Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.6.0.2
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Sep. 30, 2016
Current Assets:    
Cash $ 3,485,424 $ 2,385,082
Accounts receivable, net 8,390,949 10,775,200
Income tax receivable 2,196 2,387
Inventory, net 2,522,281 2,492,644
Prepaid expenses and other current assets 720,944 634,588
TOTAL CURRENT ASSETS 15,121,794 16,289,901
PLANT AND EQUIPMENT    
Equipment, furniture and fixtures 4,168,759 4,625,472
Leasehold improvements 292,804 323,147
Less accumulated depreciation and amortization (3,663,316) (4,123,532)
Plant and equipment, net 798,247 825,087
Other trade receivables 7,837,500 7,837,500
Other assets 178,579 189,219
Deferred income taxes 8,872,764 13,482,000
Intangible assets, net 20,873,271  
Goodwill 6,878,932
TOTAL ASSETS 60,561,087 38,623,707
Current Liabilities:    
Accounts payable 1,266,122 701,035
Accrued expenses and other current liabilities 3,046,439 2,380,571
Accrued compensation 61,182 264,871
TOTAL CURRENT LIABILITIES 4,373,743 3,346,477
LONG-TERM LIABILITIES:    
Other liabilities 1,233,750 1,233,750
Deferred rent 22,424  
Deferred income taxes 1,709,260 110,069
TOTAL LIABILITIES 7,339,177 4,690,296
Series 4 Preferred Stock 17,981,883  
Commitments and Contingencies
STOCKHOLDERS' EQUITY:    
Common stock 335,220 312,740
Additional paid-in-capital 72,310,327 69,660,010
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (29,017,396) (27,651,215)
Treasury stock, at cost (7,806,605) (7,806,605)
TOTAL STOCKHOLDERS' EQUITY 35,240,027 33,933,411
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 60,561,087 $ 38,623,707