|
COMMITMENTS AND CONTINGENCIES
|
12 Months Ended |
|---|---|
|
Sep. 30, 2012
|
|
| COMMITMENTS AND CONTINGENCIES [Abstract] | |
| COMMITMENTS AND CONTINGENCIES |
NOTE 11 - COMMITMENTS AND CONTINGENCIES
OBLIGATIONS UNDER OPERATING LEASES
The Company leases approximately 3,400 square feet for its principal offices in Boca Raton, Florida at a monthly rental of approximately $6,500. The lease, which provides for annual increases of base rent of 4%, expires on November 30, 2014.
Future lease commitments are as follows for the years ended September 30: 2013 $ 79,904 2014 83,100 $ 163,004
Rental expense incurred during the years ended September 30, 2012 and 2011 was $76,905 and $82,578, respectively.
MAJOR CUSTOMER
Approximately 60% of the Company's revenues for the year ended September 30, 2012 was derived from three customers.
MAJOR SUPPLIER AND SOLE MANUFACTURING SOURCE
During 2012 and 2011, the Company's unified group communication services business relied primarily on one major vendor to supply its software development platform. During the years ended September 30, 2012 and 2011, this vendor represented approximately 36% and 67%, respectively, of the total cost of revenue. The Company has contracted with a single local manufacturing facility to maintain its component parts inventory and to assemble its developed line of IP gateway devices. Interruption to either its software vendor or manufacturing source presents additional risk to the Company. The Company believes that other commercial facilities exist at competitive rates to match the resources and capabilities of its existing manufacturing source. |