Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Sep. 30, 2022
Assets    
Cash and cash equivalents $ 4,309 $ 4,600
Trade receivables, net 41,194 25,665
Inventories, net 131,314 97,659
Income taxes receivable 1,116 4,403
Prepaid expenses and other current assets 4,919 2,477
Total current assets 182,852 134,804
Property and equipment, net 80,703 64,590
Right of use asset - operating leases 54,544 33,659
Deposits and other assets 1,282 647
Intangible assets, net 26,568 3,844
Goodwill 75,866 41,093
Total assets 421,815 278,637
Current liabilities    
Accounts payable 27,190 10,899
Accrued liabilities 31,826 16,486
Current portion of lease obligations - operating leases 11,369 7,851
Current portion of lease obligations - finance leases 359 217
Total current liabilities 97,821 56,388
Noncurrent liabilities    
Lease obligation long term - operating leases 48,156 30,382
Lease obligation long term - finance leases 32,942 19,568
Deferred tax liability 14,035 8,818
Other non-current obligations 4,104 1,615
Total liabilities 321,680 181,475
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 3,164,330 shares issued and outstanding at September 30, 2023; 3,074,833 issued and outstanding at September 30, 2022 2 2
Paid-in capital 69,387 65,321
Treasury stock common 660,063 shares as of September 30, 2023 and 620,971 shares as of September 30, 2022 (8,206) (7,215)
Accumulated earnings 38,959 39,509
Equity attributable to Live stockholders 100,135 97,610
Non-controlling interest 0 (448)
Total stockholders' equity 100,135 97,162
Total liabilities and stockholders' equity 421,815 278,637
Related Party    
Current liabilities    
Current portion of long-term debt 4,000 2,000
Noncurrent liabilities    
Long-term debt, net of current portion 6,914 2,000
Nonrelated Party    
Current liabilities    
Current portion of long-term debt 23,077 18,935
Noncurrent liabilities    
Long-term debt, net of current portion 78,710 59,704
Seller Notes | Related Party    
Noncurrent liabilities    
Seller notes - related parties 38,998 3,000
Series E Convertible Preferred Stock    
Stockholders' equity:    
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 47,840 issued and outstanding at September 30, 2023 and 2022 , respectively, with a liquidation preference of $0.30 per share 0 0
Treasury stock Series E preferred 50,000 shares as of September 30, 2023 and 2022 $ (7) $ (7)