ADDvantage Technologies (AEYGQ) 10-Q 9 Aug 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document Information [Line Items]
Entity Registrant Name	ADDVANTAGE TECHNOLOGIES GROUP INC
Entity Central Index Key	874,292
Trading Symbol	aey
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 Common Stock, Shares Outstanding (in shares)		10,134,235
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Sep. 30, 2015
Equity Method Investments [Member]
Property and equipment, at cost:
Investment in and loans to equity method investee	$ 1,515,721
Cash and cash equivalents	5,143,774	6,110,986
Accounts receivable, net of allowance for doubtful accounts of $250,000	5,839,088	4,286,377
Inventories, net of allowance for excess and obsolete inventory of $3,206,628 and $2,756,628, respectively	21,667,539	23,600,996
Prepaid expenses	241,498	153,454
Deferred income taxes	1,824,000	1,776,000
Total current assets	34,715,899	35,927,813
Land and buildings	7,218,678	7,218,678
Machinery and equipment	3,713,134	3,415,164
Leasehold improvements	151,957	151,957
Total property and equipment, at cost	11,083,769	10,785,799
Less: Accumulated depreciation	(4,883,554)	(4,584,796)
Net property and equipment	6,200,215	6,201,003
Intangibles, net of accumulated amortization	5,180,120	5,799,473
Goodwill	3,910,089	3,910,089
Other assets	135,988	134,678
Total assets	51,658,032	51,973,056
Current liabilities:
Accounts payable	2,483,707	1,784,482
Accrued expenses	1,352,554	1,358,681
Income tax payable	52,895	122,492
Notes payable – current portion	896,330	873,752
Other current liabilities	952,331	982,094
Total current liabilities	5,737,817	5,121,501
Notes payable, less current portion	3,690,640	4,366,130
Deferred income taxes	314,000	286,000
Other liabilities	120,256	1,064,717
Total liabilities	9,862,713	10,838,348
Shareholders’ equity:
Common stock, $.01 par value; 30,000,000 shares authorized; 10,634,893 and 10,564,221 shares issued, respectively; 10,134,235 and 10,063,563 shares outstanding, respectively	106,349	105,642
Paid in capital	(4,938,075)	(5,112,269)
Retained earnings	47,627,059	47,141,349
Total shareholders’ equity before treasury stock	42,795,333	42,134,722
Less: Treasury stock, 500,658 shares, at cost	(1,000,014)	(1,000,014)
Total shareholders’ equity	41,795,319	41,134,708
Total liabilities and shareholders’ equity	$ 51,658,032	$ 51,973,056

Consolidated Condensed Balance3

Consolidated Condensed Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2016	Sep. 30, 2015
Accounts receivable, allowance for doubtful accounts	$ 250,000	$ 250,000
Allowance for excess and obsolete inventory	$ 3,206,628	$ 2,756,628
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)	10,634,893	10,564,221
Common stock, shares outstanding (in shares)	10,134,235	10,063,563
Treasury stock, shares (in shares)	500,658	500,658

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Sales	$ 10,060,242	$ 11,902,391	$ 28,897,097	$ 34,106,088
Cost of sales	6,594,091	7,757,784	19,080,954	21,886,166
Gross profit	3,466,151	4,144,607	9,816,143	12,219,922
Operating, selling, general and administrative expenses	3,062,288	3,202,402	8,987,316	10,081,016
Income from operations	403,863	942,205	828,827	2,138,906
Other income (expense):
Other income	70,517		180,071
Interest income	28,950		31,122
Income (loss) from equity method investment	63,977		(77,021)
Interest expense	(54,221)	(71,071)	(184,289)	(235,594)
Total other income (expense), net	109,223	(71,071)	(50,117)	(235,594)
Income before provision for income taxes	513,086	871,134	778,710	1,903,312
Provision for income taxes	197,000	234,000	293,000	616,000
Net income	$ 316,086	$ 637,134	$ 485,710	$ 1,287,312
Earnings per share:
Basic (in dollars per share)	$ 0.03	$ 0.06	$ 0.05	$ 0.13
Diluted (in dollars per share)	$ 0.03	$ 0.06	$ 0.05	$ 0.13
Shares used in per share calculation:
Basic (in shares)	10,134,235	10,073,121	10,098,564	10,055,390
Diluted (in shares)	10,135,607	10,073,121	10,103,054	10,055,390

