Quarterly report pursuant to Section 13 or 15(d)

3. Balance Sheet Information

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3. Balance Sheet Information
 6 Months Ended
Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Information

Balance sheet information is as follows:

 

   March 31,   September 30, 
   2016   2015 
           
Receivables, current, net:          
Accounts receivable, current  $10,149,401   $9,007,127 
Less: Allowance for doubtful accounts   (760,809)   (763,135)
   $9,388,592   $8,243,992 
Receivables, long term, net:          
Accounts receivable, long term  $344,572   $344,572 
Less: Allowance for doubtful accounts   (344,572)   (344,572)
   $–   $– 
Total receivables, net:          
Gross receivables  $10,493,973   $9,351,699 
Less: Allowance for doubtful accounts   (1,105,381)   (1,107,707)
   $9,388,592   $8,243,992 
           
Components of allowance for doubtful accounts are as follows:          
           
Allowance for dilution and fees on amounts due from billing aggregators  $1,063,618   $1,063,617 
Allowance for customer refunds   1,508    1,715 
Allowance for other trade receivables   40,255    42,375 
   $1,105,381   $1,107,707 
           
Inventory          
Raw materials  $6,801,295   $6,715,298 
Work in progress   768,179    836,837 
Finished goods   5,219,555    6,185,741 
    12,789,029    13,737,876 
Less: Obsolescence reserve   (334,028)   (402,278)
   $12,455,001   $13,335,598 
           
Property and equipment, net:          
Land and improvements  $688,000   $687,999 
Building and improvements   4,202,000    4,202,000 
Transportation equipment   77,419    77,419 
Machinery and equipment   7,764,360    7,676,561 
Furnishings and fixtures   211,700    211,701 
Office, computer equipment and other   250,079    244,674 
    13,193,558    13,100,354 
Less: Accumulated depreciation   (1,533,610)   (618,453)
   $11,659,948   $12,481,901 
           
Intangible assets, net:          
Domain name and marketing related intangibles  $18,957   $18,957 
Website and technology related intangibles   25,300    25,300 
Purchased software   1,500,000    1,500,000 
    1,544,257    1,544,257 
Less:  Accumulated amortization   (143,188)   (27,327)
   $1,401,069   $1,516,930 
           
Accrued liabilities:          
Accrued payroll and bonuses  $713,778   $731,782 
Deferred revenue   243,082    243,082 
Accrued software costs   1,500,000    1,500,000 
Accrued expenses - other   879,567    1,186,085 
   $3,336,427   $3,660,949