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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Jun. 30, 2019
Summary of Significant Accounting Policies  
Schedule of financial assets and liabilities accounted for at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement on June 30, 2019

 

 

Quoted Price in

 

Significant Other

 

Significant

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

Identical Assets

 

Inputs

 

Inputs

 

   

(Level 1)

   

(Level 2)

   

(Level 3)

Assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

21,353,630

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement on September 30, 2018

 

 

Quoted Price in

 

Significant Other

 

Significant

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

Identical Assets

 

Inputs

 

Inputs

 

   

(Level 1)

   

(Level 2)

   

(Level 3)

Assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

19,725,474

 

$

 —

 

$

 —

 

Summary of contract liabilities balance

 

 

 

 

 

 

 

 

 

 

Contract

 

Contract

 

   

Assets

   

Liabilities

 

 

 

 

 

 

 

September 30, 2018

 

$

 —

 

$

356,801

Contract asset additions

 

 

30,170

 

 

 —

Performance obligations satisfied during the period that were included in the contract liability balance at the beginning of the period

 

 

 —

 

 

(267,316)

Increases due to invoicing prior to satisfaction of performance obligations

 

 

 —

 

 

93,526

June 30, 2019

 

$

30,170

 

$

183,011

 

Schedule of customer service revenue and cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

For the Three Months Ended June 30, 

 

For the Nine Months Ended June 30, 

 

 

   

2019

   

2018

   

2019

   

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Service Sales

 

$

1,059,528

 

$

1,000,436

 

$

2,535,576

 

$

3,224,743

 

Customer Service Cost of Sales

 

 

353,348

 

 

463,513

 

 

982,313

 

 

1,465,091

 

Gross Profit

 

$

706,180

 

$

536,923

 

$

1,553,263

 

$

1,759,652