ADDvantage Technologies (AEYGQ) 10-Q 12 May 15 2015 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Entity Registrant Name	ADDVANTAGE TECHNOLOGIES GROUP INC
Entity Central Index Key	874292
Current Fiscal Year End Date	-21
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		10,073,121
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Amendment Flag	FALSE

Consolidated_Condensed_Balance

Consolidated Condensed Balance Sheets (Current period unaudited) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Current assets:
Cash and cash equivalents	$4,824,227	$5,286,097
Accounts receivable, net of allowance for doubtful accounts of $200,000	6,401,011	6,393,580
Income tax refund receivable		220,104
Inventories, net of allowance for excess and obsolete inventory of $2,456,628 and $2,156,628, respectively	24,784,340	22,780,523
Prepaid expenses	255,972	174,873
Deferred income taxes	1,457,000	1,416,000
Total current assets	37,722,550	36,271,177
Property and equipment, at cost:
Land and buildings	7,222,279	7,208,679
Machinery and equipment	3,373,232	3,244,153
Leasehold improvements	141,237	206,393
Total property and equipment, at cost	10,736,748	10,659,225
Less accumulated depreciation	-4,390,403	-4,191,516
Net property and equipment	6,346,345	6,467,709
Intangibles, net of accumulated amortization	6,212,375	6,625,278
Goodwill	3,910,089	3,910,089
Other assets	131,428	131,428
Total assets	54,322,787	53,405,681
Current liabilities:
Accounts payable	4,482,776	2,880,761
Accrued expenses	1,742,347	1,809,878
Accrued income taxes	44,190
Notes payable – current portion	859,757	845,845
Other current liabilities	960,607	983,269
Total current liabilities	8,089,677	6,519,753
Notes payable, less current portion	4,805,882	5,240,066
Deferred income taxes	175,000	267,000
Other liabilities	1,020,243	1,942,889
Shareholders’ equity:
Common stock, $.01 par value; 30,000,000 shares authorized; 10,573,779 and 10,541,864 shares issued, respectively; and 10,073,121 and 10,041,206 shares outstanding, respectively	105,738	105,419
Paid in capital	-5,167,366	-5,312,881
Retained earnings	46,293,627	45,643,449
Total shareholders’ equity before treasury stock	41,231,999	40,435,987
Less: Treasury stock, 500,658 shares, at cost	-1,000,014	-1,000,014
Total shareholders’ equity	40,231,985	39,435,973
Total liabilities and shareholders’ equity	$54,322,787	$53,405,681

Consolidated_Condensed_Balance1

Consolidated Condensed Balance Sheets (Current period unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Accounts receivable, allowance	$200,000	$200,000
Allowance for excess and obsolete inventory	$2,456,628	$2,156,628
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	10,573,779	10,541,864
Common stock, shares outstanding (in shares)	10,073,121	10,041,206
Treasury stock, shares (in shares)	500,658	500,658

Consolidated_Condensed_Stateme

Consolidated Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Sales	$11,366,539	$8,313,815	$22,203,697	$14,433,549
Cost of sales	7,123,027	6,082,648	14,128,382	10,339,154
Gross profit	4,243,512	2,231,167	8,075,315	4,094,395
Operating, selling, general and administrative expenses	3,803,155	2,659,420	6,878,614	4,289,296
Operating income (loss)	440,357	-428,253	1,196,701	-194,901
Interest expense	79,102	25,011	164,523	30,994
Income (loss) before provision for income taxes	361,255	-453,264	1,032,178	-225,895
Provision (benefit) for income taxes	127,000	-176,000	382,000	-88,000
Income (loss) from continuing operations	234,255	-277,264	650,178	-137,895
Discontinued operations:
Loss from discontinued operations, net of tax		-60,444		-34,076
Loss on sale of discontinued operations, net of tax		-556,442		-556,442
Discontinued operations, net of tax		-616,886		-590,518
Net income (loss)	$234,255	($894,150)	$650,178	($728,413)
Basic
Continuing operations (in dollars per share)	$0.02	($0.03)	$0.06	($0.01)
Discontinued operations (in dollars per share)		($0.06)		($0.06)
Net income (loss) (in dollars per share)	$0.02	($0.09)	$0.06	($0.07)
Diluted
Continuing operations (in dollars per share)	$0.02	($0.03)	$0.06	($0.01)
Discontinued operations (in dollars per share)		($0.06)		($0.06)
Net income (loss) (in dollars per share)	$0.02	($0.09)	$0.06	($0.07)
Shares used in per share calculation:
Basic (in shares)	10,051,844	10,004,830	10,046,525	10,001,655
Diluted (in shares)	10,051,844	10,004,830	10,046,525	10,001,655

