Award Type [Axis]
Warrants [Member]
Stock Options [Member]
Debt Instrument [Axis]
Bank of America Revolver Loan [Member]
Short-term Debt, Type [Axis]
Capitala Term Loan [Member]
Related Party Transaction [Axis]
Mezzanine Loan [Member]
Exercise Price Range [Axis]
$16.60 [Member]
$16.80 [Member]
$24.30 [Member]
$28.50 [Member]
$5.00 [Member]
$7.50 [Member]
$10.00 [Member]
$12.50 [Member]
$15.00 [Member]
$15.18 [Member]
Long-term Debt, Type [Axis]
Note Payable - Store Capital [Member]
Note Payable - Individual [Member]
Note Payable - Individual [Member]
Counterparty Name [Axis]
Store Capital Acquisitions, LLC [Member]
Finite-Lived Intangible Assets by Major Class [Axis]
Software [Member]
Domain Name and Marketing [Member]
Customer Relationships [Member]
Note Payable to Banc of America Leasing [Member]
Shareholders' Equity Class [Axis]
Series B Preferred Stock [Member]
Series E Preferred Stock [Member]
Segments [Axis]
Manufacturing Segment [Member]
Retail and Online Segment [Member]
Business Acquisition [Axis]
Vintage Stock Affiliated Holdings [Member]
Income Statement Location [Axis]
Bank fees [Member]
Appraisal fees [Member]
Legal fees [Member]
Consulting fees [Member]
Texas Capital Bank Revolver Loan [Member]
Note Payable to the Sellers of Vintage Stock [Member]
Note #2 Payable to Banc of America Leasing [Member]
Note #3 Payable to Banc of America Leasing [Member]
Note Payable - Cathay Bank [Member]
Note Payable #2 - Cathay Bank [Member]
Note payable to individual [Member]
Note Payable - Individual 2 [Member]
Note Payable - Individual 3 [Member]
Note Payable - Individual [Member]
Legal Entity [Axis]
Marquis [Member]
Kingston Line of Credit [Member]
Class of Stock [Axis]
Texas Capital Bank [Member]
Related Party [Axis]
Isaac Capital Group [Member]
Tender offer holders [Member]
Novalk Apps [Member]
Transaction Type [Axis]
Stock for Services [Member]
Series B Preferred Stock Warrants [Member]
Services [Member]
Domain Name and Marketing [Member]
Software [Member]
Note #4 Payable to Banc of America Leasing [Member]
Note #1 Payable to Banc of America Leasing [Member]
Sellers Subordinated Acquisition Note [Member]
Various Holders [Member]
$10.86 [Member]
$23.41 [Member]
$27.60 [Member]
$31.74 [Member]
$36.50 [Member]
$41.98 [Member]
Antidilutive Securities [Axis]
Common Stock Options [Member]
OptionsToPurchaseSharesOfCommonStockMember
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement [Table]
Statement [Line Items]
Assets
Cash and cash equivalents
Trade and other receivables, net
Inventories, net
Prepaid expenses and other current assets
Total current assets
Property and equipment, net
Deposits and other assets
Deferred taxes
Intangible assets, net
Goodwill
Total assets
Liabilities and Stockholders' Equity
Liabilities:
Accounts payable
Accrued liabilities
Income tax payable
Current portion of long term debt
Total current liabilities
Notes payable, net of current portion
Note payable, related party
Total Liabilities
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,088,186 shares issued and 2,058,064 shares outstanding at March 31, 2017; 2,819,327 shares issued and 2,789,205 shares outstanding at September 30, 2016
Paid in capital
Treasury stock (30,122 shares)
Accumulated deficit
Total equity
Total liabilities and equity
Convertible preferred stock, par value
Convertible preferred stock, shares authorized
Convertible preferred stock, issued
Convertible preferred stock, outstanding
Convertible preferred stock, liquidation preference
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Common stock, shares outstanding
Treasury stock, shares
Income Statement [Abstract]
Revenues
Cost of revenues
Gross profit
Operating expenses:
General and administrative expenses
Sales and marketing expenses
Total operating expenses
Operating income
Other income (expense):
Interest expense, net
Other income
Total other (expense) income, net
Income before provision for income taxes
Current tax expense:
Federal
State
Total Current tax expense
Deferred tax expense
Federal
State
Total Deferred Tax Expense
Total provision for income taxes
Net income
Net income attributed to noncontrolling interest
Net income attributed to Live Ventures Incorporated
Earnings per share - basic
Earnings per share - diluted
Weighted average common shares outstanding - basic
Weighted average common shares outstanding - diluted
Statement of Cash Flows [Abstract]
OPERATING ACTIVITIES:
Net income
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
Amortization of debt issuance cost
