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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2015
Sep. 30, 2014
Current assets:    
Cash and cash equivalents $ 4,287,166 $ 6,477,132
Marketable securities   1,051,230
Accounts receivable $ 5,327,398 6,124,871
Inventories 2,883,835 2,374,837
Prepaid expenses and other current assets 369,210 401,549
Total current assets 12,867,609 16,429,619
Property and equipment, net 90,284 98,990
Other assets 40,962 40,962
Total assets 12,998,855 16,569,571
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 1,365,977 1,218,541
Due to Forward China 4,506,660 5,215,768
Total current liabilities 5,872,637 6,434,309
Other liabilities 119,231 115,202
Total Liabilities $ 5,991,868 6,549,511
6% Senior Convertible Preferred Stock, par value $0.01 per share; 1,500,000 shares authorized; 851,154 shares available; 0 and 648,846 shares issued and outstanding; aggregate liquidation value of $0 and $1,275,000; as of June 30, 2015 and September 30, 2014, respectively   $ 833,365
Commitments and contingencies    
Shareholders' equity:    
Preferred stock, par value $0.01 per share; 4,000,000 shares authorized; 2,400,000 undesignated at June 30, 2015 and September 30, 2014 Series A Participating Preferred stock, par value $0.01; 100,000 shares authorized; no shares issued and outstanding    
Common stock, par value $0.01 per share; 40,000,000 shares authorized; 8,606,755 and 9,159,796 shares issued; 8,606,755 and 8,453,386 shares outstanding; at June 30, 2015 and September 30, 2014, respectively $ 86,068 $ 91,598
Additional paid-in capital $ 17,483,710 18,747,371
Treasury stock, 0 and 706,410 shares at cost at June 30, 2015 and September 30, 2014, respectively   (1,260,057)
Accumulated deficit $ (10,541,765) (8,371,806)
Accumulated other comprehensive loss (21,026) (20,411)
Total shareholders' equity 7,006,987 9,186,695
Total liabilities and shareholders' equity $ 12,998,855 $ 16,569,571