Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Sep. 30, 2016
Current Assets:    
Cash $ 2,671,132 $ 2,385,082
Accounts receivable, net 5,760,147 10,775,200
Income tax receivable 37,104 2,387
Inventory, net 2,765,369 2,492,644
Prepaid expenses and other current assets 800,814 634,588
TOTAL CURRENT ASSETS 12,034,566 16,289,901
PLANT AND EQUIPMENT    
Equipment, furniture and fixtures 4,165,498 4,625,472
Leasehold improvements 300,752 323,147
Less accumulated depreciation and amortization (3,793,950) (4,123,532)
Plant and equipment, net 672,300 825,087
Other trade receivables 7,837,500 7,837,500
Other assets 183,317 189,219
Deferred income taxes 9,027,096 13,482,000
Intangible assets, net 20,793,084  
Goodwill 6,878,932
TOTAL ASSETS 57,426,795 38,623,707
Current Liabilities:    
Accounts payable 1,915,772 701,035
Accrued expenses and other current liabilities 1,593,830 2,380,571
Unearned revenue 964,382  
Accrued compensation 396,893 264,871
TOTAL CURRENT LIABILITIES 4,870,877 3,346,477
LONG-TERM LIABILITIES:    
Other liabilities 1,233,750 1,233,750
Deferred rent 61,442  
Deferred income taxes 465,766 110,069
TOTAL LIABILITIES 6,631,835 4,690,296
Series 4 Preferred Stock 17,981,883
Commitments and Contingencies
STOCKHOLDERS' EQUITY:    
Preferred stock
Common stock 335,220 312,740
Additional paid-in-capital 72,449,908 69,660,010
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (31,583,927) (27,651,215)
Treasury stock, at cost (7,806,605) (7,806,605)
TOTAL STOCKHOLDERS' EQUITY 32,813,077 33,933,411
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 57,426,795 $ 38,623,707