Note 5 - Accounts Receivable and Net Sales |
6 Months Ended |
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Mar. 31, 2018 | |
| Notes to Financial Statements | |
| Financing Receivables [Text Block] |
Note 5. Accounts Receivable and Net SalesCredit 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 March 31, 2018 and September 30, 2017, the balance in the allowance for doubtful accounts was $79,085 .See Note
7, “Major Customer Concentration” for further information regarding accounts receivable and net sales. |
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- References No definition available.
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- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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