Note 2 - Restatements (Tables)

9 Months Ended

Jun. 30, 2018

Notes Tables

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	As of September 30, 2017
Balance Sheet
Deferred revenue	$	-		$	484,121		$	484,121
Accumulated deficit		(822,636	)		(484,121	)		(1,306,757	)

	For the Three Months Ended July 1, 2017
Statement of Operations
Total net revenue	$	1,067,786		$	(48,681	)	$	1,019,105
Gross profit		539,464			(48,681	)		490,783
Operating loss		(346,296	)		(48,681	)		(394,977	)
Net loss		(344,490	)		(48,681	)		(393,171	)
Net loss per common share
Basic		(0.19	)		(0.02	)		(0.21	)
Diluted		(0.19	)		(0.02	)		(0.21	)

	For the Nine Months Ended July 1, 2017
Statement of Operations
Total net revenue	$	3,084,493		$	(48,681	)	$	3,035,812
Gross profit		2,129,284			(48,681	)		2,080,603
Operating loss		(917,898	)		(48,681	)		(966,579	)
Net loss		(911,428	)		(48,681	)		(960,109	)
Net loss per common share
Basic		(0.50	)		(0.02	)		(0.52	)
Diluted		(0.50	)		(0.02	)		(0.52	)
Statement of cash flows
Net loss	$	( 911,428	)	$	(48,681	)	$	( 960,109	)
Changes in current assets and current liabilities – Deferred revenue		-			48,681			48,681

				Adjustments
	As reported			Revenue recognition			Inventory reserve			As adjusted
	As of June 30, 2018
Balance Sheet
Inventory	$	1,554,938		$	–		$	(55,817	)	$	1,499,121
Deferred revenue		–			1,526,796			–			1,526,796
Accumulated deficit		(944,855	)		(1,526,796	)		(55,817	)		(2,527,468	)

	For the Three Months Ended June 30, 2018
Statement of Operations
Total net revenue	$	1,544,142	$	(636,965	)	$	–		$	907,177
Total cost of revenue		666,758		(9,856	)		55,817			712,719
Gross profit		877,384		(627,109	)		(55,817	)		194,458
Operating income (loss)		240,909		(636,965	)		(55,817	)		(451,873	)
Net income (loss)		243,027		(636,965	)		(55,817	)		(449,755	)
Net income (loss) per common share										–
Basic		0.13		(0.34	)		(0.03	)		(0.24	)
Diluted		0.13		(0.34	)		(0.03	)		(0.24	)
Weighted average shares - diluted		1,854,370		(5,345	)					1,849,025

	For the Nine Months Ended June 30, 2018
Statement of Operations
Total net revenue	$	3,590,347		$	(1,042,675	)	$	–		$	2,547,672
Total cost of revenue		1,762,645			–			55,817			1,818,462
Gross profit		1,800,202			(1,015,175	)		(55,817	)		729,210
Operating loss		(127,820	)		(1,042,675	)		(55,817	)		(1,226,312	)
Net loss		(122,219	)		(1,042,675	)		(55,817	)		(1,220,711	)
Net loss per common share
Basic		(0.07	)		(0.56	)		(0.03	)		(0.66	)
Diluted		(0.07	)		(0.56	)		(0.03	)		(0.66	)
Statement of cash flows
Net loss	$	(122,219	)	$	(1,042,675	)	$	(55,817	)	$	(1,220,711	)
Changes in current assets and current liabilities:
Deferred revenue		–			1,042,675			–			1,042,675
Inventory reserve		(196,594	)		–			55,817			(140,777	)