Quarterly report pursuant to Section 13 or 15(d)

3. Balance Sheet Detail Information (Tables)

v3.7.0.1
3. Balance Sheet Detail Information (Tables)
6 Months Ended
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of trade and other receivables

    March 31,     September 30,  
    2017     2016  
Trade and other receivables, current, net:                
Accounts receivable, current   $ 10,355,851     $ 9,151,663  
Less: Reserve for doubtful accounts     (855,296 )     (816,862 )
    $ 9,500,555     $ 8,334,801  
Trade and other receivables , long term, net:                
Accounts receivable, long term   $ 344,572     $ 344,572  
Less: Reserve for doubtful accounts     (344,572 )     (344,572 )
    $     $  
Total trade and other receivables, net:                
Gross trade and other receivables   $ 10,700,423     $ 9,496,235  
Less: Reserve for doubtful accounts     (1,199,868 )     (1,161,434 )

 

 

Components of allowance for doubtful accounts

    March 31,     September 30,  
    2017     2016  
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     1,073       1,230  
Reserve for other trade receivables     135,176       96,587  
    $ 1,199,866     $ 1,161,434  

 

 

Schedule of inventory

    March 31,     September 30,  
    2017     2016  
Inventory                
Raw materials   $ 7,048,743     $ 6,664,286  
Work in progress     602,353       773,238  
Finished goods, includes merchandise     28,655,923       4,721,371  
      36,307,019       12,158,895  
Less: Inventory reserves     (2,653,988 )     (1,105,810 )
    $ 33,653,031     $ 11,053,085  

 

 

Schedule of property and equipment

    March 31,     September 30,  
    2017     2016  
Property and equipment, net:                
Land and improvements   $     $  
Building and improvements     7,535,395       6,780,959  
Transportation equipment     77,419       77,419  
Machinery and equipment     16,902,361       10,211,565  
Furnishings and fixtures     1,936,723       192,701  
Office, computer equipment and other     212,147       216,793  
      26,664,045       17,479,437  
Less: Accumulated depreciation     (5,165,679 )     (3,464,936 )
    $ 21,498,366     $ 14,014,501  

 

 

Schedule of intangible assets

    March 31,     September 30,  
    2017     2016  
Intangible assets, net:                
Domain name and marketing related intangibles   $ 18,957     $ 18,957  
Website and software related intangibles     1,497,737        
Customer Relationships intangible     439,039       439,039  
Purchased software     1,500,000       1,500,000  
      3,455,733       1,957,996  
Less: Accumulated amortization     (590,708 )     (268,206 )
    $ 2,865,025     $ 1,689,790  

 

 

Schedule of accrued liabilities

    March 31,     September 30,  
    2017     2016  
Accrued liabilities:                
Accrued payroll and bonuses   $ 867,575     $ 685,410  
Accrued software costs           584,500  
Accrued fee due Kingston Diversified Holdings LLC           2,800,000  
Accrued expenses - other     4,302,084       2,326,862  
    $ 5,169,659     $ 6,396,772