XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.10.0.1

5. Acquisition (Tables) | 3 Months Ended
--- | ---
Dec. 31, 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 |
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 |
|  | Proforma |  |  | Actual |
|  | Three Months |  |  | Unaudited |
|  | Ended |  |  | Results - One Day |
|  | December 31, 2017 |  |  | December 31, 2017 |
Net revenue |  | $ | 11,320,975 |  |  | $ | 68,674 |
Gross profit |  |  | 1,112,073 |  |  |  | 19,200 |
Operating income |  |  | (2,504,976 | ) |  |  | 19,655 |
Net income (loss) |  |  | (2,089,772 | ) |  |  | 19,655 |
Earnings (loss) per basic common share |  | $ | (1.06 | ) |  | $ | 0.01 |
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 |

X
- 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
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=LIVE_VintageStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=LIVE_ApplianceSmartIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=LIVE_ASHMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |