Live Ventures (LIVE) 10-Q 16 Feb 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2020	Feb. 08, 2021
Cover [Abstract]
Entity Registrant Name	Live Ventures Inc
Entity Central Index Key	0001045742
Document Type	10-Q
Document Period End Date	Dec. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Incorporation, State or Country Code	NV
File Number	001-33937
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		1,555,175
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Trading Symbol	LIVE
Security12b Title	Common Stock, $0.001 par value per share
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Tax Identification Number	85-0206668
Entity Address, Address Line One	325 E. Warm Springs Road
Entity Address, Address Line Two	Suite 102
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89119
City Area Code	702
Local Phone Number	997-5968

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020
Assets
Cash	$ 7,232	$ 8,984
Trade receivables, net	17,564	20,121
Inventories, net	64,739	64,525
Prepaid expenses and other current assets	1,305	1,778
Debtor in possession assets	326	520
Total current assets	91,166	95,928
Property and equipment, net	31,127	30,376
Right of use asset - operating leases	28,971	30,894
Deposits and other assets	590	223
Deferred taxes		1,021
Intangible assets, net	956	1,063
Goodwill	37,754	37,754
Total assets	190,564	197,259
Liabilities:
Accounts payable	8,227	9,117
Accrued liabilities	12,896	14,822
Income taxes payable	806	736
Lease obligation short term - operating leases	6,958	7,176
Current portion of long-term debt	12,066	11,986
Current portion of long-term debt related parties		1,297
Debtor in possession liabilities	11,889	12,228
Total current liabilities	52,842	57,362
Long-term debt, net of current portion	57,961	63,390
Lease obligation long term - operating leases	26,503	28,101
Long-term debt related parties, net of current portion	4,000	4,000
Deferred tax liability	269
Other non-current obligations	404	734
Total liabilities	141,979	153,587
Commitments and contingencies
Stockholders' equity:
Common stock, $0.001 par value, 10,000,000 shares authorized, 1,555,175 and 1,589,101 shares issued and outstanding at December 31, 2020 and September 30, 2020, respectively	2	2
Paid in capital	64,489	64,472
Treasury stock common 533,011 shares as of December 31, 2020 and 499,085 shares as of September 30, 2020	(4,481)	(4,098)
Accumulated deficit	(11,016)	(16,429)
Equity attributable to Live stockholders	48,987	43,940
Noncontrolling interest	(402)	(268)
Total stockholders' equity	48,585	43,672
Total liabilities and stockholders' equity	190,564	197,259
Series B Convertible Preferred Stock
Stockholders' equity:
Preferred stock
Series E Convertible Preferred Stock
Stockholders' equity:
Preferred stock
Treasury stock Series E preferred 50,000 shares as of December 31, 2020 and September 30, 2020	$ (7)	$ (7)

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2020	Sep. 30, 2020
Stockholders' equity:
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	1,555,175	1,589,101
Common stock, shares outstanding	1,555,175	1,589,101
Treasury stock, shares	533,011	499,085
Series B Convertible Preferred Stock
Stockholders' equity:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, issued	214,244	214,244
Preferred stock, outstanding	214,244	214,244
Series E Convertible Preferred Stock
Stockholders' equity:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	200,000	200,000
Preferred stock, issued	47,840	47,840
Preferred stock, outstanding	47,840	47,840
Preferred stock, liquidation preference per share	$ 0.30	$ 0.30
Treasury stock, shares	50,000	50,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenues	$ 62,454	$ 42,001
Cost of revenues	40,185	25,375
Gross profit	22,269	16,626
Operating expenses:
General and administrative expenses	12,279	10,809
Sales and marketing expenses	2,699	2,330
Total operating expenses	14,978	13,139
Operating income (loss)	7,291	3,487
Other (expense) income:
Interest expense, net	(1,470)	(1,357)
Impairment charges	0	(1,207)
Gain on disposal of fixed assets	129	0
Other income (expense)	779	(181)
Total other (expense) income, net	(562)	(2,745)
Income before provision for income taxes	6,729	742
Provision for income taxes	1,450	195
Net income	5,279	547
Net loss attributable to non-controlling interest	134	0
Net income attributable to Live stockholders	$ 5,413	$ 547
Income per share:
Basic	$ 3.45	$ 0.30
Diluted	$ 1.63	$ 0.15
Weighted average common shares outstanding:
Basic	1,568,213	1,806,746
Diluted	3,318,728	3,540,953
Series B Convertible Preferred Stock
Weighted average common shares outstanding:
Dividends declared - convertible preferred stock	$ 0	$ 0
Series E Convertible Preferred Stock
Weighted average common shares outstanding:
Dividends declared - convertible preferred stock	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES:
Net income	$ 5,279	$ 547
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisition:
Depreciation and amortization	1,714	1,085
Impairment charges	0	1,207
Gain on disposal of property and equipment	(129)	47
Amortization of debt issuance cost	266	108
Stock based compensation expense	17	29
Warrant extension fair value adjustment	0	266
Change in deferred rent	0	370
Change in reserve for uncollectible accounts	658	415
Change in reserve for obsolete inventory	590	(170)
Change in deferred income taxes	1,290	126
Change in other	(344)	103
Changes in assets and liabilities:
Trade receivables	1,909	1,929
Inventories	(716)	439
Income taxes receivable	70	74
Prepaid expenses and other current assets	478	290
Deposits and other assets	(366)	9
Right-of-use assets	1,923	1,628
Accounts payable	(898)	(2,182)
Accrued liabilities	(2,256)	(2,020)
Lease liabilities	(1,817)	(1,301)
Net cash provided by operating activities	7,668	2,999
INVESTING ACTIVITIES:
Purchase of intangible assets	0	(4)
Purchase of property and equipment	(3,258)	(641)
Net cash provided by (used in) investing activities	(3,258)	(645)
FINANCING ACTIVITIES:
Net borrowings (payments) under revolver loans	(3,289)	(972)
Proceeds from issuance of notes payable	2,130	0
Purchase of common treasury stock	(383)	(343)
Debtor in possession - cash	92	(173)
Payments on long-term debt	(4,712)	(2,042)
Net cash used in financing activities	(6,162)	(3,533)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,752)	(1,179)
CASH AND CASH EQUIVALENTS, beginning of period	8,984	2,681
CASH AND CASH EQUIVALENTS, end of period	7,232	1,502
Supplemental cash flow disclosures:
Interest paid	1,223	1,187
Income taxes paid	0	0
Noncash financing and investing activities:
Settlement of debt in exchange for property and equipment	$ 1,000	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Series B Preferred Stock	Series E Preferred Stock	Common Stock	Paid-In Capital	Series E Preferred Stock Treasury Stock	Common Stock Treasury Stock	Accumulated Deficit	Non-controlling Interest
Beginning balance, value at Sep. 30, 2019	$ 34,129			$ 2	$ 63,924	$ (4)	$ (2,438)	$ (27,355)
Beginning Balance, shares at Sep. 30, 2019		214,244	77,840	1,826,009
Stock based compensation	29				29
Warrant extension fair value adjustment	266				266
Purchase of common treasury stock	(343)						(343)
Purchase of common treasury stock, shares				(41,699)
Purchase of Series E preferred stock	(3)					(3)
Purchase of Series E preferred stock,shares			(30,000)
Net income (loss)	547							547
Ending balance, value at Dec. 31, 2019	34,625			$ 2	64,219	(7)	(2,781)	(26,808)
Ending balance, shares at Dec. 31, 2019		214,244	47,840	1,784,310
Beginning balance, value at Sep. 30, 2020	43,672			$ 2	64,472	(7)	(4,098)	(16,429)	$ (268)
Beginning Balance, shares at Sep. 30, 2020		214,244	47,480	1,589,101
Stock based compensation	17				17
Purchase of common treasury stock	(383)						(383)
Purchase of common treasury stock, shares				(33,926)
Net income (loss)	5,279							5,413	(134)
Ending balance, value at Dec. 31, 2020	$ 48,585			$ 2	$ 64,489	$ (7)	$ (4,481)	$ (11,016)	$ (402)
Ending balance, shares at Dec. 31, 2020		214,244	47,480	1,555,175

