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Related Party Transactions with Multichip Display, Inc. (MDI) (Tables)
12 Months Ended
Sep. 30, 2015
Related Party Transactions With Multichip Display Inc. Mdi Tables  
Schedule of Related Party Transactions

For the years ended September 30, 2015 and 2014, almost all of the Company's sales and accounts receivable resulted from transactions with MDI. See related party transactions below.

 

    September 30, 2015     September 30, 2014  
    Amount     Percent     Amount     Percent  
                         
Sales to MDI   $ 623,500       98.4 %   $ 603,821       100 %
Receivable from MDI   $ 1,554,401       100 %     930,900       100 %
Inventory purchases from MDI*   $ 452,162       99.6 %     586,205       51 %
Accounts payable to MDI   $ 1,429,046       100 %     1,018,831       100 %
Accrued interest payable to MDI   $ 58,333       100 %     38,333       100 %
Convertible note payable to MDI   $ 250,000       100 %     250,000       100 %
Rent expense   $ 31,744       100 %     30,000       100 %

Future lease commitments

Future lease commitments are as follows:

 

Fiscal Year Ending   Amount   
2016   $ 54,902  
2017     54,902  
2018     54,902  
2019     54,902  
2020     36,602