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5. Acquisitions (Tables)
 12 Months Ended
Sep. 30, 2016
Marquis Industries, Inc. [Member]  
Purchase price allocation

  

(Restated)
Total

   
Cash and cash equivalents  $496,944   
Accounts receivable   7,262,188   
Inventory   11,717,113   
Prepaid and other current assets   1,518,430   
Property and equipment   16,392,695   
Intangible - customer relationships   439,039   
Bargain purchase gain (1)   (1,499,345)  
Deferred taxes (1)   (3,074,623)  
Accounts payable   (4,139,830)  
Accrued expenses   (433,989)  
Non-controlling interest (2)   (2,000,000)  
   $26,678,622  (3)

______________

(1)– see note 4
(2)– non-controlling interest was valued at the price paid by the Company when it subsequently purchased the remaining 20% of Marquis.
(3)- includes $4,800,000 of cash, $6,495,825 from a mezzanine loan from Isaac Capital fund, and $15,382,797 from Bank of America Term and Revolver Loan.

 
Statement of income and expense related to acquisition
   (Restated) 
Depreciation expense  $227,654 
Amortization expense   6,117 
Cost of revenue   1,080,051 
Bargain purchase gain on acquisition   1,499,345 
Vintage Stock Inc [Member]  
Purchase price allocation
Cash and cash equivalents  $272,590 
Trade and other receivables   177,338 
Inventory   18,711,192 
Prepaid expenses and other current assets   814,201 
Property and equipment   4,859,676 
Intangible - leases   1,033,412 
Intangible - trade names   1,200,000 
Intangible - customer list   50,000 
Intangible - customer relationship   1,000,000 
Goodwill   36,946,735 
Notes payable   (542,074)
Accounts payable   (5,165,612)
Accrued expenses   (1,703,760)
   $57,653,698 
Pro forma table related to acquisition
     

Year Ended

September 30,

2017

   

Year Ended
September 30,

2016

 
Net revenue   $ 76,133,061    $65,493,122 
Gross profit     43,735,263     37,482,534 
Operating income     11,167,940     11,674,745 
Net income     5,517,942     3,285,387 
Earnings per basic common share   $ 2.50    $1.17