Stock based compensation expense
Non-cash interest expense associated with convertible debt and warrants
Non-cash issuance of common stock for services
Change in reserve for uncollectible accounts
Change in reserve for obsolete inventory
Change in contingent liability
Change in deferred income taxes
Changes in assets and liabilities:
Accounts receivable
Prepaid expenses and other current assets
Inventories
Deposits and other assets
Accounts payable
Accrued liabilities
Income tax payable
Net cash provided by operating activities
INVESTING ACTIVITIES:
Acquisition of businesses, net of cash acquired and seller financing provided
Purchase of intangible assets - Software
Purchases of property and equipment
Net cash used in investing activities
FINANCING ACTIVITIES:
Net borrowings under revolver loans
Payments on debt issuance costs
Payment for the purchase of the noncontrolling interest
Proceeds from issuance of notes payable
Payment of series E preferred stock dividends
Purchase of treasury stock
Payments on notes payable
Payments on notes payable, related party
Net cash provided by (used in) financing activities
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, beginning of period
CASH AND CASH EQUIVALENTS, end of period
Supplemental cash flow disclosures:
Interest paid
Income taxes paid
Noncash financing and investing activities:
Notes payable issued to sellers of Vintage Stock
Conversion of accrued expense liabilities into common stock
Accrued and unpaid dividends
Note payable issued for purchase of noncontrolling interest
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation
Accounting Policies [Abstract]
Summary of Significant Accounting Policies
Disclosure Text Block Supplement [Abstract]
Balance Sheet Detail Information
Business Combinations [Abstract]
Acquisition
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles
Debt Disclosure [Abstract]
Notes Payable
Note Payable, Related Party
Equity [Abstract]
Stockholders' Equity
Warrants and Rights Note Disclosure [Abstract]
Series B Convertible Preferred Stock Warrants
Share-based Compensation [Abstract]
Stock-based Compensation
Earnings Per Share [Abstract]
Earnings Per Share
Related Party Transactions [Abstract]
Related Party Transactions
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Income Tax Disclosure [Abstract]
Income Taxes
Risks and Uncertainties [Abstract]
Concentration of Credit Risk
Segment Reporting [Abstract]
Segment Reporting
Subsequent Events [Abstract]
Subsequent Events
Principles of Consolidation
Noncontrolling Interest
Use of Estimates
Financial Instruments
Cash and Cash Equivalents
Trade and Other Receivables
Reserve for Doubtful Accounts
Inventories
Property and Equipment
Goodwill and Intangibles
Revenue Recognition
Shipping and Handling
Customer Liabilities
Fair Value Measurements
Income Taxes
Lease Accounting
Stock-Based Compensation
Earnings Per Share
Segment Reporting
Derivative Financial Instruments
Reclassifications
Recently Issued Accounting Pronouncements
Schedule of trade and other receivables
Components of allowance for doubtful accounts
Schedule of inventory
Schedule of property and equipment
Schedule of intangible assets
Schedule of accrued liabilities
Schedule of acquired assets and liabilities
Future amortization expense related to intangible assets
Fixed coverage ratio table
Schedule of debt
Future maturities of debt
Warrant activity
Warrants outstanding and exercisable
Stock option activity
Stock option exercise price
Non-vested share activity
Assumptions used
Basic and diluted net loss per share
Segment reporting
Trade receivables factored
Allowance for doubtful accounts
Inventory reserves
Depreciation expense
Finite lived useful lives
Amortization expense
Breakage income
Derivative instruments
Balance Sheet Information
Trade and other receivables, current, net:
Accounts receivable, current
Less: Allowance for doubtful accounts
Trade and other receivables, current, net
Trade and other receivables, long term, net:
Accounts receivable, long term
Less: Allowance for doubtful accounts
Trade and other receivables, long term, net
Total trade and other receivables, net:
Gross receivables
Less: Allowance for doubtful accounts
Total trade and other receivables, net
Allowance for dilution and fees on amounts due from billing aggregators
Allowance for customer refunds
Allowance for other trade receivables
Total allowances
Inventory
Raw materials
Work in progress
Finished goods, includes merchandise
Total inventory, gross
