XML 72 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2020
Sep. 30, 2019
Current assets:    
Cash $ 623,617 $ 1,326,040
Accounts receivable, net 328,927 540,310
Accounts receivable - Related party 130 0
Inventories, net 297,558 500,986
Deferred offering costs 628,643 225,089
Other current assets 179,461 147,367
Other current assets - Related party 0 460
Total current assets 2,058,336 2,740,252
Property and equipment, net 2,150,451 1,875,591
Other assets:    
Right-of-use asset - operating lease 583,902 0
Right-of-use asset - finance lease 118,275 0
Other asset 66,813 634,701
Total other assets 768,990 634,701
Total assets 4,977,777 5,250,544
Current liabilities:    
Accounts payable 80,183 341,095
Current portion of long-term loan payable 100,381 101,148
Accrued expenses and other current liabilities 633,216 531,861
Current portion of lease liability - operating lease 155,235 0
Current portion of lease liability - finance lease 20,271 0
Other current liabilities - Related party 2,068 2,812
Total current liabilities 991,354 976,916
Non-current liabilities:    
Lease liability - operating lease, net of current portion 432,421 0
Lease liability - finance lease, net of current portion 89,541 0
Loan payable - long term, net of current portion 105,130 156,816
Other noncurrent liabilities 8,749 1,750
Total non-current liabilities 635,841 158,566
Total liabilities 1,627,195 1,135,482
Stockholders' equity:    
Common Stock, Value 138 137
Additional paid in capital 34,076,217 28,898,344
Accumulated deficit (30,707,170) (24,795,687)
Accumulated other comprehensive loss (160,354) (90,635)
Total NuZee, Inc. stockholders' equity 3,208,831 4,012,159
Noncontrolling interest 141,751 102,903
Total stockholders' equity 3,350,582 4,115,062
Total liabilities and stockholders' equity $ 4,977,777 $ 5,250,544