Consolidated_Condensed_Stateme1

Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating Activities
Net income (loss)	$650,178	($728,413)
Net loss from discontinued operations		-590,518
Net income (loss) from continuing operations	650,178	-137,895
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	198,887	160,177
Amortization	412,903	76,656
Provision for excess and obsolete inventories	300,000	300,000
Deferred income tax benefit	-133,000	-88,000
Share based compensation expense	125,306	61,851
Changes in assets and liabilities:
Accounts receivable	-7,431	-376,746
Income tax refund receivable	220,104	-385,868
Inventories, net	-2,303,817	-2,264,830
Prepaid expenses	-60,571	-35,441
Accounts payable	1,602,015	1,669,098
Accrued expenses	31,351	13,934
Net cash provided by (used in) operating activities – continuing operations	1,035,925	-1,007,064
Net cash provided by operating activities – discontinued operations		257,401
Net cash provided by (used in) operating activities	1,035,925	-749,663
Investing Activities
Acquisition of business, net of cash acquired		-10,011,080
Guaranteed payments for acquisition of business	-1,000,000
Additions to machinery and equipment	-77,523	-23,476
Proceeds from sale of discontinued operations		2,000,000
Net cash used in investing activities	-1,077,523	-8,034,556
Financing Activities
Proceeds on notes payable		5,000,000
Payments on notes payable	-420,272	-146,912
Net cash provided by (used in) financing activities	-420,272	4,853,088
Net decrease in cash and cash equivalents	-461,870	-3,931,131
Cash and cash equivalents at beginning of period	5,286,097	8,476,725
Cash and cash equivalents at end of period	4,824,227	4,545,594
Supplemental cash flow information:
Cash paid for interest	105,564	31,004
Cash paid for income taxes	264,000	27,000
Supplemental noncash investing activities:
Deferred guaranteed payments for acquisition of business		-2,744,338
Working capital purchase price receivable		$380,433

Note_1_Basis_of_Presentation_a

Note 1 - Basis of Presentation and Accounting Policies	6 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - Basis of Presentation and
	Accounting Policies
	Basis of presentation
	The consolidated condensed financial statements include the accounts of ADDvantage Technologies Group, Inc. and its subsidiaries, all of which are wholly owned (collectively, the “Company”). Intercompany balances and transactions have been eliminated in consolidation. The Company’s reportable segments are Cable Television (“Cable TV”) and Telecommunications (“Telco”).
	The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial statements and do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. However, the information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the consolidated condensed financial statements not misleading. It is suggested that these consolidated condensed financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2014.
	Recently Issued Accounting Standards
	In May 2014, the FASB issued ASU No. 2014-09: “Revenue from Contracts with Customers (Topic 606)”. This guidance was issued to clarify the principles for recognizing revenue and develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (“IFRS”). The guidance is effective for the fiscal year and interim periods beginning October 1, 2017. Management is evaluating the impact that ASU No. 2014-09 will have on the Company’s consolidated financial statements.

Note_2_Inventories

Note 2 - Inventories	6 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 2
	– Inventories
	Inventories at March 31, 2015 and September 30, 2014 are as follows:
		March 31,			September 30,
		2015			2014
	New:
	Cable TV	$	17,338,805		$	16,949,713
	Refurbished:
	Cable TV		3,726,751			3,982,140
	Telco		6,175,412			4,005,298
	Allowance for excess and obsolete inventory		(2,456,628	)		(2,156,628	)
		$	24,784,340		$	22,780,523
	New inventory includes products purchased from the manufacturers plus “surplus-new”, which are unused products purchased from other distributors or multiple system operators.  Refurbished inventory includes factory refurbished, Company refurbished and used products. Generally, the Company does not refurbish its used inventory until there is a sale of that product or to keep a certain quantity on hand.
	The Company regularly reviews the Cable Television segment inventory quantities on hand, and an adjustment to cost is recognized when the loss of usefulness of an item or other factors, such as obsolete and excess inventories, indicate that cost will not be recovered when an item is sold.  The Company recorded charges in the Cable Television segment to allow for obsolete inventory, which increased the cost of sales during the six months ended March 31, 2015, and 2014, by approximately $0.3 million. For the Telco segment, any obsolete and excess telecommunications inventory is processed through its recycling program when it is identified.

