Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2018
Sep. 30, 2018
Assets    
Cash $ 3,452,127 $ 1,991,622
Trade receivables, net 10,935,343 13,839,422
Inventories, net 42,516,250 46,527,039
Income taxes receivable 224,949 248,702
Prepaid expenses and other current assets 3,175,049 3,308,017
Total current assets 60,303,718 65,914,802
Property and equipment, net 24,488,962 27,991,060
Restricted cash 750,825 750,447
Deposits and other assets 267,875 283,143
Deferred taxes 2,693,001 3,220,362
Intangible assets, net 6,358,175 6,665,847
Goodwill 36,946,735 36,946,735
Total assets 131,809,291 141,772,396
Liabilities:    
Accounts payable 12,498,768 14,588,355
Accrued liabilities 9,465,610 8,570,905
Current portion of long-term debt 8,356,925 13,958,355
Current portion of notes payable related parties 0 391,949
Total current liabilities 30,321,303 37,509,564
Long-term debt, net of current portion 53,899,752 58,805,468
Notes payable related parties, net of current portion 5,821,507 5,429,558
Other non-current obligations 760,403 579,217
Total Liabilities 90,802,965 102,323,807
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,088,186 shares issued and 1,942,428 shares outstanding at December 31, 2018; 2,088,186 shares issued and 1,945,247 shares outstanding at September 30, 2018 2,088 2,088
Paid in capital 63,700,934 63,654,335
Treasury stock (1,569,090) (1,550,011)
Accumulated deficit (21,123,948) (22,654,165)
Total stockholders' equity 41,006,326 39,448,589
Total liabilities and stockholders' equity 131,809,291 141,772,396
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 214 214
Series E Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 128 128
Series E Treasury Stock [Member]    
Stockholders' equity:    
Treasury stock $ (4,000) $ (4,000)