16. Business Combinations

6 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Business Combinations

On July 6 and July 7, 2015, the Company entered into a series of agreements in connection with its indirect purchase of Marquis Industries, Inc., a Georgia corporation, and its subsidiaries. The purchase price allocation made by the Company as disclosed in the footnotes to its audited financial statements included in Form 10K is preliminary and subject to change. The Company has not yet completed its analysis to determine the fair value of inventory, property and equipment and a mezzanine loan on the acquisition date. Once this analysis is complete, the Company will adjust, if necessary, the provisional amounts assigned to inventory, property and equipment and a mezzanine loan in the accounting period in which the analysis is completed.

The unaudited pro forma information below present statement of operations data for the six months ended March 31, 2015 as if the acquisition of Marquis Industries took place on October 1, 2014.

	Six Months Ended
	March 31
	2015
	(unaudited)
Net revenue	$	43,773,603
Gross profit		13,268,198
Operating income		1,695,997
Net loss		(4,632,009	)
Loss per share		(0.30	)