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)
6 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of trade and other receivables
    March 31,     September 30,  
    2018     2017  
      (Unaudited)          
Trade receivables, current, net:                
Accounts receivable, current   $ 11,749,344     $ 11,383,576  
Less: Reserve for doubtful accounts     (756,558 )     (746,651 )
    $ 10,992,786     $ 10,636,925  
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 receivables   $ 12,093,916     $ 11,728,148  
Less: Reserve for doubtful accounts     (1,101,130 )     (1,091,223 )
    $ 10,992,786     $ 10,636,925  
Components of allowance for doubtful accounts
    March 31,     September 30,  
    2018     2017  
      (Unaudited)          
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     873       978  
Reserve for trade receivables     36,640       26,628  
    $ 1,101,130     $ 1,091,223  
Schedule of inventory
    March 31,     September 30,  
    2018     2017  
      (Unaudited)          
Inventory                
Raw materials   $ 9,271,283     $ 7,709,969  
Work in progress     1,096,509       987,689  
Finished goods     5,428,000       3,922,362  
Merchandise     30,649,002       23,230,350  
      46,444,794       35,850,370  
  Less: Inventory reserves     (1,384,922 )     (1,348,569 )
    $ 45,059,872     $ 34,501,801  
Schedule of property and equipment
    March 31,     September 30,  
    2018     2017  
      (Unaudited)          
Property and equipment, net:                
Building and improvements   $ 11,981,655     $ 8,090,797  
Transportation equipment     82,266       104,853  
Machinery and equipment     23,432,503       17,402,064  
Furnishings and fixtures     2,547,268       4,360,820  
Office, computer equipment and other     2,288,717       224,822  
      40,332,409       30,183,356  
  Less: Accumulated depreciation     (12,730,856 )     (7,365,496 )
    $ 27,601,553     $ 22,817,860  
Schedule of intangible assets
    March 31,     September 30,  
    2018     2017  
      (Unaudited)          
Intangible assets, net:                
Domain name and marketing related intangibles   $ 18,957     $ 18,957  
Lease intangibles     1,033,412       1,033,412  
Customer relationship intangibles     2,689,039       2,689,039  
Purchased software     2,045,167       1,595,977  
      5,786,575       5,337,385  
Less:  Accumulated amortization     (1,658,475 )     (1,132,071 )
    $ 4,128,100     $ 4,205,314  
Schedule of accrued liabilities
    March 31,     September 30,  
    2018     2017  
      (Unaudited)          
Accrued liabilities:                
Accrued payroll and bonuses   $ 1,858,887     $ 2,602,695  
Due to seller of ApplianceSmart, Inc.     2,549,955        
Accrued sales and property taxes     1,232,211       824,206  
Deferred rent     397,632       502,617  
Deferred revenue     552,442          
Accrued gift card liability     1,575,711       1,479,622  
Accrued interest payable     534,357       464,184  
Accrued bank overdraft     2,260,108       1,367,539  
Customer deposits     231,073       182,052  
Accrued expenses - other     3,202,976       1,563,819  
    $ 14,395,352     $ 8,986,734