| Segment Reporting |
The Company
operates in three segments which are characterized as: (1) Manufacturing, (2) Retail and Online and (3) Services. The Manufacturing
Segment consists of Marquis Industries, the Retail and Online segment consists of Vintage Stock, Modern Everyday and LiveDeal.com,
and the Services segment consists of the directory services business.
The following tables summarize
segment information for the three months ended December 31, 2016 and 2015:
|
|
Three Months Ended
December 31, |
|
| |
|
2016 |
|
|
2015 |
|
| Revenues |
|
|
|
|
|
|
| Retail and Online |
|
$ |
14,776,723 |
|
|
$ |
3,641,642 |
|
| Manufacturing |
|
|
17,187,534 |
|
|
|
16,190,030 |
|
| Services |
|
|
224,407 |
|
|
|
272,762 |
|
| |
|
$ |
32,188,664 |
|
|
$ |
20,104,434 |
|
| Gross profit |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
8,067,608 |
|
|
$ |
1,595,255 |
|
| Manufacturing |
|
|
4,363,293 |
|
|
|
4,553,674 |
|
| Services |
|
|
214,331 |
|
|
|
260,946 |
|
| |
|
$ |
12,645,232 |
|
|
$ |
6,409,875 |
|
| Operating income (loss) |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
1,743,967 |
|
|
$ |
(903,805 |
) |
| Manufacturing |
|
|
1,721,260 |
|
|
|
1,691,485 |
|
| Services |
|
|
213,841 |
|
|
|
259,572 |
|
| |
|
$ |
3,679,068 |
|
|
$ |
1,047,252 |
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
228,431 |
|
|
$ |
68,276 |
|
| Manufacturing |
|
|
706,616 |
|
|
|
477,556 |
|
| Services |
|
|
– |
|
|
|
0 |
|
| |
|
$ |
935,047 |
|
|
$ |
545,832 |
|
| Interest Expenses |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
1,079,306 |
|
|
$ |
66,907 |
|
| Manufacturing |
|
|
370,170 |
|
|
|
278,576 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
1,449,476 |
|
|
$ |
345,483 |
|
| Net income (loss) before provision for income
taxes |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
851,110 |
|
|
$ |
(809,468 |
) |
| Manufacturing |
|
|
1,206,531 |
|
|
|
1,274,763 |
|
| Services |
|
|
213,841 |
|
|
|
249,027 |
|
| |
|
$ |
2,271,482 |
|
|
$ |
714,322 |
|
|
|
As of |
|
|
As of |
|
| , |
|
December 31, |
|
|
September 30, |
|
| |
|
|
2016 |
|
|
|
2016 |
|
| Total Assets |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
80,106,152 |
|
|
$ |
15,053,993 |
|
| Manufacturing |
|
|
40,162,883 |
|
|
|
38,333,437 |
|
| Services |
|
|
68,932 |
|
|
|
79,970 |
|
| |
|
$ |
120,337,967 |
|
|
$ |
53,467,400 |
|
| Intangible assets |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
2,634,236 |
|
|
$ |
1,287,338 |
|
| Manufacturing |
|
|
395,135 |
|
|
|
402,452 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
3,029,371 |
|
|
$ |
1,689,790 |
|
|