Background and Basis of Present

Background and Basis of Presentation	3 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Background and Basis of Presentation	Note 1: Background and Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Live Ventures Incorporated, a Nevada corporation, and its subsidiaries (collectively, the “Company”). Commencing in fiscal year 2015, the Company began a strategic shift in its business plan away from providing online marketing solutions for small and medium sized business to acquiring profitable companies in various industries that have demonstrated a strong history of earnings power. The Company continues to actively develop, revise and evaluate its products, services and its marketing strategies in its businesses. The Company has operating segments: Retail, Flooring Manufacturing and Steel Manufacturing. Included in the Retail segment: (i) Vintage Stock, Inc. (“Vintage Stock”), the Company is engaged in the retail sale of new and used movies, music, collectibles, comics, books, games, game systems and components and (ii) ApplianceSmart, Inc. (“ApplianceSmart”), the Company is engaged in the sale of new major appliances through a retail store. Included in the Flooring Manufacturing segment is Marquis Industries, Inc. (“Marquis”), which is engaged in the manufacture and sale of carpet and the sale of vinyl and wood floorcoverings. Included in the Steel Manufacturing Segment is Precision Industries, Inc. (“Precision Marshall”), which is engaged in the manufacture and sale of alloy and steel plates, ground flat stock and drill rods The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for audited financial statements. In the opinion of the Company’s management, this interim information includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results of operations for three months ended December 31, 2020 are not necessarily indicative of the results to be expected for the fiscal year ending September 30, 2021. This financial information should be read in conjunction with the consolidated financial statements and related notes thereto as of September 30, 2020 and for the fiscal year then ended included in the Company’s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 13, 2021 (the “2020 10-K”). Going concern Based on our current operating plans, we believe that available cash balances, cash generated from our operating activities and funds available under our asset-based revolver lines of credit will provide sufficient liquidity to fund our operations, pay our scheduled loan payments, continue to repurchase shares, and pay dividends on our shares of Series E Preferred Stock as declared by the Board of Directors, for at least the next 12 months. Coronavirus In March 2020, there was a global outbreak of COVID-19 (Coronavirus) which continues to create challenges and unprecedented conditions. Although there are effective vaccines for COVID-19 that have been approved for use, distribution of the vaccines did not begin until late 2020, and a majority of the public will likely not have access to a vaccination until sometime in 2021. Accordingly, there remains significant uncertainty about the duration and the extent of the impact of the COVID-19 pandemic. These uncertainties include, but are not limited to, the potential adverse effect of the pandemic on the Company’s supply chain partners, its employees and customers, customer sentiment in general, and traffic within shopping centers, and, where applicable, malls, containing its stores. Recommendations and/or mandates from federal, state, and local authorities to avoid large gatherings of people or self-quarantine have previously affected, and may continue to affect, traffic to the stores. As of March 31, 2020, Vintage Stock had closed all of its retail locations in response to the crisis. Beginning May 1, 2020, Vintage Stock began to reopen certain locations in compliance with government regulations and, at June 30, 2020, all Vintage Stock retail locations were reopened while maintaining compliance with government mandates. The Company is unable to predict if additional periods of store closures will be needed or mandated. During March and April 2020, Marquis conducted rolling layoffs for certain employees, however, during May 2020, most employees have returned to their respective locations. Continued impacts of the pandemic could materially adversely affect the near-term and long-term revenues, earnings, liquidity, and cash flows, and may require significant actions in response, including but not limited to, employee furloughs, reduced store hours, store closings, expense reductions or discounting of pricing of products, all in an effort to mitigate such impacts. The extent of the impact of the pandemic on the business and financial results will depend largely on future developments, including the duration of the spread of the outbreak within the U.S. and the effect of the vaccines, the impact on capital and financial markets and the related impact on consumer confidence and spending, all of which are highly uncertain and cannot be predicted. This situation is changing rapidly, and additional impacts may arise that the Company is not aware of currently.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2: Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements represent the consolidated financial position, results of operations and cash flows for Live Ventures and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Additionally, the Company records noncontrolling interest for entities which the Company has determined itself to be the primarily beneficiary of the variable interest entity but does not have 100% ownership. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made in connection with the accompanying consolidated financial statements include the estimate of dilution and fees associated with billings, the estimated reserve for doubtful current and long-term trade and other receivables, the estimated reserve for excess and obsolete inventory, estimated warranty reserve, estimated fair value and forfeiture rates for stock-based compensation, fair values in connection with the analysis of goodwill, other intangibles and long-lived assets for impairment, current portion of notes payable, valuation allowance against deferred tax assets, lease terminations, and estimated useful lives for intangible assets and property and equipment . Reclassifications Certain amounts in the prior year have been reclassifies to confirm to the current year presentation. Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) In December 2019, the FASB issued ASU No. 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 is part of the FASB’s overall simplification initiative and seeks to simplify the accounting for income taxes by updating certain guidance and removing certain exceptions. The updated guidance is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of adopting this new accounting standard on its consolidated financial statements and related disclosures . In March 2020, the FASB issued ASU No. 2020-04 - Reference Rate Reform (Topic 848), codified as ASC 848 (“ASC 848”). The purpose of ASC 848 is to provide optional guidance to ease the potential effects on financial reporting of the market-wide migration away from Interbank Offered Rates to alternative reference rates. ASC 848 applies only to contracts, hedging relationships, and other transactions that reference a reference rate expected to be discontinued because of reference rate reform. The guidance may be applied upon issuance of ASC 848 through December 31, 2022. The Company is currently assessing the impact of adopting this new accounting standard on its consolidated financial statements and related disclosures .