Consolidated Condensed Stateme5

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net income	$ 485,710	$ 1,287,312
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	312,403	299,591
Amortization	619,353	619,354
Provision for excess and obsolete inventories	450,000	450,000
Deferred income tax benefit	(20,000)	(180,000)
Share based compensation expense	142,040	184,751
Loss from equity method investment	77,021
Changes in assets and liabilities:
Accounts receivable	(1,444,754)	593,954
Income tax receivable\payable	(69,597)	212,924
Inventories, net	1,499,557	(2,166,895)
Prepaid expenses	(55,183)	17,550
Other assets	(1,310)
Accounts payable	641,268	(125,367)
Accrued expenses	19,649	(62,003)
Net cash provided by operating activities	2,656,157	1,131,171
Investing Activities
Acquisition of net operating assets	(178,000)
Guaranteed payments for acquisition of business	(1,000,000)	(1,000,000)
Investment in and loans to equity method investment	(1,592,742)
Additions to land and buildings		(56,074)
Additions to machinery and equipment	(199,715)	(90,187)
Net cash used in investing activities	(2,970,457)	(1,146,261)
Financing Activities
Payments on notes payable	(652,912)	(632,266)
Net cash used in financing activities	(652,912)	(632,266)
Net decrease in cash and cash equivalents	(967,212)	(647,356)
Cash and cash equivalents at beginning of period	6,110,986	5,286,097
Cash and cash equivalents at end of period	5,143,774	4,638,741
Supplemental cash flow information:
Cash paid for interest	153,531	156,098
Cash paid for income taxes	$ 351,200	$ 600,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Accounting Policies	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Significant Accounting Policies [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, 2015. 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”). In addition, in August 2015, the FASB issued ASU No. 2015-14: “Revenue from Contracts with Customers (Topic 606). This update was issued to defer the effective date of ASU No. 2014-09 by one year. Therefore, the effective date of ASU No. 2014-09 is for annual reporting periods beginning after December 15, 2017. Management is evaluating the impact that ASU No. 2014-09 will have on the Company’s consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16: “Business Combinations (Topic 805)”. This guidance was issued to amend existing guidance related to measurement period adjustments associated with a business combination. The new standard requires the Company to recognize measurement period adjustments in the reporting period in which the adjustments are determined, including any cumulative charge to earnings in the current period. The amendment removes the requirement to adjust prior period financial statements for these measurement period adjustments. The guidance is effective for annual periods beginning after December 15, 2015 and early adoption is permitted. Management is evaluating the impact that ASU No. 2015-16 will have on the Company’s consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17: “Income Taxes (Topic 740) – Balance Sheet Classification of Deferred Taxes.” This guidance was issued to simplify the presentation of deferred income taxes. The amendments in this Update require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The effective date of ASU No. 2015-17 is for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Management is evaluating the impact that ASU No. 2015-17 will have on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02: “Leases (Topic 842)” which is intended to improve financial reporting about leasing transactions. The ASU will require organizations (“lessees”) that lease assets with lease terms of more than twelve months to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Organizations that own the assets leased by lessees (“lessors”) will remain largely unchanged from current GAAP. In addition, the ASU will require disclosures to help investors and other financial statement users better understand the amount, timing and uncertainty of cash flows arising from leases. The guidance is effective for annual periods beginning after December 15, 2018 and early adoption is permitted. Management is evaluating the impact that ASU No. 2016-02 will have on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09: “Compensation – Stock Compensation (Topic 718)” which is intended to improve employee share-based payment accounting. This ASU identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. Management is evaluating the impact that ASU No. 2016-09 will have on the Company’s consolidated financial statements.

Note 2 - Acquisition

Note 2 - Acquisition	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Note 2 – Acquisition On December 31, 2015, the Company acquired the net operating assets of Advantage Solutions, LLC in Kingsport, Tennessee. This new location for the Cable TV segment will provide cable television equipment repair services in the region as well as expand the Company’s Cable TV equipment sales opportunities. The purchase price was allocated to the major categories of assets and liabilities based on their estimated fair values at the acquisition date. The following table summarizes the preliminary purchase price allocation: Assets acquired: Accounts receivable $ 107,957 Refurbished inventory 16,100 Fixed assets - equipment 111,900 Liabilities assumed: Current liabilities (57,957 ) Net assets acquired $ 178,000

Note 3 - Inventories

Note 3 - Inventories	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 3 – Inventories Inventories at June 30, 2016 and September 30, 2015 are as follows: June 30, 2016 September 30, 2015 New: Cable TV $ 14,916,937 $ 16,255,487 Refurbished: Cable TV 3,832,035 3,676,132 Telco 6,125,195 6,426,005 Allowance for excess and obsolete inventory (3,206,628 ) (2,756,628 ) $ 21,667,539 $ 23,600,996 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 TV 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 TV segment to allow for obsolete inventory, which increased the cost of sales during the nine months ended June 30, 2016 and 2015, by approximately $0.5 million. For the Telco segment, any obsolete and excess telecommunications inventory is processed through its recycling program when it is identified.

