived Assets Long - lived assets such as property, plant and equipment and software are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs are classified as cost of product sold.
Advertising Costs, Policy [Policy Text Block]	Advertising Costs Advertising costs are expensed as incurred and amounted to $22,979 (2016), $22,764 (2015) $9,017 (2014).
Income Tax, Policy [Policy Text Block]	Income Taxes The provision for income taxes is computed on domestic financial statement income. Where transactions are included in the determination of taxable income in a different year, deferred income tax accounting is used (Note 10). During the year, the Company adopted the provisions of FASB ASU 2015 17, Balance Sheet Classification of Deferred Taxes The provision for income taxes is determined using the asset and liability approach of accounting for income taxes. Under this approach, deferred taxes represent the future tax consequences expected to occur when the reported amounts of assets and liabilities are recovered or paid. The provision for income taxes represents income taxes paid or payable for the current year plus any change in deferred taxes during the year. Deferred taxes result from differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements and are adjusted for changes in tax rates and tax laws when changes are enacted. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized.
Earnings Per Share, Policy [Policy Text Block]	Income per Common Share Income per common share information is computed on the weighted average number of shares outstanding during each period as disclosed in Note 11.

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Tables)	12 Months Ended
Note 1 - Nature of Operations (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Product Classes 2016 2015 2014 Automotive Test Equipment 55.5 % 77.8 % 76.3 % Indicating Instruments 18.0 22.2 23.7 Flexible Hose 26.5 - - Total 100.0 % 100.0 % 100.0 %

Note 2 - Summary of Significa27

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	2016 2015 Raw materials and component parts $ 1,730,563 $ 1,254,294 Work-in-process 438,447 499,752 Finished products 1,139,789 172,467 $ 3,308,799 $ 1,926,513
Property, Plant and Equipment [Table Text Block]	Class Method Estimated Useful Lives (in years) Buildings Straight-line 10 to 40 Machinery and equipment Straight-line 3 to 10 Tools and dies Straight-line 3

Note 5 - Short - Term Financi28

Note 5 - Short - Term Financing (Tables)	12 Months Ended
Note 5 - Short - Term Financing (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Short-term Debt [Table Text Block]	Amount Weighted Average Interest Rate Balance at September 30, 2016 $ 250,000 4.00 % Average during 2016 $ 83,333 4.00 % Maximum during 2016 (month end) $ 250,000 4.00 % Balance at September 30, 2015 $ - .00 % Average during 2015 $ - .00 % Maximum during 2015 (month end) $ - .00 %

Note 6 - Notes Payable - Rela29

Note 6 - Notes Payable - Related Parties (Tables)	12 Months Ended
Note 6 - Notes Payable - Related Parties (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Current 2016 Total 2016 Total 2015 In connection with the acquisition of Federal Hose Manufacturing LLC, the Company entered into a promissory note on July 1, 2016 for $2,000,000 loan due to First Francis Company, payable in quarterly installments of $60,911 beginning on October 31, 2016, bearing interest at 4%. The remaining balance of the note shall be payable in full on July 1, 2022. Collateralized by all of the assets of the Company. $ 159,274 $ 2,000,000 $ - In connection with the acquisition of Federal Hose Manufacturing LLC, the Company entered into a promissory note on July 1, 2016 for $2,768,662 loan due to First Francis Company, payable in quarterly installments of $84,321 beginning on October 31, 2016, bearing interest at 4%. The remaining balance of the note shall be payable in full on July 1, 2022. Collateralized by all of the assets of the Company. 220,487 2,768,662 - $ 379,761 4,768,662 - Less current portion 379,761 - $ 4,388,901 $ -
Promissory Note 1 and 2 [Member] \| First Francis [Member]
Notes Tables
Schedule of Maturities of Long-term Debt [Table Text Block]	Total Payments Year Ending, September 30: 2017 $ 379,761 2018 411,495 2019 428,203 2020 445,590 2021 463,683 Thereafter 2,639,930 $ 4,768,662

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	12 Months Ended
Note 7 - Leases (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Facility Equipment 2017 $ 180,000 $ 8,938 2018 180,000 7,443 2019 180,000 - 2020 180,000 - 2021 180,000 - Total $ 900,000 $ 16,381
Schedule of Capital Leases [Table Text Block]	Current Total September 30, 2016 Total September 30, 2015 Capital lease obligation on MIS computer equipment and software, payable in monthly installments of $2,059 including interest at approximately 1.04% per annum through December, 2017. $ 24,710 $ 28,828 $ - Capital lease obligation on IT computer equipment and software, payable in monthly installments of $3,888 including interest at approximately 6.57% per annum, through February, 2021. 34,659 175,538 - $ 59,369 204,366 - Less current portion 59,369 - $ 144,997 $ -
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Year Ending Total Less Interest Present Obligation 2017 $ 70,082 $ 10,713 $ 59,369 2018 50,772 8,042 42,730 2019 46,654 5,383 41,271 2020 46,345 2,281 44,064 2021 17,141 209 16,932 $ 230,994 $ 26,628 $ 204,366
Schedule of Capital Leased Assets [Table Text Block]	2016 2015 Cost $ 247,811 $ - Depreciation $ 27,673 - Net Book Value $ 220,138 $ -