Note_3_Intangible_Assets

Note 3 - Intangible Assets	6 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 3
	–
	Intangible Assets
	Intangible assets that have finite useful lives are amortized on a straight-line basis over their estimated useful lives ranging from 3 years to 10 years. The intangible assets with their associated accumulated amortization amounts at March 31, 2015 and September 30, 2014 are as follows:
		31-Mar-15
		Gross		Accumulated			Net
				Amortization
	Intangible assets:
	Customer relationships – 10 years	$	4,257,000	$	(461,174	)	$	3,795,826
	Technology – 7 years		1,303,000		(201,654	)		1,101,346
	Trade name – 10 years		1,293,000		(140,075	)		1,152,925
	Non-compete agreements – 3 years		254,000		(91,722	)		162,278
	Total intangible assets	$	7,107,000	$	(894,625	)	$	6,212,375
		30-Sep-14
		Gross		Accumulated			Net
				Amortization
	Intangible assets:
	Customer relationships – 10 years	$	4,257,000	$	(248,325	)	$	4,008,675
	Technology – 7 years		1,303,000		(108,583	)		1,194,417
	Trade name – 10 years		1,293,000		(75,425	)		1,217,575
	Non-compete agreements – 3 years		254,000		(49,389	)		204,611
	Total intangible assets	$	7,107,000	$	(481,722	)	$	6,625,278

Note_4_Notes_Payable_and_Line_

Note 4 - Notes Payable and Line of Credit	6 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 4 – Notes Payable and Line of Credit
	Notes Payable
	The Company has an Amended and Restated Revolving Credit and Term Loan Agreement (“Credit and Term Loan Agreement”). At March 31, 2015, the Company has two term loans outstanding under the Credit and Term Loan Agreement. The first outstanding term loan has an outstanding balance of $1.2 million at March 31, 2015 and is due on November 20, 2021, with monthly principal payments of $15,334 plus accrued interest. The interest rate is the prevailing 30-day LIBOR rate plus 1.4% (1.57% at March 31, 2015) and is reset monthly. This term loan is collateralized by inventory, accounts receivable, equipment and fixtures and general intangibles.
	The second outstanding term loan has an outstanding balance of $4.4 million at March 31, 2015 and is due March 4, 2019, with monthly principal and interest payments of $68,505, with the balance due at maturity. It is a five year term loan with a seven year amortization payment schedule with a fixed interest rate of 4.07%. This term loan is collateralized by inventory, accounts receivable, equipment and fixtures and general intangibles.
	Capital Lease Obligations
	The Company has two capital lease obligations related to machinery and equipment totaling $53 thousand at March 31, 2015 with monthly principal and interest payments of $2,069. The capital lease obligations are due on June 20, 2017 and September 20, 2017.
	Line of Credit
	The Company has a $7.0 million Revolving Line of Credit (“Line of Credit”) under the Credit and Term Loan Agreement. At March 31, 2015, the Company had no balance outstanding under the Line of Credit. The Line of Credit requires quarterly interest payments based on the prevailing 30-day LIBOR rate plus 2.75% (2.91% at March 31, 2015), and the interest rate is reset monthly. Any future borrowings under the Line of Credit are due on November 27, 2015. Future borrowings under the Line of Credit are limited to the lesser of $7.0 million or the net balance of 80% of qualified accounts receivable plus 50% of qualified inventory. Under these limitations, the Company’s total available Line of Credit borrowing base was $7.0 million at March 31, 2015. Among other financial covenants, the Line of Credit agreement provides that the Company maintain a fixed charge ratio of coverage (EBITDA to total fixed charges) of not less than 1.25 to 1.0, determined quarterly. The Line of Credit is collateralized by inventory, accounts receivable, equipment and fixtures and general intangibles.
	Fair Value of Debt
	FASB ASC 820,
	Fair Value Measurements and Disclosures,
	defines fair value, establishes a consistent framework for measuring fair value and establishes a fair value hierarchy based on the observability of inputs used to measure fair value.  The three levels of the fair value hierarchy are as follows:
		●	Level 1 – Quoted prices for identical assets in active markets or liabilities that we have the ability to access. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.
		●	Level 2 – Inputs are other than quoted prices in active markets included in Level 1 that are either directly or indirectly observable. These inputs are either directly observable in the marketplace or indirectly observable through corroboration with market data for substantially the full contractual term of the asset or liability being measured.
		●	Level 3 – Inputs that are not observable for which there is little, if any, market activity for the asset or liability being measured. These inputs reflect management’s best estimate of the assumptions market participants would use in determining fair value.
	The Company has determined the carrying value of its variable-rate term loan approximates its fair value since the interest rate fluctuates periodically based on a floating interest rate.
	The Company has determined the fair value of its fixed-rate term loan utilizing the Level 2 hierarchy as the fair value can be estimated from broker quotes corroborated by other market data. These broker quotes are based on observable market interest rates at which loans with similar terms and maturities could currently be executed. The Company then estimated the fair value of the fixed-rate term loan using cash flows discounted at the current market interest rate obtained. The fair value of the Company’s fixed rate loan was $4.2 million as of March 31, 2015.