Leases

Leases	3 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Note 3: Leases The Company leases retail stores, warehouse facilities and office space. These assets and properties are generally leased under noncancelable agreements that expire at various dates through 2040 The weighted average remaining lease term is 9.2 years. Our weighted average discount rate is 6.9%. Total cash payments for the three months ended December 31, 2020 was $2,178. We did not enter into any new leases during the three months ended December 31, 2020 . The following table details our right of use assets and lease liabilities as of December 31, 2020 and September 30, 2020: December 31, 2020 September 30, 2020 Right of use asset - operating leases $ 28,971 $ 30,894 Operating lease liabilities: Current 6,958 7,176 Long term 26,503 28,101 Total present value of future lease payments as of December 31, 2020: Twelve months ended December 31, 2021 $ 8,731 2022 6,871 2023 4,879 2024 3,953 2025 2,946 Thereafter 13,660 Total 41,040 Less implied interest (7,579 ) Present value of payments $ 33,461 During the three months ended December 31, 2019, the Company incurred $1,207 of impairment charges related to the decision to close additional ApplianceSmart retail locations resulting in a decrease to the associated right of use asset related to these leases. These locations physically closed during the three months ended March 31, 2020. There were no similar charges for the three months ended December 31, 2020.

Balance Sheet Detail Informatio

Balance Sheet Detail Information	3 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Balance Sheet Detail Information	Note 4: Balance Sheet Detail Information December 31, 2020 September 30, 2020 Trade receivables, current, net: Accounts receivable, current $ 17,626 $ 20,197 Less: Reserve for doubtful accounts (62 ) (76 ) $ 17,564 $ 20,121 Trade receivables , long term, net: Accounts receivable, long term $ — $ 196 Less: Reserve for doubtful accounts — (196 ) $ — $ — Total trade receivables, net: Gross trade receivables $ 17,626 $ 20,393 Less: Reserve for doubtful accounts (62 ) (272 ) $ 17,564 $ 20,121 Inventory, net Raw materials $ 12,930 $ 13,175 Work in progress 11,031 11,747 Finished goods 26,474 25,009 Merchandise 16,891 17,729 67,326 67,660 Less: Inventory reserves (2,587 ) (3,135 ) $ 64,739 $ 64,525 Property and equipment, net: Building and improvements $ 11,405 $ 9,908 Transportation equipment 122 480 Machinery and equipment 29,719 27,217 Furnishings, fixtures, office equipment and other 6,749 6,353 47,994 43,958 Less: Accumulated depreciation (16,868 ) (13,582 ) $ 31,127 $ 30,376 Intangible assets, net: Domain name and marketing related intangibles $ 90 $ 90 Customer relationship intangibles 2,689 2,689 Purchased software 121 121 2,900 2,900 Less: Accumulated amortization (1,944 ) (1,837 ) $ 956 $ 1,063 Accrued liabilities: Accrued payroll $ 2,691 $ 4,178 Accrued sales and use taxes 1,574 1,251 Accrued property and other tax 208 270 Accrued gift card and escheatment liability 1,683 1,534 Accrued interest payable 393 280 Accrued bank fees and overdrafts 514 2,631 Accrued professional fees 5,102 3,378 Customer deposits 35 169 Accrued expenses - other 695 1,131 $ 12,896 $ 14,822

