Genasys (GNSS) 10-Q 6 Aug 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Entity Registrant Name	LRAD Corp
Entity Central Index Key	924,383
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)		33,118,600
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Current assets:
Cash and cash equivalents	$ 17,783,499	$ 23,894,744
Short-term marketable securities	1,942,882
Accounts receivable, net	2,735,033	$ 4,284,051
Inventories, net	5,077,498	3,895,736
Prepaid expenses and other	599,714	523,947
Total current assets	28,138,626	$ 32,598,478
Long-term marketable securities	2,797,788
Property and equipment, net	455,387	$ 360,084
Intangible assets, net	52,830	53,835
Prepaid expenses and other, noncurrent	625,809	766,423
Total assets	32,070,440	33,778,820
Current liabilities:
Accounts payable	1,400,569	830,503
Accrued liabilities	1,099,514	4,087,976
Total current liabilities	2,500,083	4,918,479
Other liabilities, noncurrent	144,688	157,550
Total liabilities	2,644,771	$ 5,076,029
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding	0	$ 0
Common stock, $0.00001 par value; 50,000,000 shares authorized; 33,226,161and 33,236,489 shares issued and outstanding	332	332
Additional paid-in capital	88,040,202	88,049,125
Accumulated deficit	(58,614,468)	$ (59,346,666)
Accumulated other comprehensive income	(397)
Total stockholders' equity	29,425,669	$ 28,702,791
Total liabilities and stockholders' equity	$ 32,070,440	$ 33,778,820

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2015	Sep. 30, 2014
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	33,226,161	33,236,489
Common stock, shares outstanding (in shares)	33,226,161	33,236,489

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - Scenario, Unspecified [Domain] - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Product sales	$ 3,256,564	$ 7,621,392	$ 11,655,451	$ 16,291,114
Contract and other	249,351	382,696	722,122	922,910
Total revenues	3,505,915	8,004,088	12,377,573	17,214,024
Cost of revenues	1,804,905	2,955,292	6,020,601	7,491,421
Gross profit	1,701,010	5,048,796	6,356,972	9,722,603
Operating expenses:
Selling, general and administrative	1,286,095	2,488,284	4,154,314	5,543,793
Research and development	519,991	622,273	1,567,113	1,591,665
Total operating expenses	1,806,086	3,110,557	5,721,427	7,135,458
(Loss) income from operations	(105,076)	1,938,239	635,545	2,587,145
Other income	31,863	5,128	88,987	15,411
(Loss) income from operations before income taxes	(73,213)	1,943,367	724,532	2,602,556
Income tax (benefit) expense	(9,266)	552	(7,666)	2,252
Net (loss) income	$ (63,947)	$ 1,942,815	$ 732,198	$ 2,600,304
Net (loss) income per common share - basic and diluted (in dollars per share)	$ 0	$ 0.06	$ 0.02	$ 0.08
Weighted average common shares outstanding:
Basic (in shares)	33,152,714	33,041,142	33,214,242	33,067,515
Diluted (in shares)	33,152,714	33,185,564	33,738,616	33,342,311

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
(Loss) income available to common stockholders	$ (63,947)	$ 1,942,815	$ 732,198	$ 2,600,304
Other comprehensive income, net of tax:
Unrealized gains on marketable securities, net of $0 tax	701		397
Other comprehensive income	701		397
Comprehensive (loss) income	$ (63,246)	$ 1,942,815	$ 732,595	$ 2,600,304

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) (Parentheticals) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Unrealized gains on marketable securities, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities:
Net income	$ 732,198	$ 2,600,304
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	$ 182,569	147,534
Provision for doubtful accounts		5,716
Warranty provision	$ (19,720)	(147,887)
Inventory obsolescence	42,286	19,032
Share-based compensation	$ 461,717	488,958
Loss on sale or impairment of patents		6,980
Changes in operating assets and liabilities:
Accounts receivable	$ 1,549,018	1,204,313
Inventories	(1,224,048)	(163,281)
Prepaid expenses and other	(75,767)	454,185
Prepaid expenses and other, noncurrent	140,614	140,625
Accounts payable	570,066	(944,129)
Warranty settlements	(33,260)	(40,975)
Accrued and other liabilities	(2,987,784)	1,860,328
Net cash (used in) provided by operating activities	(622,671)	$ 5,927,477
Investing Activities:
Purchases of marketable securities	(4,741,067)
Capital expenditures	(273,482)	$ (242,483)
Patent costs paid	(3,385)	(6,348)
Net cash used in investing activities	(5,017,934)	(248,831)
Financing Activities:
Repurchase of common stock	(965,474)	(476,494)
Proceeds from exercise of stock options	494,834	193,064
Net cash used in financing activities	(470,640)	(283,430)
Net (decrease) increase in cash	(6,111,245)	5,395,216
Cash and cash equivalents, beginning of period	23,894,744	15,805,195
Cash and cash equivalents, end of period	$ 17,783,499	21,200,411
Supplemental Disclosure of Cash Flow Information
Cash paid for taxes		$ 325

