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16. Business Combinations
 9 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Business Combinations

On July 6 and July 7, 2015, the Company entered into a series of agreements in connection with its indirect purchase of Marquis Industries, Inc., a Georgia corporation, and its subsidiaries. The purchase price allocation made by the Company as disclosed in the footnotes to its audited financial statements included in Form 10K is preliminary and subject to change. The Company has not yet completed its analysis to determine the fair value of inventory, property and equipment and a mezzanine loan on the acquisition date. Once this analysis is complete, the Company will adjust, if necessary, the provisional amounts assigned to inventory, property and equipment and a mezzanine loan in the accounting period in which the analysis is completed.

 

The unaudited pro forma information below present statement of operations data for the nine months ended June 30, 2015 as if the acquisition of Marquis Industries took place on October 1, 2014.

 

   Nine months Ended 
   June 30, 
   2015 
   (unaudited) 
Net revenue  $63,163,294 
Gross profit   18,866,546 
Operating loss   (469,659)
Net loss   (5,668,192)
Loss per share   (0.36)