Note 4 - Investment In and Loan

Note 4 - Investment In and Loans To Equity Method Investee	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Note 4 – Inve stment In and Loans to Equity Method Investee On March 10, 2016, the Company announced that it entered into a joint venture, YKTG Solutions, LLC (“YKTG Solutions”), which will support decommission work on cell tower sites across 13 states in the northeast on behalf of a major U.S. wireless provider. YKTG Solutions is owned 51% by YKTG, LLC and 49% by the Company, and YTKG Solutions is certified as a minority-based enterprise. The joint venture is governed by an operating agreement for the purpose of completing the decommission project, but the operating agreement can be expanded to include other projects upon agreement by both owners. The Company will account for its investment in YKTG Solutions using the equity-method of accounting. For its role in the decommission project, the Company will earn a management fee from YKTG Solutions based on billings. The Company is financing the decommission project pursuant to the terms of a loan agreement between the Company and YKTG Solutions by providing a revolving line of credit. The line of credit is for $4.0 million and is secured by all of the assets of YKTG Solutions, YKTG, LLC and the personal guarantees by the owners of YKTG, LLC. The line of credit accrues interest at a fixed interest rate of 12% and is paid monthly. At June 30, 2016, the amount outstanding under this line of credit was $1.6 million. The management fee encompasses any interest earned on outstanding advances under the line of credit. In the third quarter of 2016, YKTG Solutions completed another project with a major U.S. telecommunications provider, which yielded management fees and equity income of $38 thousand and $0.3 million, respectively. During the nine months ended June 30, 2016, the Company recognized management fees of $0.2 million as other income and $31 thousand as interest income in the Consolidated Condensed Statements of Income related to the Company’s participation in both projects and the financing provided. The Company’s carrying value in YKTG Solutions is reflected in investment in and loans to equity method investee in the Consolidated Condensed Balance Sheets. During the nine months ended June 30, 2016, the Company advanced YKTG Solutions a net of $1.6 million and recorded a net loss from the equity method of investment of $0.1 million, which resulted in the $1.5 million carrying value at June 30, 2016. At June 30, 2016, the Company's total estimate of maximum exposure to loss as a result of its relationship with YKTG Solutions was approximately $4.0 million, which represents the Company’s equity investment and available and outstanding line of credit with this entity. To help mitigate the risks associated with funding of the decommission project, the Company has obtained credit insurance for qualifying YKTG Solutions accounts receivable outstanding arising from the decommission project. In addition, in July 2016, YKTG Solutions entered into a $2.0 million surety payment bond whereby the Company and YKTG, LLC will be guarantors under the surety payment bond.

Note 5 - Intangible Assets

Note 5 - Intangible Assets	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 5 – 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 June 30, 2016 and September 30, 2015 are as follows: June 30, 2016 Gross Accumulated Amortization Net Intangible assets: Customer relationships – 10 years $ 4,257,000 $ (993,296 ) $ 3,263,704 Technology – 7 years 1,303,000 (434,332 ) 868,668 Trade name – 10 years 1,293,000 (301,699 ) 991,301 Non-compete agreements – 3 years 254,000 (197,553 ) 56,447 Total intangible assets $ 7,107,000 $ (1,926,880 ) $ 5,180,120 September 30, 2015 Gross Accumulated Amortization Net Intangible assets: Customer relationships – 10 years $ 4,257,000 $ (674,023 ) $ 3,582,977 Technology – 7 years 1,303,000 (294,725 ) 1,008,275 Trade name – 10 years 1,293,000 (204,724 ) 1,088,276 Non-compete agreements – 3 years 254,000 (134,055 ) 119,945 Total intangible assets $ 7,107,000 $ (1,307,527 ) $ 5,799,473

Note 6 - Notes Payable and Line

Note 6 - Notes Payable and Line of Credit	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 6 – 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”) with its primary financial lender. At June 30, 2016, the Company has two term loans outstanding under the Credit and Term Loan Agreement. The first outstanding term loan has an outstanding balance of $1.0 million at June 30, 2016 and is due on November 30, 2021, with monthly principal payments of $15,334 plus accrued interest. The interest rate is the prevailing 30-day LIBOR rate plus 1.4% (1.87% at June 30, 2016) 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 $3.5 million at June 30, 2016 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. 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 June 30, 2016, 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% (3.24% at June 30, 2016), and the interest rate is reset monthly. Any future borrowings under the Line of Credit are due on March 31, 2017. 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 June 30, 2016. 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, ● 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 $3.5 million as of June 30, 2016.

