Annual report pursuant to Section 13 and 15(d)

Nature of Business and Significant Accounting Policies (Tables)

v3.8.0.1
Nature of Business and Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2017
Components Of Accounts Receivable



 

 

 

 

 

 



 

 

 

 

 

 



 

2017

 

2016



 

 

 

 

 

 

Trade receivables

 

$

11,330,814 

 

$

18,616,342 

Other receivables

 

 

100,139 

 

 

34,461 

Accounts receivable, gross

 

 

11,430,953 

 

 

18,650,803 

Less: allowance for doubtful accounts

 

 

(38,103)

 

 

(38,103)

Accounts receivable, net

 

 

11,392,850 

 

 

18,612,700 

Less: long-term trade receivables

 

 

(7,837,500)

 

 

(7,837,500)

Current accounts receivable, net

 

$

3,555,350 

 

$

10,775,200 



Summary Of Components Of Allowance For Doubtful Accounts



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Balance at

 

Provision Charges

 

Write offs/

 

Balance at

Year

October 1

 

 to Expenses

 

Recoveries

 

September 30

2015

$

48,068 

 

$

 —

 

$

 —

 

$

48,068 

2016

$

48,068 

 

$

 —

 

$

(9,965)

 

$

38,103 

2017

$

38,103 

 

$

 —

 

$

 —

 

$

38,103 



Summary Of Significant Customers



 

 

 



 

 

 

   

Percentage of Unit Sales

Significant Customers

2017

2016

2015

USAID

44%  24%  16% 

UNFPA

25%  25%  18% 

Semina

*

27%  47% 

Total Percentage of Unit Sales

69%  76%  81% 

_____________________



*  Less than 10 percent of unit sales.

Summary Of Depreciation And Amortization



 



 

Manufacturing equipment

510 years

Office equipment

35 years

Furniture and fixtures

710 years