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18. Segment Reporting | 12 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Segment Reporting | The Company operates in three segments which are characterized as: (1) Manufacturing, (2) Retail Online and (3) Services. The Manufacturing Segment consists of Marquis Industries, Inc., the Retail Online segment consists of Vintage Stock, Inc., Livedeal.com and Modern Everyday, Inc., and the Services segment consists of the Local Exchange Carrier billings business and Velocity Local. The following tables summarize segment information for the years ended September 30, 2017 and 2016:
|  | Year Ended |  |  | Year Ended |
|  | September 30, 2017 |  |  | September 30, 2016 |
|  | Net |  |  | Net |
|  | Revenue |  |  | Revenue |
Revenue |  |  |  |  |  |
Used Movies, Music, Games and Other |  | $ | 40,752,981 |  |  | $ | – |
New Movies, Music, Games and Other |  |  | 29,522,356 |  |  |  | – |
Rentals, Concessions and Other |  |  | 1,116,308 |  |  |  | – |
Kitchen and Home Products |  |  | 128,904 |  |  |  | 5,438,007 |
Carpets |  |  | 57,510,294 |  |  |  | 56,572,212 |
Hard Surface Products |  |  | 16,211,404 |  |  |  | 11,254,131 |
Synthetic Turf Products |  |  | 5,964,633 |  |  |  | 4,683,014 |
Directory Services |  |  | 854,052 |  |  |  | 1,006,883 |
Total Revenue |  | $ | 152,060,932 |  |  | $ | 78,954,247 |
|  | Year Ended September 30, |
|  | 2017 |  |  | 2016 |
|  |  |  |  | (Restated) |
Revenues |  |  |  |  |
Retail and Online |  | $ | 71,520,549 |  |  | $ | 5,438,007 |
Manufacturing |  |  | 79,686,331 |  |  |  | 72,509,357 |
Services |  |  | 854,052 |  |  |  | 1,006,883 |
|  | $ | 152,060,932 |  |  | $ | 78,954,247 |
Gross profit |  |  |  |  |  |  |  |
Retail and Online |  | $ | 41,101,989 |  |  | $ | 1,238,317 |
Manufacturing |  |  | 20,653,006 |  |  |  | 17,771,735 |
Services |  |  | 811,640 |  |  |  | 964,818 |
|  | $ | 62,566,635 |  |  | $ | 19,974,870 |
Operating income (loss) |  |  |  |  |  |  |  |
Retail and Online |  | $ | 8,875,855 |  |  | $ | (5,172,406 | )
Manufacturing |  |  | 8,414,684 |  |  |  | 6,529,469 |
Services |  |  | 808,838 |  |  |  | 961,186 |
|  | $ | 18,099,377 |  |  | $ | 2,318,249 |
Depreciation and amortization |  |  |  |  |  |  |  |
Retail and Online |  | $ | 2,074,574 |  |  | $ | 284,593 |
Manufacturing |  |  | 2,950,974 |  |  |  | 2,840,718 |
Services |  |  | – |  |  |  | – |
|  | $ | 5,025,548 |  |  | $ | 3,125,311 |
Interest expenses |  |  |  |  |  |  |  |
Retail and Online |  | $ | 5,879,447 |  |  | $ | 2,947,294 |
Manufacturing |  |  | 1,717,538 |  |  |  | 1,073,253 |
Services |  |  | – |  |  |  | – |
|  | $ | 7,596,985 |  |  | $ | 4,020,547 |
Net income (loss) before provision for income taxes |  |  |  |  |  |  |  |
Retail and Online |  | $ | 3,096,109 |  |  | $ | 2,947,294 |
Manufacturing |  |  | 6,678,652 |  |  |  | 1,073,253 |
Services |  |  | 808,838 |  |  |  | – |
|  | $ | 10,583,599 |  |  | $ | 4,020,547 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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