Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable
3 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Financing Receivables [Text Block]
Note 5. Accounts Receivable
Credit is extended based on the evaluation of a customer’s financial condition and collateral is generally not required. Accounts that are outstanding longer than the contractual payment terms are considered past due.
The Company writes off accounts receivable when they become uncollectible; payments subsequently received on such receivables are credited to the allowance for doubtful accounts. As of both December 31, 2015 and September 30, 2015, the balance in the allowance for doubtful accounts was $79,473.
See Note 7, “Major Customer Concentration” for further information regarding accounts receivable and net sales.