Note 8 - Stock Options (Tables)

Note 8 - Stock Options (Tables)	12 Months Ended
Note 8 - Stock Options (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted Average Exercise Weighted Average Exercise Weighted Average Exercise 2016 Price 2015 Price 2014 Price Option Shares Directors Plans: Outstanding October 1, 6,000 $ 3.440 22,000 $ 5.300 31,000 $ 5.570 Granted - - - - - - Canceled/expired (1,000 ) $ 2.925 (16,000 ) $ 6.000 (9,000 ) $ 6.230 Exercised - - - - - - Outstanding September 30, ($2.925 to $11.00 per share) 5,000 $ 3.540 6,000 $ 3.440 22,000 $ 5.300 Exercisable September 30, 5,000 $ 3.540 6,000 $ 3.440 20,000 $ 5.540
Directors Plans [Member]
Notes Tables
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Directors Plans Outstanding Stock Options Weighted Average Exercise Price Weighted Average Remaining Life Number of Stock Options Exercisable Weighted Average Exercise Price Range of exercise prices: $ 2.925 4,000 $ 2.925 5.3 4,000 $ 2.925 $ 6.00 1,000 $ 6.000 3.5 1,000 $ 6.000 5,000 $ 3.540 5,000 $ 3.540

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	12 Months Ended
Note 10 - Income Taxes (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2016 2015 2014 Income (Loss) Before Provision for (Recovery of) Income Taxes $ 1,333,248 $ (122,377 ) $ 8,376 Statutory rate 34 % 34 % 34 % 453,304 (41,608 ) 2,848 Permanent differences 1,000 900 1,200 Research and development and other credits - net (47,400 ) (48,500 ) (46,300 ) Valuation allowance (3,681,100 ) 82,200 44,400 Other (25,404 ) 7,008 (2,148 ) Total recovery of income taxes $ (3,299,600 ) $ - $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2016 2015 Inventories $ 302,600 $ 81,500 Bad debts 3,400 3,400 Accrued liabilities 77,700 70,600 Prepaid expense (8,900 ) (13,400 ) Depreciation and amortization 93,000 46,700 Research and development and other credit carryforwards 2,019,700 1,980,200 Net operating loss carryforward 1,303,000 1,914,300 Directors stock option plan 40,100 40,100 Acquisition costs - 125,500 3,830,600 4,248,900 Valuation allowance (500,000 ) (4,248,900 ) Total $ 3,330,600 $ -
Summary of Operating Loss Carryforwards [Table Text Block]	Tax Year Expires NOLS R& D & Other Credits 2018 $ - $ 44,980 2019 - 166,019 2020 - 195,753 2021 - 125,939 2022 - 48,573 2023 - 107,172 2024 - 156,392 2025 - 155,394 2026 - 139,885 2027 - 154,991 2028 - 152,732 2029 1,587,809 68,676 2030 942,727 31,081 2031 358,744 44,712 2032 622,879 59,085 2033 33,807 111,323 2034 186,708 73,198 2035 99,688 76,429 2036 - 107,315 $ 3,832,362 $ 2,019,649

Note 11 - Earnings Per Common33

Note 11 - Earnings Per Common Share (Tables)	12 Months Ended
Note 11 - Earnings Per Common Share (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2016 2015 2014 Basic Income (Loss) Per Share Income (Loss) available to common stockholders $ 4,632,848 $ (122,377 ) $ 8,376 Shares denominator 1,943,625 1,638,215 1,638,215 Per share amount $ 2.38 $ (.07 ) $ .01 Effect of Dilutive Securities Average shares outstanding 1,943,625 1,638,215 1,638,215 Options available under convertible note - - 31,097 1,943,625 1,638,215 1,669,312 Diluted Income (Loss) Per Share Income (Loss) available to common stockholders $ 4,632,848 $ (122,377 ) $ 8,376 Per share amount $ 2.38 $ (.07 ) $ .01

Note 13 - Segment and Related34

Note 13 - Segment and Related Information (Tables)	12 Months Ended
Note 13 - Segment and Related Information (Tables)	Sep. 30, 2016
Notes Tables
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Years Ended September 30, 2016 2015 2014 Net Sales Indicators and Gauges $ 1,196,204 $ 1,298,901 $ 1,492,348 Automotive Diagnostic Tools and Equipment 3,688,574 4,554,023 4,813,488 Flexible Metal Hose and Silicone Hose 1,761,002 - - $ 6,645,780 $ 5,852,924 $ 6,305,836 Income (Loss) Before Provision for Income Taxes Indicators and Gauges $ 161,878 $ 260,296 $ 312,692 Automotive Diagnostic Tools and Equipment (18,857 ) 679,720 704,427 Flexible Metal Hose and Silicone Hose 166,075 - - General Corporate Expenses 1,024,152 (1,062,393 ) (1,008,743 ) $ 1,333,248 $ (122,377 ) $ 8,376
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Years Ended September 30, 2016 2015 Identifiable Assets Indicators and Gauges $ 754,149 $ 729,520 Automotive Diagnostic Tools and Equipment 1,418,345 2,292,737 Flexible Metal Hose and Silicone Hose 6,784,751 - Corporate 6,477,510 844,318 $ 15,434,755 $ 3,866,575
Revenue from External Customers by Geographic Areas [Table Text Block]	Years Ended September 30, 2016 2015 2014 Revenue: United States of America $ 6,492,423 $ 5,678,888 $ 6,149,883 Australia 60,412 20,043 64,744 Canada 59,653 75,612 58,983 England 25,789 21,822 6,938 Mexico 6,976 26,902 25,288 Taiwan and other 527 29,657 - $ 6,645,780 $ 5,852,924 $ 6,305,836

