| Segment reporting |
The following tables summarize segment information for the three
months ended December 31, 2018 and 2017:
| |
|
Three Months Ended December 31, |
|
| |
|
2018 |
|
|
2017 |
|
| Revenues |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
30,645,015 |
|
|
$ |
21,293,471 |
|
| Manufacturing |
|
|
22,382,285 |
|
|
|
18,878,535 |
|
| Services |
|
|
168,640 |
|
|
|
196,058 |
|
| |
|
$ |
53,195,940 |
|
|
$ |
40,368,064 |
|
| Gross profit |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
13,576,283 |
|
|
$ |
11,455,802 |
|
| Manufacturing |
|
|
5,601,658 |
|
|
|
4,752,568 |
|
| Services |
|
|
159,137 |
|
|
|
187,520 |
|
| |
|
$ |
19,337,078 |
|
|
$ |
16,395,890 |
|
| Operating income |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
(238,652 |
) |
|
$ |
2,231,476 |
|
| Manufacturing |
|
|
2,170,477 |
|
|
|
1,502,254 |
|
| Services |
|
|
158,667 |
|
|
|
187,058 |
|
| |
|
$ |
2,090,492 |
|
|
$ |
3,920,788 |
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
788,251 |
|
|
$ |
677,461 |
|
| Manufacturing |
|
|
693,518 |
|
|
|
718,444 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
1,481,769 |
|
|
$ |
1,395,905 |
|
| Interest expense, net |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
1,175,791 |
|
|
$ |
2,022,407 |
|
| Manufacturing |
|
|
476,942 |
|
|
|
445,905 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
1,652,733 |
|
|
$ |
2,468,312 |
|
| Net income before provision for income taxes |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
(1,272,417 |
) |
|
$ |
4,052,595 |
|
| Manufacturing |
|
|
3,211,620 |
|
|
|
1,063,393 |
|
| Services |
|
|
158,667 |
|
|
|
187,058 |
|
| |
|
$ |
2,097,870 |
|
|
$ |
5,303,046 |
|
| |
|
As of |
|
|
As of |
|
| |
|
December 31, |
|
|
September 30, |
|
| |
|
2018 |
|
|
2018 |
|
| Total assets |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
85,297,114 |
|
|
$ |
88,799,584 |
|
| Manufacturing |
|
|
46,424,885 |
|
|
|
52,915,109 |
|
| Services |
|
|
87,292 |
|
|
|
57,703 |
|
| |
|
$ |
131,809,291 |
|
|
$ |
141,772,396 |
|
| Intangible assets and goodwill |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
42,968,314 |
|
|
$ |
43,268,668 |
|
| Manufacturing |
|
|
336,596 |
|
|
|
343,914 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
43,304,910 |
|
|
$ |
43,612,582 |
|
|