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5. Acquisition (Tables) | 9 Months Ended
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Jun. 30, 2019
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 Three months Ended |  |  | Actual Unaudited Three months ended |  |  | Proforma Nine Months Ended |  |  | Actual Unaudited Results through |
|  | June 30, 2018 |  |  | June 30, 2018 |  |  | June 30, 2018 |  |  | June 30, 2018 |
Net revenue |  | $ | 11,622,469 |  |  | $ | 11,622,469 |  |  | $ | 34,135,286 |  |  | $ | 22,882,985 |
Gross profit |  |  | 2,089,169 |  |  |  | 2,089,169 |  |  |  | 6,650,347 |  |  |  | 5,557,474 |
Operating income (loss) |  |  | (3,369,745 | ) |  |  | (3,369,745 | ) |  |  | (5,152,158 | ) |  |  | (3,077,526 | )
Net income (loss) |  |  | 4,157,638 |  |  |  | 4,157,638 |  |  |  | 2,440,556 |  |  |  | 4,549,983 |
Earnings (loss) per basic common share |  | $ | 2.12 |  |  | $ | 2.12 |  |  | $ | 1.24 |  |  | $ | 2.31 |
ASH [Member] |
Schedule of acquired assets and liabilities | Net liabilities assumed by ASH on December 31, 2017:
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=116869197&loc=d3e4845-128472 + Details
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