Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]    
Revenues $ 78,954,247 $ 33,369,866
Cost of revenues 58,979,377 22,115,472
Gross profit 19,974,870 11,254,394
Operating expenses:    
General and administrative expenses 8,543,877 10,992,356
Sales and marketing expenses 9,112,744 6,684,833
Impairment of intangible assets 0 3,713,472
Total operating expenses 17,656,621 21,390,661
Operating income (loss) 2,318,249 (10,136,267)
Other income (expense):    
Interest expense, net (4,020,547) (4,485,661)
Other income 2,589,160 202,063
Bargain purchase gain on acquisition 4,573,968 0
Gain on deriative liability 0 83,580
Total other income (expense), net 3,142,581 (4,200,018)
Income (loss) before provision for income taxes 5,460,830 (14,336,285)
Current tax expense:    
Federal 0 320,000
State 31,361 56,000
Total Current tax expense 31,361 376,000
Deferred tax expense    
Federal (12,524,582) 0
State 0 0
Total Deferred Tax Expense (12,524,582) 0
Total provision (benefit) for income taxes (12,493,221) 376,000
Net income (loss) 17,954,051 (14,712,285)
Net income (loss) attributed to noncontrolling interest 124,194 (46,156)
Net income (loss) attributed to Live Ventures Incorporated $ 17,829,857 $ (14,666,129)
Earnings (loss) per share - basic $ 6.33 $ (5.58)
Earnings (loss) per share - diluted $ 5.40 $ (5.58)
Weighted average common shares outstanding - basic 2,815,072 2,627,636
Weighted average common shares outstanding - diluted 3,303,698 2,627,636