17. Segment Reporting

3 Months Ended

Dec. 31, 2016

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 December 31, 2016 and 2015:

	Three Months Ended December 31,
	2016		2015
Revenues
Retail and Online	$	14,776,723	$	3,641,642
Manufacturing		17,187,534		16,190,030
Services		224,407		272,762
	$	32,188,664	$	20,104,434
Gross profit
Retail and Online	$	8,067,608	$	1,595,255
Manufacturing		4,363,293		4,553,674
Services		214,331		260,946
	$	12,645,232	$	6,409,875
Operating income (loss)
Retail and Online	$	1,743,967	$	(903,805	)
Manufacturing		1,721,260		1,691,485
Services		213,841		259,572
	$	3,679,068	$	1,047,252
Depreciation and amortization
Retail and Online	$	228,431	$	68,276
Manufacturing		706,616		477,556
Services		–		0
	$	935,047	$	545,832
Interest Expenses
Retail and Online	$	1,079,306	$	66,907
Manufacturing		370,170		278,576
Services		–		–
	$	1,449,476	$	345,483
Net income (loss) before provision for income taxes
Retail and Online	$	851,110	$	(809,468	)
Manufacturing		1,206,531		1,274,763
Services		213,841		249,027
	$	2,271,482	$	714,322

	As of		As of
,	December 31,		September 30,
		2016		2016
Total Assets
Retail and Online	$	80,106,152	$	15,053,993
Manufacturing		40,162,883		38,333,437
Services		68,932		79,970
	$	120,337,967	$	53,467,400
Intangible assets
Retail and Online	$	2,634,236	$	1,287,338
Manufacturing		395,135		402,452
Services		–		–
	$	3,029,371	$	1,689,790