Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
 3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
Revenues $ 32,188,664 $ 20,104,434
Cost of revenues 19,543,432 13,694,559
Gross profit 12,645,232 6,409,875
Operating expenses:    
General and administrative expenses 7,058,674 2,365,873
Sales and marketing expenses 1,907,490 2,996,750
Total operating expenses 8,966,164 5,362,623
Operating income 3,679,068 1,047,252
Other income (expense):    
Interest expense, net (1,449,476) (345,483)
Other income 41,890 12,553
Total other income (expense), net (1,407,586) (332,930)
Income before provision for income taxes 2,271,482 714,322
Current tax expense:    
Federal 30,431 353,691
State 44,343 60,289
Total Current tax expense 74,774 413,980
Deferred tax expense    
Federal 707,492 0
State 60,643 0
Total Deferred Tax Expense 768,135 0
Total provision (benefit) for income taxes 842,909 413,980
Net income 1,428,573 300,342
Net income attributed to noncontrolling interest 0 124,194
Net income attributed to Live Ventures Incorporated $ 1,428,573 $ 176,148
Earnings per share - basic $ .71 $ .06
Earnings per share - diluted $ .37 $ .05
Weighted average common shares outstanding - basic 1,999,983 2,817,516
Weighted average common shares outstanding - diluted 3,833,523 3,309,782