Quarterly report pursuant to Section 13 or 15(d)

5. Notes Payable (Tables)

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5. Notes Payable (Tables)
 3 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Fixed coverage ratio table
  Level     Fixed Charge Coverage Ratio     Base Rate Revolver Loan       LIBOR Revolver Loans       Base Rate Term Loans       LIBOR Term Loans  
  I     >2.00 to 1.00     0.50%       1.50%       0.75%       1.75%  
  II     <2.00 to 1.00 but >1.50 to 1.00     0.75%       1.75%       1.00%       2.00%  
  III     < 1.50 to 1.00 but >1.20 to 1.00     1.00%       2.00%       1.25%       2.25%  
  IV     < 1.2 to 1.00     1.25%       2.25%       1.50%       2.5%  
Notes payable of Modern Everyday, Inc.
    December 31,     September 30,  
    2015     2015  
Base Rate Revolver Loan- interest rate based on prime rate adjusted for fixed coverage ratio (table above), maturity date July 6, 2020   $ 7,769,494     $ 7,225,745  
Base Rate Term Loan- interest rate based on prime rate adjusted for fixed coverage ratio (table above) fixed coverage ratio, maturity date July 6, 2020     7,389,602       7,628,438  
Note payable to individual, payable on demand, interest at 10.0% per annum, unsecured     93,663       92,441  
Acquisition note payable, $200,000 due February 28, 2015 and $400,000 due February 28, 2016, non-interest bearing with interest imputed at  2.87% per annum     398,094       395,251  
Credit line due January 1, 2024, with interest rate of 2.75%     665,956       669,351  
Note payable for purchase of noncontrolling interest, interest at 2% per annum; due February 1, 2016. This note was paid on January 20, 2016     500,889       –  
Total Debt     16,817,698       16,011,226  
Current portion     1,947,990       1,443,036  
Long-term portion   $ 14,869,708     $ 14,568,190