Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Accounts Receivable and Net Sales

Note 5 - Accounts Receivable and Net Sales
6 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Financing Receivables [Text Block]
Note 5. Accounts Receivable and Net Sales
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 March 31, 2016 and September 30, 2015, the balance in the allowance for doubtful accounts was $104,473 and $79,473, respectively.
See Note 7, “Major Customer Concentration” for further information regarding accounts receivable and net sales.