| Segment reporting |
The following tables summarize segment information for the three
and six months ended March 31, 2019 and 2018:
| |
|
Three Months Ended March 31, |
|
|
Six Months Ended March 31, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
25,747,635 |
|
|
$ |
31,183,512 |
|
|
$ |
56,392,650 |
|
|
$ |
52,476,983 |
|
| Manufacturing |
|
|
21,062,147 |
|
|
|
20,808,622 |
|
|
|
43,444,432 |
|
|
|
39,687,157 |
|
| Services |
|
|
163,369 |
|
|
|
187,794 |
|
|
|
332,009 |
|
|
|
383,852 |
|
| |
|
$ |
46,973,151 |
|
|
$ |
52,179,928 |
|
|
$ |
100,169,091 |
|
|
$ |
92,547,992 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
12,741,758 |
|
|
$ |
14,536,885 |
|
|
$ |
26,318,041 |
|
|
$ |
25,992,687 |
|
| Manufacturing |
|
|
5,755,461 |
|
|
|
4,936,246 |
|
|
|
11,357,119 |
|
|
|
9,688,814 |
|
| Services |
|
|
153,930 |
|
|
|
177,570 |
|
|
|
313,067 |
|
|
|
365,090 |
|
| |
|
$ |
18,651,149 |
|
|
$ |
19,650,701 |
|
|
$ |
37,988,227 |
|
|
$ |
36,046,591 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating income (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
(129,237 |
) |
|
$ |
2,391,848 |
|
|
$ |
(367,889 |
) |
|
$ |
4,623,324 |
|
| Manufacturing |
|
|
2,022,072 |
|
|
|
1,504,823 |
|
|
|
4,192,549 |
|
|
|
3,007,077 |
|
| Services |
|
|
153,540 |
|
|
|
177,292 |
|
|
|
312,207 |
|
|
|
364,350 |
|
| |
|
$ |
2,046,375 |
|
|
$ |
4,073,963 |
|
|
$ |
4,136,867 |
|
|
$ |
7,994,751 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
882,227 |
|
|
$ |
440,503 |
|
|
$ |
1,670,478 |
|
|
$ |
1,117,964 |
|
| Manufacturing |
|
|
610,193 |
|
|
|
866,756 |
|
|
|
1,303,711 |
|
|
|
1,585,200 |
|
| Services |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| |
|
$ |
1,492,420 |
|
|
$ |
1,307,259 |
|
|
$ |
2,974,189 |
|
|
$ |
2,703,164 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
1,120,205 |
|
|
$ |
1,349,291 |
|
|
$ |
2,295,996 |
|
|
$ |
3,371,698 |
|
| Manufacturing |
|
|
415,792 |
|
|
|
472,429 |
|
|
|
892,734 |
|
|
|
918,334 |
|
| Services |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| |
|
$ |
1,535,997 |
|
|
$ |
1,821,720 |
|
|
$ |
3,188,730 |
|
|
$ |
4,290,032 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income before provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
(1,332,758 |
) |
|
$ |
1,161,581 |
|
|
$ |
(2,605,175 |
) |
|
$ |
5,214,176 |
|
| Manufacturing |
|
|
1,854,486 |
|
|
|
1,019,656 |
|
|
|
5,066,106 |
|
|
|
2,083,049 |
|
| Services |
|
|
153,604 |
|
|
|
177,292 |
|
|
|
312,271 |
|
|
|
364,350 |
|
| |
|
$ |
675,332 |
|
|
$ |
2,358,529 |
|
|
$ |
2,773,202 |
|
|
$ |
7,661,575 |
|
| |
|
|
|
|
|
|
|
As of |
|
|
As of |
|
| |
|
|
|
|
|
|
|
March 31, |
|
|
September 30, |
|
| |
|
|
|
|
|
|
|
2019 |
|
|
2018 |
|
| Total assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
|
|
|
|
|
|
|
|
$ |
83,439,817 |
|
|
$ |
88,799,584 |
|
| Manufacturing |
|
|
|
|
|
|
|
|
|
|
48,335,629 |
|
|
|
52,915,109 |
|
| Services |
|
|
|
|
|
|
|
|
|
|
72,215 |
|
|
|
57,703 |
|
| |
|
|
|
|
|
|
|
|
|
$ |
131,847,661 |
|
|
$ |
141,772,396 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Goodwill and intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
|
|
|
|
|
|
|
|
$ |
42,458,607 |
|
|
$ |
43,268,668 |
|
| Manufacturing |
|
|
|
|
|
|
|
|
|
|
329,280 |
|
|
|
343,914 |
|
| Services |
|
|
|
|
|
|
|
|
|
|
– |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
|
$ |
42,787,887 |
|
|
$ |
43,612,582 |
|
|