Annual report pursuant to Section 13 and 15(d)

3. Balance Sheet Detail Information

v3.6.0.2
3. Balance Sheet Detail Information
12 Months Ended
Sep. 30, 2016
Disclosure Text Block Supplement [Abstract]  
Balance Sheet Detail Information

Balance Sheet information is as follows:

 

    September 30,     September 30,  
    2016     2015  
Trade and other receivables, current, net:                
Accounts receivable, current   $ 9,151,663     $ 9,007,127  
Less: Allowance for doubtful accounts     (816,862 )     (763,135 )
    $ 8,334,801     $ 8,243,992  
Trade and other receivables, long term, net:                
Accounts receivable, long term   $ 344,572     $ 344,572  
Less: Allowance for doubtful accounts     (344,572 )     (344,572 )
    $     $  
Total trade and other receivables, net:                
Gross trade and other receivables   $ 9,496,235     $ 9,351,699  
Less: Allowance for doubtful accounts     (1,161,434 )     (1,107,707 )
    $ 8,334,801     $ 8,243,992  
Components of allowance for doubtful accounts are as follows:                
                 
Allowance for dilution and fees on amounts due from billing aggregators   $ 1,063,617     $ 1,063,617  
Allowance for customer refunds     1,230       1,715  
Allowance for other trade receivables     96,587       42,375  
    $ 1,161,434     $ 1,107,707  
Inventory                
Raw materials   $ 6,664,286     $ 6,715,298  
Work in progress     773,238       836,837  
Finished goods     4,721,371       6,185,741  
      12,158,895       13,737,876  
Less: Obsolescence reserve     (1,105,810 )     (402,278 )
    $ 11,053,085     $ 13,335,598  
Property and equipment, net:                
Land and improvements   $     $ 687,999  
Building and improvements     6,780,959       4,202,000  
Transportation equipment     77,419       77,419  
Machinery and equipment     10,211,565       7,676,561  
Furnishings and fixtures     192,701       211,701  
Office, computer equipment and other     216,793       244,674  
      17,479,437       13,100,354  
Less: Accumulated depreciation     (3,464,936 )     (618,453 )
    $ 14,014,501     $ 12,481,901  
                 
Intangible assets, net:                
Domain name and marketing related intangibles   $ 18,957     $ 18,957  
Website and technology related intangibles           25,300  
Customer Relationships intangible     402,452        
Purchased software     1,500,000       1,500,000  
      1,921,409       1,544,257  
Less: Accumulated amortization     (231,619 )     (27,327 )
    $ 1,689,790     $ 1,516,930  
Accrued liabilities:                
Accrued payroll and bonuses   $ 685,410     $ 731,782  
Accrued software costs     584,500       1,500,000  
Accrued fee due Kingston Diversified Holdings LLC     2,800,000        
Accrued expenses - other     2,326,862       1,429,167  
    $ 6,396,772     $ 3,660,949