5. Acquisitions (Tables)

12 Months Ended

Sep. 30, 2016

	(Restated) Total
Cash and cash equivalents	$	496,944
Accounts receivable		7,262,188
Inventory		11,717,113
Prepaid and other current assets		1,518,430
Property and equipment		16,392,695
Intangible - customer relationships		439,039
Bargain purchase gain (1)		(1,499,345	)
Deferred taxes (1)		(3,074,623	)
Accounts payable		(4,139,830	)
Accrued expenses		(433,989	)
Non-controlling interest (2)		(2,000,000	)
	$	26,678,622		(3)

______________

(1)

– see note 4

(2)

– non-controlling interest was valued at the price paid by the Company when it subsequently purchased the remaining 20% of Marquis.

(3)

- includes $4,800,000 of cash, $6,495,825 from a mezzanine loan from Isaac Capital fund, and $15,382,797 from Bank of America Term and Revolver Loan.

	(Restated)
Depreciation expense	$	227,654
Amortization expense		6,117
Cost of revenue		1,080,051
Bargain purchase gain on acquisition		1,499,345

Cash and cash equivalents	$	272,590
Trade and other receivables		177,338
Inventory		18,711,192
Prepaid expenses and other current assets		814,201
Property and equipment		4,859,676
Intangible - leases		1,033,412
Intangible - trade names		1,200,000
Intangible - customer list		50,000
Intangible - customer relationship		1,000,000
Goodwill		36,946,735
Notes payable		(542,074	)
Accounts payable		(5,165,612	)
Accrued expenses		(1,703,760	)
	$	57,653,698

		Year Ended September 30, 2017	Year Ended September 30, 2016
Net revenue	$	76,133,061	$	65,493,122
Gross profit		43,735,263		37,482,534
Operating income		11,167,940		11,674,745
Net income		5,517,942		3,285,387
Earnings per basic common share	$	2.50	$	1.17