XML 34 R27.htm IDEA: XBRL DOCUMENT v3.19.2

5. Acquisition (Tables)

9 Months Ended

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

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=116869197&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_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: