| Segment Reporting |
Note 17: Segment
Reporting
The Company operates in three segments which
are characterized as: (1) Manufacturing, (2) Retail and Online, and (3) Services. The Manufacturing Segment consists of Marquis
Industries, the Retail and Online segment consists of Vintage Stock, ApplianceSmart, Modern Everyday and LiveDeal.com, and the
Services segment consists of the directory services business.
The following tables summarize segment information for the years
ended September 30, 2018 and 2017:
| |
|
Year Ended |
|
|
Year Ended |
|
| |
|
September 30, 2018 |
|
|
September 30, 2017 |
|
| |
|
Net |
|
|
% of |
|
|
Net |
|
|
% of Total |
|
| |
|
Revenue |
|
|
Total Revenue |
|
|
Revenue |
|
|
Total Revenue |
|
| Retail and Online Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Used Movies, Music, Games and Other |
|
$ |
43,014,110 |
|
|
|
21.5% |
|
|
$ |
40,752,981 |
|
|
|
26.8% |
|
| New Movies, Music, Games and Other |
|
|
32,980,142 |
|
|
|
16.5% |
|
|
|
29,522,356 |
|
|
|
19.4% |
|
| Rentals, Concessions and Other |
|
|
1,188,897 |
|
|
|
0.6% |
|
|
|
1,116,308 |
|
|
|
0.7% |
|
| Kitchen and Home Products |
|
|
– |
|
|
|
0.0% |
|
|
|
128,904 |
|
|
|
0.1% |
|
| Retail Appliance Boxed Sales |
|
|
22,221,833 |
|
|
|
11.1% |
|
|
|
– |
|
|
|
0.0% |
|
| Retail Appliance UnBoxed Sales |
|
|
8,603,754 |
|
|
|
4.3% |
|
|
|
– |
|
|
|
0.0% |
|
| Retail Appliance Delivery, Warranty and Other |
|
|
2,116,696 |
|
|
|
1.1% |
|
|
|
– |
|
|
|
0.0% |
|
| Manufacturing Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Carpets |
|
|
58,451,306 |
|
|
|
29.3% |
|
|
|
57,510,294 |
|
|
|
37.8% |
|
| Hard Surface Products |
|
|
24,229,497 |
|
|
|
12.1% |
|
|
|
16,211,404 |
|
|
|
10.7% |
|
| Synthetic Turf Products |
|
|
6,082,400 |
|
|
|
3.0% |
|
|
|
5,964,633 |
|
|
|
3.9% |
|
| Services Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Directory Services |
|
|
744,706 |
|
|
|
0.4% |
|
|
|
854,052 |
|
|
|
0.6% |
|
| Total Revenue |
|
$ |
199,633,341 |
|
|
|
100.0% |
|
|
$ |
152,060,932 |
|
|
|
100.0% |
|
| |
|
Year Ended September 30, |
|
| |
|
2018 |
|
|
2017 |
|
| |
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
110,125,432 |
|
|
$ |
71,520,549 |
|
| Manufacturing |
|
|
88,763,203 |
|
|
|
79,686,331 |
|
| Services |
|
|
744,706 |
|
|
|
854,052 |
|
| |
|
$ |
199,633,341 |
|
|
$ |
152,060,932 |
|
| |
|
|
|
|
|
|
|
|
| Gross profit |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
51,040,155 |
|
|
$ |
41,101,989 |
|
| Manufacturing |
|
|
22,450,272 |
|
|
|
20,653,006 |
|
| Services |
|
|
708,330 |
|
|
|
811,640 |
|
| |
|
$ |
74,198,757 |
|
|
$ |
62,566,635 |
|
| |
|
|
|
|
|
|
|
|
| Operating income |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
1,338,696 |
|
|
$ |
8,875,855 |
|
| Manufacturing |
|
|
8,755,769 |
|
|
|
8,414,684 |
|
| Services |
|
|
705,784 |
|
|
|
808,838 |
|
| |
|
$ |
10,800,249 |
|
|
$ |
18,099,377 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
2,880,144 |
|
|
$ |
2,074,574 |
|
| Manufacturing |
|
|
3,168,236 |
|
|
|
2,950,974 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
6,048,380 |
|
|
$ |
5,025,548 |
|
| |
|
|
|
|
|
|
|
|
| Interest expenses |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
6,738,928 |
|
|
$ |
5,879,447 |
|
| Manufacturing |
|
|
1,904,410 |
|
|
|
1,717,538 |
|
| Services |
|
|
– |
|
|
|
– |
|
| |
|
$ |
8,643,338 |
|
|
$ |
7,596,985 |
|
| |
|
|
|
|
|
|
|
|
| Net income before provision for income taxes |
|
|
|
|
|
|
|
|
| Retail and Online |
|
$ |
2,780,995 |
|
|
$ |
3,096,109 |
|
| Manufacturing |
|
|
6,843,039 |
|
|
|
6,678,652 |
|
| Services |
|
|
705,784 |
|
|
|
808,838 |
|
| |
|
$ |
10,329,818 |
|
|
$ |
10,583,599 |
|
|