3. Balance Sheet Information

12 Months Ended

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