Quarterly report pursuant to Section 13 or 15(d)

17. Segment Reporting

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17. Segment Reporting
3 Months Ended
Dec. 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, ApplianceSmart, 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, 2017 and 2016:

 

    Three Months Ended December 31,  
    2017     2016  
    (Unaudited)   
Revenues                
Retail and Online   $ 21,293,471     $ 14,776,723  
Manufacturing     18,878,535       17,187,534  
Services     196,058       224,407  
    $ 40,368,064     $ 32,188,664  
                 
Gross profit                
Retail and Online   $ 11,455,802     $ 8,067,608  
Manufacturing     4,752,568       4,363,293  
Services     187,520       214,331  
    $ 16,395,890     $ 12,645,232  
                 
Operating income                
Retail and Online   $ 2,231,476     $ 1,743,967  
Manufacturing     1,502,254       1,721,260  
Services     187,058       213,841  
    $ 3,920,788     $ 3,679,068  
                 
Depreciation and amortization                
Retail and Online   $ 677,461     $ 228,431  
Manufacturing     718,444       706,616  
Services            
    $ 1,395,905     $ 935,047  
                 
Interest expense, net                
Retail and Online   $ 2,022,407     $ 1,079,306  
Manufacturing     445,905       370,170  
Services            
    $ 2,468,312     $ 1,449,476  
                 
Net income before provision for income taxes                
Retail and Online   $ 4,052,595     $ 851,110  
Manufacturing     1,063,393       1,206,531  
Services     187,058       213,841  
    $ 5,303,046     $ 2,271,482  

 

 

    As of     As of  
    December 31,     September 30,  
    2017     2017  
Total assets                
Retail and Online   $ 85,459,467     $ 81,703,371  
Manufacturing     46,611,136       46,783,429  
Services     85,422       107,795  
    $ 132,156,025     $ 128,594,595  
                 
Intangible assets and goodwill                
Retail and Online   $ 40,574,539     $ 40,778,865  
Manufacturing     365,867       373,184  
Services            
    $ 40,940,406     $ 41,152,049  
                 
Cost of revenue                
Retail and Online   $ 9,837,669     $ 6,709,115  
Manufacturing     14,125,967       12,824,241  
Services     8,538       10,076  
    $ 23,972,174     $ 19,543,432  
                 
                 
G&A                
Retail and Online   $ 9,011,603     $ 6,063,363  
Manufacturing     1,387,066       994,821  
Services     461       490  
    $ 10,399,130     $ 7,058,674  
                 
Sales and marketing                
Retail and Online   $ 212,723     $ 260,278  
Manufacturing     1,863,248       1,647,212  
Services     1        
    $ 2,075,972     $ 1,907,490  
                 
Other income                
Retail and Online   $ 3,843,526     $ 186,449  
Manufacturing     7,044       (144,559 )
Services            
    $ 3,850,570     $ 41,890