Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2016
Sep. 30, 2015
Assets    
Cash and cash equivalents $ 3,133,422 $ 2,727,818
Accounts receivable, net 8,640,663 8,243,992
Inventories, net 10,763,723 13,335,598
Prepaid expenses and other current assets 1,466,178 1,522,027
Total current assets 24,003,986 25,829,435
Property and equipment, net 13,651,146 12,481,901
Deposits and other assets 19,765 36,090
Deferred taxes 12,254,278 0
Intangible assets, net 1,343,138 1,516,930
Goodwill 800,000 800,000
Total assets 52,072,313 40,664,356
Liabilities:    
Accounts payable 6,093,712 5,536,796
Accrued liabilities 3,995,302 3,660,949
Income tax payable 0 376,000
Note payable 1,811,701 1,443,036
Total current liabilities 11,900,715 11,016,781
Notes payable, net of current portion 16,953,378 14,568,190
Note payable, related party 1,989,846 6,495,825
Contingent consideration from business combination 0 316,000
Total Liabilities 30,843,939 32,396,796
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 June 30, 2016 and September 30, 2015, liquidation preference $38,203 10,866 10,866
Common stock, $0.001 par value, 30,000,000 shares authorized, 16,917,406 shares issued and 16,793,743 shares outstanding at June 30, 2016; 16,903,014 shares issued and 16,903,014 shares outstanding at September 30, 2015 16,923 16,908
Paid in capital 53,306,178 52,950,945
Treasury stock (123,663 shares) (202,005) 0
Accumulated deficit (31,903,588) (46,665,003)
Total Live Ventures stockholders' equity 21,228,374 6,313,716
Noncontrolling interest 0 1,953,844
Total equity 21,228,374 8,267,560
Total liabilities and equity $ 52,072,313 $ 40,664,356