Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Sep. 30, 2022
Assets    
Cash $ 3,547 $ 4,600
Trade receivables, net of allowance for doubtful accounts of $194,000 at June 30, 2023 and $132,000 at September 30, 2022 27,358 25,665
Inventories, net of reserves of $3.5 million at June 30, 2023 and $2.4 million at September 30, 2022 114,075 97,659
Income taxes receivable 4,087 4,403
Prepaid expenses and other current assets 3,249 2,477
Total current assets 152,316 134,804
Property and equipment, net of accumulated depreciation of $34.3 million at June 30, 2023, and $26.7 million at September 30, 2022 65,431 64,590
Right of use asset - operating leases 45,321 33,659
Deposits and other assets 1,593 647
Intangible assets, net of accumulated amortization of $3.4 million at June 30, 2023 and $2.1 million at September 30, 2022 24,117 3,844
Goodwill 71,389 41,093
Total assets 360,167 278,637
Liabilities:    
Accounts payable 14,808 10,899
Accrued liabilities 22,748 16,486
Current portion of lease obligations - operating leases 10,582 7,851
Current portion of lease obligations - finance leases 355 217
Total current liabilities 73,182 56,388
Lease obligation long term - operating leases 39,588 30,382
Lease obligation long term - finance leases 20,004 19,568
Deferred taxes 13,046 8,818
Other non-current obligations 852 1,615
Total liabilities 255,964 181,475
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 3,164,432 and 3,074,833 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively 2 2
Paid in capital 68,888 65,321
Treasury stock common 659,961 and 620,971 shares as of June 30, 2023 and September 30, 2022, respectively (8,203) (7,215)
Retained earnings 43,971 39,509
Equity attributable to Live stockholders 104,651 97,610
Non-controlling interest (448) (448)
Total stockholders' equity 104,203 97,162
Total liabilities and stockholders' equity 360,167 278,637
Nonrelated Party    
Liabilities:    
Current portion of long-term debt and noted payable related parties 23,689 18,935
Long-term debt, net of current portion 64,519 59,704
Related Party    
Liabilities:    
Current portion of long-term debt and noted payable related parties 1,000 2,000
Long-term debt, net of current portion 44,773 5,000
Series E Convertible Preferred Stock    
Stockholders' equity:    
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively, with a liquidation preference of $0.30 per share outstanding 0 0
Treasury stock Series E preferred 80,000 shares as of June 30, 2023 and September 30, 2022, respectively $ (7) $ (7)