XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Sep. 30, 2018
Current assets    
Cash and equivalents $ 1,572,825 $ 973,772
Short-term investments 13,692
Restricted Cash 873,293 1,342,163
Accounts receivable, net 16,127,399 13,945,655
Trade receivables - related party 266,124 165,220
Inventory, net 15,731,128 11,354,458
Prepaid expenses and other current assets 4,480,826 4,132,996
Total current assets 39,065,287 31,914,264
Property and equipment, net 24,408,648 27,300,654
Goodwill 5,303,743 3,322,818
Investment in Vicon 1,699,271
Other assets 4,584,547 3,093,607
Total Assets 73,362,225 67,330,614
Current liabilities    
Accounts payable 9,887,828 7,068,005
Accounts payable to related party 155,600
Short-term liabilities 14,008,278 10,913,703
Deposits from customers 60,009 50,619
Accrued expenses 4,313,371 2,333,938
Deferred revenue 1,424,832 970,590
Accrued income taxes 593,097 565,513
Total current liabilities 30,443,015 21,902,368
Long-term liabilities    
Loans payable to bank, net of current portion 3,165,954 4,206,468
Long-term capital lease, net of current portion 25,269 44,081
Notes payable, net of current portion 2,591,616 276,639
Mortgage payable, net of current portion 3,266,859 3,568,545
Other long-term liabilities 1,211,907
Deferred tax liabilities 1,194,272 2,051,847
Deferred Revenue - long-term 489,062
Total long-term liabilities 11,944,939 10,147,580
Total liabilities 42,387,954 32,049,948
Commitments and contingencies
Shareholders' equity    
Common stock, $0.001 par value, 20,000,000 shares authorized, 2,594,239 shares issued and outstanding at June 30, 2019 and 1,621,719 shares issued and outstanding at September 30, 2018 2,594 1,622
Additional paid-in capital 36,897,611 31,496,671
Retained earnings (3,788,526) 4,262,756
Accumulated other comprehensive income/(loss) (1,681,985) (483,297)
Total shareholders' equity 31,432,805 35,280,666
Non-controlling interest of Vicon (458,534)
Total liabilities, mezzanie equity and shareholders' equity 73,362,225 67,330,614
Series 1 Preferred Stock [Member]    
Shareholders' equity    
Preferred stock, value 2,111 1,914
Series A Preferred Stock [Member]    
Shareholders' equity    
Preferred stock, value 1,000 1,000
Total shareholders' equity $ 1,000 $ 1,000