Investment in Affiliate

9 Months Ended

Jun. 30, 2016

Investment in Affiliate [Abstract]

Investment in Affiliate

Note 2. Investment in Affiliate

On April 15, 2013, the Company executed a Subscription Agreement for the purchase of 4,800 Class A Units of BDFD, representing a 48% non-controlling voting membership interest in BDFD, for the aggregate subscription price of $750,000. The Company acquired the remaining 52% interest in BDFD on May 7, 2015.  Prior to the acquisition, the Company accounted for this investment using the equity method. For the three month and nine month periods ending June 30, 2015 the Company recorded net expenses of $5,000 and $18,000, respectively, for its share of BDFD’s operating results.