Note_5_Earnings_per_Share

Note 5 - Earnings per Share	6 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	Note
	5
	– Earnings Per Share
	Basic earnings per share are based on the sum of the average number of common shares outstanding and issuable restricted and deferred shares. Diluted earnings per share include any dilutive effect of stock options and restricted stock. In computing the diluted weighted average shares, the average stock price for the period is used in determining the number of shares assumed to be reacquired under the treasury stock method from the exercise of options.
	Basic and diluted earnings per share for the three and six months ended March 31, 2015 and 2014 are:
		Three Months Ended March 31,					Six Months Ended March 31,
		2015		2014			2015		2014
	Income (loss) from continuing operations	$	234,255	$	(277,264	)	$	650,178	$	(137,895	)
	Discontinued operations, net of tax		−		(616,886	)		−		(590,518	)
	Net income (loss) attributable to common shareholders	$	234,255	$	(894,150	)	$	650,178	$	(728,413	)
	Basic weighted average shares		10,051,844		10,004,830			10,046,525		10,001,655
	Effect of dilutive securities:		−		−		–			−
	Stock options
	Diluted weighted average shares		10,051,844		10,004,830			10,046,525		10,001,655
	Earnings (loss) per common share:
	Basic
	Continuing operations	$	0.02	$	(0.03	)	$	0.06	$	(0.01	)
	Discontinued operations		−		(0.06	)		−		(0.06	)
	Net income (loss)	$	0.02	$	(0.09	)	$	0.06	$	(0.07	)
	Diluted
	Continuing operations	$	0.02	$	(0.03	)	$	0.06	$	(0.01	)
	Discontinued operations		−		(0.06	)		−		(0.06	)
	Net income (loss)	$	0.02	$	(0.09	)	$	0.06	$	(0.07	)

Note_6_Stock_Option_Plan

Note 6 - Stock Option Plan	6 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note
	6 – Stock Option Plan
	Plan Information
	At the annual meeting of shareholders in March 2015, the shareholders approved the 2015 Incentive Stock Plan (the “Plan”). The Plan provides for awards of stock options and restricted stock to officers, directors, key employees and consultants. The Plan provides an additional 500,000 shares of common stock available for issuance in addition to those stock awards that were outstanding under the previous incentive stock plan. Under the Plan, option prices will be set by the Compensation Committee and may not be less than the fair market value of the stock on the grant date.
	At March 31, 2015, 1,100,591 shares of common stock were reserved for stock award grants under the Plan. Of these reserved shares, 500,000 shares were available for future grants.
	Stock Options
	All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based on their grant date fair value over the requisite service period. Compensation expense for share-based awards is included in the operating, selling, general and administrative expense section of the Company’s consolidated condensed statements of operations.
	Stock options are valued at the date of the award, which does not precede the approval date, and compensation cost is recognized on a straight-line basis over the vesting period. Stock options granted to employees generally become exercisable over a three, four or five-year period from the date of grant and generally expire ten years after the date of grant. Stock options granted to the Board of Directors generally become exercisable on the date of grant and generally expire ten years after the grant.
	A summary of the status of the Company's stock options at March 31, 2015 and changes during the six months then ended is presented below:
		Shares			Wtd. Avg.
					Ex. Price
	Outstanding at September 30, 2014		560,000		$	2.96
	Granted		–			–
	Exercised		–			–
	Expired		(15,000	)	$	4.62
	Forfeited	–			–
	Outstanding at March 31, 2015		545,000		$	2.91
	Exercisable at March 31, 2015		195,000		$	2.97
	No nonqualified stock options were granted for the six months ended March 31, 2015. The Company estimates the fair value of the options granted using the Black-Scholes option valuation model. The Company estimates the expected term of options granted based on the historical grants and exercises of the Company’s options. The Company estimates the volatility of its common stock at the date of the grant based on both the historical volatility as well as the implied volatility on its common stock. The Company bases the risk-free rate that is used in the Black-Scholes option valuation model on the implied yield in effect at the time of the option grant on U.S. Treasury zero-coupon issues with equivalent expected term. The Company has never paid cash dividends on its common stock and does not anticipate paying cash dividends in the foreseeable future. Consequently, the Company uses an expected dividend yield of zero in the Black-Scholes option valuation model. The Company amortizes the resulting fair value of the options ratably over the vesting period of the awards. The Company uses historical data to estimate the pre-vesting option forfeitures and records share-based expense only for those awards that are expected to vest.
	Compensation expense related to unvested stock options recorded for the six months ended March 31, 2015 is as follows:
		Six Months Ended
		31-Mar-15
	Fiscal year 2012 grant	$	16,522
	Fiscal year 2014 grant	$	54,312
	The Company records compensation expense over the vesting term of the related options. At March 31, 2015, compensation costs related to these unvested stock options not yet recognized in the consolidated condensed statements of operations was $154,706.
	Restricted Stock
	The Company granted restricted stock in March 2015 to its Board of Directors totaling 31,915 shares, which were valued at market value on the date of grant. The shares are being held by the Company for 12 months and will be delivered to the directors at the end of the 12 month holding period. The fair value of these shares upon issuance totaled $75,000 and is being amortized over the 12 month holding period as compensation expense. The Company granted restricted stock in April of 2014 to certain employees totaling 23,676 shares, which were valued at market value on the date of grant. The shares have a holding restriction, which will expire in equal annual installments of 7,892 shares over three years starting in April 2015. The fair value of these shares upon issuance totaled $76,000 and is being amortized over the respective one, two and three year holding periods as compensation expense. The unamortized portion of the restricted stock is included in prepaid expenses on the Company’s consolidated condensed balance sheets.

