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 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues $ 41,377,493 $ 19,994,363 $ 112,102,582 $ 59,938,720
Cost of revenues 24,383,596 14,894,949 65,988,083 42,823,232
Gross profit 16,993,897 5,099,414 46,114,499 17,115,488
Operating expenses:        
General and administrative expenses 9,335,904 2,172,366 25,544,443 6,696,637
Sales and marketing expenses 2,274,866 1,869,830 6,237,004 7,115,903
Total operating expenses 11,610,770 4,042,196 31,781,447 13,812,540
Operating income 5,383,127 1,057,218 14,333,052 3,302,948
Other (expense) income:        
Interest expense, net (2,127,790) (270,007) (5,612,319) (950,476)
Other income 12,652 326,708 197,814 694,277
Total other (expense) income, net (2,115,138) 56,701 (5,414,505) (256,199)
Income before provision for income taxes 3,267,989 1,113,919 8,918,547 3,046,749
Current tax expense:        
Federal 29,685 0 298,390 0
State (40,998) 0 202,322 0
Total Current tax expense (11,313) 0 500,712 0
Deferred tax expense (benefit):        
Federal 1,114,588 (12,254,278) 2,713,261 (11,840,298)
State 36,671 0 307,292 0
Total Deferred tax expense (benefit) 1,151,259 (12,254,278) 3,020,553 (11,840,298)
Total provision (benefit) for income taxes 1,139,946 (12,254,278) 3,521,265 (11,840,298)
Net income 2,128,043 13,368,197 5,397,282 14,887,047
Net income attributed to noncontrolling interest 0 0 0 124,194
Net income attributed to Live Ventures Incorporated $ 2,128,043 $ 13,368,197 $ 5,397,282 $ 14,762,853
Earnings per share - basic $ 1.04 $ 4.76 $ 2.36 $ 5.25
Earnings per share - diluted $ 0.55 $ 4.05 $ 1.31 $ 4.48
Weighted average common shares outstanding - basic 2,044,767 2,806,060 2,289,646 2,813,192
Weighted average common shares outstanding - diluted 3,869,248 3,297,012 4,131,912 3,292,507