Accounts Receivable, net

12 Months Ended

Sep. 30, 2014

Accounts Receivable, net [Abstract]

Accounts Receivable, net

3. Accounts Receivable, net

Accounts receivable consist of the following:

	September 30,
	2014			2013
Accounts receivable	$	2,901,672		$	1,350,705
Less allowance for bad debts		(8,364	)		(2,878	)
	$	2,893,308		$	1,347,827
Current portion	$	(2,443,308	)	$	(1,347,827	)
Long-term portion	$	450,000		$	-

On November 12, 2013, the Company entered into an agreement with an unrelated third party regarding its usage since October 2010 of certain Company patented intellectual property.  The Company will receive $750,000 and granted extended payment terms that consist of a $100,000 payment received in November 2013, a $200,000 payment to be received in November 2014, a $225,000 payment to be received in November 2015 and a $225,000 payment to be received in November 2016.  The Company has no obligations under the agreement.