Note_7_Segment_Reporting

Note 7 - Segment Reporting	6 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note
	7
	– Segment Reporting
	The Company is reporting its financial performance based on its external reporting segments: Cable Television and Telecommunications. These reportable segments are described below.
	Cable Television (“Cable TV”)
	The Company’s Cable TV segment sells new, surplus and re-manufactured cable television equipment throughout North America, Central America, South America and, to a substantially lesser extent, other international regions that utilize the same technology. In addition, this segment also repairs cable television equipment for various cable companies.
	Telecommunications (“Telco”)
	The Company’s Telco segment sells certified used telecommunications networking equipment from a broad range of manufacturers to customers primarily in North America as well as other international regions. In addition, this segment also offers its customers decommissioning services for surplus and obsolete equipment, which it in turn processes through its recycling program.
	The Company evaluates performance and allocates its resources based on operating income. The accounting policies of its reportable segments are the same as those described in the summary of significant accounting policies.
	Segment assets consist primarily of cash and cash equivalents, accounts receivable, inventory, property, plant and equipment, goodwill and intangible assets.
		Three Months Ended						Six Months Ended
		March 31,			March 31,			March 31,			March 31,
		2015			2014			2015			2014
	Sales
	Cable TV	$	5,792,272		$	7,248,191		$	12,625,291		$	13,367,925
	Telco		5,813,777			1,065,624			9,850,071			1,065,624
	Intercompany		(239,510	)		−			(271,665	)		−
	Total sales	$	11,366,539		$	8,313,815		$	22,203,697		$	14,433,549
	Gross profit
	Cable TV	$	1,787,639		$	1,852,660		$	3,822,484		$	3,715,888
	Telco		2,455,873			378,507			4,252,831			378,507
	Total gross profit	$	4,243,512		$	2,231,167		$	8,075,315		$	4,094,395
	Operating income (loss)
	Cable TV	$	347,839		$	264,365		$	966,650		$	497,717
	Telco		92,518			(692,618	)		230,051			(692,618	)
	Total operating income (loss)	$	440,357		$	(428,253	)	$	1,196,701		$	(194,901	)
		March 31,			September 30,
		2015			2014
	Segment assets
	Cable TV	$	28,085,530		$	29,241,335
	Telco		19,813,675			17,781,114
	Non-allocated		6,423,582			6,383,232
	Total assets	$	54,322,787		$	53,405,681

Significant_Accounting_Policie

Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation
	The consolidated condensed financial statements include the accounts of ADDvantage Technologies Group, Inc. and its subsidiaries, all of which are wholly owned (collectively, the “Company”). Intercompany balances and transactions have been eliminated in consolidation. The Company’s reportable segments are Cable Television (“Cable TV”) and Telecommunications (“Telco”).
	The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial statements and do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. However, the information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the consolidated condensed financial statements not misleading. It is suggested that these consolidated condensed financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2014.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards
	In May 2014, the FASB issued ASU No. 2014-09: “Revenue from Contracts with Customers (Topic 606)”. This guidance was issued to clarify the principles for recognizing revenue and develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (“IFRS”). The guidance is effective for the fiscal year and interim periods beginning October 1, 2017. Management is evaluating the impact that ASU No. 2014-09 will have on the Company’s consolidated financial statements.

