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Note 9 - Prepaid Expenses and Other | 12 Months Ended
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Sep. 30, 2018
Notes to Financial Statements |
Prepaid Expenses And Other Disclosure Text Block | 9 . PREPAID EXPENSES AND OTHER
|  | September 30, |
|  | 2018 |  |  | 2017 |
Deposits for inventory |  | $ | 1,366,069 |  |  | $ | 29,804 |
Leashold improvement receivable |  |  | 1,132,017 |  |  |  | - |
Prepaid insurance |  |  | 162,822 |  |  |  | 91,542 |
Prepaid maintenance agreement |  |  | 93,750 |  |  |  | 187,500 |
Receivable for stock options exercised |  |  | - |  |  |  | 252,043 |
Dues and subscriptions |  |  | 92,097 |  |  |  | 247,163 |
Other |  |  | 244,646 |  |  |  | 175,270 |
|  | $ | 3,091,401 |  |  | $ | 983,322 |
Deposits for inventory Deposits for inventory consisted of cash payments to vendors for inventory to be delivered in the future. Leasehold improvement receivable Leasehold improvement receivable represents amounts owed to the Company by the landlord for costs incurred to renovate and prepare the Company’s new facility for use. The lease provided an allowance for tenant improvements of $1,588,214 (see Note 13, Commitments and Contingencies, for additional information about this lease). As of September 30, 2018, $1,312,017 has not been received by the Company. Prepaid Insurance Prepaid insurance consisted of premiums paid for health, commercial and corporate insurance. These premiums are amortized on a straight-line basis over the term of the agreements. Prepaid maintenance agreement At March 31, 2011, prepaid expenses included $1,500,000 paid to a third party service provider in connection with the Company’s obligations under a sales contract to a foreign military service to provide repair and maintenance services over an eight year period for products sold thereunder. The total prepaid expense is being amortized on a straight-line basis at an annual rate of $187,500 over the eight -year contract period to correspond with the revenues for these services, and is being recognized as a component of cost of sales. Accordingly, as of September 30, 2018, $93,750 of the total prepayment was classified as a current asset. As of September 30, 2017, $187,500 of the total prepayment was classified as a current asset and $93,750 was classified as noncurrent.

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