Quarterly report pursuant to Section 13 or 15(d)

15. Segment Reporting

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15. Segment Reporting
6 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting

The Company operates in three segments which are characterized as:  (1) legacy merchant’s services, (2) online marketplace platform and (3) manufacturing. The legacy merchants’ services consists of directory services, the online marketplace platform consists of livedeal.com and the fiscal 2014 acquisitions of consumer products entities and the manufacturing segment consists of the 2015 acquisition of Marquis Industries.

 

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

 

  Three Months Ended March 31,   Six Months Ended March 31, 
   2016   2015   2016   2015 
Revenues                    
Marketplace platform  $1,135,110   $3,879,696   $4,776,752   $11,476,764 
Manufacturing   18,448,094        34,638,124     
Services   256,719    384,283    529,481    794,267 
   $19,839,923   $4,263,979   $39,944,357   $12,271,031 
Gross profit                    
Marketplace platform  $255,204   $1,579,215   $1,850,459   $4,459,138 
Manufacturing   5,105,793        9,659,467     
Services   245,202    355,881    506,148    712,914 
   $5,606,199   $1,935,096   $12,016,074   $5,172,052 
Operating income (loss)                    
Marketplace platform  $(1,245,829)  $(1,381,317)  $(2,149,574)  $(2,539,747)
Manufacturing   2,199,635        3,891,265     
Services   244,672    291,977    504,039    582,518 
   $1,198,478   $(1,089,340)  $2,245,730   $(1,957,229)
Depreciation and amortization                    
Marketplace platform  $67,967   $160,932   $136,243   $325,454 
Manufacturing   447,219        924,775     
Services       6,693        6,693 
   $515,186   $167,625   $1,061,018   $332,147 
Interest Expenses                    
Marketplace platform  $44,066   $5,314   $110,973   $4,196,944 
Manufacturing   290,920        569,496     
Services                
   $334,986   $5,314   $680,469   $4,196,944 
Provision for income taxes                    
Marketplace platform  $   $   $   $ 
Manufacturing           413,980     
Services                
   $   $   $413,980   $ 
Net income (loss)                    
Marketplace platform  $(935,830)  $(1,387,197)  $(1,745,298)  $(6,625,172)
Manufacturing   1,911,769        2,772,552     
Services   242,569    291,977    491,596    582,518 
   $1,218,508   $(1,095,220)  $1,518,850   $(6,042,654)

 

  As of   As of 
  March 31,   September 30, 
   2016   2015 
Total Assets          
Marketplace platform  $4,152,083   $6,811,977 
Manufacturing   35,861,555    33,714,344 
Services   247,714    138,035 
    40,261,352    40,664,356 
Intangible assets          
Marketplace platform  $1,401,069   $1,516,930 
Manufacturing   800,000    800,000 
Services        
   $2,201,069    2,316,930