17. Segment Reporting

12 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

The Company operates in three segments which are characterized as: (1) Manufacturing, (2) Marketplace Platform and (3) Services. The Manufacturing Segment consists of Marquis Industries, Inc., the Marketplace Platform segment consists of livedeal.com and Modern Everyday, Inc., and the Services segment consists of the Local Exchange Carrier billings business and Velocity Local.

The following tables summarize segment information for the years ended September 30, 2016 and 2015:

	Twelve Months Ended September 30,
	2016			2015
Revenues
Marketplace platform	$	5,438,007		$	15,868,448
Manufacturing		72,509,357			16,006,683
Services		1,006,883			1,494,735
	$	78,954,247		$	33,369,866
Gross profit
Marketplace platform	$	1,238,317		$	5,724,186
Manufacturing		17,771,735			4,187,026
Services		964,818			1,343,182
	$	19,974,870		$	11,254,394
Operating income (loss)
Marketplace platform	$	(5,172,406	)	$	(11,807,737	)
Manufacturing		6,529,469			563,503
Services		961,186			1,107,967
	$	2,318,249		$	(10,136,267	)
Depreciation and amortization
Marketplace platform	$	284,593		$	633,732
Manufacturing		2,840,718			402,250
Services		–			11,770
	$	3,125,311		$	1,047,752
Interest Expenses
Marketplace platform	$	2,947,294		$	4,214,171
Manufacturing		1,073,253			271,490
Services		–			–
	$	4,020,547		$	4,485,661
Provision for income taxes
Marketplace platform	$	(12,907,201	)	$	–
Manufacturing		413,980			376,000
Services		–			–
	$	(12,493,221	)	$	376,000
Net income (loss)
Marketplace platform	$	6,604,121		$	(15,435,765	)
Manufacturing		9,250,473			(184,841	)
Services		2,099,457			954,477
	$	17,954,051		$	(14,666,129	)

	As of September 30, 2016		As of September 30, 2015
Total Assets
Marketplace platform	$	15,053,993	$	6,811,977
Manufacturing		38,333,437		33,714,344
Services		79,970		138,035
	$	53,467,400	$	40,664,356
Intangible assets
Marketplace platform	$	1,287,338	$	1,516,930
Manufacturing		402,452		800,000
Services		–		–
	$	1,689,790	$	2,316,930