Long Term Debt

Long Term Debt	3 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Long Term Debt	Note 5: Long Term Debt Long-term debt as of December 31, 2020 and September 30, 2020 consisted of the following: December 31, 2020 September 30, 2020 Bank of America Revolver Loan $ — $ — Encina Business Credit Revolver Loan 13,233 14,886 Texas Capital Bank Revolver Loan 5,534 7,115 Crossroads Financial Revolver Loan 828 883 Encina Business Credit Term Loan 1,576 1,663 Note Payable Comvest Term Loan 1,882 5,554 Note Payable to the Sellers of Vintage Stock 10,000 10,000 Note #1 Payable to Banc of America Leasing & Capital LLC 1,017 1,229 Note #3 Payable to Banc of America Leasing & Capital LLC 1,729 1,862 Note #4 Payable to Banc of America Leasing & Capital LLC 531 572 Note #5 Payable to Banc of America Leasing & Capital LLC 2,402 2,538 Note #6 Payable to Banc of America Leasing & Capital LLC 723 758 Note #7 Payable to Banc of America Leasing & Capital LLC 4,543 4,681 Note #8 Payable to Banc of America Leasing & Capital LLC 3,264 3,091 Note Payable to Extruded Fibers 1,600 2,900 Note Payable to JCM Holdings 1,959 — Note Payable to the Sellers of Precision Marshall 2,500 2,500 Note Payable to Store Capital Acquisitions, LLC 9,235 9,243 Payroll Protection Program 6,150 6,151 JanOne Inc — — Isaac Capital Fund 2,000 2,000 Spriggs Investments, LLC 2,000 2,000 Seller of Lonesome Oak 1,254 1,297 Note payable to individual, interest at 10-11% per annum, payable on a 90 day written notice, unsecured 707 707 Note payable to individuals, interest at 17% per annum, unsecured 130 — Note payable to individual, noninterest bearing, monthly payments of $19 through March 2023, unsecured 726 810 Total debt 75,524 82,440 Less unamortized debt issuance costs (1,497 ) (1,767 ) Net debt 74,027 80,673 Less current portion (12,066 ) (13,283 ) Long-term portion $ 61,961 $ 67,390 Future maturities of long-term debt at December 31, 2020, are as follows which does not include related party debt separately stated: Twelve months ending December 31, 2021 $ 12,066 2022 12,523 2023 33,544 2024 2,256 2025 3,353 Thereafter 11,782 Total $ 75,524 Bank of America Revolver Loan On July 6, 2015 (amended most recently January 31, 2020, July 6, 2020 and September 28, 2020), Marquis entered into a $25,000 revolving credit agreement (“BofA Revolver”) with Bank of America Corporation (“BofA”). The BofA Revolver is a five-year, asset-based facility that is secured by substantially all of Marquis’ assets. Availability under the BofA Revolver is subject to a monthly borrowing base calculation. Marquis’ ability to borrow under the BofA Revolver is subject to the satisfaction of certain conditions, including meeting all loan covenants under the credit agreement with BofA. The following tables summarize the BofA Revolver for the three months ended December 31, 2020 and 2019 and as of December 31, 2020 and September 30, 2020: During the three months ended December 31, 2020 2019 Cumulative borrowing during the period $ 33,126 $ 24,344 Cumulative repayment during the period 35,790 23,817 Maximum borrowed during the period 11,347 2,083 Weighted average interest for the period 0.00 % 3.66 % December 31, 2020 September 30, 2020 Total availability $ 24,924 $ 21,732 Total outstanding — — Loans with Encina Business Credit, LLC On July 14, 2020, Precision entered into a Loan and Security Agreement (the “Loan Agreement”) with Encina Business Credit, LLC, as Agent (the “Agent”). The Loan Agreement provides for secured revolving loans (the “Encina Revolver Loans”) in a principal amount not to exceed the lesser of (i) $23,500 and (ii) a borrowing base equal to the sum of Precision’s (a) 85% of eligible accounts receivable, plus (b) 85% of eligible inventory, subject to an eligible inventory sublimit that begins at $14,000 and declines to $12,000 during the term of the Loan Agreement, minus (c) customary reserves. The following tables summarize the Encina Revolver Loans for the for the three months ended December 31, 2020 and 2019 and as of December 31, 2020 and September 30, 2020: During the three months ended December 31, 2020 2019 Cumulative borrowing during the period $ 8,431 $ — Cumulative repayment during the period 10,084 — Maximum borrowed during the period 1,000 — Weighted average interest for the period 6.50 % 0.00 % December 31, 2020 September 30, 2020 Total availability $ 588 $ 421 Total outstanding 13,233 14,886 Texas Capital Bank Revolver Loan On November 3, 2016, Vintage Stock entered into a $12,000 credit agreement (as amended on January 23, 2017, amended on September 20, 2017, June 7, 2018, September 24, 2019 and September 30, 2020) with Texas Capital Bank (“TCB Revolver”). The TCB Revolver is a five-year, asset-based facility that is secured by substantially all of Vintage Stock’s assets. Availability under the TCB Revolver is subject to a monthly borrowing base calculation. The TCB Revolver matures November 3, 2023. The following tables summarize the TCB Revolver for the three months ended December 31, 2020 and 2019 and as of December 31, 2020 and September 30, 2020: During the three months ended December 31, 2020 2019 Cumulative borrowing during the period $ 20,700 $ 18,626 Cumulative repayment during the period 22,281 19,709 Maximum borrowed during the period 8,930 11,798 Weighted average interest for the period 2.40 % 4.13 % December 31, 2020 September 30, 2020 Total availability $ 6,466 $ 5,520 Total outstanding 5,534 7,115 Crossroads Revolver On March 15, 2019, ApplianceSmart, Inc. (the “Borrower”), entered into a Loan and Security Agreement (the “Crossroads Revolver”) with Crossroads Financing, LLC (“Crossroads”), providing for a $4,000 revolving credit facility, subject to a borrowing base limitation (the “ABL Facility”). The borrowing base for the ABL Facility at any time equals the lower of (i) up to 75% of inventory cost or (ii) up to 85% of net orderly liquidation value, in each case as further described in the Loan Agreement. The Crossroads Revolver matures on March 15, 2021. On March 3, 2020, the Company executed a guaranty agreement to Crossroads to induce Crossroads to continue to extend financial accommodations and consent to use of cash collateral to ApplianceSmart. The amount of the guaranty is $1,200. The guaranty terminates at such time as ApplianceSmart has paid in full all amounts owed by it to Crossroads. The Company expects the guaranty to continue in effect until August 2021. In addition, certain executive officers of the Borrower have agreed to provide validity guarantees On December 9, 2019, ApplianceSmart filed a voluntary petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under Chapter 11 of Title 11 of the United States Code. See Note 11 for a complete discussion. Note payable to JCM Holdings During October 2020, Marquis purchased a manufacturing facility for $2,500. Marquis had previously been leasing this facility. Additionally, Marquis entered into a $2,000 loan agreement with the seller of the facility, which is secured by the facility, in order to complete the purchase of the facility. The loan bears interest at 6% due monthly and matures January 2030. Loan Covenant Compliance We were in compliance as of December 31, 2020 with all covenants under our existing revolving and other loan agreements, with the exception of covenants related to the Crossroads Revolver.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Stockholders' Equity	Note 6 : Stockholders’ Equity Series E Convertible Preferred Stock As of December 31, 2020, and September 30, 2020, there were 47,840 and 47,840 shares outstanding of Series a Preferred Stock, respectively. During the three months ended December 31, 2019, the Company repurchased 30,000 shares of Series E Convertible Preferred Stock for an aggregate purchase price of $3. Treasury Stock For the three months ended December 31, 2020 and 2019, the Company purchased 33,926 and 41,699 shares, respectively, of its common stock on the open market for $383 and $343, respectively.

