Quarterly report pursuant to Section 13 or 15(d)

15. Segment Reporting

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15. Segment Reporting
3 Months Ended
Dec. 31, 2015
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 months ended December 31, 2015 and 2014:

 

    Three Months Ended December 31,  
    2015     2014  
Revenues                
Marketplace platform   $ 3,641,642     $ 7,597,068  
Manufacturing     16,190,030        
Services     272,762       409,984  
    $ 20,104,434     $ 8,007,052  
                 
Gross profit                
Marketplace platform   $ 1,595,255     $ 2,879,923  
Manufacturing     4,553,674        
Services     260,946       357,033  
    $ 6,409,875     $ 3,236,956  
                 
Operating income (loss)                
Marketplace platform   $ (903,745 )   $ (1,158,430 )
Manufacturing     1,691,630        
Services     259,367       290,541  
    $ 1,047,252     $ (867,889 )
                 
Depreciation and amortization                
Marketplace platform   $ 68,276     $ 164,522  
Manufacturing     477,556        
Services            
    $ 545,832     $ 164,522  
                 
Interest Expenses                
Marketplace platform   $ 66,907     $ 4,191,630  
Manufacturing     278,576        
Services            
    $ 345,483     $ 4,191,630  
                 
Provision for income taxes                
Marketplace platform   $     $  
Manufacturing     413,980        
Services            
    $ 413,980     $  
                 
Net income (loss)                
Marketplace platform   $ (809,468 )   $ (5,237,975 )
Manufacturing     860,783        
Services     249,027       290,541  
    $ 300,342     $ (4,947,434 )

  

     

As of

December 31,

2015

     

As of

September 30,

2015

 
Total Assets                
Marketplace platform   $ 5,631,579     $ 6,811,977  
Manufacturing     32,962,806       33,714,344  
Services     313,045       138,035  
    $ 38,907,430     $ 40,664,356  
                 
Intangible assets                
Marketplace platform   $ 1,458,999     $ 1,516,930  
Manufacturing     800,000       800,000  
Services            
    $ 2,258,999     $ 2,316,930