Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Revenues $ 38,536,425 $ 19,839,923 $ 70,725,089 $ 39,944,357
Cost of revenues 22,061,055 14,233,724 41,604,487 27,928,283
Gross profit 16,475,370 5,606,199 29,120,602 12,016,074
Operating expenses:        
General and administrative expenses 9,149,865 2,158,398 16,208,539 4,524,271
Sales and marketing expenses 2,054,648 2,249,323 3,962,138 5,246,073
Total operating expenses 11,204,513 4,407,721 20,170,677 9,770,344
Operating income 5,270,857 1,198,478 8,949,925 2,245,730
Other income (expense):        
Interest expense, net (2,035,053) (334,986) (3,484,529) (680,469)
Other income 143,272 355,016 185,162 367,569
Total other (expense) income, net (1,891,781) 20,030 (3,299,367) (312,900)
Income before provision for income taxes 3,379,076 1,218,508 5,650,558 1,932,830
Current tax expense:        
Federal 238,274 0 268,705 353,691
State 198,977 0 243,320 60,289
Total Current tax expense 437,251 0 512,025 413,980
Deferred tax expense        
Federal 891,181 0 1,598,673 0
State 209,978 0 270,621 0
Total Deferred Tax Expense 1,101,159 0 1,869,294 0
Total provision for income taxes 1,538,410 0 2,381,319 413,980
Net income 1,840,666 1,218,508 3,269,239 1,518,850
Net income attributed to noncontrolling interest 0 0 0 124,194
Net income attributed to Live Ventures Incorporated $ 1,840,666 $ 1,218,508 $ 3,269,239 $ 1,394,656
Earnings per share - basic $ .89 $ .43 $ 1.61 $ .49
Earnings per share - diluted $ 0.47 $ .37 $ .84 $ .42
Weighted average common shares outstanding - basic 2,058,064 2,815,951 2,029,023 2,816,734
Weighted average common shares outstanding - diluted 3,917,228 3,265,638 3,874,666 3,289,712