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 7 – 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 share 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 nine months ended June 30, 2016 and 2015 are: Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 Net income attributable to common shareholders $ 316,086 $ 637,134 $ 485,710 $ 1,287,312 Basic weighted average shares 10,134,235 10,073,121 10,098,564 10,055,390 Effect of dilutive securities: Stock options 1,372 − 4,490 − Diluted weighted average shares 10,135,607 10,073,121 10,103,054 10,055,390 Earnings per common share: Basic $ 0.03 $ 0.06 $ 0.05 $ 0.13 Diluted $ 0.03 $ 0.06 $ 0.05 $ 0.13 The table below includes information related to stock options that were outstanding at the end of each respective three and nine month periods ended June 30, but have been excluded from the computation of weighted-average stock options for dilutive securities due to the option exercise price exceeding the average market price per share of our common stock for the three and nine months ended June 30, or their effect would be anti-dilutive. Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 Stock options excluded 520,000 545,000 520,000 545,000 Weighted average exercise price of stock options $ 2.83 $ 2.91 $ 2.83 $ 2.91 Average market price of common stock $ 1.80 $ 2.37 $ 1.92 $ 2.41

Note 8 - Stock Option Plan

Note 8 - Stock Option Plan	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 8 – Stock Option Plan Plan Information The 2015 Incentive Stock Plan (the “Plan”) provides for awards of stock options and restricted stock to officers, directors, key employees and consultants. 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 June 30, 2016, 1,100,415 shares of common stock were reserved for stock award grants under the Plan. Of these reserved shares, 434,211 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 income. 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 June 30, 2016 and changes during the nine months then ended is presented below: Shares Wtd. Avg. Ex. Price Outstanding at September 30, 2015 535,000 $ 2.88 Granted 50,000 1.75 Exercised – – Expired (10,000 ) 5.78 Forfeited (5,000 ) 3.00 Outstanding at June 30, 2016 570,000 $ 2.73 Exercisable at June 30, 2016 403,334 $ 2.81 The Company granted nonqualified stock options of 50,000 shares for the nine months ended June 30, 2016. 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. The estimated fair value at date of grant for stock options utilizing the Black-Scholes option valuation model and the assumptions that were used in the Black-Scholes option valuation model for the nine months ended June 30, 2016 are as follows: Nine Months Ended June 30, 2016 Estimated fair value of options at grant date $ 34,350 Black-Scholes model assumptions: Average expected life (years) 6 Average expected volatility factor 38 % Average risk-free interest rate 1.75 % Average expected dividends yield – Compensation expense related to unvested stock options recorded for the nine months ended June 30, 2016 is as follows: Nine Months Ended June 30, 2016 Fiscal year 2012 grant $ 13,062 Fiscal year 2014 grant $ 35,641 Fiscal year 2016 grant $ 3,498 The Company records compensation expense over the vesting term of the related options. At June 30, 2016, compensation costs related to these unvested stock options not yet recognized in the consolidated condensed statements of income was $66,020. Restricted Stock The Company granted restricted stock in March 2016 to its Board of Directors and a Company officer totaling 62,874 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 at issuance totaled $105,000, which is being amortized over the 12 month holding period as compensation expense. The Company granted restricted stock in December 2015 and October 2015 to two new Directors totaling 3,333 and 4,465 shares, respectively which were valued at market value on the date of the grants. The holding restriction on these shares expired the first week of March 2016. The fair value of the shares issued December 2015 and October 2015 totaled $7,500 and $10,000, respectively and was amortized over the holding period as compensation expense. The Company granted restricted stock in April 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 9 - Segment Reporting