Warrants

Warrants	3 Months Ended
	Dec. 31, 2020
Warrants And Rights Note Disclosure [Abstract]
Warrants	Note 7 : Warrants The warrants listed below expire at various timeframes over the next two years. However, Company and ICG entered into an agreement whereby if the warrants are not exercised on or before the applicable expiration date, the applicable expiration date is deemed automatically extended for successive two year periods, immediately prior to such expiration. During the three months ended December 31, 2019, the Company recorded a fair value adjustment of $266 related to the extension of warrants that expired during this period. There was no such adjustment during the three months ended December 31, 2020. The following table summarizes information about the Company’s warrants at December 31, 2020 and September 30, 2020, respectively: Number of units - Series B Convertible preferred warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Intrinsic Value Outstanding and Exercisable at September 30, 2020 118,029 $ 20.80 1.35 $ — Outstanding and Exercisable at December 31, 2020 118,029 $ 20.80 1.10 $ — The warrants may be exchanged for shares of common stock at a ratio of one share of Series B Preferred Stock into five common shares. The following table provides information assuming the warrants are exercised and exchanged for common shares: Number of units - Series B Convertible preferred warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Intrinsic Value Outstanding and Exercisable at September 30, 2020 590,147 $ 4.16 1.35 $ 2,820 Outstanding and Exercisable at December 31, 2020 590,147 $ 4.16 1.10 $ 4,874 The exercise price for the Series B Convertible Preferred Stock warrants outstanding and exercisable at December 31, 2020 and September 30, 2020, are as follows: Series B Convertible Preferred Outstanding and Exercisable Number of Warrants Exercise Price 54,396 $ 16.60 17,857 16.80 12,383 24.30 33,393 28.50 118,029 All of the warrants were exercised for shares of Series B Convertible Preferred Stock using a cashless exercise method during January 2021.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Dec. 31, 2020
Share Based Compensation [Abstract]
Stock-Based Compensation	Note 8 : Stock-Based Compensation Our 2014 Omnibus Equity Incentive Plan (the “2014 Plan”) authorizes the issuance of distribution equivalent rights, incentive stock options, non-qualified stock options, performance stock, performance units, restricted ordinary shares, restricted stock units, stock appreciation rights, tandem stock appreciation rights and unrestricted ordinary shares to our directors, officer, employees, consultants and advisors. The Company has reserved up to 300,000 shares of common stock for issuance under the 2014 Plan. From time to time, the Company grants stock options to directors, officers, and employees. These awards are valued at the grant date by determining the fair value of the instruments, net of estimated forfeitures. The value of each award is amortized on a straight-line basis over the requisite service period. The following table summarizes stock option activity for the twelve months ended September 30, 2020 and the three months ended December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Intrinsic Value Outstanding at September 30, 2019 200,418 $ 16.37 2.40 $ 27 Forfeited (81,250 ) Outstanding at September 30, 2020 119,168 $ 19.07 2.71 $ — Exercisable at September 30, 2020 95,001 $ 15.50 1.55 $ — Outstanding at December 31, 2020 119,168 $ 19.07 2.45 $ 87 Exercisable at December 31, 2020 103,168 $ 15.94 1.60 $ 87 The Company recognized compensation expense of $17 and $29 during the three months ended December 31, 2020 and 2019, respectively, related to stock option awards granted to certain employees and officers based on the grant date fair value of the awards, net of estimated forfeitures. At December 31, 2020, the Company has $43 of unrecognized compensation expense (net of estimated forfeitures) associated with stock option awards which the company expects to recognize as compensation expense through October of 2022. The exercise price for stock options outstanding and exercisable outstanding at December 31, 2020 is as follows: Outstanding Exercisable Number of Options Exercise Price ($) Number of Options Exercise Price ($) 25,000 10.00 25,000 10.00 16,668 10.86 16,668 10.86 6,250 12.50 6,250 12.50 6,250 15.00 6,250 15.00 25,000 15.18 25,000 15.18 8,000 23.41 8,000 23.41 8,000 27.60 8,000 27.60 8,000 31.74 8,000 31.74 8,000 36.50 — — 8,000 41.98 — — 119,168 103,168 The following table summarizes information about the Company’s non-vested shares outstanding as of December 31, 2020 and September 30, 2020: Non-vested Shares Number of Shares Average Grant-Date Fair Value Non-vested at September 30, 2020 24,167 $ 33.10 Vested (8,167 ) $ 14.15 Non-vested at December 31, 2020 16,000 $ 39.24