Less: obsolescence reserve
Total inventory, net
Property and equipment, net:
Land and improvements
Building and improvements
Transportation equipment
Machinery and equipment
Furnishings and fixtures
Office, computer equipment and other
Plant Property and Equipment,Gross
Less: Accumulated depreciation
Property and equipment, net
Intangible assets, net:
Domain name and marketing related intangibles
Website and technology related intangibles
Customer Relationships intangible
Purchased software
Intangible assets, gross
Less: Accumulated amortization
Intangible assets, net
Accrued liabilities:
Accrued payroll and bonuses
Accrued software costs
Accrued fee due Kingston Diversified Holdings LLC
Accrued expenses - other
Total accrued liabilities
Cash and cash equivalents
Trade and other receivables
Inventory
Prepaid expenses and other current assets
Property and equipment
Intangible - Software
Notes payable
Accounts payable
Accrued expenses
Purchase price
General and administrative expense
Amortization expense, 2017
Amortization expense, 2018
Amortization expense, 2019
Amortization expense, 2020
Amortization expense, 2021
Amortization expense, thereafter
Useful lifes of intangible assets
Credit Facility [Axis]
Total Debt
Less: unamortized debt issuance costs
Net amount
Current portion
Long-term portion
Debt maturity date
Debt interest rate description
Periodic payment frequency
Periodic principal and/or interest payments
Collateral
Future maturity 2018
Future maturity 2019
Future maturity 2020
Future maturity 2021
Future maturity 2022
Future maturity thereafter
Total future maturities
Credit line maximum
Credit line maturity date
Credit line borrowings during period
Credit line repayments during period
Maximum borrowings outstanding
Credit line weighted average interest rate
Credit line amount available at period end
Credit line outstanding
Letters of credit
Proceeds from sale of land
Proceeds from note payable
Loss on sale of property
Debt issuance costs
Annual lease rate
Note payable
Debt face amount
Debt initial payment date
Debt stated interest rate
Debt periodic payment
Debt periodic frequency
Debt final payment
Preferred shares issued in settlement of debt, shares issued
Preferred shares issued in settlement of debt, amount
Debt issuance cost
Subordinated debt
Subordinated debt interest rate
Loan maximum borrowing amount
Loan outstanding
Maturity date
Interest rate
Common stock exchanged for preferred stock, common shares exchanged
Common stock exchanged for preferred stock, preferred shares issued
Accrued dividends
Unpaid dividends
Reverse stock split
Stock issued for accrued liability, shares issued
Stock issued for accrued liability, amount of liability
Issuance of common stock for services, shares
Issuance of common stock for services, value
Treasury stock purchased, shares
Payment for treasury stock
Fractional shares issued due to stock split, shares
Number of units
Outstanding, beginning of period
Granted
Exercised
Outstanding, end of period
Exercisable, end of period
Weighted Average Exercise Price
Outstanding, beginning of period
Granted
Outstanding, end of period
Exercisable, end of period
Weighted Average Remaining Contractual Term (in years)
Outstanding, beginning of period
Outstanding, end of period
Exercisable, end of period
Intrinsic Value
Intrinsic value outstanding, beginning of period
Intrinsic value outstanding, end of period
Exercisable, end of period
Number of warrants outstanding
Warrants exercise price, outstanding
Number of warrants exercisable
Warrants exercise price, exercisable
Number of Shares
Outstanding, beginning balance
Granted
Exercised
Forfeited
Outstanding, ending balance
Exercisable
Weighted Average Exercise Price
Outstanding, beginning balance
Granted
Exercised
Forfeited
Outstanding, ending balance
Exercisable
Weighed Average Remaining Contractual Life
Outstanding, beginning term
Outstanding, ending balance
Exercisable
Intrinsic value outstanding, beginning balance
Intrinsic value outstanding, ending balance
Exercisable
Number of options outstanding
Option exercise price outstanding
Number of options exercisable
Option exercise price exercisable
Number of shares
Outstanding, beginning balance
Vested
Outstanding, ending balance
Weighted-Average Grant-Date Fair Value
Per share price nonvested options outstanding, beginning of period
Per share price nonvested options granted
Per share price nonvested options outstanding, end of period
Risk-free interest rate
Expected life of the options
Expected volatility