Note 9 - Segment Reporting	9 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 9 – 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 primarily sells certified used telecommunications networking equipment from a broad range of manufacturers to customers primarily in North America. In addition, this segment is a reseller of new telecommunications equipment from certain manufacturers. Also, this segment offers its customers decommissioning services for surplus and obsolete equipment, which it in turn processes through its recycling services. 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 and equipment, goodwill and intangible assets. Three Months Ended Nine Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Sales Cable TV $ 5,942,856 $ 6,752,224 $ 16,966,744 $ 19,377,515 Telco 4,134,665 5,235,317 12,053,568 15,085,388 Intercompany (17,279 ) (85,150 ) (123,215 ) (356,815 ) Total sales $ 10,060,242 $ 11,902,391 $ 28,897,097 $ 34,106,088 Gross profit Cable TV $ 2,126,744 $ 2,367,221 $ 5,612,691 $ 6,189,705 Telco 1,339,407 1,777,386 4,203,452 6,030,217 Total gross profit $ 3,466,151 $ 4,144,607 $ 9,816,143 $ 12,219,922 Income (loss) from operations Cable TV $ 528,651 $ 846,372 $ 981,770 $ 1,813,022 Telco (124,788 ) 95,833 (152,943 ) 325,884 Total income from operations $ 403,863 $ 942,205 $ 828,827 $ 2,138,906 June 30, 2016 September 30, 2015 Segment assets Cable TV $ 25,356,102 $ 26,494,430 Telco 16,916,218 17,094,713 Non-allocated 9,385,712 8,383,913 Total assets $ 51,658,032 $ 51,973,056

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2016
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, 2015.
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”). In addition, in August 2015, the FASB issued ASU No. 2015-14: “Revenue from Contracts with Customers (Topic 606). This update was issued to defer the effective date of ASU No. 2014-09 by one year. Therefore, the effective date of ASU No. 2014-09 is for annual reporting periods beginning after December 15, 2017. Management is evaluating the impact that ASU No. 2014-09 will have on the Company’s consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16: “Business Combinations (Topic 805)”. This guidance was issued to amend existing guidance related to measurement period adjustments associated with a business combination. The new standard requires the Company to recognize measurement period adjustments in the reporting period in which the adjustments are determined, including any cumulative charge to earnings in the current period. The amendment removes the requirement to adjust prior period financial statements for these measurement period adjustments. The guidance is effective for annual periods beginning after December 15, 2015 and early adoption is permitted. Management is evaluating the impact that ASU No. 2015-16 will have on the Company’s consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17: “Income Taxes (Topic 740) – Balance Sheet Classification of Deferred Taxes.” This guidance was issued to simplify the presentation of deferred income taxes. The amendments in this Update require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The effective date of ASU No. 2015-17 is for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Management is evaluating the impact that ASU No. 2015-17 will have on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02: “Leases (Topic 842)” which is intended to improve financial reporting about leasing transactions. The ASU will require organizations (“lessees”) that lease assets with lease terms of more than twelve months to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Organizations that own the assets leased by lessees (“lessors”) will remain largely unchanged from current GAAP. In addition, the ASU will require disclosures to help investors and other financial statement users better understand the amount, timing and uncertainty of cash flows arising from leases. The guidance is effective for annual periods beginning after December 15, 2018 and early adoption is permitted. Management is evaluating the impact that ASU No. 2016-02 will have on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09: “Compensation – Stock Compensation (Topic 718)” which is intended to improve employee share-based payment accounting. This ASU identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. Management is evaluating the impact that ASU No. 2016-09 will have on the Company’s consolidated financial statements.

Note 2 - Acquisition (Tables)

Note 2 - Acquisition (Tables)	9 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assets acquired: Accounts receivable $ 107,957 Refurbished inventory 16,100 Fixed assets - equipment 111,900 Liabilities assumed: Current liabilities (57,957 ) Net assets acquired $ 178,000

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	9 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, 2016 September 30, 2015 New: Cable TV $ 14,916,937 $ 16,255,487 Refurbished: Cable TV 3,832,035 3,676,132 Telco 6,125,195 6,426,005 Allowance for excess and obsolete inventory (3,206,628 ) (2,756,628 ) $ 21,667,539 $ 23,600,996

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	9 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	June 30, 2016 Gross Accumulated Amortization Net Intangible assets: Customer relationships – 10 years $ 4,257,000 $ (993,296 ) $ 3,263,704 Technology – 7 years 1,303,000 (434,332 ) 868,668 Trade name – 10 years 1,293,000 (301,699 ) 991,301 Non-compete agreements – 3 years 254,000 (197,553 ) 56,447 Total intangible assets $ 7,107,000 $ (1,926,880 ) $ 5,180,120 September 30, 2015 Gross Accumulated Amortization Net Intangible assets: Customer relationships – 10 years $ 4,257,000 $ (674,023 ) $ 3,582,977 Technology – 7 years 1,303,000 (294,725 ) 1,008,275 Trade name – 10 years 1,293,000 (204,724 ) 1,088,276 Non-compete agreements – 3 years 254,000 (134,055 ) 119,945 Total intangible assets $ 7,107,000 $ (1,307,527 ) $ 5,799,473

