XML 54 R26.htm IDEA: XBRL DOCUMENT
v3.6.0.2

3. Balance Sheet Detail Information (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance sheet detail information |
|  | September 30, |  |  | September 30, |
|  | 2016 |  |  | 2015 |
Trade and other receivables, current, net: |  |  |  |  |  |  |  |
Accounts receivable, current |  | $ | 9,151,663 |  |  | $ | 9,007,127 |
Less: Allowance for doubtful accounts |  |  | (816,862 | ) |  |  | (763,135 | )
|  | $ | 8,334,801 |  |  | $ | 8,243,992 |
Trade and other receivables, long term, net: |  |  |  |  |  |  |  |
Accounts receivable, long term |  | $ | 344,572 |  |  | $ | 344,572 |
Less: Allowance for doubtful accounts |  |  | (344,572 | ) |  |  | (344,572 | )
|  | $ | – |  |  | $ | – |
Total trade and other receivables, net: |  |  |  |  |  |  |  |
Gross trade and other receivables |  | $ | 9,496,235 |  |  | $ | 9,351,699 |
Less: Allowance for doubtful accounts |  |  | (1,161,434 | ) |  |  | (1,107,707 | )
|  | $ | 8,334,801 |  |  | $ | 8,243,992 |
Components of allowance for doubtful accounts |
Components of allowance for doubtful accounts are as follows: |  |  |  |  |  |  |  |
Allowance for dilution and fees on amounts due from billing aggregators |  | $ | 1,063,617 |  |  | $ | 1,063,617 |
Allowance for customer refunds |  |  | 1,230 |  |  |  | 1,715 |
Allowance for other trade receivables |  |  | 96,587 |  |  |  | 42,375 |
|  | $ | 1,161,434 |  |  | $ | 1,107,707 |
Schedule of inventory |
Inventory |  |  |  |  |  |  |  |
Raw materials |  | $ | 6,664,286 |  |  | $ | 6,715,298 |
Work in progress |  |  | 773,238 |  |  |  | 836,837 |
Finished goods |  |  | 4,721,371 |  |  |  | 6,185,741 |
|  |  | 12,158,895 |  |  |  | 13,737,876 |
Less: Obsolescence reserve |  |  | (1,105,810 | ) |  |  | (402,278 | )
|  | $ | 11,053,085 |  |  | $ | 13,335,598 |
Schedule of property and equipment |
Property and equipment, net: |  |  |  |  |  |  |  |
Land and improvements |  | $ | – |  |  | $ | 687,999 |
Building and improvements |  |  | 6,780,959 |  |  |  | 4,202,000 |
Transportation equipment |  |  | 77,419 |  |  |  | 77,419 |
Machinery and equipment |  |  | 10,211,565 |  |  |  | 7,676,561 |
Furnishings and fixtures |  |  | 192,701 |  |  |  | 211,701 |
Office, computer equipment and other |  |  | 216,793 |  |  |  | 244,674 |
|  |  | 17,479,437 |  |  |  | 13,100,354 |
Less: Accumulated depreciation |  |  | (3,464,936 | ) |  |  | (618,453 | )
|  | $ | 14,014,501 |  |  | $ | 12,481,901 |
Schedule of intangible assets |
Intangible assets, net: |  |  |  |  |  |  |  |
Domain name and marketing related intangibles |  | $ | 18,957 |  |  | $ | 18,957 |
Website and technology related intangibles |  |  | – |  |  |  | 25,300 |
Customer Relationships intangible |  |  | 402,452 |  |  |  | – |
Purchased software |  |  | 1,500,000 |  |  |  | 1,500,000 |
|  |  | 1,921,409 |  |  |  | 1,544,257 |
Less: Accumulated amortization |  |  | (231,619 | ) |  |  | (27,327 | )
|  | $ | 1,689,790 |  |  | $ | 1,516,930 |
Schedule of accrued liabilities |
Accrued liabilities: |  |  |  |  |  |  |  |
Accrued payroll and bonuses |  | $ | 685,410 |  |  | $ | 731,782 |
Accrued software costs |  |  | 584,500 |  |  |  | 1,500,000 |
Accrued fee due Kingston Diversified Holdings LLC |  |  | 2,800,000 |  |  |  | – |
Accrued expenses - other |  |  | 2,326,862 |  |  |  | 1,429,167 |
|  | $ | 6,396,772 |  |  | $ | 3,660,949 |

X
- Definition Allowance for doubtful accounts table text block + References No definition available. + Details
Name: | LIVE_AllowanceForDoubtfulAccountsTableTextBlock
Namespace Prefix: | LIVE_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration