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

3 Months Ended

Dec. 31, 2016

Related Party Transactions With Multichip Display Inc. Mdi Tables

Schedule of Related Party Transactions

The Company had the following related party transactions through December 31, 2016 for the time periods shown in the tables below.

	Three Months Ending December 31,
	2016		2015
Sales to MDI	$	160,000	$	170,112
Inventory purchases from MDI*		149,990		150,705
Interest expense to MDI		2,195		3,471
Receivable from MDI		783,650		623,650
Accounts payable to MDI		797,200		631,692
Accrued interest payable to MDI		71,180		75,867
Convertible note payable to MDI, net of discount of $18,298 and $24,397 respectively		91,487		85,388
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* Includes borrowings to pay for direct labor.