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Multichip Display, Inc. (MDI) (Tables)
12 Months Ended
Sep. 30, 2017
Multichip Display Inc. Mdi Tables  
Summary of sales and accounts receivable MDI

For the years ended September 30, 2017 and 2016, almost all of the Company's sales and accounts receivable resulted from transactions with MDI. See transactions below.

 

   

September 30,

2017

   

September 30,

2016

 
    Amount     Percent     Amount     Percent  
                         
Sales to MDI   $ 708,052       97 %   $ 675,000       98.4 %
Receivable from MDI   $ 1,318,053       99.1 %     623,650       100 %
Inventory purchases from MDI*   $ 660,080       93.6 %     676,831       99.6 %
Accounts payable to MDI   $ 1,291,772       85.0 %     631,691       100 %
Accrued interest payable to MDI   $ 125,185       95.3 %     68,985       100 %
Convertible note payable to MDI   $ 103,785       100 %     109,785       100 %

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* Includes borrowings to pay for direct labor.