XML 33 R15.htm IDEA: XBRL DOCUMENT
v3.5.0.2

10. Earnings (Loss) Per Share | 9 Months Ended
--- | ---
Jun. 30, 2016
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (loss) per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding is computed using the weighted average shares outstanding during the period. Diluted earnings (loss) per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable in respect of stock options, warrants and convertible preferred stock. The potential dilutive effect of stock options and warrants is calculated using the treasury stock method. Preferred stock dividends are subtracted from net loss to determine the amount available to common stockholders. The following table presents the computation of basic and diluted earnings (loss) per share:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributed to Live Ventures Incorporated |  | $ | 13,368,197 |  |  | $ | (4,208,391 | ) |  | $ | 14,762,853 |  |  | $ | (10,251,045 | )
Less: preferred stock dividends |  |  | (479 | ) |  |  | (480 | ) |  |  | (1,438 | ) |  |  | (1,442 | )
Net income (loss) applicable to common stock |  | $ | 13,367,718 |  |  | $ | (4,208,871 | ) |  | $ | 14,761,415 |  |  | $ | (10,252,487 | )
Weighted average common shares outstanding |  |  | 16,836,361 |  |  |  | 16,151,289 |  |  |  | 16,879,151 |  |  |  | 15,766,001 |
Basic earnings (loss) per share |  | $ | 0.79 |  |  | $ | (0.26 | ) |  | $ | 0.87 |  |  | $ | (0.65 | )
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) applicable to common stock |  | $ | 13,367,718 |  |  | $ | (4,208,871 | ) |  | $ | 14,761,415 |  |  | $ | (10,252,487 | )
Add: preferred stock dividends |  |  | 479 |  |  |  | – |  |  |  | 1,438 |  |  |  | – |
Net income (loss) applicable for diluted earnings (loss) per share |  | $ | 13,368,197 |  |  | $ | (4,208,871 | ) |  | $ | 14,762,853 |  |  | $ | (10,252,487 | )
Weighted average common shares outstanding |  |  | 16,836,361 |  |  |  | 16,151,289 |  |  |  | 16,879,151 |  |  |  | 15,766,001 |
Add: Options |  |  | 128,375 |  |  |  | – |  |  |  | 119,784 |  |  |  | – |
Add: Warrants |  |  | 2,050,296 |  |  |  | – |  |  |  | 1,989,063 |  |  |  | – |
Add: preferred stock |  |  | 127,800 |  |  |  | – |  |  |  | 127,800 |  |  |  | – |
Assumed weighted average common shares outstanding |  |  | 19,142,832 |  |  |  | 16,151,289 |  |  |  | 19,115,798 |  |  |  | 15,766,001 |
Diluted earnings (loss) per share |  | $ | 0.70 |  |  | $ | (0.26 | ) |  | $ | 0.77 |  |  | $ | (0.65 | )
The following is a list of potentially dilutive securities outstanding (prior to dilutive effect) at the respective periods:
|  | Three Months Ended June 30, |  |  | Nine months Ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Options to purchase shares of common stock |  |  | 1,050,000 |  |  |  | 1,050,000 |  |  |  | 1,050,000 |  |  |  | 1,050,000 |
Warrants to purchase shares of common stock |  |  | 3,540,876 |  |  |  | 3,540,876 |  |  |  | 3,540,876 |  |  |  | 3,540,876 |
Series E convertible preferred stock |  |  | 127,840 |  |  |  | 127,840 |  |  |  | 127,840 |  |  |  | 127,840 |
Total potentially dilutive shares |  |  | 4,718,716 |  |  |  | 4,718,716 |  |  |  | 4,718,716 |  |  |  | 4,718,716 |

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration