Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Sep. 30, 2016
Assets    
Cash and cash equivalents $ 3,972,539 $ 770,895
Trade Receivables, net 10,636,925 7,602,764
Inventories, net 34,501,801 11,053,085
Prepaid expenses and other current assets 6,435,891 5,792,018
Total current assets 55,547,156 25,218,762
Property and equipment, net 22,817,860 14,014,501
Deposits and other assets 77,520 19,765
Deferred taxes 9,000,010 12,524,582
Intangible assets, net 4,205,314 1,689,790
Goodwill 36,946,735 0
Total assets 128,594,595 53,467,400
Liabilities:    
Accounts payable 8,224,057 5,402,654
Accrued liabilities 8,986,734 6,396,772
Income taxes payable 351,689 0
Current portion of long-term debt 48,877,536 2,011,880
Total current liabilities 66,440,016 13,811,306
Long-term debt, net of current portion 26,570,271 13,460,282
Note payable, related party 2,000,000 2,000,000
Total liabilities 95,010,287 29,271,588
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,088,186 share issued and 1,991,879 shares outstanding at September 30, 2017; 2,819,327 shares issued and 2,789,205 shares outstanding at September 30, 2016 2,088 2,819
Paid in capital 63,157,178 59,568,471
Treasury stock 96,307 shares as of September 30, 2017 and 30,122 shares as of September 30, 2016 (999,584) (300,027)
Accumulated deficit (28,575,716) (35,075,579)
Total stockholders' equity 33,584,308 24,195,812
Total liabilities and stockholders'equity 128,594,595 53,467,400
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 214 0
Series E Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 128 $ 128