Annual report pursuant to Section 13 and 15(d)

Accounts Receivable and Concentration of Credit Risk (Tables)

v3.24.1
Accounts Receivable and Concentration of Credit Risk (Tables)
12 Months Ended
Sep. 30, 2023
Accounts Receivable and Concentration of Credit Risk [Abstract]  
Components of Accounts Receivable

2023

2022

Trade receivables, gross

$

8,445,370

$

4,289,892

Less: allowance for credit losses

(3,923,857)

(12,143)

Less: allowance for sales returns and payment term discounts

(15,005)

(12,854)

Less: long-term trade receivables*

(714,000)

Accounts receivable, net

$

4,506,508

$

3,550,895

*Included in other assets on the accompanying consolidated balance sheets.

Summary of Change in Allowance for Credit Losses on Trade Receivables

2023

2022

Beginning balance

$

12,143

$

20,643

Charge-offs (recoveries), net

3,911,714

(8,500)

Ending balance

$

3,923,857

$

12,143