XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Sep. 30, 2014
Current assets    
Cash and equivalents $ 1,486,737 $ 146,095
Short-term investments 0 559,815
Accounts receivable, net 4,771,044 4,038,340
Inventory, net 6,369,516 6,270,327
Prepaid expenses and other current assets 893,792 531,262
Total current assets 13,521,089 11,545,839
Property and equipment, net 8,142,523 7,399,096
Goodwill 845,000 845,000
Other assets 35,630 52,428
Total Assets 22,544,242 19,842,363
Current liabilities    
Accounts payable 4,386,578 2,721,705
Accrued expenses 309,130 440,436
Accrued income taxes 73,746 62,032
Short-term note payable to bank 2,129,711 2,355,264
Convertible notes payable 1,274,000 0
Current portion of long-term liabilities 654,020 689,769
Total current liabilities 8,827,185 6,269,206
Long-term liabilities    
Loans payable to bank 2,383,815 3,152,935
Mortgage payable 4,088,618 4,906,922
Notes payable - related party 119,055 1,869,791
Total liabilities $ 15,418,673 $ 16,198,854
Commitments and contingencies
Shareholders' equity    
Preferred stock series A, $0.001 par value, 10,000,000 shares authorized, 1,000,000 shares issued and outstanding, respectively $ 1,000 $ 1,000
Common stock, $0.001 par value, 20,000,000 shares authorized, 7,158,087 shares issued and outstanding at September 30, 2015 and 6,766,587 shares issued and outstanding at September 30, 2014 7,158 6,767
Additional paid-in capital 1,020,444 199,562
Retained earnings 6,430,855 3,592,739
Accumulated other comprehensive loss (333,888) (156,559)
Total shareholders' equity 7,125,569 3,643,509
Total liabilities and shareholders' equity $ 22,544,242 $ 19,842,363