Note_2_Inventories_Tables

Note 2 - Inventories (Tables)	6 Months Ended
	Mar. 31, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]		March 31,			September 30,
		2015			2014
	New:
	Cable TV	$	17,338,805		$	16,949,713
	Refurbished:
	Cable TV		3,726,751			3,982,140
	Telco		6,175,412			4,005,298
	Allowance for excess and obsolete inventory		(2,456,628	)		(2,156,628	)
		$	24,784,340		$	22,780,523

Note_3_Intangible_Assets_Table

Note 3 - Intangible Assets (Tables)	6 Months Ended
	Mar. 31, 2015
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]		31-Mar-15
		Gross		Accumulated			Net
				Amortization
	Intangible assets:
	Customer relationships – 10 years	$	4,257,000	$	(461,174	)	$	3,795,826
	Technology – 7 years		1,303,000		(201,654	)		1,101,346
	Trade name – 10 years		1,293,000		(140,075	)		1,152,925
	Non-compete agreements – 3 years		254,000		(91,722	)		162,278
	Total intangible assets	$	7,107,000	$	(894,625	)	$	6,212,375
		30-Sep-14
		Gross		Accumulated			Net
				Amortization
	Intangible assets:
	Customer relationships – 10 years	$	4,257,000	$	(248,325	)	$	4,008,675
	Technology – 7 years		1,303,000		(108,583	)		1,194,417
	Trade name – 10 years		1,293,000		(75,425	)		1,217,575
	Non-compete agreements – 3 years		254,000		(49,389	)		204,611
	Total intangible assets	$	7,107,000	$	(481,722	)	$	6,625,278

Note_5_Earnings_per_Share_Tabl

Note 5 - Earnings per Share (Tables)	6 Months Ended
	Mar. 31, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Three Months Ended March 31,					Six Months Ended March 31,
		2015		2014			2015		2014
	Income (loss) from continuing operations	$	234,255	$	(277,264	)	$	650,178	$	(137,895	)
	Discontinued operations, net of tax		−		(616,886	)		−		(590,518	)
	Net income (loss) attributable to common shareholders	$	234,255	$	(894,150	)	$	650,178	$	(728,413	)
	Basic weighted average shares		10,051,844		10,004,830			10,046,525		10,001,655
	Effect of dilutive securities:		−		−		–			−
	Stock options
	Diluted weighted average shares		10,051,844		10,004,830			10,046,525		10,001,655
	Earnings (loss) per common share:
	Basic
	Continuing operations	$	0.02	$	(0.03	)	$	0.06	$	(0.01	)
	Discontinued operations		−		(0.06	)		−		(0.06	)
	Net income (loss)	$	0.02	$	(0.09	)	$	0.06	$	(0.07	)
	Diluted
	Continuing operations	$	0.02	$	(0.03	)	$	0.06	$	(0.01	)
	Discontinued operations		−		(0.06	)		−		(0.06	)
	Net income (loss)	$	0.02	$	(0.09	)	$	0.06	$	(0.07	)

Note_6_Stock_Option_Plan_Table

Note 6 - Stock Option Plan (Tables)	6 Months Ended
	Mar. 31, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]		Shares			Wtd. Avg.
					Ex. Price
	Outstanding at September 30, 2014		560,000		$	2.96
	Granted		–			–
	Exercised		–			–
	Expired		(15,000	)	$	4.62
	Forfeited	–			–
	Outstanding at March 31, 2015		545,000		$	2.91
	Exercisable at March 31, 2015		195,000		$	2.97
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]		Six Months Ended
		31-Mar-15
	Fiscal year 2012 grant	$	16,522
	Fiscal year 2014 grant	$	54,312