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 Net income attributable to common shareholders $ 316,086 $ 637,134 $ 485,710 $ 1,287,312 Basic weighted average shares 10,134,235 10,073,121 10,098,564 10,055,390 Effect of dilutive securities: Stock options 1,372 − 4,490 − Diluted weighted average shares 10,135,607 10,073,121 10,103,054 10,055,390 Earnings per common share: Basic $ 0.03 $ 0.06 $ 0.05 $ 0.13 Diluted $ 0.03 $ 0.06 $ 0.05 $ 0.13
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended June 30, Nine Months Ended June 30, 2016 2015 2016 2015 Stock options excluded 520,000 545,000 520,000 545,000 Weighted average exercise price of stock options $ 2.83 $ 2.91 $ 2.83 $ 2.91 Average market price of common stock $ 1.80 $ 2.37 $ 1.92 $ 2.41

Note 8 - Stock Option Plan (Tab

Note 8 - Stock Option Plan (Tables)	9 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Shares Wtd. Avg. Ex. Price Outstanding at September 30, 2015 535,000 $ 2.88 Granted 50,000 1.75 Exercised – – Expired (10,000 ) 5.78 Forfeited (5,000 ) 3.00 Outstanding at June 30, 2016 570,000 $ 2.73 Exercisable at June 30, 2016 403,334 $ 2.81
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine Months Ended June 30, 2016 Estimated fair value of options at grant date $ 34,350 Black-Scholes model assumptions: Average expected life (years) 6 Average expected volatility factor 38 % Average risk-free interest rate 1.75 % Average expected dividends yield –
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Nine Months Ended June 30, 2016 Fiscal year 2012 grant $ 13,062 Fiscal year 2014 grant $ 35,641 Fiscal year 2016 grant $ 3,498

Note 9 - Segment Reporting (Tab

Note 9 - Segment Reporting (Tables)	9 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Sales Cable TV $ 5,942,856 $ 6,752,224 $ 16,966,744 $ 19,377,515 Telco 4,134,665 5,235,317 12,053,568 15,085,388 Intercompany (17,279 ) (85,150 ) (123,215 ) (356,815 ) Total sales $ 10,060,242 $ 11,902,391 $ 28,897,097 $ 34,106,088 Gross profit Cable TV $ 2,126,744 $ 2,367,221 $ 5,612,691 $ 6,189,705 Telco 1,339,407 1,777,386 4,203,452 6,030,217 Total gross profit $ 3,466,151 $ 4,144,607 $ 9,816,143 $ 12,219,922 Income (loss) from operations Cable TV $ 528,651 $ 846,372 $ 981,770 $ 1,813,022 Telco (124,788 ) 95,833 (152,943 ) 325,884 Total income from operations $ 403,863 $ 942,205 $ 828,827 $ 2,138,906
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, 2016 September 30, 2015 Segment assets Cable TV $ 25,356,102 $ 26,494,430 Telco 16,916,218 17,094,713 Non-allocated 9,385,712 8,383,913 Total assets $ 51,658,032 $ 51,973,056

Note 2 - Fair Value of Assets A

Note 2 - Fair Value of Assets Acquired and Liabilities Assumed (Details) - Advantage Solutions, LLC [Member]	Dec. 31, 2015USD ($)
Assets acquired:
Accounts receivable	$ 107,957
Refurbished inventory	16,100
Fixed assets - equipment	111,900
Liabilities assumed:
Current liabilities	(57,957)
Net assets acquired	$ 178,000

Note 3 - Inventories (Details T

Note 3 - Inventories (Details Textual) - USD ($)	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Inventory Write-down	$ 450,000	$ 450,000

Note 3 - Inventories (Details)

Note 3 - Inventories (Details) - USD ($)	Jun. 30, 2016	Sep. 30, 2015
Cable TV	$ 14,916,937	$ 16,255,487
Cable TV	3,832,035	3,676,132
Telco	6,125,195	6,426,005
Allowance for excess and obsolete inventory	(3,206,628)	(2,756,628)
	$ 21,667,539	$ 23,600,996

