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3. Balance Sheet Information | 12 Months Ended
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Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Information | Balance sheet information is as follows:
|  | September 30, |  |  | September 30, |
|  | 2015 |  |  | 2014 |
Receivables, current, net: |  |  |  |  |  |  |  |
Accounts receivable, current |  | $ | 9,007,127 |  |  | $ | 1,611,269 |
Less: Allowance for doubtful accounts |  |  | (763,135 | ) |  |  | (756,686 | )
|  | $ | 8,243,992 |  |  | $ | 854,583 |
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 |  | $ | 9,351,699 |  |  | $ | 1,955,841 |
Less: Allowance for doubtful accounts |  |  | (1,107,707 | ) |  |  | (1,101,258 | )
|  | $ | 8,243,992 |  |  | $ | 854,583 |
Components of allowance for doubtful accounts are as follows: |  |  |  |  |  |  |  |
Allowance for dilution and fees on amounts due from billing aggregators |  | $ | 1,063,617 |  |  | $ | 1,063,633 |
Allowance for customer refunds |  |  | 1,715 |  |  |  | 2,107 |
Allowance for other trade receivables |  |  | 42,375 |  |  |  | 35,518 |
|  | $ | 1,107,707 |  |  | $ | 1,101,258 |
Inventory |  |  |  |  |  |  |  |
Raw materials |  | $ | 6,715,298 |  |  | $ | – |
Work in progress |  |  | 836,837 |  |  |  | – |
Finished goods |  |  | 6,185,741 |  |  |  | 4,529,714 |
|  |  | 13,737,876 |  |  |  | 4,529,714 |
Less: Obsolescence reserve |  |  | (402,278 | ) |  |  | (252,569 | )
|  | $ | 13,335,598 |  |  | $ | 4,277,145 |
Property and equipment, net: |  |  |  |  |  |  |  |
Land and improvements |  | $ | 687,999 |  |  | $ | – |
Building and improvements |  |  | 4,202,000 |  |  |  | – |
Transportation equipment |  |  | 77,419 |  |  |  | – |
Machinery and equipment |  |  | 7,676,561 |  |  |  | – |
Furnishings and fixtures |  |  | 211,701 |  |  |  | 162,642 |
Office, computer equipment and other |  |  | 244,674 |  |  |  | 192,063 |
|  |  | 13,100,354 |  |  |  | 354,705 |
Less: Accumulated depreciation |  |  | (618,453 | ) |  |  | (201,591 | )
|  | $ | 12,481,901 |  |  | $ | 153,114 |
Intangible assets, net: |  |  |  |  |  |  |  |
Domain name and marketing related intangibles |  | $ | 18,957 |  |  | $ | 1,521,015 |
Website and technology related intangibles |  |  | 25,300 |  |  |  | 2,863,509 |
Purchased software |  |  | 1,500,000 |  |  |  | – |
Covenant not to compete |  |  | – |  |  |  | 120,000 |
|  |  | 1,544,257 |  |  |  | 4,504,524 |
Less: Accumulated amortization |  |  | (27,327 | ) |  |  | (1,433,314 | )
|  | $ | 1,516,930 |  |  | $ | 3,071,210 |
Accrued liabilities: |  |  |  |  |  |  |  |
Accrued payroll and bonuses |  | $ | 731,782 |  |  | $ | 107,224 |
Deferred revenue |  |  | 243,082 |  |  |  | 548,004 |
Accrued software costs |  |  | 1,500,000 |  |  |  | – |
Accrued expenses - other |  |  | 1,186,085 |  |  |  | 390,802 |
|  | $ | 3,660,949 |  |  | $ | 1,046,030 |

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