v3.19.2

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2019	Sep. 30, 2018
Current Assets:
Cash and cash equivalents	$ 537,967	$ 674,045
Accounts receivable-trade, net of allowance for doubtful accounts of $4,000 and $4,000	391,186	402,760
Inventories, net	496,027	377,603
Prepaid expenses and other current assets	33,876	54,416
Total current assets	1,459,056	1,508,824
Property, plant and equipment, net	283,561	261,474
Total assets	1,742,617	1,770,298
Current liabilities:
Accounts payable	107,448	116,938
Customer deposits	52,373	35,278
Accrued payroll and related expenses	43,960	38,711
Accrued compensated absences	87,075	90,449
Notes payable - short term	52,846	51,101
Other current liabilities	17,498	28,838
Total current liabilities	361,200	361,315
Notes payable - long term	179,198	219,071
Total other liabilities	179,198	219,071
Total liabilities	540,398	580,386
Stockholders' Equity:
Common stock, $.10 par value Authorized 5,000,000 shares, Issued 4,324,140 shares in 2019 and 2018, Outstanding 2,579,238 shares in 2019 and 2,579,680 in 2018	432,414	432,414
Additional paid-in capital	3,248,706	3,248,706
Accumulated deficit	(783,911)	(796,444)
Common stock in treasury, at cost 1,744,902 shares in 2019 and 1,744,460 shares in 2018	(1,694,990)	(1,694,764)
Total stockholders' equity	1,202,219	1,189,912
Total liabilities and stockholders' equity	$ 1,742,617	$ 1,770,298

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

MICROWAVE FILTER CO INC /NY/ 10-Q