Quarterly report pursuant to Section 13 or 15(d)

5. Acquisition (Tables)

v3.8.0.1
5. Acquisition (Tables)
6 Months Ended
Mar. 31, 2018
VSAH [Member]  
Schedule of acquired assets and liabilities
Cash and cash equivalents   $ 272,590  
Trade and other receivables     177,338  
Inventory     18,711,192  
Prepaid expenses and other current assets     814,201  
Property and equipment     4,859,676  
Intangible - leases     1,033,412  
Intangible - trade names     1,200,000  
Intangible - customer list     50,000  
Intangible - customer relationship     1,000,000  
Goodwill     36,946,735  
Notes payable     (542,074 )
Accounts payable     (5,165,612 )
Accrued expenses     (1,703,760 )
    $ 57,653,698  
ApplianceSmart Inc [Member]  
Schedule of acquired assets and liabilities
Trade receivables   $ 250,000  
Inventory     7,953,064  
Prepaid expenses     69,347  
Refundable deposits     204,841  
Restricted cash     1,285,747  
Property and equipment     510,487  
Bargain gain on acquisition     (3,773,486 )
    $ 6,500,000  
ASH [Member]  
Schedule of acquired assets and liabilities
Accounts payable   $ 1,374,647  
Accrued expenses     1,374,682  
Capital leases     29,631  
Credit card receivables     (255,301 )
Cash     (621,863 )
Total net liabilities assumed by ASH   $ 1,901,796