Investor Relations
Financials
v3.6.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2016
Sep. 30, 2016
Assets    
Cash and cash equivalents $ 1,586,753 $ 770,895
Trade and other receivables, net 8,351,502 8,334,801
Inventories, net 32,448,126 11,053,085
Prepaid expenses and other current assets 3,930,027 5,059,981
Total current assets 46,316,408 25,218,762
Property and equipment, net 20,094,350 14,014,501
Deposits and other assets 75,330 19,765
Deferred taxes 11,756,447 12,524,582
Intangible assets, net 3,029,371 1,689,790
Goodwill 39,066,061 0
Total assets 120,337,967 53,467,400
Liabilities:    
Accounts payable 9,024,776 5,402,654
Accrued liabilities 6,789,818 6,396,772
Income tax payable 0 0
Current portion of long term debt 6,226,454 1,789,290
Total current liabilities 22,041,048 13,588,716
Notes payable, net of current portion 67,287,070 13,682,872
Note payable, related party 2,000,000 2,000,000
Total Liabilities 91,328,118 29,271,588
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,085,998 shares issued and 2,055,876 shares outstanding at December 31, 2016; 2,819,327 shares issued and 2,789,205 shares outstanding at September 30, 2016 2,086 2,819
Paid in capital 56,705,679 53,319,217
Treasury stock (30,122 shares) (300,027) (300,027)
Accumulated deficit (27,408,969) (28,837,063)
Total equity 29,009,849 24,195,812
Total liabilities and equity 120,337,967 53,467,400
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 214 0
Series E Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 10,866 $ 10,866

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v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (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

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v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:    
Net income $ 1,428,573 $ 300,342
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 935,047 545,832
Amortization of debt issuance cost 40,136 4,954
Stock based compensation expense 1,443 91,227
Non-cash issuance of common stock for services 0 7,500
Provision for uncollectible accounts 66 3,353
Reserve for obsolete inventory 83,613 32,097
Change in deferred taxes 768,135 0
Changes in assets and liabilities:    
Accounts receivable 96,733 1,327,208
Prepaid expenses and other current assets 1,990,407 356,751
Inventories (1,318,562) 182,270
Deposits and other assets (55,565) 55
Accounts payable (221,388) 632,708
Accrued liabilities 1,246,047 (697,589)
Income tax payable 0 (52,020)
Net cash provided by operating activities 4,994,685 2,734,688
INVESTING ACTIVITIES:    
Acquisition of businesses, net of cash acquired (57,310,900) 0
Purchases of property and equipment (4,869,153) (94,439)
Net cash used in investing activities (62,180,053) (94,439)
FINANCING ACTIVITIES:    
Net borrowings under revolver loans 14,056,099 540,354
Payments on debt issuance costs (1,155,000) 0
Payment for the purchase of the noncontrolling interest 0 (1,500,000)
Proceeds from issuance of notes payable 45,889,321 0
Payments on notes payable (789,194) (238,836)
Payments on notes payable, related party 0 (845,566)
Net cash provided by (used in) financing activities 58,001,226 (2,044,048)
INCREASE IN CASH AND CASH EQUIVALENTS 815,858 596,201
CASH AND CASH EQUIVALENTS, beginning of period 770,895 2,727,818
CASH AND CASH EQUIVALENTS, end of period 1,586,753 3,324,019
Supplemental cash flow disclosures:    
Interest paid 790,580 345,483
Income taxes paid 0 466,000
Noncash financing and investing activities:    
Conversion of accrued expense liabilities into common stock 3,384,500 0
Accrued and unpaid dividends 479 480
Note payable issued for purchase of noncontrolling interest $ 0 $ 500,000

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