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15. Segment Reporting
 3 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting

The Company operates in two segments which are characterized as:  (1) legacy and merchants’ services and (2) online marketplace platform. The legacy and merchants’ services consists of LEC business and Velocity Local and the online marketplace platform consists of livedeal.com and the recent acquisitions of consumer products entities.

 

The following tables summarize segment information for the three months ended December 31, 2014 and 2013:

 

   Three Months Ended
December 31,		 
   2014   2013 
Net revenues          
 Marketplace platform  $7,597,068   $1,392 
 Services   409,984    592,066 
   $8,007,052   $593,458 
           
Gross profit          
 Marketplace platform  $2,879,923   $(191)
 Services   357,033    472,320 
   $3,236,956   $472,129 
           
Operating income (loss)          
 Marketplace platform  $(1,158,430)  $(667,488)
 Services   290,541    241,846 
   $(867,889)  $(425,642)
           
Depreciation and amortization          
 Marketplace platform  $164,522   $104,710 
 Services   –    – 
   $164,522   $104,710 
           
Interest Expenses          
 Marketplace platform  $4,191,630   $– 
 Services   –    516 
   $4,191,630   $516 
           
Net income (loss)          
 Marketplace platform  $(5,237,975)  $(646,152)
 Services   290,541    237,994 
   $(4,947,434)  $(408,158)

 

   As of   As of 
   December 31,   September 30, 
   2014   2014 
Total Assets          
 Marketplace platform  $17,677,558   $18,118,425 
 Services   202,630    171,021 
   $17,880,188   $18,289,446 
           
Intangible assets          
 Marketplace platform  $5,607,012   $4,234,692 
 Services   5,816    6,422 
   $5,612,828   $4,241,114