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Lines of Credit
12 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Lines of Credit
Lines of Credit
 
As of September 30, 2015 and September 30, 2014, the Company maintained a line of credit notes that allows for borrowings of up to $1.0 million. Availability under this facilities is reduced by outstanding borrowings thereunder. The interest rates on outstanding borrowings is the London Inter-Bank Offer Rate (“LIBOR”) plus 2.5%, with a floor of 4%. Borrowings under the credit agreement are required to be repaid on demand by the lender in some cases, upon termination of the agreements or may be prepaid by the Company without penalty. The credit agreements is not subject to financial covenants and the Company did not borrow under the line of credit during the fiscal years ending September 30, 2015 and 2014.

As of September 30, 2015 and September 30, 2014, the Company maintained an inventory line of credit that may be used by the the TS in the US to purchase inventory from approved vendors with payment terms which exceed those offered by the vendors. No interest accrues under the inventory line of credit when advances are paid within terms, late payments are subject to an interest charge of Prime plus 5%. The credit agreements contain financial covenants which require the Company to maintain the following division specific financial ratios: (1) a minimum current ratio of 1.2, (2) tangible net worth of $2.5 million and (3) a maximum ratio of total liabilities to total net worth of less than 5.0:1. As of September 30, 2015 and September 30, 2014, Company borrowings under the inventory line of credit were $2.9 million and $2.1 million, respectively, and the Company was in compliance with all covenants for the inventory line of credit as of September 30, 2015 and 2014.