Quarterly report pursuant to Section 13 or 15(d)

3. Balance Sheet Information (Tables)

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3. Balance Sheet Information (Tables)
6 Months Ended
Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance sheet information - Receivables

Balance sheet information is as follows:

 

    March 31,     September 30,  
    2016     2015  
                 
Receivables, current, net:                
Accounts receivable, current   $ 10,149,401     $ 9,007,127  
Less: Allowance for doubtful accounts     (760,809 )     (763,135 )
    $ 9,388,592     $ 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   $ 10,493,973     $ 9,351,699  
Less: Allowance for doubtful accounts     (1,105,381 )     (1,107,707 )
    $ 9,388,592     $ 8,243,992  

 

Components of allowance for doubtful accounts
    March 31,     September 30,  
    2016     2015  
                 
Components of allowance for doubtful accounts are as follows:                
                 
Allowance for dilution and fees on amounts due from billing aggregators   $ 1,063,618     $ 1,063,617  
Allowance for customer refunds     1,508       1,715  
Allowance for other trade receivables     40,255       42,375  
    $ 1,105,381     $ 1,107,707  

 

Schedule of inventory
    March 31,     September 30,  
    2016     2015  
                 
Inventory                
Raw materials   $ 6,801,295     $ 6,715,298  
Work in progress     768,179       836,837  
Finished goods     5,219,555       6,185,741  
      12,789,029       13,737,876  
Less: Obsolescence reserve     (334,028 )     (402,278 )
    $ 12,455,001     $ 13,335,598  

 

Schedule of property and equipment
    March 31,     September 30,  
    2016     2015  
                 
Property and equipment, net:                
Land and improvements   $ 688,000     $ 687,999  
Building and improvements     4,202,000       4,202,000  
Transportation equipment     77,419       77,419  
Machinery and equipment     7,764,360       7,676,561  
Furnishings and fixtures     211,700       211,701  
Office, computer equipment and other     250,079       244,674  
      13,193,558       13,100,354  
Less: Accumulated depreciation     (1,533,610 )     (618,453 )
    $ 11,659,948     $ 12,481,901  

 

Schedule of intangible assets
    March 31,     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     (143,188 )     (27,327 )
    $ 1,401,069     $ 1,516,930  

 

Schedule of accrued liabilities
    March 31,     September 30,  
    2016     2015  
                 
Accrued payroll and bonuses   $ 713,778     $ 731,782  
Deferred revenue     243,082       243,082  
Accrued software costs     1,500,000       1,500,000  
Accrued expenses - other     879,567       1,186,085  
    $ 3,336,427     $ 3,660,949