Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Revenues $ 286,913 $ 272,981
Cost of revenues 189,086 173,518
Gross profit 97,827 99,463
Operating expenses:    
General and administrative expenses 54,531 52,246
Sales and marketing expenses 12,459 11,427
Impairment expense (4,910) 0
Total operating expenses 71,900 63,673
Operating income 25,927 35,790
Other income (expense):    
Interest expense, net (4,209) (5,205)
Gain on Payroll Protection Program loan forgiveness 0 6,150
Gain on bankruptcy settlement 11,352 1,765
Loss on debt extinguishment (84) 0
Other income (expense), net (1,370) 1,179
Total other income, net 5,689 3,889
Income before income taxes 31,616 39,679
Provision for income taxes 6,875 8,662
Net income 24,741 31,017
Net loss attributable to non-controlling interest 0 180
Net income attributable to Live stockholders $ 24,741 $ 31,197
Income per share:    
Basic $ 7.94 $ 19.92
Diluted $ 7.84 $ 9.80
Weighted average common shares outstanding:    
Basic 3,116,214 1,566,288
Diluted 3,155,535 3,182,546
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 $ 0