Note_7_Segment_Reporting_Table

Note 7 - Segment Reporting (Tables)	6 Months Ended
	Mar. 31, 2015
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Three Months Ended						Six Months Ended
		March 31,			March 31,			March 31,			March 31,
		2015			2014			2015			2014
	Sales
	Cable TV	$	5,792,272		$	7,248,191		$	12,625,291		$	13,367,925
	Telco		5,813,777			1,065,624			9,850,071			1,065,624
	Intercompany		(239,510	)		−			(271,665	)		−
	Total sales	$	11,366,539		$	8,313,815		$	22,203,697		$	14,433,549
	Gross profit
	Cable TV	$	1,787,639		$	1,852,660		$	3,822,484		$	3,715,888
	Telco		2,455,873			378,507			4,252,831			378,507
	Total gross profit	$	4,243,512		$	2,231,167		$	8,075,315		$	4,094,395
	Operating income (loss)
	Cable TV	$	347,839		$	264,365		$	966,650		$	497,717
	Telco		92,518			(692,618	)		230,051			(692,618	)
	Total operating income (loss)	$	440,357		$	(428,253	)	$	1,196,701		$	(194,901	)
Reconciliation of Assets from Segment to Consolidated [Table Text Block]		March 31,			September 30,
		2015			2014
	Segment assets
	Cable TV	$	28,085,530		$	29,241,335
	Telco		19,813,675			17,781,114
	Non-allocated		6,423,582			6,383,232
	Total assets	$	54,322,787		$	53,405,681

Note_2_Inventories_Details_Tex

Note 2 - Inventories (Details Textual) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Inventory Write-down	$0.30	$0.30

Note_2_Inventories_Schedule_of

Note 2 - Inventories - Schedule of Inventories (Details) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Cable TV	$17,338,805	$16,949,713
Cable TV	3,726,751	3,982,140
Telco	6,175,412	4,005,298
Allowance for excess and obsolete inventory	-2,456,628	-2,156,628
	$24,784,340	$22,780,523

Note_3_Intangible_Assets_Detai

Note 3 - Intangible Assets (Details Textual)	6 Months Ended
	Mar. 31, 2015
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	10 years

Note_3_Intangible_Assets_Sched

Note 3 - Intangible Assets - Schedule of Intangible Assets (Details) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Gross	$7,107,000	$7,107,000
Accumulated Amortization	-894,625	-481,722
Net	6,212,375	6,625,278
Customer Relationships [Member]
Gross	4,257,000	4,257,000
Accumulated Amortization	-461,174	-248,325
Net	3,795,826	4,008,675
Technology-Based Intangible Assets [Member]
Gross	1,303,000	1,303,000
Accumulated Amortization	-201,654	-108,583
Net	1,101,346	1,194,417
Trade Names [Member]
Gross	1,293,000	1,293,000
Accumulated Amortization	-140,075	-75,425
Net	1,152,925	1,217,575
Noncompete Agreements [Member]
Gross	254,000	254,000
Accumulated Amortization	-91,722	-49,389
Net	$162,278	$204,611

Note_3_Intangible_Assets_Sched1

Note 3 - Intangible Assets - Schedule of Intangible Assets (Details) (Parentheticals)	6 Months Ended	12 Months Ended
	Mar. 31, 2015	Sep. 30, 2014
Customer Relationships [Member]
Finite-lived intangible asset, useful life	10 years	10 years
Technology-Based Intangible Assets [Member]
Finite-lived intangible asset, useful life	7 years	7 years
Trade Names [Member]
Finite-lived intangible asset, useful life	10 years	10 years
Noncompete Agreements [Member]
Finite-lived intangible asset, useful life	3 years	3 years

Note_4_Notes_Payable_and_Line_1

Note 4 - Notes Payable and Line of Credit (Details Textual) (USD $)	6 Months Ended
	Mar. 31, 2015
Capital Lease Obligations	53,000
Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Line of Credit [Member]
Long-term Line of Credit	0
Debt Instrument, Interest Rate, Effective Percentage	2.91%
Line of Credit Facility, Maximum Borrowing Capacity	7,000,000
Percentage Of Qualified Accounts Receivable Used In Determination Of Maximum Borrowing Capacity Of Line Of Credit	80.00%
Percentage Of Qualified Inventory Used In Determination Of Maximum Borrowing Capacity Of Line Of Credit	50.00%
Line of Credit Facility, Current Borrowing Capacity	7,000,000
Fixed Charge Coverage Ratio	1.25
Term Loan 1 [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.40%
Term Loan 1 [Member]
Loans Payable	1,200,000
Debt Instrument, Periodic Payment	15,334
Debt Instrument, Interest Rate, Effective Percentage	1.57%
Term Loan 2 [Member]
Loans Payable	4,400,000
Debt Instrument, Periodic Payment	68,505
Debt Instrument, Term	5 years
Debt Instrument Amortization Term	7 years
Debt Instrument, Interest Rate, Stated Percentage	4.07%
Debt Instrument, Fair Value Disclosure	4,200,000
Capital Lease Obligations [Member]
Debt Instrument, Periodic Payment	2,069