Earnings Per Share

Earnings Per Share	3 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 9 : Earnings Per Share Net earnings per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Diluted net earnings per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential shares of common stock consist of the additional shares of common stock issuable in respect of restricted share awards, stock options and convertible preferred stock. Preferred stock dividends are subtracted from net earnings to determine the amount available to common stockholders. The following table presents the computation of basic and diluted net earnings per share: Three Months Ended December 31, 2020 2019 Basic Net income $ 5,413 $ 547 — — Net income applicable to common stock $ 5,413 $ 547 Weighted average common shares outstanding 1,568,213 1,806,746 Basic income per share $ 3.45 $ 0.30 Diluted Net income applicable to common stock $ 5,413 $ 547 Add: preferred stock dividends — — Net income applicable for diluted earnings per share $ 5,413 $ 547 Weighted average common shares outstanding 1,568,213 1,806,746 Add: Options 41,668 25,000 Add: Series B Preferred Stock 1,071,220 1,071,220 Add: Series B Preferred Stock Warrants 590,147 590,147 Add: Series E Preferred Stock 47,480 47,840 Assumed weighted average common shares outstanding 3,318,728 3,540,953 Diluted income per share $ 1.63 $ 0.15 There are 77,500 and 175,418 common stock options that are anti-dilutive that are not included in the three months ended December 31, 2020 and 2019, diluted earnings per share computations, respectively.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 1 0 : Related Party Transactions Isaac Capital Fund and Capital Group LLC As of December 31, 2020, Isaac Capital Group, LLC (“ICG”) is a record and beneficial owner of approximately 46.2% of the outstanding capital stock of the Company, and Jon Isaac, the Company’s President and Chief Executive Officer, and manager and sole member of ICG, is a record and beneficial owner of approximately 54.0% of the outstanding capital stock of the Company. ICG Term Loan During 2015, Marquis entered into a mezzanine loan in the amount of up to $7,000 (the “ICF Loan”) with Isaac Capital Fund I, LLC (“ICF”), a private lender whose managing member is Jon Isaac, our President and Chief Executive Officer. On July 10, 2020, (i) ICF released and discharged Marquis from all obligations under the loan, (ii) ICF assigned all of its rights and obligations under the instruments, documents, and agreements with respect to the ICG Loan to Isaac Capital Group, LLC, of which Jon Isaac, our President and Chief Executive Officer, is the sole member, and (iii) Live Ventures borrowed $2.0 million (the “ICG Loan”) from ICG using substantially the documentation from the ICF Loan. The ICG Loan matures on May 1, 2025 and bears interest at a rate of Interest is payable in arrears on the last day of each month, commencing July 31, 2020. ICG Revolving Promissory Note On April 9, 2020, the Company entered into an unsecured revolving line of credit promissory note whereby ICG agreed to provide the Company with a revolving credit facility (the “ICG Revolver”) ICG Revolver and provides for the payment of interest monthly in arrears Series B Preferred Warrants The warrants, discussed in Note 7, expire at various timeframes over the next two years. However, Company and ICG entered into an agreement whereby if the warrants are not exercised on or before the applicable expiration date, the applicable expiration date is deemed automatically extended for successive two-year periods immediately prior to such expiration. All of these warrants were exercised by cashless exercise during January 2021. JanOne Inc. Lease agreement Customer Connexx LLC, a wholly-owned subsidiary of JanOne Inc. (“JanOne”), rents approximately 9,900 square feet of office space from the Company at its Las Vegas office which totals 16,500 square feet. JanOne paid the Company $35 and $45 in rent and other reimbursed expenses for the three months ended December 31, 2020 and 2019, respectively. Tony Isaac and Virland Johnson are Chief Executive Officer and Board of Directors member and the Chief Financial Officer of JanOne, respectively. Note payable On December 30, 2017, ApplianceSmart Holdings Inc. (“ASH”) entered into a Stock Purchase Agreement (the “Agreement”) with Appliance Recycling Centers of America, Inc. (now JanOne Inc.) (the “Seller”) and ApplianceSmart, Inc. (“ApplianceSmart”), a subsidiary of the Seller. Pursuant to the Agreement, ASH purchased (the “Transaction”) from the Seller all of the issued and outstanding shares of capital stock of ApplianceSmart in exchange for On April 25, 2018, ASH delivered to the Seller that certain Promissory Note (the “ApplianceSmart Note”) in the original principal amount of $3,919 (the “Original Principal Amount”), as such amount may be adjusted per the terms of the ApplianceSmart Note. The ApplianceSmart Note is effective as of April 1, 2018 and matures on April 1, 2021 (the “Maturity Date”). The ApplianceSmart Note bears interest at 5% per annum with interest payable monthly in arrears. Ten percent of the outstanding principal amount will be repaid annually on a quarterly basis, with the accrued and unpaid principal due on the Maturity Date. ApplianceSmart has agreed to guaranty repayment of the ApplianceSmart Note On December 26, 2018, ASH and the Seller amended and restated the ApplianceSmart Note to, among other things, grant the Seller a security interest in the assets of ASH and ApplianceSmart in accordance with the terms of separate security agreements entered into between ASH and ApplianceSmart, respectively, and the Seller. On December 9, 2019, ApplianceSmart filed a voluntary petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under Chapter 11 of Title 11 of the United States Code. See Note 11 for a complete discussion. Other Note Payable to the Sellers of Vintage Stock In connection with the purchase of Vintage Stock, on November 3, 2016, Vintage Stock entered into a seller financed mezzanine loan in the amount of $10,000 with the previous owners of Vintage Stock. The Sellers Subordinated Acquisition Note bears interest at 8% per annum, with interest payable monthly in arrears. The Sellers Subordinated Acquisition Note, as amended, has a maturity date of September 23, 2023. Rodney Spriggs, President of Vintage Stock, holds a 41% interest in the $10,000 Seller Subordinated Acquisition Note payable by Vintage Stock. Spriggs Promissory Note On July 10, 2020, the Company executed a promissory note (the “Spriggs Promissory Note”) in favor of Spriggs Investments LLC (“Spriggs Investments”), a limited liability company whose sole member is Rodney Spriggs, the President and Chief Executive Officer of Vintage Stock, Inc., a wholly-owned subsidiary of the Company, that memorializes a loan by Spriggs Investments to the Company in the initial principal amount of $2,000 (the “Spriggs Loan”). The Spriggs Loan matures on July 10, 2022 and bears simple interest at a rate of 10.0% per annum. Interest is payable in arrears on the last day of each month, commencing July 31, 2020. the Company may prepay the Spriggs Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid, together with accrued interest thereon to the date of prepayment; provided, however, that, if the Company prepays the Spriggs Loan in whole or in part on or prior to December 10, 2020, then the Company would also be obligated to pay a prepayment penalty to Spriggs Investments in an amount equal to $100, less the amount of any interest paid or to be paid by the Company up to the date of prepayment. the Company used the proceeds from the Spriggs Loan to finance the acquisition of Precision. The Spriggs Promissory Note contains events of default and other provisions customary for a loan of this type. The Spriggs Loan was guaranteed by Jon Isaac, Live Ventures’ President and Chief Executive Officer, and by ICG. .