Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2017
Sep. 30, 2017
Assets    
Cash and cash equivalents $ 1,783,041 $ 3,972,539
Trade receivables, net 7,884,255 10,636,925
Inventories 43,675,593 34,501,801
Prepaid expenses and other current assets 3,242,516 6,435,891
Total current assets 56,585,405 55,547,156
Property and equipment, net 27,479,364 22,817,860
Restricted cash 1,285,747 0
Deposits and other assets 275,734 77,520
Deferred taxes 5,589,369 9,000,010
Intangible assets, net 3,993,671 4,205,314
Goodwill 36,946,735 36,946,735
Total assets 132,156,025 128,594,595
Liabilities:    
Accounts payable 6,607,702 8,224,057
Accrued liabilities 15,314,194 8,986,734
Income tax payable 350,545 351,689
Current portion of long-term debt 42,994,795 48,877,536
Total current liabilities 65,267,236 66,440,016
Long-term debt, net of current portion 29,601,254 26,570,271
Note payable, related party 2,000,000 2,000,000
Total Liabilities 96,868,490 95,010,287
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,088,186 shares issued and 1,972,136 shares outstanding at December 31, 2017; 2,088,186 shares issued and 1,991,879 shares outstanding at September 30, 2017 2,088 2,088
Paid in capital 63,236,534 63,157,178
Accumulated deficit (26,698,453) (28,575,716)
Total stockholders' equity 35,287,535 33,584,308
Total liabilities and stockholders' equity 132,156,025 128,594,595
Common Stock    
Stockholders' equity:    
Treasury stock (1,248,976) (999,584)
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 214 214
Series E Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 128 128
Treasury stock $ (4,000) $ 0