Quarterly report pursuant to Section 13 or 15(d)

17. Segment Reporting

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17. Segment Reporting
6 Months Ended
Mar. 31, 2018
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, ApplianceSmart, Modern Everyday and LiveDeal.com, and the Services segment consists of the directory services business.

 

The following tables summarize segment information for the three and six months ended March 31, 2018 and 2017:

 

    Three Months Ended March 31,     Six Months Ended March 31,  
    2018     2017     2018     2017  
                         
Revenues                      
 Retail and Online   $ 31,183,512     $ 19,975,533     $ 52,476,983     $ 34,752,256  
 Manufacturing     20,808,622       18,343,692       39,687,157       35,531,226  
 Services     187,794       217,200       383,852       441,607  
    $ 52,179,928     $ 38,536,425     $ 92,547,992     $ 70,725,089  
                                 
 Gross profit                                
 Retail and Online   $ 14,536,885     $ 11,084,654     $ 25,992,687     $ 19,152,262  
 Manufacturing     4,936,246       5,186,082       9,688,814       9,549,375  
 Services     177,570       204,634       365,090       418,965  
    $ 19,650,701     $ 16,475,370     $ 36,046,591     $ 29,120,602  
                                 
 Operating income (loss)                                
 Retail and Online   $ 2,391,848     $ 2,535,159     $ 4,623,324     $ 4,279,126  
 Manufacturing     1,504,823       2,531,388       3,007,077       4,252,648  
 Services     177,292       204,310       364,350       418,151  
    $ 4,073,963     $ 5,270,857     $ 7,994,751     $ 8,949,925  
                                 
 Depreciation and amortization                                
 Retail and Online   $ 440,503     $ 326,675     $ 1,117,964     $ 555,106  
 Manufacturing     866,756       761,523       1,585,200       1,468,139  
 Services                        
    $ 1,307,259     $ 1,088,198     $ 2,703,164     $ 2,023,245  
                                 
 Interest expenses                                
 Retail and Online   $ 1,349,291     $ 1,603,120     $ 3,371,698     $ 2,682,426  
 Manufacturing     472,429       431,933       918,334       802,103  
 Services                        
    $ 1,821,720     $ 2,035,053     $ 4,290,032     $ 3,484,529  
                                 
 Net income before provision for income taxes                                
 Retail and Online   $ 1,161,581     $ 1,193,591     $ 5,214,176     $ 2,016,338  
 Manufacturing     1,019,656       1,981,175       2,083,049       3,216,069  
 Services     177,292       204,310       364,350       418,151  
    $ 2,358,529     $ 3,379,076     $ 7,661,575     $ 5,650,558  

 

                      As of       As of  
                      March 31,       September 30,  
                      2018       2017  
 Total assets                                
 Retail and Online                   $ 86,373,999     $ 81,703,371  
 Manufacturing                     50,860,338       46,783,429  
 Services                     90,586       107,795  
                    $ 137,324,923     $ 128,594,595  
                                 
 Goodwill and intangible assets                                
 Retail and Online                   $ 40,716,285     $ 40,778,865  
 Manufacturing                     358,550       373,184  
 Services                            
                    $ 41,074,835     $ 41,152,049