| 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 |
|
|