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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Dec. 31, 2015
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 3,324,565 $ 4,042,124
Accounts receivable 6,523,579 5,454,129
Inventories 2,884,299 2,866,464
Prepaid expenses and other current assets 377,036 296,012
Total current assets 13,109,479 12,658,729
Property and equipment, net 109,492 78,733
Other assets 40,962 40,962
Total Assets 13,259,933 12,778,424
Current liabilities:    
Accounts payable 280,049 122,803
Due to Forward China 4,285,854 4,168,021
Accrued expenses and other current liabilities 925,974 1,039,085
Total current liabilities 5,491,877 5,329,909
Other liabilities 111,173 115,202
Total Liabilities $ 5,603,050 $ 5,445,111
Commitments and contingencies
Shareholders' equity:    
Common stock, par value $0.01 per share; 40,000,000 shares authorized; 8,658,179 and 8,641,755 shares issued; 8,658,179 and 8,641,755 shares outstanding; at December 31, 2015 and September 30, 2015, respectively $ 86,582 $ 86,418
Additional paid-in capital 17,629,809 17,550,047
Accumulated deficit (10,037,287) (10,281,367)
Accumulated other comprehensive loss (22,221) (21,785)
Total shareholders' equity 7,656,883 7,333,313
Total liabilities and shareholders' equity $ 13,259,933 $ 12,778,424