Note 4 - Investment In and Lo25

Note 4 - Investment In and Loans To Equity Method Investee (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jul. 31, 2016	Mar. 10, 2016
YKTG Solutions, LLC [Member] | YKTG, LLC [Member]
Equity Method Investment, Ownership Percentage						51.00%
YKTG Solutions, LLC [Member] | Secured Line of Credit Receivable [Member]
Financing Receivable, Recorded Investment, Current						$ 4,000,000
Financing Receivable, Stated Interest Rate						12.00%
Notes, Loans and Financing Receivable, Net, Current	$ 1,600,000		$ 1,600,000
YKTG Solutions, LLC [Member] | Other Income [Member]
Management Fees Revenue			200,000
YKTG Solutions, LLC [Member] | Surety Bond [Member] | Subsequent Event [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted					$ 2,000,000
YKTG Solutions, LLC [Member]
Number of States in which Entity Operates						13
Equity Method Investment, Ownership Percentage						49.00%
Management Fees Revenue	38,000
Investment Income, Interest	300,000		31,000
Payments for Advance to Affiliate			1,600,000
Income (Loss) from Equity Method Investments			100,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	1,500,000		1,500,000
Equity Investment, Maximum Loss Exposure, Amount	4,000,000		4,000,000
Investment Income, Interest	28,950		31,122
Payments for Advance to Affiliate			1,592,742
Income (Loss) from Equity Method Investments	$ 63,977		$ (77,021)

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual)	9 Months Ended
	Jun. 30, 2016
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	10 years

Note 5 - Intangible Assets (D27

Note 5 - Intangible Assets (Details) - USD ($)	Jun. 30, 2016	Sep. 30, 2015
Customer Relationships [Member]
Gross	$ 4,257,000	$ 4,257,000
Accumulated Amortization	(993,296)	(674,023)
Net	3,263,704	3,582,977
Technology-Based Intangible Assets [Member]
Gross	1,303,000	1,303,000
Accumulated Amortization	(434,332)	(294,725)
Net	868,668	1,008,275
Trade Names [Member]
Gross	1,293,000	1,293,000
Accumulated Amortization	(301,699)	(204,724)
Net	991,301	1,088,276
Noncompete Agreements [Member]
Gross	254,000	254,000
Accumulated Amortization	(197,553)	(134,055)
Net	56,447	119,945
Gross	7,107,000	7,107,000
Accumulated Amortization	(1,926,880)	(1,307,527)
Net	$ 5,180,120	$ 5,799,473

Note 5 - Intangible Assets (D28

Note 5 - Intangible Assets (Details) (Parentheticals)	9 Months Ended	12 Months Ended
	Jun. 30, 2016	Sep. 30, 2015
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 6 - Notes Payable and Li29

Note 6 - Notes Payable and Line of Credit (Details Textual)	9 Months Ended
	Jun. 30, 2016USD ($)
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	3.24%
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	$ 1,000,000
Debt Instrument, Periodic Payment, Principal	$ 15,334
Debt Instrument, Interest Rate, Effective Percentage	1.87%
Term Loan 2 [Member]
Loans Payable	$ 3,500,000
Debt Instrument, Periodic Payment, Principal	$ 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	$ 3,500,000

Note 7 - Basic and Diluted Earn

Note 7 - Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income attributable to common shareholders	$ 316,086	$ 637,134	$ 485,710	$ 1,287,312
Basic (in shares)	10,134,235	10,073,121	10,098,564	10,055,390
Effect of dilutive securities:
Stock options (in shares)	1,372		4,490
Diluted weighted average shares (in shares)	10,135,607	10,073,121	10,103,054	10,055,390
Earnings per common share:
Basic (in dollars per share)	$ 0.03	$ 0.06	$ 0.05	$ 0.13
Diluted (in dollars per share)	$ 0.03	$ 0.06	$ 0.05	$ 0.13

Note 7 - Anti-dilutive Securiti

Note 7 - Anti-dilutive Securities (Details) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stock options excluded (in shares)	520,000	545,000	520,000	545,000
Weighted average exercise price of stock options (in dollars per share)	$ 2.83	$ 2.91	$ 2.83	$ 2.91
Average market price of common stock (in dollars per share)	$ 1.80	$ 2.37	$ 1.92	$ 2.41

