Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Sep. 30, 2015
Assets    
Cash and cash equivalents $ 770,895 $ 2,727,818
Trade and other receivables, net 8,334,801 8,243,992
Inventories, net 11,053,085 13,335,598
Prepaid expenses and other current assets 5,059,981 1,522,027
Total current assets 25,218,762 25,829,435
Property and equipment, net 14,014,501 12,481,901
Deposits and other assets 19,765 36,090
Deferred taxes 12,524,582 0
Intangible assets, net 1,689,791 1,516,930
Goodwill 0 800,000
Total assets 53,467,400 40,664,356
Liabilities:    
Accounts payable 5,402,654 5,536,796
Accrued liabilities 6,396,772 3,660,949
Income tax payable 0 376,000
Current portion of long term debt 1,789,290 1,443,036
Total current liabilities 13,588,716 11,016,781
Notes payable, net of current portion 13,682,872 14,568,190
Note payable, related party 2,000,000 6,495,825
Contingent consideration from business combination 0 316,000
Total Liabilities 29,271,588 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 September 30, 2016 and September 30, 2015, liquidation preference $38,352 10,866 10,866
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,819,327 shares issued and 2,789,205 shares outstanding at September 30, 2016; 2,817,169 shares issued and 2,817,169 shares outstanding at September 30, 2015 2,819 2,817
Paid in capital 53,319,217 52,965,036
Treasury stock (30,122 shares) (300,027) 0
Accumulated deficit (28,837,063) (46,665,003)
Total Live Ventures stockholders' equity 24,195,812 6,313,716
Noncontrolling interest 0 1,953,844
Total equity 24,195,812 8,267,560
Total liabilities and equity $ 53,467,400 $ 40,664,356