Note 16 - Acquisitions (Tables)

Note 16 - Acquisitions (Tables)	12 Months Ended
Note 16 - Acquisitions (Tables)	Sep. 30, 2016
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash $ 30,097 Accounts Receivable - trade 834,720 Inventory 1,755,879 Prepaid Expenses 9,909 Fixed Assets 769,000 Customer List 1,280,000 Goodwill 1,777,656 Total Assets Acquired $ 6,457,261 Accounts Payable $ 475,513 Accrued Payroll 14,725 Accrued Expenses 115,725 Total Liabilities Assumed $ 605,730 Net Assets Acquired $ 5,851,531

Note 17 - Quarterly Data (Una36

Note 17 - Quarterly Data (Unaudited) (Tables)	12 Months Ended
Note 17 - Quarterly Data (Unaudited) (Tables)	Sep. 30, 2016
Notes Tables
Quarterly Financial Information [Table Text Block]	First Second Third Fourth Net Sales 2016 $ 1,376,872 $ 1,046,624 $ 1,530,244 $ 2,692,040 2015 1,162,218 1,091,182 1,804,614 1,794,910 2014 1,050,242 1,116,467 2,130,412 2,008,715 Gross Profit 2016 636,351 352,080 760,814 561,720 2015 362,105 381,991 807,794 1,132,731 2014 360,838 428,031 1,124,914 780,893 Net Income (Loss) 2016 (47,189 ) (464,444 ) (8,095 ) 5,152,576 2015 (270,656 ) (276,663 ) 109,631 315,311 2014 (320,287 ) (297,655 ) 386,911 239,407 Net Income (Loss) per Common Share Basic 2016 (0.03 ) (0.28 ) (0.01 ) 2.70 2015 (0.17 ) (0.17 ) 0.07 0.19 2014 (0.20 ) (0.18 ) 0.24 0.15 Diluted 2016 (0.03 ) (0.28 ) (0.01 ) 2.70 2015 (0.17 ) (0.17 ) 0.07 0.19 2014 (0.20 ) (0.18 ) 0.23 0.14

Schedule II - Valuation and Q37

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
Schedule II - Valuation and Qualifying Accounts (Tables)	Sep. 30, 2016
Notes Tables
Schedule Of Valuation and Qualifying Accounts [Table Text Block]	Year Ended September 30, 2014 Reserve for doubtful accounts $ 10,000 $ (4,446 ) (1) $ - (2) $ (4,446 ) (3) $ 10,000 Reserve for inventory obsolescence $ 793,000 $ (113,603 ) (5) $ - $ 315,897 (4) $ 363,500 Reserve for product warranty $ 89 $ 10,275 $ - $ 10,335 $ 9 Valuation allowance deferred taxes $ 4,122,300 $ 44,400 $ - $ - $ 4,166,700 Year Ended September 30, 2015 Reserve for doubtful accounts $ 10,000 $ (3,255 ) (1) $ - (2) $ (3,255 ) (3) $ 10,000 Reserve for inventory obsolescence $ 363,500 $ (47,045 ) (5) $ - $ 64,955 (4) $ 251,500 Reserve for product warranty $ 9 $ 12,555 $ - $ 12,564 $ - Valuation allowance deferred taxes $ 4,166,700 $ 82,200 $ - $ - $ 4,248,900 Year Ended September 30, 2016 Reserve for doubtful accounts $ 10,000 $ (1,784 ) (1) $ - (2) $ (1,784 ) (3) $ 10,000 Reserve for inventory obsolescence $ 251,500 $ 82,292 (5) $ - $ (98,200 ) (4) $ 235,592 Reserve for product warranty $ - $ 8,912 $ - $ 8,912 $ - Valuation allowance deferred taxes $ 4,248,900 $ (3,681,100 ) $ 67,800 (6) $ - $ 500,000

Note 1 - Nature of Operations -

Note 1 - Nature of Operations - Summary of Company's Product Classes (Details)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Product Classes	100.00%	100.00%	100.00%
Automotive Test Equipment [Member]
Product Classes	55.50%	77.80%	76.30%
Indicating Instruments [Member]
Product Classes	18.00%	22.20%	23.70%
Flexible Hose [Member]
Product Classes	26.50%