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 1 1 : Commitments and Contingencies Litigation SEC Investigation On February 21, 2018, the Company received a subpoena from the Securities and Exchange Commission (“SEC”) and a letter from the SEC stating that it is conducting an investigation. The subpoena requested documents and information concerning, among other things, the restatement of the Company’s financial statements for the quarterly periods ended December 31, 2016, March 31, 2017, and June 30, 2017, the acquisition of Marquis Industries, Inc., Vintage Stock, Inc., and ApplianceSmart, Inc., and the change in auditors. On August 12, 2020, three of the Company’s corporate executive officers (together, the “Executives”) each received a “Wells Notice” from the Staff of the SEC relating to the Company’s SEC investigation. On October 7, 2020, the Company received a “Wells Notice” from the Staff of the SEC relating to the Company’s previously-disclosed SEC investigation. The Wells Notices relate to, among other things, the Company’s reporting of its financial performance for its fiscal year ended September 30, 2016, certain disclosures related to executive compensation, and its previous acquisition of ApplianceSmart. A Wells Notice is neither a formal charge of wrongdoing nor a final determination that the recipient has violated any law. The Wells Notices informed the Company and the Executives that the SEC Staff has made a preliminary determination to recommend that the SEC file an enforcement action against the Company and each of the Executives that would allege certain violations of the federal securities laws. The Company and the Executives maintain that their actions were appropriate, and the Company and the Executives have engaged Orrick Herrington & Sutcliffe LLP, among others, to defend themselves, and intend to vigorously defend against any and all allegations brought forth. On October 1, 2018, the Company received a letter from the SEC requesting information regarding a potential violation of Section 13(a) of the Securities Exchange Act of 1934, based upon the timing of the Company’s Form 8-K filed on February 14, 2018. The Company provided a response to the SEC on October 26, 2018. The Company is cooperating with the SEC in its inquiry. ApplianceSmart Bankruptcy and Other ApplianceSmart Litigation Matters On August 4, 2020, Valassis Communications, Inc. and Valassis Digital Corp. (collectively, “Valassis”) filed suit against ApplianceSmart Holdings LLC in the State of Michigan, Third Judicial Circuit, Wayne County, alleging, among other things, breach of contract and account stated and seeking damages of approximately $700. This matter has since been removed to United States District Court, Eastern District of Michigan, Southern Division. The Company believes that ApplianceSmart, Inc., not ApplianceSmart Holdings LLC is the responsible party. On December 9, 2019, ApplianceSmart filed a Chapter 11 Case in the Bankruptcy Court seeking relief under Chapter 11 of the Bankruptcy Code. The bankruptcy affects Live Ventures’ indirect subsidiary ApplianceSmart only and does not affect any other subsidiary of Live Ventures, including, but not limited to ASH, or Live Ventures itself. On December 12, 2019, Crossroads Center LLC served a lawsuit against ApplianceSmart in the District Court for the State of Minnesota, County of Olmsted, alleging, among other things, breach of contract and seeking damages in excess of $64. This matter has been stayed as a result of the Chapter 11 Case. On December 9, 2019, ApplianceSmart filed a voluntary petition (the “Chapter 11 Case”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) seeking relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”). The bankruptcy affects Live Ventures’ indirect subsidiary ApplianceSmart only and does not affect any other subsidiary of Live Ventures, or Live Ventures itself. ApplianceSmart expects to continue to operate its business in the ordinary course of business as debtor-in-possession under the jurisdiction of the Bankruptcy Court and in accordance with applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court. In addition, the Company reserves its right to file a motion seeking authority to use cash collateral of the lenders under ApplianceSmart’s reserve-based revolving credit facility. The case is being administrated under the caption In re: ApplianceSmart, Inc ApplianceSmart’s balance sheet as of December 31, 2020 is below. The debtor in possession assets and liabilities are primarily related to assets and liabilities incurred pre-petition and are subject to compromise. December 31, 2020 (Unaudited) Assets Cash $ 42 Inventories, net 284 Total debtor in possession assets 326 Right of use asset - operating leases 691 Total assets $ 1,017 Liabilities and Stockholders' Equity Liabilities: Accounts payable $ 5,935 Accrued liabilities 3,128 Notes payable related parties, including current portion 2,826 Total debtor in possession liabilities 11,889 Accounts payable 42 Accrued liabilities 818 Lease obligation long term - operating leases 699 Crossroads Financial Revolver Loan 828 Taxes payable 886 Other non-current obligations Total liabilities 15,162 Stockholders' equity: Intercompany 1,350 Accumulated deficit (15,495 ) Total stockholders' equity (14,145 ) Total liabilities and stockholders' equity $ 1,017 ApplianceSmart’s statement of operations for the period of October 1, 2020 through December 31, 2020 is below: Three Months Ended December 31, 2020 Revenues $ 296 Cost of revenues 165 Gross profit 131 Operating expenses: General and administrative expenses 208 Total operating expenses 208 Operating income (77 ) Other (expense) income: Interest expense, net (46 ) Accounts payable settlement 44 Other income (expense) 279 Total other (expense) income, net 277 Income before provision for income taxes 200 On November 22, 2019, Haier US Appliance Solutions, Inc. d/b/a GE Appliances filed suit against ApplianceSmart in the District Court for the State of Minnesota, County of Hennepin (the “Hennepin Court”) alleging, among other things, breach of contract and seeking damages in excess of $250. This matter has been stayed as a result of the Chapter 11 Case. On November 1, 2019, OIRE Minnesota, L.L.C. filed suit against ApplianceSmart in the Hennepin Court alleging, among other things, breach of contract and seeking damages in excess of $60. This matter was subsequently settled for an aggregate of $20 on February 18, 2020 in exchange for full mutual releases. On October 16, 2019, VanMile, LLC filed a lawsuit against ApplianceSmart in the Magistrate Court of Gwinnett County, State of Georgia alleging unpaid invoices and seeking damages therefor. Plaintiff is seeking damages of $15. This matter has been stayed as a result of the Chapter 11 Case. On September 12, 2019, Fisher & Paykel Appliances, Inc. initiated an arbitration against ApplianceSmart in San Diego alleging breach of contract and seeking damages in excess of $100. This matter has been stayed as a result of the Chapter 11 Case. On July 22, 2019, Trustee Main/270, LLC (the “Reynoldsburg Landlord”) filed a lawsuit against ApplianceSmart and JanOne Inc. (formerly known as Appliance Recycling Centers of America, Inc.) (“JanOne”) in the Franklin County Common Pleas Court in Columbus, Ohio, alleging, with respect to ApplianceSmart, default under a lease agreement and, with respect to JanOne, guaranty of lease. The complaint sought damages of $1,530 attorney fees, and other charges. On or about September 27, 2019 On August 29, 2019, Martin Drive, LLC filed suit against ApplianceSmart in the Hennepin Court, alleging, among other things, breach of contract and failure to pay rent under the terms of a lease agreement. The plaintiff was awarded a default judgment in the aggregate amount of $265. This matter has been stayed as a result of the Chapter 11 Case. On August 27, 2019, CH Robinson Worldwide, Inc. served a lawsuit against ApplianceSmart in the District Court for the State of Minnesota, County of Carver, alleging, among other things, breach of contract and seeking damages in excess of $140. This matter has been stayed as a result of the Chapter 11 Case. On August 15, 2019, 280 Business Center, LLC filed suit against ApplianceSmart in the District Court for the State of Minnesota, County of Ramsey for eviction from the premises. This matter was settled in September 2019 for $130. On June 19, 2019, Graceland Retail 2017 LLC filed suit against ApplianceSmart in the Court of Common Pleas in Franklin County, Ohio, alleging, among other things, breach of contract and failure to pay rent under the terms of a lease agreement. The plaintiff was seeking damages of approximately $940. This matter has been stayed as a result of the Chapter 11 Case. Generally We are involved in various claims and lawsuits arising in the normal course of business. The ultimate results of claims and litigation cannot be predicted with certainty. We currently believe that the ultimate outcome of such lawsuits and proceedings will not, individually or in the aggregate, have a material adverse effect on our consolidated financial position, results of operations or cash flows. Operating Leases and Service Contracts The Company leases its office, retail and warehouse space under long-term operating leases expiring through fiscal year 2040. During fiscal 2019, as a result of our decision to close certain ApplianceSmart retail locations, we recorded a liability for the estimated remaining lease payments and early termination charges, as applicable, of $724. As of December 31,2020, this amount has been reduced to $405. Warranties During 2019, the Company became the principal for certain extended warranties, as a result, warranty reserves are included in accrued liabilities in our consolidated balance sheet. The following table summarizes the warranty reserve activity for the three months ended December 31, 2020: Beginning balance, September 30, 2020 $ 206 Warranties issued/accrued — Warranty settlements (31 ) Ending balance, December 31, 2020 $ 175

