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

12 Months Ended

Sep. 30, 2016

Related Party Transactions With Multichip Display Inc. Mdi Tables

Schedule of Related Party Transactions

For the years ended September 30, 2016 and 2015, almost all of the Company's sales and accounts receivable resulted from transactions with MDI. See related party transactions below.

*Shares reflect the balance after the reverse stock split

	September 30, 2016					September 30, 2015
	Amount		Percent			Amount		Percent
Sales to MDI	$	675,000		98.4	%	$	603,821		100	%
Receivable from MDI	$	623,650		100	%		930,900		100	%
Inventory purchases from MDI*	$	676,831		99.6	%		586,205		51	%
Accounts payable to MDI	$	631,691		100	%		1,018,831		100	%
Accrued interest payable to MDI	$	68,985		100	%		58,333		100	%
Convertible note payable to MDI	$	109,785		100	%		250,000		100	%

* Includes borrowings to pay for direct labor.

Accounts receivable and account payable with MDI have a net balance feature in the contract.