Quarterly report pursuant to Section 13 or 15(d)

4. Balance Sheet Detail Information (Tables)

v3.8.0.1
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