Quarterly report pursuant to Section 13 or 15(d)

16. Segment Reporting

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16. Segment Reporting
3 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
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, Modern Everyday and LiveDeal.com, and the Services segment consists of the directory services business.

 

The following tables summarize segment information for the three months ended December 31, 2016 and 2015:

 

  Three Months Ended December 31,  
    2016     2015  
Revenues            
Retail and Online   $ 14,776,723     $ 3,641,642  
Manufacturing     17,187,534       16,190,030  
Services     224,407       272,762  
    $ 32,188,664     $ 20,104,434  
Gross profit                
Retail and Online   $ 8,067,608     $ 1,595,255  
Manufacturing     4,363,293       4,553,674  
Services     214,331       260,946  
    $ 12,645,232     $ 6,409,875  
Operating income (loss)                
Retail and Online   $ 1,743,967     $ (903,805 )
Manufacturing     1,721,260       1,691,485  
Services     213,841       259,572  
    $ 3,679,068     $ 1,047,252  
Depreciation and amortization                
Retail and Online   $ 228,431     $ 68,276  
Manufacturing     706,616       477,556  
Services           0  
    $ 935,047     $ 545,832  
Interest Expenses                
Retail and Online   $ 1,079,306     $ 66,907  
Manufacturing     370,170       278,576  
Services            
    $ 1,449,476     $ 345,483  
Net income (loss) before provision for income taxes                
Retail and Online   $ 851,110     $ (809,468 )
Manufacturing     1,206,531       1,274,763  
Services     213,841       249,027  
    $ 2,271,482     $ 714,322  

 

 

  As of     As of  
,   December 31,     September 30,  
      2016       2016  
Total Assets                
Retail and Online   $ 80,106,152     $ 15,053,993  
Manufacturing     40,162,883       38,333,437  
Services     68,932       79,970  
    $ 120,337,967     $ 53,467,400  
Intangible assets                
Retail and Online   $ 2,634,236     $ 1,287,338  
Manufacturing     395,135       402,452  
Services            
    $ 3,029,371     $ 1,689,790