Note 8 - Stock Option Plan (Det

Note 8 - Stock Option Plan (Details Textual) - USD ($)	Apr. 30, 2014	Mar. 31, 2016	Dec. 31, 2015	Oct. 31, 2015	Jun. 30, 2016
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
Certain Employees [Member] | Minimum [Member]
Restricted Stock Holding Period	1 year
Certain Employees [Member] | Maximum [Member]
Restricted Stock Holding Period	3 years
Certain Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock Holding Period	2 years
Stock Issued During Period, Shares, Restricted Stock Award, Gross	23,676
Fair Value Of Restricted Shares Upon Issuance	$ 76,000
Holding Restriction, Annual Expiration of Restricted Stock	7,892
Board Of Directors [Member]
Stock Options Expiration Period					10 years
Stock Issued During Period, Shares, Restricted Stock Award, Gross			3,333	4,465
Fair Value Of Restricted Shares Upon Issuance			$ 7,500	$ 10,000
Board of Directors and Officer [Member]
Restricted Stock Holding Period		1 year
Stock Issued During Period, Shares, Restricted Stock Award, Gross		62,874
Fair Value Of Restricted Shares Upon Issuance		$ 105,000
The 2015 Incentive Stock Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance					1,100,415
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					434,211
Nonqualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate					0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					50,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 66,020

Note 8 - Summary of the Status

Note 8 - Summary of the Status of the Company's Stock Options (Details)	9 Months Ended
	Jun. 30, 2016$ / sharesshares
Outstanding at September 30, 2015 (in shares) | shares	535,000
Outstanding at September 30, 2015 (in dollars per share) | $ / shares	$ 2.88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	50,000
Granted (in dollars per share) | $ / shares	$ 1.75
Exercised (in shares) | shares	0
Exercised (in dollars per share) | $ / shares	$ 0
Expired (in shares) | shares	(10,000)
Expired (in dollars per share) | $ / shares	$ 5.78
Forfeited (in shares) | shares	(5,000)
Forfeited (in dollars per share) | $ / shares	$ 3
Outstanding at June 30, 2016 (in shares) | shares	570,000
Outstanding at June 30, 2016 (in dollars per share) | $ / shares	$ 2.73
Exercisable at June 30, 2016 (in shares) | shares	403,334
Exercisable at June 30, 2016 (in dollars per share) | $ / shares	$ 2.81

Note 8 - Estimated Fair Value o

Note 8 - Estimated Fair Value of Stock Options (Details) - Employee Stock Option [Member]	9 Months Ended
	Jun. 30, 2016USD ($)
Estimated fair value of options at grant date	$ 34,350
Black-Scholes model assumptions:
Average expected life (years)	6 years
Average expected volatility factor	38.00%
Average risk-free interest rate	1.75%
Average expected dividends yield

Note 8 - Compensation Expense R

Note 8 - Compensation Expense Related to Restricted Stock (Details) - Employee Stock Option [Member]	9 Months Ended
	Jun. 30, 2016USD ($)
Fiscal Year 2012 Grant [Member]
Compensation expense	$ 13,062
Fiscal Year 2014 Grant [Member]
Compensation expense	35,641
Fiscal Year 2016 Grant [Member]
Compensation expense	$ 3,498

Note 9 - Segment Reporting Info

Note 9 - Segment Reporting Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Segments [Member] | Cable TV [Member]
Sales	$ 5,942,856	$ 6,752,224	$ 16,966,744	$ 19,377,515
Gross profit	2,126,744	2,367,221	5,612,691	6,189,705
Operating income (loss)	528,651	846,372	981,770	1,813,022
Operating Segments [Member] | Telco [Member]
Sales	4,134,665	5,235,317	12,053,568	15,085,388
Gross profit	1,339,407	1,777,386	4,203,452	6,030,217
Operating income (loss)	(124,788)	95,833	(152,943)	325,884
Intersegment Eliminations [Member]
Sales	(17,279)	(85,150)	(123,215)	(356,815)
Sales	10,060,242	11,902,391	28,897,097	34,106,088
Gross profit	3,466,151	4,144,607	9,816,143	12,219,922
Operating income (loss)	$ 403,863	$ 942,205	$ 828,827	$ 2,138,906

Note 9 - Segment Assets (Detail

Note 9 - Segment Assets (Details) - USD ($)	Jun. 30, 2016	Sep. 30, 2015
Operating Segments [Member] | Cable TV [Member]
Segment assets	$ 25,356,102	$ 26,494,430
Operating Segments [Member] | Telco [Member]
Segment assets	16,916,218	17,094,713
Segment Reconciling Items [Member]
Segment assets	9,385,712	8,383,913
Segment assets	$ 51,658,032	$ 51,973,056