Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Revenues $ 272,981,000 $ 191,720,000
Cost of revenues 173,518,000 116,403,000
Gross profit 99,463,000 75,317,000
Operating expenses:    
General and administrative expenses 52,246,000 43,561,000
Sales and marketing expenses 11,427,000 11,334,000
Total operating expenses 63,673,000 54,895,000
Operating loss 35,790,000 20,422,000
Other (expense) income:    
Interest expense, net (5,205,000) (5,254,000)
Gain on lease settlement, net 0 307,000
Gain on Payroll Protection Program loan forgiveness 6,150,000 0
Gain on bankruptcy settlement 1,765,000 0
Bargain purchase gain 0 1,507,000
Impairment charges 0 (525,000)
Other income (loss) 1,179,000 (841,000)
Total other income, net 3,889,000 (4,806,000)
Income before income taxes 39,679,000 15,616,000
Provision for income taxes 8,662,000 4,957,000
Net income 31,017,000 10,659,000
Net loss attributable to non-controlling interest 180,000 268,000
Net income attributable to Live stockholders $ 31,197,000 $ 10,927,000
Income per share:    
Basic $ 19.92 $ 6.40
Diluted $ 9.80 $ 3.09
Weighted average common shares outstanding:    
Basic 1,566,288 1,706,561
Diluted 3,182,546 3,534,936
Dividends declared - Common stock $ 0 $ 0
Series B Convertible Preferred Stock    
Weighted average common shares outstanding:    
Dividends declared - convertible preferred stock 0 0
Series E Convertible Preferred Stock    
Weighted average common shares outstanding:    
Dividends declared - convertible preferred stock $ 0 $ 1