Annual report pursuant to Section 13 and 15(d)

6. Balance Sheet Detail Information

v3.8.0.1
6. Balance Sheet Detail Information
12 Months Ended
Sep. 30, 2017
Disclosure Text Block Supplement [Abstract]  
Balance Sheet Detail Information

Balance Sheet information is as follows:

 

    September 30,     September 30,  
    2017     2016  
Trade receivables, current, net:                
Accounts receivable, current   $ 11,383,576     $ 8,419,626  
Less: Reserve for doubtful accounts     (746,651 )     (816,862 )
    $ 10,636,925     $ 7,602,764  
Trade receivables, long term, net:                
Accounts receivable, long term   $ 344,572     $ 344,572  
Less: Reserve for doubtful accounts     (344,572 )     (344,572 )
    $     $  
Total trade receivables, net:                
Gross trade receivables   $ 11,728,148     $ 8,764,198  
Less: Reserve for doubtful accounts     (1,091,223 )     (1,161,434 )
    $ 10,636,925     $ 7,602,764  
Components of reserve for doubtful accounts are as follows:                
                 
Reserve for dilution and fees on amounts due from billing aggregators   $ 1,063,617     $ 1,063,617  
Reserve for customer refunds     1,042       1,230  
Reserve for trade receivables     26,564       96,587  
    $ 1,091,223     $ 1,161,434  
Inventory                
Raw materials   $ 7,709,969     $ 6,664,286  
Work in progress     987,689       773,238  
Finished goods     3,922,362       4,721,371  
Merchandise     23,230,350        
      35,850,370       12,158,895  
Less: Inventory reserves     (1,348,569 )     (1,105,810 )
    $ 34,501,801     $ 11,053,085  
Property and equipment, net:                
Building and improvements   $ 8,090,797     $ 6,780,959  
Transportation equipment     104,853       77,419  
Machinery and equipment     17,402,064       10,211,565  
Furnishings and fixtures     4,360,820       192,701  
Office, computer equipment and other     224,822       216,793  
      30,183,356       17,479,437  
Less: Accumulated depreciation     (7,365,496 )     (3,464,936 )
    $ 22,817,860     $ 14,014,501  

  

                 
Intangible assets, net:                
Domain name and marketing related intangibles   $ 18,957     $ 18,957  
Lease intangibles     1,033,412        
Customer relationship intangibles     2,689,039       439,039  
Purchased software     1,595,977       1,500,000  
      5,337,385       1,957,996  
Less: Accumulated amortization     (1,132,071 )     (268,206 )
    $ 4,205,314     $ 1,689,790  
Accrued liabilities:                
Accrued payroll and bonuses   $ 2,602,695     $ 922,299  
Accrued software costs           584,500  
Accrued fee due Kingston Diversified Holdings LLC           2,800,000  
Accrued sales and property taxes     824,206       270,183  
Deferred rent     502,617       4,092  
Accrued gift card liability     1,479,622        
Accrued interest payable     464,184        
Accrued bank overdraft     1,367,539        
Customer deposits     182,052       169,965  
Accrued expenses - other     1,563,819       1,645,733  
    $ 8,986,734     $ 6,396,772