Note 1 - Operations

Note 1 - Operations	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Nature of Operations [Text Block]	1. OPERATIONS LRAD ®

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES General The Company’s unaudited condensed consolidated financial statements included herein have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In our opinion, the accompanying statements reflect adjustments necessary to present fairly the financial position, results of operations, and cash flows for those periods indicated, and contain adequate disclosure to make the information presented not misleading. Adjustments included herein are of a normal, recurring nature unless otherwise disclosed in the footnotes. The condensed consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended September 30, 2014 included in the Company’s Annual Report on Form 10-K, as filed with the SEC on November 20, 2014. Results of operations for interim periods are not necessarily indicative of the results of operations for a full year. Principles of Consolidation The Company has a currently inactive wholly owned subsidiary, LRAD International Corporation, which the Company formed to conduct international marketing, sales and distribution activities. The condensed consolidated financial statements include the accounts of this subsidiary after elimination of intercompany transactions and accounts. Reclassifications Where necessary, the prior year’s information has been reclassified to conform to the current year presentation.

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU No. 2014-12, Compensation – Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could be Achieved after the Requisite Service Period In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Fair Value Disclosures [Text Block]	4. FAIR VALUE MEASUREMENTS Our financial instruments consist principally of cash equivalents, short and long-term marketable securities, accounts receivable and accounts payable. The fair value of a financial instrument is the amount that would be received in an asset sale or paid to transfer a liability in an orderly transaction between unaffiliated market participants. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial instruments within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is prioritized into three levels (with Level 3 being the lowest) defined as follows: Level 1: Inputs are based on quoted market prices for identical assets or liabilities in active markets at the measurement date. Level 2: Inputs include quoted prices for similar assets or liabilities in active markets and/or quoted prices for identical or similar assets or liabilities in markets that are not active near the measurement date. Level 3: Inputs include management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The inputs are unobservable in the market and significant to the instrument’s valuation. The fair value of our cash equivalents and marketable securities was determined based on Level 1 and Level 2 inputs. We do not have any marketable securities in the Level 3 category. We believe that the recorded values of all our other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. Instruments Measured at Fair Value The following table presents our cash equivalents and marketable securities’ costs, gross unrealized gains and losses, and fair value by major security type recorded as cash and cash equivalents or short-term or long-term marketable securities as of June 30, 2015. At September 30, 2014, we did not have any financial instruments that are required to be measured at fair value on a recurring basis. Unrealized Fair Cash and Cash Short-term Long-term Cost Basis Gains/(Losses) Value Equivalents Securities Securities Level 1: Money Market Funds $ 30,659 $ - $ 30,659 $ 30,659 $ - $ - Level 2: Certificates of deposit 2,996,264 - 2,996,264 - 249,098 2,747,166 Municipal securities 1,457,447 740 1,458,187 225,111 1,182,454 50,622 Corporate bonds 512,467 (1,137 ) 511,330 - 511,330 - Subtotal 4,966,178 (397 ) 4,965,781 225,111 1,942,882 2,797,788 Total $ 4,996,837 $ (397 ) $ 4,996,440 $ 255,770 $ 1,942,882 $ 2,797,788

Note 5 - Inventories

Note 5 - Inventories	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	5. INVENTORIES Inventories consisted of the following: June 30, September 30, 2015 2014 Raw materials $ 4,546,351 $ 3,462,869 Finished goods 723,370 634,246 Work in process 204,549 153,107 Inventories, gross 5,474,270 4,250,222 Reserve for obsolescence (396,772 ) (354,486 ) Inventories, net $ 5,077,498 $ 3,895,736

Note 6 - Property and Equipment

Note 6 - Property and Equipment	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6 . PROPERTY AND EQUIPMENT Property and equipment consisted of the following: June 30, September 30, 2015 2014 Machinery and equipment $ 939,048 $ 903,798 Office furniture and equipment 883,072 720,548 Leasehold improvements 67,913 61,863 Property and equipment, gross 1,890,033 1,686,209 Accumulated depreciation (1,434,646 ) (1,326,125 ) Property and equipment, net $ 455,387 $ 360,084 Nine months ended June 30, 2015 2014 Depreciation expense $ 178,179 $ 143,211