Note 2 - Summary of Significa39

Note 2 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended												12 Months Ended
	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)
Revenue, Net	$ 2,692,040	$ 1,530,244	$ 1,046,624	$ 1,376,872	$ 1,794,910	$ 1,804,614	$ 1,091,182	$ 1,162,218	$ 2,008,715	$ 2,130,412	$ 1,116,467	$ 1,050,242	$ 6,645,780	$ 5,852,924	$ 6,305,836
Cash and Cash Equivalents, at Carrying Value	3,060,734				346,405				$ 390,327				3,060,734	346,405	390,327	$ 938,852
Inventory Valuation Reserves	235,592				251,500								235,592	251,500
Depreciation													133,422	68,686	62,195
Advertising Expense													$ 22,979	22,764	9,017
Customer Lists [Member]
Finite-Lived Intangible Asset, Useful Life													11 years
Amortization of Intangible Assets													$ 20,000	$ 0	$ 0
Accounts Receivable [Member] \| Automotive Industry [Member]
Concentration Risk, Percentage													17.00%	80.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Accounts Receivable, Net	$ 52,000				$ 741,000								$ 52,000	$ 741,000
Sales Revenue, Goods, Net [Member] \| Customer Concentration Risk [Member]
Number of Customers													1	1	1
Revenue, Net													$ 1,306,000	$ 2,158,000	$ 2,768,000

Note 2 - Summary of Significa40

Note 2 - Summary of Significant Accounting Policies - Inventories Summary (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Raw materials and component parts	$ 1,730,563	$ 1,254,294
Work-in-process	438,447	499,752
Finished products	1,139,789	172,467
	$ 3,308,799	$ 1,926,513

Note 2 - Summary of Significa41

Note 2 - Summary of Significant Accounting Policies - Property, Plant and Equipment Useful Lives (Details)	12 Months Ended
	Sep. 30, 2016
Tools, Dies and Molds [Member]
Property, Plant and Equipment Useful Lives (Year)	3 years
Minimum [Member] \| Building [Member]
Property, Plant and Equipment Useful Lives (Year)	10 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment Useful Lives (Year)	3 years
Maximum [Member] \| Building [Member]
Property, Plant and Equipment Useful Lives (Year)	40 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment Useful Lives (Year)	10 years

Note 3 - Notes Receivable (Deta

Note 3 - Notes Receivable (Details Textual)	12 Months Ended
Note 3 - Notes Receivable (Details Textual)	Sep. 30, 2016
Unsecured Note Receivable Interest Rate	3.00%

Note 4 - Convertible Notes Pa43

Note 4 - Convertible Notes Payable (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Dec. 20, 2016	Dec. 30, 2012	Dec. 30, 2011
Line of Credit Facility, Fair Value of Amount Outstanding	$ 200,000
Fair Value Assumptions, Risk Free Interest Rate				0.42%
Fair Value Assumptions, Expected Term				3 years
Fair Value Assumptions, Expected Dividend Rate				0.00%
Fair Value Assumptions, Weighted Average Volatility Rate				0.84%
Interest Paid	11,830	$ 1,858	$ 6,174
Amendment No. 1 [Member] \| Warrant to Purchase Class A Common Stock [Member] \| Roundball LLC [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights						$ 2.50
Roundball LLC [Member]
Interest Expense, Debt	691	644	$ 228
Interest Paid	$ 691	$ 1,176
Roundball LLC [Member] \| Warrant to Purchase Class A Common Stock [Member]
Warrant Term	1 year
Roundball LLC [Member] \| Amendment No. 5 [Member] \| Subsequent Event [Member]
Working Capital Funding					$ 467,000
Line of Credit Facility, Maximum Borrowing Capacity					$ 250,000
Debt Instrument, Interest Rate, Stated Percentage					0.34%
Roundball LLC [Member] \| Amendment No. 1 [Member] \| Warrant to Purchase Class A Common Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights						100,000
Director [Member] \| Roundball LLC [Member] \| Convertible Notes Payable [Member]
Working Capital Funding							$ 467,000
Line of Credit Facility, Maximum Borrowing Capacity							$ 250,000
Debt Instrument, Interest Rate, Stated Percentage							0.25%

Note 5 - Short - Term Financi44

Note 5 - Short - Term Financing (Details Textual) - USD ($)	Oct. 11, 2016	Jun. 03, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Interest Expense			$ 59,386	$ 657	$ 6,592
Interest Paid			11,830	$ 1,858	$ 6,174
Revolving Credit Facility [Member] \| First Francis [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 250,000
Line of Credit Facility, Interest Rate During Period		4.00%
Interest Expense			2,889
Interest Paid			2,889
Long-term Line of Credit			$ 250,000
Revolving Credit Facility [Member] \| First Francis [Member] \| Subsequent Event [Member]
Repayments of Lines of Credit	$ 250,000

Note 5 - Short - Term Financi45

Note 5 - Short - Term Financing - Summary of Short-term Borrowings (Details) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Balance at September 30, 2015, Amount	$ 250,000
Balance at September 30, 2016	4.00%	0.00%
Average during 2015, Amount	$ 83,333
Maximum during 2015 (month end), Amount	$ 250,000

Note 6 - Notes Payable - Rela46

Note 6 - Notes Payable - Related Parties - Notes Due to Related Parties (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Notes payable, related parties, current	$ 379,761
	4,388,901
First Francis [Member]
Notes payable, related parties, current	379,761
Notes payable, related parties, current	4,768,662
	4,388,901
First Francis [Member] \| Promissory Note 1 [Member]
Notes payable, related parties, current	159,274
Notes payable, related parties, current	2,000,000
First Francis [Member] \| Promissory Note 2 [Member]
Notes payable, related parties, current	$ 220,487
Notes payable, related parties, current		$ 2,768,662

