Related Party Transactions with Multichip Display, Inc. (MDI) (Tables)

9 Months Ended

Jun. 30, 2016

Related Party Transactions With Multichip Display Inc. Mdi Tables

Schedule of Related Party Transactions

The Company had the following related party transactions through June 30, 2016 for the time periods shown in the tables below.

	Three and Nine Months Ending June 30, 2016
	3 Months		9 Months
Sales to MDI	$	132,500	$	464,992
Inventory purchases from MDI*		115,275		396,300
Rent expense paid to MDI		12,823		73,639
Interest expense to MDI		2,196		54,787
	June 30, 2016		September 30, 2015
Receivable from MDI	$	494,666		1,554,400
Accounts payable to MDI		292,617		1,429,046
Accrued interest payable to MDI		65,646		58,333
Convertible note payable to MDI, Net of discount of 48,793		60,992		250,000

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* Includes borrowings to pay for direct labor.