Note 7 - Accrued Liabilities an

Note 7 - Accrued Liabilities and Other Liabilities - Noncurrent	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Current and Noncurrent Accrued Liabilities [Text Block]	7 . ACCRUED LIABILITIES AND OTHER LIABILITIES—NONCURRENT Accrued liabilities consisted of the following: June 30, September 30, 2015 2014 Payroll and related $ 607,751 $ 3,033,223 Warranty reserve 284,038 288,480 Deferred revenue 107,419 567,639 Accrued contract costs 98,517 197,034 Other 1,789 1,600 Total $ 1,099,514 $ 4,087,976 Other liabilities - noncurrent consisted of the following: Deferred rent $ 127,955 $ 131,719 Extended warranty 16,733 25,831 Total $ 144,688 $ 157,550 Payroll and related Payroll and related consists primarily of accrued bonus and related taxes, vacation and outside commissions. Warranty Reserve Changes in the warranty reserve and extended warranty were as follows: Three month ended Nine months ended June 30, June 30, 2015 2014 2015 2014 Beginning balance $ 327,236 $ 260,208 $ 314,311 $ 212,759 Warranty provision (20,954 ) 64,369 19,720 147,887 Warranty settlements (5,511 ) (4,906 ) (33,260 ) (40,975 ) Ending balance $ 300,771 $ 319,671 $ 300,771 $ 319,671 June 30, September 30, June 30, September 30, 2015 2014 2015 2014 Short-term warranty reserve $ 284,038 $ 288,480 $ 284,038 $ 288,480 Long-term warranty reserve 16,733 25,831 16,733 25,831 Total warranty reserve $ 300,771 $ 314,311 $ 300,771 $ 314,311 Deferred Revenue Deferred revenue consists primarily of prepayments from customers in advance of product shipment. Accrued contract costs We have contracted with a third party service provider to administer the required services under the terms of a repair and maintenance agreement with a foreign military. This payment is made in arrears each year.

Note 8 - Income Taxes

Note 8 - Income Taxes	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. INCOME TAXES At June 30, 2015, the Company had federal net operating losses (“NOLs”) and related state NOLs. In accordance with FASB Accounting Standards Codification Topic 740, “Accounting for Income Taxes” (“ASC 740”), the Company recorded a full valuation allowance as it is more likely than not that some or all of the deferred tax assets will not be realized in the future. The Company recorded only the minimum $1,600 tax provision for California during the nine months ended June 30, 2015 as the Company expects its annual effective tax rate to be zero. The income tax expense was reduced by $9,266 to adjust the prior year ended September 30, 2014 to the actual tax returns. In addition to the Company’s federal NOLs, it also made an election under Section 172(b)(1)(H) of the Internal Revenue Code of 1986, as amended per the American Recovery and Reinvestment Tax Act of 2009, to carry back its fiscal year ended September 30, 2008 applicable NOL for a period of 3 years, and carry forward the loss for up to 20 years, which offsets the Alternative Minimum Tax in the current tax year. In addition, the state of California has reinstated the NOL carryover deduction for taxable years beginning on or after January 1, 2012, which are expected to offset most state taxes during the 2015 fiscal year. ASC 740 requires the Company to recognize in its consolidated financial statements uncertainties in tax positions taken that may not be sustained upon examination by the taxing authorities. If interest or penalties are assessed, the Company would recognize these charges as income tax expense. The Company has not recorded any income tax expense or benefit for uncertain tax positions.

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. COMMITMENTS AND CONTINGENCIES Litigation The Company may at times be involved in litigation in the ordinary course of business. The Company will, from time to time, when appropriate in management’s estimation, record adequate reserves in the Company’s consolidated financial statements for pending litigation. Currently, there are no pending material legal proceedings to which the Company is a party or to which any of its property is subject. Bonus Plan The Company has an incentive bonus plan for fiscal year 2015 designed to motivate its employees to achieve the Company’s financial objectives. All of the Company’s employees are entitled to participate in the incentive plan. Target Bonus Amounts (“Target”) vary based on a percentage of the employee’s base salary which range from 10% to 50% of base salary and a bonus payment may be made at three levels, including at 50% of Target, at 100% of Target and at 200% of Target, depending upon the achievement by the Company of specified earnings per share goals. Included in such calculation is the cost of the incentive plan. For purposes of the earnings per share calculation, the number of shares outstanding will be held constant as of October 1, 2014. During the three months ended June 30, 2015 and 2014, the Company accrued $0 and $680,974, respectively, for bonuses and related payroll tax expenses in connection with the bonus plans. During the nine months ended June 30, 2015 and 2014, the Company accrued $323,098 and $1,019,125, respectively, in connection with the bonus plans.

