15. Segment Reporting

3 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

The Company operates in three segments which are characterized as:  (1) legacy merchant’s services, (2) online marketplace platform and (3) manufacturing. The legacy merchants’ services consists of directory services, the online marketplace platform consists of livedeal.com and the fiscal 2014 acquisitions of consumer products entities and the manufacturing segment consists of the 2015 acquisition of Marquis Industries.

The following tables summarize segment information for the three months ended December 31, 2015 and 2014:

	Three Months Ended December 31,
	2015			2014
Revenues
Marketplace platform	$	3,641,642		$	7,597,068
Manufacturing		16,190,030			–
Services		272,762			409,984
	$	20,104,434		$	8,007,052
Gross profit
Marketplace platform	$	1,595,255		$	2,879,923
Manufacturing		4,553,674			–
Services		260,946			357,033
	$	6,409,875		$	3,236,956
Operating income (loss)
Marketplace platform	$	(903,745	)	$	(1,158,430	)
Manufacturing		1,691,630			–
Services		259,367			290,541
	$	1,047,252		$	(867,889	)
Depreciation and amortization
Marketplace platform	$	68,276		$	164,522
Manufacturing		477,556			–
Services		–			–
	$	545,832		$	164,522
Interest Expenses
Marketplace platform	$	66,907		$	4,191,630
Manufacturing		278,576			–
Services		–			–
	$	345,483		$	4,191,630
Provision for income taxes
Marketplace platform	$	–		$	–
Manufacturing		413,980			–
Services		–			–
	$	413,980		$	–
Net income (loss)
Marketplace platform	$	(809,468	)	$	(5,237,975	)
Manufacturing		860,783			–
Services		249,027			290,541
	$	300,342		$	(4,947,434	)

		As of December 31, 2015		As of September 30, 2015
Total Assets
Marketplace platform	$	5,631,579	$	6,811,977
Manufacturing		32,962,806		33,714,344
Services		313,045		138,035
	$	38,907,430	$	40,664,356
Intangible assets
Marketplace platform	$	1,458,999	$	1,516,930
Manufacturing		800,000		800,000
Services		–		–
	$	2,258,999	$	2,316,930