Note_5_Earnings_Per_Share_Basi

Note 5 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Income (loss) from continuing operations	$234,255	($277,264)	$650,178	($137,895)
Discontinued operations, net of tax		-616,886		-590,518
Net income (loss) attributable to common shareholders	$234,255	($894,150)	$650,178	($728,413)
Basic (in shares)	10,051,844	10,004,830	10,046,525	10,001,655
Diluted weighted average shares (in shares)	10,051,844	10,004,830	10,046,525	10,001,655
Basic
Continuing operations (in dollars per share)	$0.02	($0.03)	$0.06	($0.01)
Discontinued operations (in dollars per share)		($0.06)		($0.06)
Net income (loss) (in dollars per share)	$0.02	($0.09)	$0.06	($0.07)
Diluted
Continuing operations (in dollars per share)	$0.02	($0.03)	$0.06	($0.01)
Discontinued operations (in dollars per share)		($0.06)		($0.06)
Net income (loss) (in dollars per share)	$0.02	($0.09)	$0.06	($0.07)

Note_6_Stock_Option_Plan_Detai

Note 6 - Stock Option Plan (Details Textual) (USD $)	6 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Apr. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Common Stock, Capital Shares Reserved for Future Issuance	1,100,591	1,100,591
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	500,000	500,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$154,706	154,706
Fair Value Of Restricted Shares Upon Issuance	75,000	75,000
Nonqualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0
Employees [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Employees [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Stock Options Expiration Period	10 years
Board Of Directors [Member]
Stock Options Expiration Period	10 years
Stock Issued During Period, Shares, Restricted Stock Award, Gross		31,915
Restricted Stock Holding Period		1 year
Certain Employees [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross			23,676
Restricted Stock Holding Period			3 years
Fair Value Of Restricted Shares Upon Issuance			$76,000
Holding Restriction, Annual Expiration of Restricted Stock			7,892
The 2015 Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized		500,000

Note_6_Stock_Option_Plan_Summa

Note 6 - Stock Option Plan - Summary of Status of the Company's Stock Options (Details) (USD $)	6 Months Ended
	Mar. 31, 2015
Outstanding (in shares)	560,000
Outstanding (in dollars per share)	$2.96
Expired (in shares)	-15,000
Expired (in dollars per share)	$4.62
Outstanding (in shares)	545,000
Outstanding (in dollars per share)	$2.91
Exercisable at March 31, 2015 (in shares)	195,000
Exercisable at March 31, 2015 (in dollars per share)	$2.97

Note_6_Stock_Option_Plan_Compe

Note 6 - Stock Option Plan - Compensation Expense Related to Restricted Stock (Details) (Employee Stock Option [Member], USD $)	6 Months Ended
	Mar. 31, 2015
Fiscal Year 2012 Grant [Member]
Compensation Expense	$16,522
Fiscal Year 2014 Grant [Member]
Compensation Expense	$54,312

Note_7_Segment_Reporting_Segme

Note 7 - Segment Reporting - Segment Reporting Information (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Sales	$11,366,539	$8,313,815	$22,203,697	$14,433,549
Gross profit	4,243,512	2,231,167	8,075,315	4,094,395
Operating income	440,357	-428,253	1,196,701	-194,901
Operating Segments [Member] | Cable TV [Member]
Sales	5,792,272	7,248,191	12,625,291	13,367,925
Gross profit	1,787,639	1,852,660	3,822,484	3,715,888
Operating income	347,839	264,365	966,650	497,717
Operating Segments [Member] | Telco [Member]
Sales	5,813,777	1,065,624	9,850,071	1,065,624
Gross profit	2,455,873	378,507	4,252,831	378,507
Operating income	92,518	-692,618	230,051	-692,618
Intersegment Eliminations [Member]
Sales	($239,510)		($271,665)

Note_7_Segment_Reporting_Segme1

Note 7 - Segment Reporting - Segment Assets (Details) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Segment assets	$54,322,787	$53,405,681
Operating Segments [Member] | Cable TV [Member]
Segment assets	28,085,530	29,241,335
Operating Segments [Member] | Telco [Member]
Segment assets	19,813,675	17,781,114
Corporate, Non-Segment [Member]
Segment assets	$6,423,582	$6,383,232