Note 10 - Share-based Compensat

Note 10 - Share-based Compensation	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	10 . SHARE-BASED COMPENSATION Stock Option Plans At June 30, 2015, the Company had two equity incentive plans. The 2005 Equity Incentive Plan (“2005 Equity Plan”) was terminated with respect to new grants in March 2015, but remains in effect for grants issued prior to that time. The 2015 Equity Incentive Plan (“2015 Equity Plan”) was approved by the Company’s Board of Directors on January 19, 2015 and by the Company’s stockholders on March 18, 2015. The 2015 Equity Plan authorizes for issuance as stock options, restricted stock, stock appreciation rights, restricted stock units and performance awards, an aggregate of 5,000,000 new shares of common stock to employees, directors, advisors or consultants. At June 30, 2015, there were options outstanding covering 2,669,035 and 80,000 shares of common stock under the 2005 Equity Plan and 2015 Equity Plan, respectively. Stock Option Activity The following table summarizes information about stock option activity during the nine months ended June 30, 2015: Number Weighted Average of Shares Exercise Price Outstanding October 1, 2014 2,530,535 $ 2.09 Granted 664,500 $ 2.77 Forfeited/expired (51,833 ) $ 2.58 Exercised (394,167 ) $ 1.26 Outstanding June 30, 2015 2,749,035 $ 2.36 Exercisable June 30, 2015 2,208,448 $ 2.36 Options outstanding are exercisable at prices ranging from $0.93 to $3.17 and expire over the period from 2015 to 2023 with an average life of 6.2 years. The aggregate intrinsic value of options outstanding and exercisable at June 30, 2015 was $362,719 and $297,220, respectively. Share-Based Compensation The Company recorded share-based compensation expense and classified it in the condensed consolidated statements of operations as follows: Three months ended Nine months ended June 30, June 30, 2015 2014 2015 2014 Cost of revenue $ 7,024 $ 2,702 $ 18,695 $ 9,169 Selling, general and administrative 119,653 125,407 350,099 419,968 Research and development 26,186 19,427 92,923 59,821 Total $ 152,863 $ 147,536 $ 461,717 $ 488,958 The employee stock options granted in the nine months ended June 30, 2015 and 2014 had a weighted-average estimated fair value of $1.13 per share and $0.85 per share, respectively, using the Black-Scholes option pricing model with the following weighted-average assumptions (annualized percentages): Nine months ended June 30, 2015 2014 Volatility 51.0% - 62.0% 54.0% - 76.0% Risk-free interest rate 1.0% - 1.6% 0.6% - 2.0% Forfeiture rate 10.0% 10.0% Dividend yield 0.0% 0.0% Expected life in years 3.2 - 4.6 3.2 - 6.5 The Company has never paid cash dividends. Expected volatility is based on the historical volatility of the Company’s common stock over the period commensurate with the expected life of the options. The risk-free interest rate is based on rates published by the Federal Reserve Board. The expected life is based on observed and expected time to post-vesting exercise. The expected forfeiture rate is based on past experience and employee retention data. Forfeitures are estimated at the time of the grant and revised in subsequent periods if actual forfeitures differ from those estimates or if the Company updates its estimated forfeiture rate. Such amounts will be recorded as a cumulative adjustment in the period in which the estimate is changed. Since the Company has an NOL carryforward as of June 30, 2015, no excess tax benefit for the tax deductions related to share-based awards was recognized for the nine months ended June 30, 2015 and 2014. As of June 30, 2015, there was approximately $700,000 of total unrecognized compensation cost related to non-vested share-based employee compensation arrangements. The cost is expected to be recognized over a weighted-average period of 1.4 years.

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	1 1. STOCKHOLDERS’ EQUITY Summary The following table summarizes changes in the components of stockholders’ equity during the nine months ended June 30, 2015: Accumulated Additional Other Total Common Stock Paid-in Accumulated Comprehensive Stockholders' Shares Amount Capital Deficit Income/(Loss) Equity Balances, September 30, 2014 33,236,489 $ 332 $ 88,049,125 $ (59,346,666 ) $ - $ 28,702,791 Share-based compensation expense - - 461,717 - - 461,717 Issuance of common stock upon exercise of stock options , net 394,167 4 494,830 - - 494,834 Repurchase of common stock (404,495 ) (4 ) (965,470 ) - - (965,474 ) Other comprehensive income - - - - (397 ) (397 ) Net income - - - 732,198 - 732,198 Balances, June 30, 2015 33,226,161 $ 332 $ 88,040,202 $ (58,614,468 ) $ (397 ) $ 29,425,669 Stock Purchase Warrants At June 30, 2015, the Company had 1,627,945 shares purchasable under outstanding warrants at an exercise price of $2.67, which are exercisable through February 4, 2016. Share Buyback Program In July 2013, the Board of Directors approved a share buyback program under which the Company may repurchase up to $3 million of its outstanding common shares. In November 2013, the Board of Directors authorized the repurchase of an additional $1 million of the Company’s outstanding common shares. In November 2014, the expiration of the buyback program was extended from December 31, 2014 to December 31, 2015. During the nine months ended June 30, 2015, 404,495 shares were repurchased.

Note 12 - Income (Loss) Per Sha

Note 12 - Income (Loss) Per Share	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	12. INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted earnings per share: Three months ended Nine months ended June 30, June 30, 2015 2014 2015 2014 Numerator: (Loss) income available to common stockholders $ (63,947 ) $ 1,942,815 $ 732,198 $ 2,600,304 Denominator: Weighted average common shares outstanding 33,152,714 33,041,142 33,214,242 33,067,515 Assumed exercise of dilutive options and warrants - 144,422 524,374 274,796 Weighted average dilutive shares outstanding 33,152,714 33,185,564 33,738,616 33,342,311 Basic (loss) income per common share $ (0.00 ) $ 0.06 $ 0.02 $ 0.08 Diluted (loss) income per common share $ (0.00 ) $ 0.06 $ 0.02 $ 0.08 Potentially dilutive securities outstanding at period end excluded from the diluted computation as the inclusion would have been antidilutive: Options 1,405,250 1,215,000 1,405,250 1,215,000 Warrants 1,627,945 1,627,945 1,627,945 1,627,945 Total 3,033,195 2,842,945 3,033,195 2,842,945

