18. Segment Reporting

12 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Reporting

The Company operates in three segments which are characterized as: (1) Manufacturing, (2) Retail Online and (3) Services. The Manufacturing Segment consists of Marquis Industries, Inc., the Retail Online segment consists of Vintage Stock, Inc., 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, 2017 and 2016:

	Year Ended		Year Ended
	September 30, 2017		September 30, 2016
	Net		Net
	Revenue		Revenue
Revenue
Used Movies, Music, Games and Other	$	40,752,981	$	–
New Movies, Music, Games and Other		29,522,356		–
Rentals, Concessions and Other		1,116,308		–
Kitchen and Home Products		128,904		5,438,007
Carpets		57,510,294		56,572,212
Hard Surface Products		16,211,404		11,254,131
Synthetic Turf Products		5,964,633		4,683,014
Directory Services		854,052		1,006,883
Total Revenue	$	152,060,932	$	78,954,247

	Year Ended September 30,
	2017		2016
			(Restated)
Revenues
Retail and Online	$	71,520,549	$	5,438,007
Manufacturing		79,686,331		72,509,357
Services		854,052		1,006,883
	$	152,060,932	$	78,954,247
Gross profit
Retail and Online	$	41,101,989	$	1,238,317
Manufacturing		20,653,006		17,771,735
Services		811,640		964,818
	$	62,566,635	$	19,974,870
Operating income (loss)
Retail and Online	$	8,875,855	$	(5,172,406	)
Manufacturing		8,414,684		6,529,469
Services		808,838		961,186
	$	18,099,377	$	2,318,249
Depreciation and amortization
Retail and Online	$	2,074,574	$	284,593
Manufacturing		2,950,974		2,840,718
Services		–		–
	$	5,025,548	$	3,125,311
Interest expenses
Retail and Online	$	5,879,447	$	2,947,294
Manufacturing		1,717,538		1,073,253
Services		–		–
	$	7,596,985	$	4,020,547
Net income (loss) before provision for income taxes
Retail and Online	$	3,096,109	$	2,947,294
Manufacturing		6,678,652		1,073,253
Services		808,838		–
	$	10,583,599	$	4,020,547