Note 6 - Notes Payable - Rela47

Note 6 - Notes Payable - Related Parties - Notes Due to Related Parties (Details) (Parentheticals) - First Francis [Member]	12 Months Ended
	Sep. 30, 2016USD ($)
Promissory Note 1 [Member]
Notes payable, face value	$ 2,000,000
Notes payable, quarterly payment	$ 60,911
Debt Instrument, Interest Rate, Stated Percentage	4.00%
Promissory Note 2 [Member]
Notes payable, face value	$ 2,768,662
Notes payable, quarterly payment	$ 84,321
Debt Instrument, Interest Rate, Stated Percentage	4.00%

Note 6 - Notes Payable - Rela48

Note 6 - Notes Payable - Related Parties - Schedule of Future Payments (Details) - First Francis [Member]	Sep. 30, 2016USD ($)
2,017	$ 379,761
2,018	411,495
2,019	428,203
2,020	445,590
2,021	463,683
Thereafter	2,639,930
	$ 4,768,662

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual) - USD ($)	12 Months Ended
Note 7 - Leases (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Operating Leases, Rent Expense	$ 57,767	$ 11,382	$ 10,521
Capital Leased Assets Net Book Value	$ 0

Note 7 - Leases - The Company's

Note 7 - Leases - The Company's Minimum Commitment Under Operating Leases (Details)	Sep. 30, 2016USD ($)
Facility [Member]
2,017	$ 180,000
2,018	180,000
2,019	180,000
2,020	180,000
2,021	180,000
Total	900,000
Equipment [Member]
2,017	8,938
2,018	7,443
2,019
2,020
2,021
Total	$ 16,381

Note 7 - Leases - Capital Lease

Note 7 - Leases - Capital Leased Assets (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Capital lease obligation, current portion	$ 59,369
Capital lease obligation	204,366
	144,997
Assets Held Under Capital Leases, MIS Computer Equipment [Member]
Capital lease obligation, current portion	24,710
Capital lease obligation	28,828
Assets Held Under Capital Leases, IT Computer Equipment [Member]
Capital lease obligation, current portion	34,659
Capital lease obligation	$ 175,538

Note 7 - Leases - Capital Lea52

Note 7 - Leases - Capital Leased Assets (Details) (Parentheticals) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Assets Held Under Capital Leases, MIS Computer Equipment [Member]
Monthly Installment	$ 2,059
Assets Held Under Capital Leases, MIS Computer Equipment [Member] \| Debt Instrument, Maturing at December, 2017 [Member]
Interest rate	1.04%
Assets Held Under Capital Leases, IT Computer Equipment [Member]
Monthly Installment	$ 3,888
Assets Held Under Capital Leases, IT Computer Equipment [Member] \| Debt Instrument, Maturing at February, 2021 [Member]
Interest rate	6.57%

Note 7 - Leases - Future Minimu

Note 7 - Leases - Future Minimum Capital Lease Payments (Details)	Sep. 30, 2016USD ($)
Minimum lease payment, 2017	$ 70,082
Interest, 2017	10,713
Present value of obligation, 2017	59,369
Minimum lease payment, 2018	50,772
Interest, 2018	8,042
Present value of obligation, 2018	42,730
Minimum lease payment, 2019	46,654
Interest, 2019	5,383
Present value of obligation, 2019	41,271
Minimum lease payment, 2020	46,345
Interest, 2020	2,281
Present value of obligation, 2020	44,064
Minimum lease payment, 2021	17,141
Interest, 2021	209
Present value of obligation, 2021	16,932
Minimum lease payment	230,994
Interest	26,628
Present value of obligation	$ 204,366

Note 7 - Leases - Assets Acquir

Note 7 - Leases - Assets Acquired Under Lease (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Cost	$ 247,811
Depreciation	27,673
Net Book Value	$ 220,138

Note 8 - Stock Options (Details

Note 8 - Stock Options (Details Textual) - USD ($)	12 Months Ended
Note 8 - Stock Options (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Feb. 27, 2013
Directors Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	10 years
Allocated Share-based Compensation Expense	$ 0	$ 543	$ 2,837
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 0
Common Class A [Member]
Common Stock, Capital Shares Reserved for Future Issuance	832,233	933,233
Common Class A [Member] \| Omnibus 2013 Equity Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance				150,000
Common Class A [Member] \| Directors Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	5,000

Note 8 - Stock Options - Transa

Note 8 - Stock Options - Transactions Involving the Directors Plans (Details) - Employee Plans [Member] - $ / shares	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Outstanding October 1, (in shares)	6,000	22,000	31,000
Outstanding October 1, (in dollars per share)	$ 3.44	$ 5.30	$ 5.57
Granted (in shares)
Granted (in dollars per share)
Canceled/expired (in shares)	(1,000)	(16,000)	(9,000)
Canceled/expired (in dollars per share)	$ 2.925	$ 6	$ 6.23
Outstanding September 30, ($2.925 to $11.00 per share) (in shares)	5,000	6,000	22,000
Outstanding September 30, ($2.925 to $11.00 per share) (in dollars per share)	$ 3.54	$ 3.44	$ 5.30
Exercisable September 30, (in shares)	5,000	6,000	20,000
Exercisable September 30, (in dollars per share)	$ 3.54	$ 3.44	$ 5.54