Expected dividend yield
Stock-based compensation expense
Unrecognized compensation expense
Unrecognized compensation amortization period
Basic
Net income attributed to Live Ventures Incorporated
Less: preferred stock dividends
Net income applicable to common stock
Weighted average common shares outstanding
Basic earnings per share
Diluted
Add: preferred stock dividends
Net income applicable for diluted earnings per share
Add: Options
Add: Common Stock Warrants
Add: Preferred Stock
Assumed weighted average common shares outstanding
Diluted earnings per share
Antidilutive shares not included in EPS calculation
Interest expense
Effective income tax rate
Net operating loss carryforward
Operating loss carryforward expiration date
Net revenues
Gross profit
Operating income (loss)
Interest expenses
Net income (loss) before provision for income taxes
Total Assets
Intangible assets (including goodwill)
Accrued fee due Kingston Diversified Holdings LLC
Accrued software costs
Allowance for customer refunds
Allowance for dilution and fees on amounts due from billing aggregators
Allowance for doubtful accounts table text block
Allowance for other trade receivables
Annual lease rate
Warrants exercise price, exercisable
Conversion of accrued expense liabilities into common stock
Customer Liablities Policy [Policy Text Block]
Customer Relationships intangible
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). diluted effect
Domain name and marketing related intangibles
Finite lived useful lives
Fixed Coverage Ratio [Table Text Block]
Intrinsic Value [Abstract]
Note payable issued for purchase of noncontrolling interest
Note Payable Related Party [Text Block]
Number of warrants [Abstract]
Receivables, long term, net:
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms1
Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.
Exercisable, end of period
Exercisable, end of period
Intrinsic value of equity-based compensation awards outstanding. Excludes stock and unit options.
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
Intrinsic value exercisable
Weighted Average Remaining Contractual Term (in years) exercisable
Stock issued for accrued liability, amount of liability
Stock issued for accrued liability, shares issued
Transportation equipment
Website and technology related intangibles
Weighted Average Exercise Price [Abstract]
Weighted Average Remaining Contractual Term (in years) [Abstract]
DomainNameAndMarketingMember
SoftwareMember
Assets, Current
Liabilities, Current
Liabilities
Treasury Stock, Common, Value
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Operating Expenses
Nonoperating Income (Expense)
Current Income Tax Expense (Benefit)
Deferred Federal Income Tax Expense (Benefit)
Deferred State and Local Income Tax Expense (Benefit)
Deferred Income Tax Expense (Benefit)
Income Tax Expense (Benefit)
Increase (Decrease) in Deferred Income Taxes
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Inventories
Increase (Decrease) in Deposit Assets
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Accrued Liabilities
Increase (Decrease) in Accrued Taxes Payable
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
Payments to Acquire Businesses, Net of Cash Acquired
Payments for Software
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Payments of Debt Issuance Costs
Payments for Repurchase of Redeemable Noncontrolling Interest
Payments of Dividends
Repayments of Notes Payable
Repayments of Related Party Debt
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
Cash and Cash Equivalents, Period Increase (Decrease)
Income Tax, Policy [Policy Text Block]
Earnings Per Share, Policy [Policy Text Block]
Segment Reporting, Policy [Policy Text Block]
Allowance for Doubtful Accounts Receivable, Current
Allowance for Doubtful Accounts Receivable, Noncurrent
Accounts Receivable, Net, Noncurrent
Accounts Receivable, Net
Inventory, Gross
Property, Plant and Equipment, Gross
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Finite-Lived Intangible Assets, Gross
Finite-Lived Intangible Assets, Accumulated Amortization
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Debt Instrument, Unamortized Discount
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherThanOptionsExercisableWeightedAverageExercisePrice
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2a
SharebasedCompensationArrangementBySharebasedPaymentAwardOtherThanOptionsExercisableIntrinsicValue1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value