Note 13 - Major Customers

Note 13 - Major Customers	9 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	13. MAJOR CUSTOMERS For the three months ended June 30, 2015, revenues from three customers accounted for 18%, 13% and 11% of total revenues, respectively, and for the nine months ended June 30, 2015, revenues from three customers accounted for 16%, 13% and 12% of total revenues, respectively, with no other single customer accounting for more than 10% of revenues. At June 30, 2015, accounts receivable from two customers accounted for 36% and 18% of total accounts receivable, respectively, with no other single customer accounting for more than 10% of the accounts receivable balance. For the three months ended June 30, 2014, revenues from one customer accounted for 50% of total revenues, and for the nine months ended June 30, 2014, revenues from one customer accounted for 23% of revenues, with no other single customer accounting for more than 10% of revenues. At June 30, 2014, accounts receivable from two customers accounted for 53% and 16% of total accounts receivable, respectively, with no other single customer accounting for more than 10% of the accounts receivable balance.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	General The Company’s unaudited condensed consolidated financial statements included herein have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In our opinion, the accompanying statements reflect adjustments necessary to present fairly the financial position, results of operations, and cash flows for those periods indicated, and contain adequate disclosure to make the information presented not misleading. Adjustments included herein are of a normal, recurring nature unless otherwise disclosed in the footnotes. The condensed consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended September 30, 2014 included in the Company’s Annual Report on Form 10-K, as filed with the SEC on November 20, 2014. Results of operations for interim periods are not necessarily indicative of the results of operations for a full year.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The Company has a currently inactive wholly owned subsidiary, LRAD International Corporation, which the Company formed to conduct international marketing, sales and distribution activities. The condensed consolidated financial statements include the accounts of this subsidiary after elimination of intercompany transactions and accounts.
Reclassification, Policy [Policy Text Block]	Reclassifications Where necessary, the prior year’s information has been reclassified to conform to the current year presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU No. 2014-12, Compensation – Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could be Achieved after the Requisite Service Period In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory

Note 4 - Fair Value Measureme22

Note 4 - Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2015
Notes Tables
Fair Value Measurements, Nonrecurring [Table Text Block]	Unrealized Fair Cash and Cash Short-term Long-term Cost Basis Gains/(Losses) Value Equivalents Securities Securities Level 1: Money Market Funds $ 30,659 $ - $ 30,659 $ 30,659 $ - $ - Level 2: Certificates of deposit 2,996,264 - 2,996,264 - 249,098 2,747,166 Municipal securities 1,457,447 740 1,458,187 225,111 1,182,454 50,622 Corporate bonds 512,467 (1,137 ) 511,330 - 511,330 - Subtotal 4,966,178 (397 ) 4,965,781 225,111 1,942,882 2,797,788 Total $ 4,996,837 $ (397 ) $ 4,996,440 $ 255,770 $ 1,942,882 $ 2,797,788

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	9 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, September 30, 2015 2014 Raw materials $ 4,546,351 $ 3,462,869 Finished goods 723,370 634,246 Work in process 204,549 153,107 Inventories, gross 5,474,270 4,250,222 Reserve for obsolescence (396,772 ) (354,486 ) Inventories, net $ 5,077,498 $ 3,895,736

Note 6 - Property and Equipme24

Note 6 - Property and Equipment (Tables)	9 Months Ended
	Jun. 30, 2015
Depreciation Expense [Member]
Notes Tables
Property, Plant and Equipment [Table Text Block]	Nine months ended June 30, 2015 2014 Depreciation expense $ 178,179 $ 143,211
Property, Plant and Equipment [Table Text Block]	June 30, September 30, 2015 2014 Machinery and equipment $ 939,048 $ 903,798 Office furniture and equipment 883,072 720,548 Leasehold improvements 67,913 61,863 Property and equipment, gross 1,890,033 1,686,209 Accumulated depreciation (1,434,646 ) (1,326,125 ) Property and equipment, net $ 455,387 $ 360,084