Note 8 - Stock Options - Summar

Note 8 - Stock Options - Summary of Expired Director Plans (Details)	12 Months Ended
	Sep. 30, 2016$ / sharesshares
Outstanding Stock Options (in shares) \| shares	5,000
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 3.54
Number of Stock Options Exercisable (in shares) \| shares	5,000
Weighted Average Exercise Price, Exercisable (in dollars per share)	$ 3.54
Exercise Price Range 1 [Member]
Outstanding Stock Options (in shares) \| shares	4,000
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 2.925
Weighted Average Remaining Life (Year)	5 years 109 days
Number of Stock Options Exercisable (in shares) \| shares	4,000
Weighted Average Exercise Price, Exercisable (in dollars per share)	$ 2.925
Range of Exercise Price, Lower Limit (in dollars per share)	$ 2.925
Exercise Price Range 2 [Member]
Outstanding Stock Options (in shares) \| shares	1,000
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 6
Weighted Average Remaining Life (Year)	3 years 182 days
Number of Stock Options Exercisable (in shares) \| shares	1,000
Weighted Average Exercise Price, Exercisable (in dollars per share)	$ 6
Range of Exercise Price, Upper Limit (in dollars per share)	$ 6

Note 9 - Capital Stock, Treas58

Note 9 - Capital Stock, Treasury Stock, and Contributed Capital (Details Textual)	Sep. 30, 2016$ / sharesshares	Sep. 30, 2015shares
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Common Class A [Member]
Common Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Capital Shares Reserved for Future Issuance	832,233	933,233
Common Stock, Voting Rights, per Share	1
Common Class A [Member] \| Minimum [Member]
Dividends Payable, Amount Per Share \| $ / shares	$ 0.10
Common Class B [Member]
Common Stock, Shares Authorized	2,500,000	2,500,000
Common Stock, Voting Rights, per Share	3

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
Note 10 - Income Taxes (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (3,748,900)	$ 82,200
Research and Development Credits Expiration [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	67,800
Likely Utilization of Net Operating Loss and Credit Carryforwards [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 3,681,000

Note 10 - Income Taxes - Income

Note 10 - Income Taxes - Income Tax Reconciliation (Details) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Income (Loss) Before Provision for (Recovery of) Income Taxes	$ 1,333,248	$ (122,377)	$ 8,376
Statutory rate	34.00%	34.00%	34.00%
	$ 453,304	$ (41,608)	$ 2,848
Permanent differences	1,000	900	1,200
Research and development and other credits - net	(47,400)	(48,500)	(46,300)
Valuation allowance	(3,681,100)	82,200	44,400
Other	(25,404)	7,008	(2,148)
	$ (3,299,600)

Note 10 - Income Taxes - Deferr

Note 10 - Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Inventories	$ 302,600	$ 81,500
Bad debts	3,400	3,400
Accrued liabilities	77,700	70,600
Prepaid expense	(8,900)	(13,400)
Depreciation and amortization	93,000	46,700
Research and development and other credit carryforwards	2,019,700	1,980,200
Net operating loss carryforward	1,303,000	1,914,300
Directors stock option plan	40,100	40,100
Acquisition costs		125,500
	3,830,600	4,248,900
Valuation allowance	(500,000)	(4,248,900)
Total	$ 3,330,600	$ 0

Note 10 - Income Taxes - Net Op

Note 10 - Income Taxes - Net Operating Loss and Tax Credit Carryforwards (Details)	Sep. 30, 2016USD ($)
Net Operating Loss	$ 3,832,362
Research & Development & Other Tax Credits [Member]
R&D & Other Credits	2,019,649
Expires in Tax Year 2018 [Member]
Net Operating Loss
Expires in Tax Year 2018 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	44,980
Expires in Tax Year 2019 [Member]
Net Operating Loss
Expires in Tax Year 2019 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	166,019
Expires in Tax Year 2020 [Member]
Net Operating Loss
Expires in Tax Year 2020 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	195,753
Expires in Tax Year 2021 [Member]
Net Operating Loss
Expires in Tax Year 2021 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	125,939
Expires in Tax Year 2022 [Member]
Net Operating Loss
Expires in Tax Year 2022 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	48,573
Expires in Tax Year 2023 [Member]
Net Operating Loss
Expires in Tax Year 2023 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	107,172
Expires in Tax Year 2024 [Member]
Net Operating Loss
Expires in Tax Year 2024 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	156,392
Expires in Tax Year 2025 [Member]
Net Operating Loss
Expires in Tax Year 2025 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	155,394
Expires in Tax Year 2026 [Member]
Net Operating Loss
Expires in Tax Year 2026 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	139,885
Expires in Tax Year 2027 [Member]
Net Operating Loss
Expires in Tax Year 2027 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	154,991
Expires in Tax Year 2028 [Member]
Net Operating Loss
Expires in Tax Year 2028 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	152,732
Expires in Tax Year 2029 [Member]
Net Operating Loss	1,587,809
Expires in Tax Year 2029 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	68,676
Expires in Tax Year 2030 [Member]
Net Operating Loss	942,727
Expires in Tax Year 2030 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	31,081
Expires in Tax Year 2031 [Member]
Net Operating Loss	358,744
Expires in Tax Year 2031 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	44,712
Expires in Tax Year 2032 [Member]
Net Operating Loss	622,879
Expires in Tax Year 2032 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	59,085
Expires in Tax Year 2033 [Member]
Net Operating Loss	33,807
Expires in Tax Year 2033 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	111,323
Expires in Tax Year 2034 [Member]
Net Operating Loss	186,708
Expires in Tax Year 2034 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	73,198
Expires in Tax Year 2035 [Member]
Net Operating Loss	99,688
Expires in Tax Year 2035 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	76,429
Expires in Tax Year 2036 [Member]
Net Operating Loss
Expires in Tax Year 2036 [Member] \| Research & Development & Other Tax Credits [Member]
R&D & Other Credits	$ 107,315

