4. Balance Sheet Detail Information (Tables)
|
9 Months Ended |
Jun. 30, 2017 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Schedule of trade receivables |
| |
|
June 30, |
|
|
September 30, |
|
| |
|
2017 |
|
|
2016 |
|
| |
|
(Restated) |
|
|
|
|
| Trade receivables, current, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, current |
|
$ |
11,441,815 |
|
|
$ |
8,419,626 |
|
| Less: Reserve for doubtful
accounts |
|
|
(776,997 |
) |
|
|
(816,862 |
) |
| |
|
$ |
10,664,818 |
|
|
$ |
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 |
|
$ |
11,786,387 |
|
|
$ |
8,764,198 |
|
| Less: Reserve for doubtful
accounts |
|
|
(1,121,569 |
) |
|
|
(1,161,434 |
) |
| |
|
$ |
10,664,818 |
|
|
$ |
7,602,764 |
|
|
| Components of allowance for doubtful accounts |
| |
|
|
June 30, |
|
|
|
September 30, |
|
| |
|
|
2017 |
|
|
|
2016 |
|
| 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 other trade receivables |
|
|
56,910 |
|
|
|
96,587 |
|
| |
|
$ |
1,121,569 |
|
|
$ |
1,161,434 |
|
|
| Schedule of inventory |
| |
|
|
June 30, |
|
|
|
September 30, |
|
| |
|
|
2017 |
|
|
|
2016 |
|
| Inventory |
|
|
|
|
|
|
|
|
| Raw materials |
|
$ |
7,708,749 |
|
|
$ |
6,664,286 |
|
| Work in progress |
|
|
796,707 |
|
|
|
773,238 |
|
| Finished goods, includes merchandise |
|
|
26,967,407 |
|
|
|
4,721,371 |
|
| |
|
|
35,472,863 |
|
|
|
12,158,895 |
|
| Less: Inventory reserves |
|
|
(1,726,761 |
) |
|
|
(1,105,810 |
) |
| |
|
$ |
33,746,102 |
|
|
$ |
11,053,085 |
|
|
| Schedule of property and equipment |
| |
|
|
June 30, |
|
|
|
September 30, |
|
| |
|
|
2017 |
|
|
|
2016 |
|
| Property and equipment, net: |
|
|
|
|
|
|
|
|
| Building and improvements |
|
$ |
7,515,236 |
|
|
$ |
6,780,959 |
|
| Transportation equipment |
|
|
77,419 |
|
|
|
77,419 |
|
| Machinery and equipment |
|
|
17,317,941 |
|
|
|
10,211,565 |
|
| Furnishings and fixtures |
|
|
1,951,439 |
|
|
|
192,701 |
|
| Office, computer equipment and other |
|
|
214,807 |
|
|
|
216,793 |
|
| |
|
|
27,076,842 |
|
|
|
17,479,437 |
|
| Less: Accumulated depreciation |
|
|
(5,995,002 |
) |
|
|
(3,464,936 |
) |
| |
|
$ |
21,081,840 |
|
|
$ |
14,014,501 |
|
|
| Schedule of intangible assets |
| |
|
|
June 30, |
|
|
|
September 30, |
|
| |
|
|
2017 |
|
|
|
2016 |
|
| Intangible assets, net: |
|
|
|
|
|
|
|
|
| Domain name and marketing related intangibles |
|
$ |
18,957 |
|
|
$ |
18,957 |
|
| Website and software related intangibles |
|
|
1,525,308 |
|
|
|
– |
|
| Customer Relationships intangible |
|
|
439,039 |
|
|
|
439,039 |
|
| Purchased software |
|
|
1,500,000 |
|
|
|
1,500,000 |
|
| |
|
|
3,483,304 |
|
|
|
1,957,996 |
|
| Less: Accumulated amortization |
|
|
(703,953 |
) |
|
|
(268,206 |
) |
| |
|
$ |
2,779,351 |
|
|
$ |
1,689,790 |
|
|
| Schedule of accrued liabilities |
| |
|
|
June 30, |
|
|
|
September 30, |
|
| |
|
|
2017 |
|
|
|
2016 |
|
| Accrued liabilities: |
|
|
|
|
|
|
|
|
| Accrued payroll and bonuses |
|
$ |
1,078,686 |
|
|
$ |
922,299 |
|
| Accrued software costs |
|
|
– |
|
|
|
584,500 |
|
| Accrued fee due Kingston Diversified Holdings LLC |
|
|
– |
|
|
|
2,800,000 |
|
| Accrued sales and property taxes |
|
|
597,555 |
|
|
|
270,183 |
|
| Deferred rent |
|
|
440,684 |
|
|
|
4,092 |
|
| Accrued gift card liability |
|
|
289,520 |
|
|
|
– |
|
| Accrued interest payable |
|
|
467,506 |
|
|
|
– |
|
| Accrued uncashed checks |
|
|
815,338 |
|
|
|
– |
|
| Customer deposits |
|
|
303,568 |
|
|
|
169,965 |
|
| Accrued expenses - other |
|
|
1,101,115 |
|
|
|
1,645,733 |
|
| |
|
$ |
5,093,972 |
|
|
$ |
6,396,772 |
|
|