Quarterly report pursuant to Section 13 or 15(d)

17. Segment Reporting

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17. Segment Reporting
6 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
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 March 31, 2017 and 2016:

 

    Three Months Ended March 31,     Six Months Ended March 31,  
    2017     2016     2017     2016  
                         
Revenues                      
 Retail and Online   $ 19,975,533     $ 1,135,110     $ 34,752,256     $ 4,776,752  
 Manufacturing     18,343,692       18,448,094       35,531,226       34,638,124  
 Services     217,200       256,719       441,607       529,481  
    $ 38,536,425     $ 19,839,923     $ 70,725,089     $ 39,944,357  
                                 
Gross profit                                
 Retail and Online   $ 11,084,654     $ 255,204     $ 19,123,899     $ 1,850,459  
 Manufacturing     5,186,082       5,105,793       9,577,738       9,659,467  
 Services     204,634       245,202       418,965       506,148  
    $ 16,475,370     $ 5,606,199     $ 29,120,602     $ 12,016,074  
                                 
Operating income (loss)                                
 Retail and Online   $ 2,535,159     $ (1,395,769 )   $ 4,250,763     $ (2,299,574 )
 Manufacturing     2,531,388       2,349,500       4,281,011       4,040,985  
 Services     204,310       244,747       418,151       504,319  
    $ 5,270,857     $ 1,198,478     $ 8,949,925     $ 2,245,730  
                                 
Depreciation and amortization                                
 Retail and Online   $ 326,675     $ 67,967     $ 555,106     $ 136,243  
 Manufacturing     761,523       447,219       1,468,139       924,775  
 Services                        
    $ 1,088,198     $ 515,186     $ 2,023,245     $ 1,061,018  
                                 
Interest Expenses                                
 Retail and Online   $ 1,603,120     $ 44,066     $ 2,682,426     $ 110,973  
 Manufacturing     431,933       290,920       802,103       569,496  
 Services                        
    $ 2,035,053     $ 334,986     $ 3,484,529     $ 680,469  
                                 
Net income (loss) before provision for income taxes                                
 Retail and Online   $ 1,193,591     $ (935,830 )   $ 2,016,338     $ (1,745,298 )
 Manufacturing     1,981,175       1,911,769       3,216,069       3,186,532  
 Services     204,310       242,569       418,151       491,596  
    $ 3,379,076     $ 1,218,508     $ 5,650,558     $ 1,932,830  

  

    As of     As of  
    March 31,     September 30,  
    2017     2016  
 Total Assets                
 Retail and Online   $ 43,037,955     $ 15,053,993  
 Manufacturing     43,695,402       38,333,437  
 Services     34,735,272       79,970  
    $ 121,468,629     $ 53,467,400  
                 
 Intangible assets                
 Retail and Online   $ 41,543,268     $ 1,287,338  
 Manufacturing     387,818       402,452  
 Services            
    $ 41,931,086     $ 1,689,790