Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Sep. 30, 2014
Assets    
Cash and cash equivalents $ 2,727,818 $ 8,114,682
Accounts receivable, net 8,243,992 854,583
Inventories, net 13,335,598 4,277,145
Prepaid expenses and other current assets 1,522,027 583,647
Total current assets 25,829,435 13,830,057
Property and equipment, net 12,481,901 153,114
Deposits and other assets 36,090 65,161
Intangible assets, net 1,516,930 3,071,210
Goodwill 800,000 1,169,904
Total assets 40,664,356 18,289,446
Liabilities:    
Accounts payable 5,536,796 2,282,887
Accrued liabilities 3,660,949 1,046,030
Income tax payable 376,000 0
Derivative liability 0 83,580
Note payable, net of debt discount 1,443,036 920,360
Total current liabilities 11,016,781 4,332,857
Notes payable, net of current portion 14,568,190 638,969
Note payable, related party 6,495,825 0
Contingent consideration from business combination 316,000 251,000
Total Liabilities $ 32,396,796 $ 5,222,826
Commitments and contingencies
Stockholders' equity:    
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 127,840 shares issued and outstanding at September 30, 2015 and September 30, 2014, liquidation preference $38,203 $ 10,866 $ 10,866
Common stock, $0.001 par value, 30,000,000 shares authorized, 16,903,014 and 14,525,248 shares issued and outstanding at September 30, 2015 and 2014, respectively 16,908 14,531
Paid in capital 52,950,945 45,038,176
Accumulated deficit (46,665,003) (31,996,953)
Total Live Ventures stockholders' equity 6,313,716 13,066,620
Noncontrolling interest 1,953,844 0
Total Equity 8,267,560 13,066,620
Total liabilities and equity $ 40,664,356 $ 18,289,446