Quarterly report pursuant to Section 13 or 15(d)

3. Balance Sheet Information (Tables)

v3.5.0.2
3. Balance Sheet Information (Tables)
9 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance sheet information - Receivables
    June 30,     September 30,  
    2016     2015  
Receivables, current, net:                
Accounts receivable, current   $ 9,433,871     $ 9,007,127  
Less: Allowance for doubtful accounts     (793,208 )     (763,135 )
    $ 8,640,663     $ 8,243,992  
Receivables, long term, net:                
Accounts receivable, long term   $ 344,572     $ 344,572  
Less: Allowance for doubtful accounts     (344,572 )     (344,572 )
    $     $  
Total receivables, net:                
Gross receivables   $ 9,778,443     $ 9,351,699  
Less: Allowance for doubtful accounts     (1,137,780 )     (1,107,707 )
    $ 8,640,663     $ 8,243,992  

 

Components of allowance for doubtful accounts
    June 30,     September 30,  
    2016     2015  
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     1,225       1,715  
Allowance for other trade receivables     72,938       42,375  
    $ 1,137,780     $ 1,107,707  

 

Schedule of inventory
    June 30,     September 30,  
    2016     2015  
Inventory                
Raw materials   $ 6,543,795     $ 6,715,298  
Work in progress     900,054       836,837  
Finished goods     4,425,684       6,185,741  
      11,869,533       13,737,876  
Less: Obsolescence reserve     (1,105,810 )     (402,278 )
    $ 10,763,723     $ 13,335,598  

 

Schedule of property and equipment
    June 30,     September 30,  
    2016     2015  
Property and equipment, net:                
Land and improvements   $     $ 687,999  
Building and improvements     5,699,489       4,202,000  
Transportation equipment     77,419       77,419  
Machinery and equipment     9,483,125       7,676,561  
Furnishings and fixtures     192,757       211,701  
Office, computer equipment and other     216,793       244,674  
      15,669,583       13,100,354  
Less: Accumulated depreciation     (2,018,437 )     (618,453 )
    $ 13,651,146     $ 12,481,901  

 

Schedule of intangible assets
    June 30,     September 30,  
    2016     2015  
Intangible assets, net:                
Domain name and marketing related intangibles   $ 18,957     $ 18,957  
Website and technology related intangibles     25,300       25,300  
Purchased software     1,500,000       1,500,000  
      1,544,257       1,544,257  
Less: Accumulated amortization     (201,119 )     (27,327 )
    $ 1,343,138     $ 1,516,930  

 

Schedule of accrued liabilities
    June 30,     September 30,  
    2016     2015  
Accrued liabilities:                
Accrued payroll and bonuses   $ 681,110     $ 731,782  
Accrued software costs     1,500,000       1,500,000  
Accrued expenses - other     1,814,192       1,429,167  
    $ 3,995,302     $ 3,660,949