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4. Acquisition (Tables) | 12 Months Ended
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Sep. 30, 2018
VSAH [Member] |
Schedule of acquired assets and liabilities |
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 |
Net revenue |  | $ | 76,133,061 |
Gross profit |  |  | 43,735,263 |
Operating income |  |  | 11,167,940 |
Net income |  |  | 5,517,942 |
Earnings per basic common share |  | $ | 2.50 |
ApplianceSmart Inc [Member] |
Schedule of acquired assets and liabilities |
Trade receivables |  | $ | 1,805,545 |
Inventory |  |  | 7,444,282 |
Prepaid expenses |  |  | 69,347 |
Refundable deposits |  |  | 1,003,841 |
Intangible asset - trade names |  |  | 2,015,000 |
Intangible asset - customer list |  |  | 5,202 |
Intangible asset - leases |  |  | 1,205,596 |
Restricted cash |  |  | 750,000 |
Property and equipment |  |  | 1,094,503 |
Deferred income tax |  |  | (1,599,560 | )
Bargain gain on acquisition |  |  | (7,293,756 | )
|  | $ | 6,500,000 |
Pro forma table related to acquisition |
|  | Year Ended |  |  | Year Ended |
|  | September 30, 2018 |  |  | September 30, 2017 |
Net revenue |  | $ | 44,138,639 |  |  | $ | 59,112,048 |
Gross profit |  |  | 9,301,315 |  |  |  | 16,122,521 |
Operating income |  |  | (7,161,319 | ) |  |  | 1,410,022 |
Net income |  |  | 637,819 |  |  |  | 676,636 |
Earnings per basic common share |  | $ | 0.32 |  |  | $ | 0.31 |
ASH [Member] |
Schedule of acquired assets and liabilities |
Accounts payable |  | $ | 1,374,647 |
Accrued expenses |  |  | 1,080,255 |
Capital leases |  |  | 29,631 |
Credit card receivables |  |  | (255,301 | )
Cash |  |  | (621,863 | )
Total net liabilities assumed by ASH |  | $ | 1,607,369 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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