Quarterly report pursuant to Section 13 or 15(d)

5. Acquisition (Tables)

v3.10.0.1
5. Acquisition (Tables)
 9 Months Ended
Jun. 30, 2018
ApplianceSmart Inc [Member]  
Schedule of acquired assets and liabilities
Trade Receivables   $ 1,930,164  
Inventory     7,444,282  
Prepaid expenses     69,347  
Refundable deposits     1,003,841  
Intangible asset - trade names     2,015,000  
Intangible asset - customer list     5,202  
Intangible asset - leases     1,205,596  
Restricted cash     750,000  
Property and equipment     1,094,503  
Deferred income tax     (1,599,560 )
Bargain gain on acquisition     7,418,375  
    $ (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  
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