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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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3 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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| OPERATING ACTIVITIES: | ||
| Net loss | $ (4,947,434)us-gaap_NetIncomeLoss | $ (408,158)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 164,522us-gaap_DepreciationAndAmortization | 104,710us-gaap_DepreciationAndAmortization |
| Non-cash interest expense associated with convertible debt and warrants | 2,187,563LIVE_NoncashInterestExpenseAssociatedWithConvertibleDebtAndWarrants | 0LIVE_NoncashInterestExpenseAssociatedWithConvertibleDebtAndWarrants |
| Non-cash interest expense associated with loan fees | 2,004,202us-gaap_OtherNoncashExpense | 0us-gaap_OtherNoncashExpense |
| Non-cash change in fair value of derivative liability | (83,580)us-gaap_UnrealizedGainLossOnDerivatives | 0us-gaap_UnrealizedGainLossOnDerivatives |
| Stock based compensation expense | 29,390us-gaap_ShareBasedCompensation | 65,875us-gaap_ShareBasedCompensation |
| Non-cash issuance of common stock for services | 82,127us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 22,506us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
| Provision for uncollectible accounts | 1,700us-gaap_ProvisionForDoubtfulAccounts | (24,072)us-gaap_ProvisionForDoubtfulAccounts |
| Changes in assets and liabilities: | ||
| Accounts receivable | (555,591)us-gaap_IncreaseDecreaseInAccountsReceivable | 58,426us-gaap_IncreaseDecreaseInAccountsReceivable |
| Prepaid expenses and other current assets | 75,546us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (14,041)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Inventory | 673,857us-gaap_IncreaseDecreaseInInventories | 0us-gaap_IncreaseDecreaseInInventories |
| Deposits and other assets | 265us-gaap_IncreaseDecreaseInDepositOtherAssets | 0us-gaap_IncreaseDecreaseInDepositOtherAssets |
| Accounts payable | (1,118,797)us-gaap_IncreaseDecreaseInAccountsPayable | (8,947)us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued liabilities | 183,453us-gaap_IncreaseDecreaseInAccruedLiabilities | (39,462)us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Net cash used in operating activities | (1,302,777)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (243,163)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| INVESTING ACTIVITIES: | ||
| Expenditures for intangible assets | (20,714)us-gaap_PaymentsToAcquireIntangibleAssets | (563)us-gaap_PaymentsToAcquireIntangibleAssets |
| Purchases of property and equipment | (28,798)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (6,167)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Net cash used in investing activities | (49,512)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (6,730)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| FINANCING ACTIVITIES: | ||
| Payments on notes payable | (346,182)us-gaap_RepaymentsOfNotesPayable | 0us-gaap_RepaymentsOfNotesPayable |
| Proceeds from issuance of convertible debt | 100,000us-gaap_ProceedsFromConvertibleDebt | 0us-gaap_ProceedsFromConvertibleDebt |
| Net cash used in financing activities | (246,182)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 0us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| DECREASE IN CASH AND CASH EQUIVALENTS | (1,598,471)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (249,893)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH AND CASH EQUIVALENTS, beginning of period | 8,114,682us-gaap_CashAndCashEquivalentsAtCarryingValue | 761,458us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH AND CASH EQUIVALENTS, end of period | 6,516,211us-gaap_CashAndCashEquivalentsAtCarryingValue | 511,565us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental cash flow disclosures: | ||
| Interest paid | 16,612us-gaap_InterestPaidNet | 686us-gaap_InterestPaidNet |
| Income taxes paid | 0us-gaap_IncomeTaxesPaidNet | 0us-gaap_IncomeTaxesPaidNet |
| Noncash financing and investing activities: | ||
| Recognition of contingent beneficial conversion feature | 100,000LIVE_RecognitionOfContingentBeneficialConversionFeature | 0LIVE_RecognitionOfContingentBeneficialConversionFeature |
| Conversion of notes payable and accrued interest into common stock | 635,756us-gaap_ConversionOfStockAmountConverted1 | 0us-gaap_ConversionOfStockAmountConverted1 |
| Accrued and unpaid dividends | $ 483us-gaap_Dividends | $ 480us-gaap_Dividends |
| X | ||||||||||
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- Definition
Non-cash interest expense associated with convertible debt and warrants No definition available.
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- Definition
Recognition of contingent beneficial conversion feature No definition available.
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in moneys or securities given as security including, but not limited to, contract, escrow, or earnest money deposits, retainage (if applicable), deposits with clearing organizations and others, collateral, or margin deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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