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Acquisition (Tables) | 12 Months Ended
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Sep. 30, 2019
ASH |
Schedule of Acquired Assets and Assumed Liabilities | Net liabilities assumed by ASH on December 31, 2017:
Accounts payable |  | $ | 1,374 |
Accrued expenses |  |  | 1,080 |
Capital leases |  |  | 30 |
Credit card receivables |  |  | (255 | )
Cash |  |  | (622 | )
Total net liabilities assumed by ASH |  | $ | 1,607 |
ApplianceSmart Inc |
Schedule of Acquired Assets and Assumed Liabilities | The table below summarizes our final purchase price allocation of the consideration paid to the respective fair values of the assets acquired in the ApplianceSmart acquisition as of the ApplianceSmart Closing Date. The Company finalized its estimates after it determined that it had obtained all necessary information that existed as of the ApplianceSmart Acquisition Date related to these matters.
Trade receivables |  | $ | 1,806 |
Inventory |  |  | 7,444 |
Prepaid expenses |  |  | 69 |
Refundable deposits |  |  | 1,004 |
Intangible asset - trade names |  |  | 2,015 |
Intangible asset - customer list |  |  | 5 |
Intangible asset - leases |  |  | 1,206 |
Restricted cash |  |  | 750 |
Property and equipment |  |  | 1,095 |
Deferred income tax |  |  | (1,600 | )
Bargain gain on acquisition |  |  | (7,294 | )
|  | $ | 6,500 |
Summary of Unaudited Pro Forma Information | The unaudited pro forma information below presents statement of income data for the year ended September 30, 2018 compared to the actual results, adjusted for the bargain purchase gain associated with the transaction.
|  | Year Ended September 30, 2018 |
|  | Proforma |  |  | Actual |
Net revenue |  | $ | 209,637 |  |  | $ | 199,633 |
Gross profit |  |  | 76,849 |  |  |  | 74,198 |
Operating income |  |  | 8,791 |  |  |  | 10,800 |
Net income (loss) |  |  | (62 | ) |  |  | 1,741 |
Income (loss) per basic common share |  | $ | (0.03 | ) |  | $ | 0.89 |

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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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