| Segment reporting |
The following tables summarize segment information for the three
and nine months ended June 30, 2019 and 2018:
| |
|
Three Months Ended June 30, |
|
|
Nine Months Ended June 30, |
|
| |
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
23,973,081 |
|
|
$ |
29,705,192 |
|
|
$ |
80,365,731 |
|
|
$ |
82,182,175 |
|
| Manufacturing |
|
|
22,913,407 |
|
|
|
24,773,123 |
|
|
|
66,357,839 |
|
|
|
64,460,280 |
|
| Services |
|
|
156,774 |
|
|
|
183,742 |
|
|
|
488,783 |
|
|
|
567,594 |
|
| |
|
$ |
47,043,262 |
|
|
$ |
54,662,057 |
|
|
$ |
147,212,353 |
|
|
$ |
147,210,049 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
12,454,788 |
|
|
$ |
12,141,262 |
|
|
$ |
38,772,829 |
|
|
$ |
38,133,949 |
|
| Manufacturing |
|
|
6,643,617 |
|
|
|
6,498,207 |
|
|
|
18,000,736 |
|
|
|
16,187,021 |
|
| Services |
|
|
147,695 |
|
|
|
174,749 |
|
|
|
460,762 |
|
|
|
539,839 |
|
| |
|
$ |
19,246,100 |
|
|
$ |
18,814,218 |
|
|
$ |
57,234,327 |
|
|
$ |
54,860,809 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating income (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
551,318 |
|
|
$ |
(1,978,657 |
) |
|
$ |
183,429 |
|
|
$ |
2,644,667 |
|
| Manufacturing |
|
|
3,111,340 |
|
|
|
2,703,380 |
|
|
|
7,303,889 |
|
|
|
5,710,457 |
|
| Services |
|
|
145,911 |
|
|
|
173,097 |
|
|
|
458,118 |
|
|
|
537,447 |
|
| |
|
$ |
3,808,569 |
|
|
$ |
897,820 |
|
|
$ |
7,945,436 |
|
|
$ |
8,892,571 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
(520,007 |
) |
|
$ |
988,169 |
|
|
$ |
1,150,471 |
|
|
$ |
2,106,133 |
|
| Manufacturing |
|
|
610,448 |
|
|
|
833,064 |
|
|
|
1,914,159 |
|
|
|
2,418,264 |
|
| Services |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| |
|
$ |
90,441 |
|
|
$ |
1,821,233 |
|
|
$ |
3,064,630 |
|
|
$ |
4,524,397 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
1,205,537 |
|
|
$ |
2,223,285 |
|
|
$ |
3,501,533 |
|
|
$ |
5,594,983 |
|
| Manufacturing |
|
|
399,085 |
|
|
|
487,997 |
|
|
|
1,291,819 |
|
|
|
1,406,331 |
|
| Services |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| |
|
$ |
1,604,622 |
|
|
$ |
2,711,282 |
|
|
$ |
4,793,352 |
|
|
$ |
7,001,314 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income before provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
(616,767 |
) |
|
$ |
(503,861 |
) |
|
$ |
(3,221,942 |
) |
|
$ |
4,710,315 |
|
| Manufacturing |
|
|
2,512,890 |
|
|
|
2,232,996 |
|
|
|
7,578,996 |
|
|
|
4,316,045 |
|
| Services |
|
|
145,847 |
|
|
|
173,097 |
|
|
|
458,118 |
|
|
|
537,447 |
|
| |
|
$ |
2,041,970 |
|
|
$ |
1,902,232 |
|
|
|
4,815,172 |
|
|
$ |
9,563,807 |
|
| |
|
As of
June 30,
2019 |
|
|
As of
September 30,
2018 |
|
| |
|
|
|
|
|
|
| Total assets |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
36,225,115 |
|
|
$ |
88,799,584 |
|
| Manufacturing |
|
|
57,095,801 |
|
|
|
52,915,109 |
|
| Services |
|
|
32,369,627 |
|
|
|
57,703 |
|
| |
|
$ |
125,690,543 |
|
|
$ |
141,772,396 |
|
| |
|
|
|
|
|
|
|
|
| Goodwill and intangible assets |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
42,334,755 |
|
|
$ |
43,268,668 |
|
| Manufacturing |
|
|
321,963 |
|
|
|
373,914 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
42,656,718 |
|
|
$ |
43,612,582 |
|
|