Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2018
Sep. 30, 2017
Assets    
Cash and cash equivalents $ 2,499,264 $ 3,972,539
Trade receivables, net 10,992,786 10,636,925
Inventories 45,059,872 34,501,801
Prepaid expenses and other current assets 4,086,777 6,435,891
Total current assets 62,638,699 55,547,156
Property and equipment, net 27,601,553 22,817,860
Restricted cash 535,747 0
Deposits and other assets 281,530 77,520
Deferred taxes 5,192,559 9,000,010
Intangible assets, net 4,128,100 4,205,314
Goodwill 36,946,735 36,946,735
Total assets 137,324,923 128,594,595
Liabilities:    
Accounts payable 8,567,556 8,224,057
Accrued liabilities 14,395,352 8,986,734
Income tax payable 337,769 351,689
Current portion of long-term debt 45,824,329 48,877,536
Total current liabilities 69,125,006 66,440,016
Long-term debt, net of current portion 29,056,627 26,570,271
Note payable, related party 2,000,000 2,000,000
Total Liabilities 100,181,633 95,010,287
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,088,186 shares issued and 1,972,136 shares outstanding at December 31, 2017; 2,088,186 shares issued and 1,991,879 shares outstanding at September 30, 2017 2,088 2,088
Paid in capital 63,297,363 63,157,178
Treasury stock (4,000) 0
Accumulated deficit (24,775,472) (28,575,716)
Total stockholders' equity 37,143,290 33,584,308
Total liabilities and stockholders' equity 137,324,923 128,594,595
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 214 214
Series E Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 128 128
Treasury stock $ 4,000 $ 0