16. Segment Reporting

6 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

The Company operates in three segments which are characterized as: (1) Manufacturing, (2) Retail and Online and (3) Services. The Manufacturing Segment consists of Marquis Industries, the Retail and Online segment consists of Vintage Stock, Modern Everyday and LiveDeal.com, and the Services segment consists of the directory services business.

The following tables summarize segment information for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,					Six Months Ended March 31,
	2017		2016			2017		2016
Revenues
Retail and Online	$	19,975,533	$	1,135,110		$	34,752,256	$	4,776,752
Manufacturing		18,343,692		18,448,094			35,531,226		34,638,124
Services		217,200		256,719			441,607		529,481
	$	38,536,425	$	19,839,923		$	70,725,089	$	39,944,357
Gross profit
Retail and Online	$	11,084,654	$	255,204		$	19,123,899	$	1,850,459
Manufacturing		5,186,082		5,105,793			9,577,738		9,659,467
Services		204,634		245,202			418,965		506,148
	$	16,475,370	$	5,606,199		$	29,120,602	$	12,016,074
Operating income (loss)
Retail and Online	$	2,535,159	$	(1,395,769	)	$	4,250,763	$	(2,299,574	)
Manufacturing		2,531,388		2,349,500			4,281,011		4,040,985
Services		204,310		244,747			418,151		504,319
	$	5,270,857	$	1,198,478		$	8,949,925	$	2,245,730
Depreciation and amortization
Retail and Online	$	326,675	$	67,967		$	555,106	$	136,243
Manufacturing		761,523		447,219			1,468,139		924,775
Services		–		–			–		–
	$	1,088,198	$	515,186		$	2,023,245	$	1,061,018
Interest Expenses
Retail and Online	$	1,603,120	$	44,066		$	2,682,426	$	110,973
Manufacturing		431,933		290,920			802,103		569,496
Services		–		–			–		–
	$	2,035,053	$	334,986		$	3,484,529	$	680,469
Net income (loss) before provision for income taxes
Retail and Online	$	1,193,591	$	(935,830	)	$	2,016,338	$	(1,745,298	)
Manufacturing		1,981,175		1,911,769			3,216,069		3,186,532
Services		204,310		242,569			418,151		491,596
	$	3,379,076	$	1,218,508		$	5,650,558	$	1,932,830

		As of		As of
		March 31,		September 30,
		2017		2016
Total Assets
Retail and Online	$	43,037,955	$	15,053,993
Manufacturing		43,695,402		38,333,437
Services		34,735,272		79,970
	$	121,468,629	$	53,467,400
Intangible assets
Retail and Online	$	41,543,268	$	1,287,338
Manufacturing		387,818		402,452
Services		–		–
	$	41,931,086	$	1,689,790