Note 11 - Earnings Per Common63

Note 11 - Earnings Per Common Share (Details Textual) - $ / shares	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,000	6,000	22,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	100,000	200,000	200,000
Options and Warrants [Member] \| Minimum [Member]
Share Price	$ 2.50	$ 2.50	$ 2.50
Options and Warrants [Member] \| Maximum [Member]
Share Price	$ 6	$ 6	$ 11

Note 11 - Earnings Per Common64

Note 11 - Earnings Per Common Share - Summary of Earnings Per Share Calculation (Details) - USD ($)	3 Months Ended												12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Basic Income (Loss) Per Share
Income (Loss) available to common stockholders													$ 4,632,848	$ (122,377)	$ 8,376
Shares denominator (in shares)													1,943,625	1,638,215	1,638,215
Per share amount (in dollars per share)	$ 2.70	$ (0.01)	$ (0.28)	$ (0.03)	$ 0.19	$ 0.07	$ (0.17)	$ (0.17)	$ 0.15	$ 0.24	$ (0.18)	$ (0.20)	$ 2.38	$ (0.07)	$ 0.01
Effect of Dilutive Securities
Average shares outstanding (in shares)													1,943,625	1,638,215	1,638,215
Options available under convertible note (in shares)															31,097
(in shares)													1,943,625	1,638,215	1,669,312
Diluted Income (Loss) Per Share
Income (Loss) available to common stockholders													$ 4,632,848	$ (122,377)	$ 8,376
Per share amount (in dollars per share)	$ 2.70	$ (0.01)	$ (0.28)	$ (0.03)	$ 0.19	$ 0.07	$ (0.17)	$ (0.17)	$ 0.14	$ 0.23	$ (0.18)	$ (0.20)	$ 2.38	$ (0.07)	$ 0.01

Note 12 - Employee Benefit Pl65

Note 12 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 14,412	$ 15,045	$ 16,979

Note 13 - Segment and Related66

Note 13 - Segment and Related Information (Details Textual)	12 Months Ended
Note 13 - Segment and Related Information (Details Textual)	Sep. 30, 2016
Number of Operating Segments	3
Number of Reportable Segments	3

Note 13 - Segment and Related67

Note 13 - Segment and Related Information - Information By Industry Segment (Details) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Revenue	$ 6,645,780	$ 5,852,924	$ 6,305,836
Income (Loss) Before Provision for Income Taxes
Income (Loss) before provision for Income Taxes	1,333,248	(122,377)	8,376
Corporate, Non-Segment [Member]
Income (Loss) Before Provision for Income Taxes
Income (Loss) before provision for Income Taxes	1,024,152	(1,062,393)	(1,008,743)
Indicators and Gauges [Member] \| Operating Segments [Member]
Revenue	1,196,204	1,298,901	1,492,348
Income (Loss) Before Provision for Income Taxes
Income (Loss) before provision for Income Taxes	161,878	260,296	312,692
Automotive Diagnostic Tools and Equipment [Member] \| Operating Segments [Member]
Revenue	3,688,574	4,554,023	4,813,488
Income (Loss) Before Provision for Income Taxes
Income (Loss) before provision for Income Taxes	(18,857)	679,720	704,427
Flexible Metal Hose and Silicone Hose [Member] \| Operating Segments [Member]
Revenue	1,761,002
Income (Loss) Before Provision for Income Taxes
Income (Loss) before provision for Income Taxes	$ 166,075

Note 13 - Segment and Related68

Note 13 - Segment and Related Information - Asset Information (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Identifiable Assets
Assets	$ 15,434,755	$ 3,866,575
Corporate, Non-Segment [Member]
Identifiable Assets
Assets	6,477,510	844,318
Indicators and Gauges [Member] \| Operating Segments [Member]
Identifiable Assets
Assets	754,149	729,520
Automotive Diagnostic Tools and Equipment [Member] \| Operating Segments [Member]
Identifiable Assets
Assets	1,418,345	2,292,737
Flexible Metal Hose and Silicone Hose [Member] \| Operating Segments [Member]
Identifiable Assets
Assets	$ 6,784,751

Note 13 - Segment and Related69

Note 13 - Segment and Related Information - Revenue By Geographic Location (Details) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Revenues	$ 6,645,780	$ 5,852,924	$ 6,305,836
UNITED STATES
Revenues	6,492,423	5,678,888	6,149,883
AUSTRALIA
Revenues	60,412	20,043	64,744
CANADA
Revenues	59,653	75,612	58,983
England [Member]
Revenues	25,789	21,822	6,938
MEXICO
Revenues	6,976	26,902	25,288
Taiwan and Other [Member]
Revenues	$ 527	$ 29,657

