Note 15 - Subsequent Events

12 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

15.

SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to

September

30,

2016

through the date the financial statements were submitted to the Securities and Exchange Commission, and has determined that no subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements, except as follows:

On

December

20,

2016,

management entered into Amendment No.

5

of the Convertible Loan Agreement with Roundball. The amended Convertible Loan Agreement:

? Continues to provide approximately $467,000 of liquidity to meet on going working capital requirements;

? Continues to allow $250,000 of borrowing on the agreement at the Company's discretion at an interest rate of 0.34%; and

? Extends the due date of the loan agreement from December 30, 2016 to December 30, 2017.

On

December

20,

2016,

in connection with amended Convertible Loan Agreement, management also entered into an Amendment No.

2.

of the Warrant Agreement with Roundball.   The amended Warrant Agreements extend the due date of the agreement from

December

30,

2016

to

December

30,

2017.

In

December

2016,

the Company settled the suit against Systech (currently known as Opus Inspection, Inc.).