Note 7 - Accrued Liabilities 25

Note 7 - Accrued Liabilities and Other Liabilities - Noncurrent (Tables)	9 Months Ended
	Jun. 30, 2015
Warranty Reserves [Member]
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	June 30, September 30, June 30, September 30, 2015 2014 2015 2014 Short-term warranty reserve $ 284,038 $ 288,480 $ 284,038 $ 288,480 Long-term warranty reserve 16,733 25,831 16,733 25,831 Total warranty reserve $ 300,771 $ 314,311 $ 300,771 $ 314,311
Schedule of Accrued Liabilities [Table Text Block]	June 30, September 30, 2015 2014 Payroll and related $ 607,751 $ 3,033,223 Warranty reserve 284,038 288,480 Deferred revenue 107,419 567,639 Accrued contract costs 98,517 197,034 Other 1,789 1,600 Total $ 1,099,514 $ 4,087,976 Other liabilities - noncurrent consisted of the following: Deferred rent $ 127,955 $ 131,719 Extended warranty 16,733 25,831 Total $ 144,688 $ 157,550
Schedule of Product Warranty Liability [Table Text Block]	Three month ended Nine months ended June 30, June 30, 2015 2014 2015 2014 Beginning balance $ 327,236 $ 260,208 $ 314,311 $ 212,759 Warranty provision (20,954 ) 64,369 19,720 147,887 Warranty settlements (5,511 ) (4,906 ) (33,260 ) (40,975 ) Ending balance $ 300,771 $ 319,671 $ 300,771 $ 319,671

Note 10 - Share-based Compens26

Note 10 - Share-based Compensation (Tables)	9 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Number Weighted Average of Shares Exercise Price Outstanding October 1, 2014 2,530,535 $ 2.09 Granted 664,500 $ 2.77 Forfeited/expired (51,833 ) $ 2.58 Exercised (394,167 ) $ 1.26 Outstanding June 30, 2015 2,749,035 $ 2.36 Exercisable June 30, 2015 2,208,448 $ 2.36
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three months ended Nine months ended June 30, June 30, 2015 2014 2015 2014 Cost of revenue $ 7,024 $ 2,702 $ 18,695 $ 9,169 Selling, general and administrative 119,653 125,407 350,099 419,968 Research and development 26,186 19,427 92,923 59,821 Total $ 152,863 $ 147,536 $ 461,717 $ 488,958
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine months ended June 30, 2015 2014 Volatility 51.0% - 62.0% 54.0% - 76.0% Risk-free interest rate 1.0% - 1.6% 0.6% - 2.0% Forfeiture rate 10.0% 10.0% Dividend yield 0.0% 0.0% Expected life in years 3.2 - 4.6 3.2 - 6.5

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity (Tables)	9 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Accumulated Additional Other Total Common Stock Paid-in Accumulated Comprehensive Stockholders' Shares Amount Capital Deficit Income/(Loss) Equity Balances, September 30, 2014 33,236,489 $ 332 $ 88,049,125 $ (59,346,666 ) $ - $ 28,702,791 Share-based compensation expense - - 461,717 - - 461,717 Issuance of common stock upon exercise of stock options , net 394,167 4 494,830 - - 494,834 Repurchase of common stock (404,495 ) (4 ) (965,470 ) - - (965,474 ) Other comprehensive income - - - - (397 ) (397 ) Net income - - - 732,198 - 732,198 Balances, June 30, 2015 33,226,161 $ 332 $ 88,040,202 $ (58,614,468 ) $ (397 ) $ 29,425,669

Note 12 - Income (Loss) Per S28

Note 12 - Income (Loss) Per Share (Tables)	9 Months Ended
	Jun. 30, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended Nine months ended June 30, June 30, 2015 2014 2015 2014 Numerator: (Loss) income available to common stockholders $ (63,947 ) $ 1,942,815 $ 732,198 $ 2,600,304 Denominator: Weighted average common shares outstanding 33,152,714 33,041,142 33,214,242 33,067,515 Assumed exercise of dilutive options and warrants - 144,422 524,374 274,796 Weighted average dilutive shares outstanding 33,152,714 33,185,564 33,738,616 33,342,311 Basic (loss) income per common share $ (0.00 ) $ 0.06 $ 0.02 $ 0.08 Diluted (loss) income per common share $ (0.00 ) $ 0.06 $ 0.02 $ 0.08 Potentially dilutive securities outstanding at period end excluded from the diluted computation as the inclusion would have been antidilutive: Options 1,405,250 1,215,000 1,405,250 1,215,000 Warrants 1,627,945 1,627,945 1,627,945 1,627,945 Total 3,033,195 2,842,945 3,033,195 2,842,945

Note 4 - Fair Value by Major Se

Note 4 - Fair Value by Major Security Type (Details) - USD ($)	Jun. 30, 2015
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Money Market Funds [Member]
Cost Basis	$ 30,659
Fair Value	30,659
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Certificates of Deposit [Member]
Cost Basis	2,996,264
Fair Value	2,996,264
Short-term Securities	249,098
Long-term Securities	2,747,166
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Cost Basis	1,457,447
Fair Value	225,111
Fair Value	1,458,187
Short-term Securities	1,182,454
Long-term Securities	50,622
Unrealized Gains	740
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Corporate Debt Securities [Member]
Cost Basis	512,467
Fair Value	511,330
Short-term Securities	511,330
Unrealized Gains	(1,137)
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Cost Basis	4,966,178
Fair Value	225,111
Fair Value	4,965,781
Short-term Securities	1,942,882
Long-term Securities	2,797,788
Unrealized Gains	(397)
Fair Value, Measurements, Nonrecurring [Member]
Cost Basis	4,996,837
Fair Value	255,770
Fair Value	4,996,440
Short-term Securities	1,942,882
Long-term Securities	2,797,788
Unrealized Gains	(397)
Short-term Securities	1,942,882
Long-term Securities	$ 2,797,788

