2. Summary of Significant Accounting Policies (Details Narrative) - USD ($) |
3 Months Ended | 8 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2017 |
Jun. 30, 2016 |
Sep. 30, 2016 |
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Trade receivables factored | $ 27,373,263 | $ 26,835,303 | ||||
Allowance for doubtful accounts | $ 1,121,569 | $ 1,121,569 | 1,121,569 | $ 1,161,434 | ||
Inventory reserves | 1,726,761 | 1,726,761 | 1,726,761 | 1,105,810 | ||
Depreciation expense | 976,296 | $ 504,063 | 2,677,039 | 1,449,221 | ||
Amortization expense | 113,245 | 57,930 | 435,747 | 173,796 | ||
Other income | 12,652 | $ 326,708 | 197,814 | $ 694,277 | ||
Derivative instruments | 0 | 0 | 0 | 0 | ||
Breakage Income [Member] | ||||||
Other income | 25,092 | 98,183 | ||||
Manufacturing Segment [Member] | ||||||
Inventory reserves | 91,940 | 91,940 | 91,940 | 91,940 | ||
Retail and Online Segment [Member] | ||||||
Inventory reserves | $ 1,634,821 | $ 1,634,821 | $ 1,634,821 | $ 1,013,870 | ||
Domain Name and Marketing [Member] | ||||||
Finite lived useful lives | 3 to 20 yars | |||||
Customer Relationships [Member] | ||||||
Finite lived useful lives | 15 years | |||||
Software [Member] | ||||||
Finite lived useful lives | 5 years |
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- Definition Finite lived useful lives No definition available.
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of the asset arising from derivative instruments and hedging activities, which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest and fee income generated by trade financing. Trade financing is a specialized area of commercial lending frequently used by businesses that engage in international activities. Such financing includes open account financing, sales on consignment, documentary collections, advances against collections, letters of credit, bankers' acceptances, factoring, and forfeiting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of valuation reserve for inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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