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Revolving Credit Loan
9 Months Ended
Jun. 30, 2013
Revolving Credit Loan [Abstract]  
Revolving Credit Loan
Revolving Credit Loan
 
The Company entered into a new master loan agreement with a financial institution on August 21, 2012 and this agreement was amended on April 17, 2013. One of the supplements of the agreement is a monitored revolving credit loan for up to $8,500,000. The amount available and outstanding under the loan cannot exceed the borrowing base as calculated per the agreement (approximately $5,240,000 as of June 30, 2013). The purpose of the loan is to finance inventory and receivables. The Company will pay interest monthly on the unpaid balance at a variable rate (adjusted on a weekly basis) based upon the one-month LIBOR index rate plus 3.75%. The Company will also pay a commitment fee on the average daily unused portion of the loan at the rate of .30% per annum, payable monthly. The term of the loan will expire, and the Company must pay all unpaid principal amounts outstanding under the loan, on June 1, 2014. The loan is secured by substantially all assets of the Company and subject to certain financial and nonfinancial covenants as defined in the master loan agreement. There was a balance of $1,550,000 outstanding as of June 30, 2013.