Note 5 - Schedule of Inventory

Note 5 - Schedule of Inventory (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Raw materials	$ 4,546,351	$ 3,462,869
Finished goods	723,370	634,246
Work in process	204,549	153,107
Inventories, gross	5,474,270	4,250,222
Reserve for obsolescence	(396,772)	(354,486)
Inventories, net	$ 5,077,498	$ 3,895,736

Note 6 - Property and Equipme31

Note 6 - Property and Equipment (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Machinery and Equipment [Member]
Property and equipment, gross	$ 939,048	$ 903,798
Furniture and Fixtures [Member]
Property and equipment, gross	883,072	720,548
Leasehold Improvements [Member]
Property and equipment, gross	67,913	61,863
Property and equipment, gross	1,890,033	1,686,209
Accumulated depreciation	(1,434,646)	(1,326,125)
Property and equipment, net	$ 455,387	$ 360,084

Note 6 - Property and Equipme32

Note 6 - Property and Equipment, Depreciation Expense (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Depreciation expense	$ 178,179	$ 143,211

Note 7 - Summary of Accrued Lia

Note 7 - Summary of Accrued Liabilities (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Payroll and related	$ 607,751	$ 3,033,223
Warranty reserve	284,038	288,480
Deferred revenue	107,419	567,639
Accrued contract costs	98,517	197,034
Other	1,789	1,600
Total	1,099,514	4,087,976
Other liabilities - noncurrent consisted of the following:
Deferred rent	127,955	131,719
Extended warranty	16,733	25,831
Total	$ 144,688	$ 157,550

Note 7 - Changes in Warranty Re

Note 7 - Changes in Warranty Reserve (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Beginning balance	$ 327,236	$ 260,208	$ 314,311	$ 212,759
Warranty provision	(20,954)	64,369	19,720	147,887
Warranty settlements	(5,511)	(4,906)	(33,260)	(40,975)
Ending balance	$ 300,771	$ 319,671	$ 300,771	$ 319,671

Note 7 - Short-term and Long-te

Note 7 - Short-term and Long-term Warranty Reserves (Details) - USD ($)	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
Short-term warranty reserve	$ 284,038		$ 288,480
Long-term warranty reserve	16,733		25,831
Total warranty reserve	$ 300,771	$ 327,236	$ 314,311	$ 319,671	$ 260,208	$ 212,759

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Income Tax Expense (Benefit)			$ 1,600
Adjustment to the Provision for Prior Year Taxes [Member]
Income Tax Expense (Benefit)			(9,266)
Income Tax Expense (Benefit)	$ (9,266)	$ 552	$ (7,666)	$ 2,252
Effective Income Tax Rate Reconciliation, Percent			0.00%

Note 9 - Commitments and Cont37

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Level 1 [Member]
Payment of Bonus as Percentage			50.00%
Level 2 [Member]
Payment of Bonus as Percentage			100.00%
Level 3 [Member]
Payment of Bonus as Percentage			200.00%
Bonuses and Related Payroll Tax Expense [Member]
Increase (Decrease) in Other Employee Related Liabilities	$ 0	$ 680,974	$ 323,098	$ 1,019,125
Target Bonus Amounts of Percentage of Employee Base Salary, Minimum	10.00%		10.00%
Target Bonus Amounts of Percentage of Employee Base Salary Maximum	50.00%		50.00%

Note 10 - Share-based Compens38

Note 10 - Share-based Compensation (Details Textual) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 18, 2015	Sep. 30, 2014
2015 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			5,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	80,000
The 2005 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	2,669,035
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 0.93
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 3.17
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	2,749,035			2,530,535
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 2.36			$ 2.09
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	6 years 73 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 362,719
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 297,220
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 1.13	$ 0.85
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 146 days

Note 10 - Share-based Compens39

Note 10 - Share-based Compensation (Details) - Jun. 30, 2015 - $ / shares	Total
Outstanding October 1, 2014 (in shares)	2,530,535
Outstanding October 1, 2014 (in dollars per share)	$ 2.09
Granted (in shares)	664,500
Granted (in dollars per share)	$ 2.77
Forfeited/expired (in shares)	(51,833)
Forfeited/expired (in dollars per share)	$ 2.58
Exercised (in shares)	(394,167)
Exercised (in dollars per share)	$ 1.26
Outstanding June 30, 2015 (in shares)	2,749,035
Outstanding June 30, 2015 (in dollars per share)	$ 2.36
Exercisable June 30, 2015 (in shares)	2,208,448
Exercisable June 30, 2015 (in dollars per share)	$ 2.36