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) - Roundball LLC [Member] - Amendment No. 5 [Member] - Subsequent Event [Member]	Dec. 20, 2016USD ($)
Working Capital Funding	$ 467,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000
Debt Instrument, Interest Rate, Stated Percentage	0.34%

Note 16 - Acquisitions (Details

Note 16 - Acquisitions (Details Textual) - Federal Hose [Member] - USD ($)	Jul. 01, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Business Combination, Consideration Transferred	$ 5,851,531
Business Combination, Acquisition Related Costs		$ 211,951	$ 71,939	$ 150,921
First Francis [Member] \| Promissory Note 1 and 2 [Member]
Business Combination, Consideration Transferred, Liabilities Incurred	$ 4,768,662
Common Class A [Member] \| First Francis [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	911,250
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 847,463
Common Class B [Member] \| First Francis [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	303,750
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 235,406

Note 16 - Acquisitions - Summar

Note 16 - Acquisitions - Summary Assets Acquired and Liabilities Assumed (Details) - USD ($)	Sep. 30, 2016	Jul. 01, 2016	Sep. 30, 2015
Goodwill	$ 1,777,656
Federal Hose [Member]
Cash		$ 30,097
Accounts Receivable - trade		834,720
Inventory		1,755,879
Prepaid Expenses		9,909
Fixed Assets		769,000
Goodwill		1,777,656
Total Assets Acquired		6,457,261
Accounts Payable		475,513
Accrued Payroll		14,725
Accrued Expenses		115,725
Total Liabilities Assumed		605,730
Net Assets Acquired		5,851,531
Federal Hose [Member] \| Customer Lists [Member]
Customer List		$ 1,280,000

Note 17 - Quarterly Data (Una73

Note 17 - Quarterly Data (Unaudited) - Summary of Quarterly Data (Unaudited) (Details) - USD ($)	3 Months Ended												12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Revenue, Net	$ 2,692,040	$ 1,530,244	$ 1,046,624	$ 1,376,872	$ 1,794,910	$ 1,804,614	$ 1,091,182	$ 1,162,218	$ 2,008,715	$ 2,130,412	$ 1,116,467	$ 1,050,242	$ 6,645,780	$ 5,852,924	$ 6,305,836
Gross Profit	561,720	760,814	352,080	636,351	1,132,731	807,794	381,991	362,105	780,893	1,124,914	428,031	360,838
Net Income (Loss)	$ 5,152,576	$ (8,095)	$ (464,444)	$ (47,189)	$ 315,311	$ 109,631	$ (276,663)	$ (270,656)	$ 239,407	$ 386,911	$ (297,655)	$ (320,287)	$ 4,632,848	$ (122,377)	$ 8,376
Basic (in dollars per share)	$ 2.70	$ (0.01)	$ (0.28)	$ (0.03)	$ 0.19	$ 0.07	$ (0.17)	$ (0.17)	$ 0.15	$ 0.24	$ (0.18)	$ (0.20)	$ 2.38	$ (0.07)	$ 0.01
Per share amount (in dollars per share)	$ 2.70	$ (0.01)	$ (0.28)	$ (0.03)	$ 0.19	$ 0.07	$ (0.17)	$ (0.17)	$ 0.14	$ 0.23	$ (0.18)	$ (0.20)	$ 2.38	$ (0.07)	$ 0.01

Schedule II - Valuation and Q74

Schedule II - Valuation and Qualifying Accounts - Summary of Valuation and Qualifying Accounts (Details) - USD ($)		12 Months Ended
		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Allowance for Doubtful Accounts [Member]
Balance at Beginning of Period		$ 10,000		$ 10,000		$ 10,000
Additions Charged to Costs and Expenses	[1]	(1,784)		(3,255)		(4,446)
Additions Charged to Other Accounts					[2]		[2]
Deductions	[3]	(1,784)		(3,255)		(4,446)
Balance at End of Period		10,000		10,000		10,000
Inventory Valuation Reserve [Member]
Balance at Beginning of Period		251,500		363,500		793,000
Additions Charged to Costs and Expenses	[4]	82,292		(47,045)		(113,603)
Additions Charged to Other Accounts
Deductions	[5]	(98,200)		64,955		315,897
Balance at End of Period		235,592		251,500		363,500
Warranty Reserves [Member]
Balance at Beginning of Period				9		89
Additions Charged to Costs and Expenses		8,912		12,555		10,275
Additions Charged to Other Accounts
Deductions		8,912		12,564		10,335
Balance at End of Period						9
Valuation Allowance of Deferred Tax Assets [Member]
Balance at Beginning of Period		4,248,900		4,166,700		4,122,300
Additions Charged to Costs and Expenses		(3,681,100)		82,200		44,400
Additions Charged to Other Accounts		67,800	[6]
Deductions
Balance at End of Period		$ 500,000		$ 4,248,900		$ 4,166,700

[1]	Classified as bad debt expense.
[2]	Recoveries on accounts charged off in prior years.
[3]	Accounts charged off during year as uncollectible.
[4]	Reduction in inventory obsolescence reserve.
[5]	Inventory charged off during the year as obsolete.
[6]	Recovery of net operating loss reserve.