Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

XML 12 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2016
Sep. 30, 2015
Assets    
Cash and cash equivalents $ 3,421,123 $ 2,727,818
Accounts receivable, net 9,388,592 8,243,992
Inventories, net 12,455,001 13,335,598
Prepaid expenses and other current assets 1,105,122 1,522,027
Total current assets 26,369,838 25,829,435
Property and equipment, net 11,659,948 12,481,901
Deposits and other assets 30,497 36,090
Intangible assets, net 1,401,069 1,516,930
Goodwill 800,000 800,000
Total assets 40,261,352 40,664,356
Liabilities:    
Accounts payable 7,030,412 5,536,796
Accrued liabilities 3,336,427 3,660,949
Income tax payable 0 376,000
Note payable 1,452,388 1,443,036
Total current liabilities 11,819,227 11,016,781
Notes payable, net of current portion 14,896,822 14,568,190
Note payable, related party 5,650,259 6,495,825
Contingent consideration from business combination 0 316,000
Total Liabilities $ 32,366,308 $ 32,396,796
Commitments and contingencies
Stockholders' equity:    
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 127,840 shares issued and outstanding at March 31, 2016 and September 30, 2015, liquidation preference $38,203 $ 10,866 $ 10,866
Common stock, $0.001 par value, 30,000,000 shares authorized, 16,912,707 shares issued and 16,859,197 shares outstanding at March 31, 2016; 16,903,014 shares issued and 16,903,014 shares outstanding at September 30, 2015 16,918 16,908
Paid in capital 53,218,858 52,950,945
Treasury stock (53,510 shares) (80,292) 0
Accumulated deficit (45,271,306) (46,665,003)
Total Live Ventures stockholders' equity 7,895,044 6,313,716
Noncontrolling interest 0 1,953,844
Total equity 7,895,044 8,267,560
Total liabilities and equity $ 40,261,352 $ 40,664,356