Note 10 - Summary of Share-base

Note 10 - Summary of Share-based Compensation Expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cost of Sales [Member]
Share-based compensation expense	$ 7,024	$ 2,702	$ 18,695	$ 9,169
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	119,653	125,407	350,099	419,968
Research and Development Expense [Member]
Share-based compensation expense	26,186	19,427	92,923	59,821
Share-based compensation expense	$ 152,863	$ 147,536	$ 461,717	$ 488,958

Note 10 - Weighted-average Assu

Note 10 - Weighted-average Assumptions (Details)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Minimum [Member]
Volatility	51.00%	54.00%
Risk-free interest rate	1.00%	0.60%
Expected life in years	3 years 73 days	3 years 73 days
Maximum [Member]
Volatility	62.00%	76.00%
Risk-free interest rate	1.60%	2.00%
Expected life in years	4 years 219 days	6 years 182 days
Forfeiture rate	10.00%	10.00%
Dividend yield	0.00%	0.00%

Note 11 - Stockholders' Equit42

Note 11 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Jun. 30, 2015	Nov. 30, 2013	Jul. 31, 2013
Share Buyback Program [Member]
Stock Repurchase Program, Authorized Amount		$ 1	$ 3
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	Feb. 4, 2016
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,627,945
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 2.67
Stock Repurchased and Retired During Period, Shares	404,495

Note 11 - Summary of Changes in

Note 11 - Summary of Changes in Stockholders' Equity (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2015
Common Stock [Member]
Balances (in shares)		33,236,489
Balances		$ 332
Issuance of common stock upon exercise of stock options , net (in shares)		394,167
Issuance of common stock upon exercise of stock options , net		$ 4
Repurchase of common stock (in shares)		(404,495)
Repurchase of common stock		$ (4)
Balances (in shares)	33,226,161	33,226,161	33,226,161
Balances	$ 332	$ 332	$ 332
Additional Paid-in Capital [Member]
Balances		88,049,125
Share-based compensation expense		461,717
Issuance of common stock upon exercise of stock options , net		494,830
Repurchase of common stock		(965,470)
Balances	88,040,202	88,040,202	88,040,202
Retained Earnings [Member]
Balances		(59,346,666)
Net income		732,198
Balances	(58,614,468)	(58,614,468)	(58,614,468)
AOCI Attributable to Parent [Member]
Other comprehensive income		(397)
Balances	(397)	(397)	(397)
Balances		28,702,791
Share-based compensation expense		$ 461,717
Issuance of common stock upon exercise of stock options , net (in shares)		394,167
Issuance of common stock upon exercise of stock options , net		$ 494,834
Repurchase of common stock (in shares)		(404,495)
Repurchase of common stock		$ (965,474)
Other comprehensive income	701	(397)	397
Net income	(63,947)	732,198	732,198
Balances	$ 29,425,669	$ 29,425,669	$ 29,425,669

Note 12 - Basic and Diluted Ear

Note 12 - Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity Option [Member]
Potentially dilutive securities outstanding at period end excluded from the diluted computation as the inclusion would have been antidilutive:
Options (in shares)	1,405,250	1,215,000	1,405,250	1,215,000
Warrant [Member]
Potentially dilutive securities outstanding at period end excluded from the diluted computation as the inclusion would have been antidilutive:
Options (in shares)	1,627,945	1,627,945	1,627,945	1,627,945
(Loss) income available to common stockholders	$ (63,947)	$ 1,942,815	$ 732,198	$ 2,600,304
Weighted average common shares outstanding (in shares)	33,152,714	33,041,142	33,214,242	33,067,515
Assumed exercise of dilutive options and warrants (in shares)		144,422	524,374	274,796
Weighted average dilutive shares outstanding (in shares)	33,152,714	33,185,564	33,738,616	33,342,311
Basic (loss) income per common share (in dollars per share)	$ 0	$ 0.06	$ 0.02	$ 0.08
Diluted (loss) income per common share (in dollars per share)	$ 0	$ 0.06	$ 0.02	$ 0.08
Options (in shares)	3,033,195	2,842,945	3,033,195	2,842,945

Note 13 - Major Customers (Deta

Note 13 - Major Customers (Details Textual) - Customer Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Sales Revenue, Net [Member] | Customer 1 [Member]
Concentration Risk, Percentage	18.00%	50.00%	16.00%	23.00%
Sales Revenue, Net [Member] | Customer 2 [Member]
Concentration Risk, Percentage	13.00%		13.00%
Sales Revenue, Net [Member] | Customer 3 [Member]
Concentration Risk, Percentage	11.00%		12.00%
Sales Revenue, Net [Member]
Number of Customers Attaining Specified Percentage of Revenue	3	1	3	1
Accounts Receivable [Member] | Customer 1 [Member]
Concentration Risk, Percentage			36.00%	53.00%
Accounts Receivable [Member] | Customer 2 [Member]
Concentration Risk, Percentage			18.00%	16.00%
Accounts Receivable [Member]
Number of Customers Attaining Specified Percentage of Accounts Receivable			2	2