| Balance Sheet Detail Information |
| |
|
March 31, |
|
|
September 30, |
|
| |
|
2017 |
|
|
2016 |
|
| |
|
(Restated) |
|
|
|
|
|
| Trade receivables, current, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, current |
|
$ |
9,552,980 |
|
|
$ |
8,419,626 |
|
| Less: Reserve for doubtful
accounts |
|
|
(855,296 |
) |
|
|
(816,862 |
) |
| |
|
$ |
8,697,684 |
|
|
$ |
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 and other receivables |
|
$ |
9,897,552 |
|
|
$ |
8,764,198 |
|
| Less: Reserve for doubtful
accounts |
|
|
(1,199,868 |
) |
|
|
(1,161,434 |
) |
| |
|
$ |
8,697,684 |
|
|
$ |
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 |
|
|
1,073 |
|
|
|
1,230 |
|
| Reserve for other trade
receivables |
|
|
135,178 |
|
|
|
96,587 |
|
| |
|
$ |
1,199,868 |
|
|
$ |
1,161,434 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
|