Segment Reporting

Segment Reporting	3 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segment Reporting	Note 1 2 : Segment Reporting The Company operates in three segments which are characterized as: (1) Retail, (2) Flooring Manufacturing, and (3) Steel Manufacturing. The Retail segment consists of Vintage Stock and ApplianceSmart, the Flooring Manufacturing Segment consists of Marquis and the Steel Manufacturing Segment consists of Precision Marshall. The following tables summarize segment information for the three months ended December 31, 2020 and 2019: Three Months Ended December 31, 2020 2019 Revenues Retail $ 22,370 $ 21,488 Flooring Manufacturing 30,222 20,367 Steel Manufacturing 9,735 — Corporate & other 127 146 $ 62,454 $ 42,001 Gross profit Retail $ 12,047 $ 11,120 Flooring Manufacturing 8,325 5,368 Steel Manufacturing 1,776 — Corporate & other 121 138 $ 22,269 $ 16,626 Operating income (loss) Retail $ 4,493 $ 1,859 Flooring Manufacturing 4,150 2,403 Steel Manufacturing 144 — Corporate & other (1,496 ) (775 ) $ 7,291 $ 3,487 Depreciation and amortization Retail $ 347 $ 470 Flooring Manufacturing 965 605 Steel Manufacturing 393 — Corporate & other 9 10 $ 1,714 $ 1,085 Interest expenses Retail $ 660 $ 949 Flooring Manufacturing 410 390 Steel Manufacturing 268 — Corporate & other 132 18 $ 1,470 $ 1,357 Net income (loss) before provision for income taxes Retail $ 4,173 $ 236 Flooring Manufacturing 3,722 1,880 Steel Manufacturing (164 ) — Corporate & other (1,002 ) (1,374 ) $ 6,729 $ 742 . .

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	N ote 1 3 : Subsequent Events The Company evaluated subsequent events through the date of this Quarterly Report noting only the following: Comvest Loan During January 2021, the Company paid the Comvest loan in full and terminated the loan agreement. Precision PPP Loan During February 2021, Precision received notice that its $1,382 payroll protection program loan has been forgiven and no amounts are owed. Series Be Preferred Warrants All of the Series B Preferred Warrants were exercised by cashless exercise during January 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements represent the consolidated financial position, results of operations and cash flows for Live Ventures and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Additionally, the Company records noncontrolling interest for entities which the Company has determined itself to be the primarily beneficiary of the variable interest entity but does not have 100% ownership.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made in connection with the accompanying consolidated financial statements include the estimate of dilution and fees associated with billings, the estimated reserve for doubtful current and long-term trade and other receivables, the estimated reserve for excess and obsolete inventory, estimated warranty reserve, estimated fair value and forfeiture rates for stock-based compensation, fair values in connection with the analysis of goodwill, other intangibles and long-lived assets for impairment, current portion of notes payable, valuation allowance against deferred tax assets, lease terminations, and estimated useful lives for intangible assets and property and equipment .
Reclassifications	Reclassifications Certain amounts in the prior year have been reclassifies to confirm to the current year presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) In December 2019, the FASB issued ASU No. 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 is part of the FASB’s overall simplification initiative and seeks to simplify the accounting for income taxes by updating certain guidance and removing certain exceptions. The updated guidance is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of adopting this new accounting standard on its consolidated financial statements and related disclosures . In March 2020, the FASB issued ASU No. 2020-04 - Reference Rate Reform (Topic 848), codified as ASC 848 (“ASC 848”). The purpose of ASC 848 is to provide optional guidance to ease the potential effects on financial reporting of the market-wide migration away from Interbank Offered Rates to alternative reference rates. ASC 848 applies only to contracts, hedging relationships, and other transactions that reference a reference rate expected to be discontinued because of reference rate reform. The guidance may be applied upon issuance of ASC 848 through December 31, 2022. The Company is currently assessing the impact of adopting this new accounting standard on its consolidated financial statements and related disclosures .

Leases (Tables)

Leases (Tables)	3 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of Right of Use Assets and Lease Liabilities	The following table details our right of use assets and lease liabilities as of December 31, 2020 and September 30, 2020: December 31, 2020 September 30, 2020 Right of use asset - operating leases $ 28,971 $ 30,894 Operating lease liabilities: Current 6,958 7,176 Long term 26,503 28,101
Schedule of Present Value of Future Lease Payments	Total present value of future lease payments as of December 31, 2020: Twelve months ended December 31, 2021 $ 8,731 2022 6,871 2023 4,879 2024 3,953 2025 2,946 Thereafter 13,660 Total 41,040 Less implied interest (7,579 ) Present value of payments $ 33,461

Balance Sheet Detail Informat_2

Balance Sheet Detail Information (Tables)	3 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Balance Sheet Detail Information	December 31, 2020 September 30, 2020 Trade receivables, current, net: Accounts receivable, current $ 17,626 $ 20,197 Less: Reserve for doubtful accounts (62 ) (76 ) $ 17,564 $ 20,121 Trade receivables , long term, net: Accounts receivable, long term $ — $ 196 Less: Reserve for doubtful accounts — (196 ) $ — $ — Total trade receivables, net: Gross trade receivables $ 17,626 $ 20,393 Less: Reserve for doubtful accounts (62 ) (272 ) $ 17,564 $ 20,121 Inventory, net Raw materials $ 12,930 $ 13,175 Work in progress 11,031 11,747 Finished goods 26,474 25,009 Merchandise 16,891 17,729 67,326 67,660 Less: Inventory reserves (2,587 ) (3,135 ) $ 64,739 $ 64,525 Property and equipment, net: Building and improvements $ 11,405 $ 9,908 Transportation equipment 122 480 Machinery and equipment 29,719 27,217 Furnishings, fixtures, office equipment and other 6,749 6,353 47,994 43,958 Less: Accumulated depreciation (16,868 ) (13,582 ) $ 31,127 $ 30,376 Intangible assets, net: Domain name and marketing related intangibles $ 90 $ 90 Customer relationship intangibles 2,689 2,689 Purchased software 121 121 2,900 2,900 Less: Accumulated amortization (1,944 ) (1,837 ) $ 956 $ 1,063 Accrued liabilities: Accrued payroll $ 2,691 $ 4,178 Accrued sales and use taxes 1,574 1,251 Accrued property and other tax 208 270 Accrued gift card and escheatment liability 1,683 1,534 Accrued interest payable 393 280 Accrued bank fees and overdrafts 514 2,631 Accrued professional fees 5,102 3,378 Customer deposits 35 169 Accrued expenses - other 695 1,131 $ 12,896 $ 14,822

Long Term Debt (Tables)

Long Term Debt (Tables)	3 Months Ended
	Dec. 31, 2020
Schedule of Long-term Debt	Long-term debt as of December 31, 2020 and September 30, 2020 consisted of the following: December 31, 2020 September 30, 2020 Bank of America Revolver Loan $ — $ — Encina Business Credit Revolver Loan 13,233 14,886 Texas Capital Bank Revolver Loan 5,534 7,115 Crossroads Financial Revolver Loan 828 883 Encina Business Credit Term Loan 1,576 1,663 Note Payable Comvest Term Loan 1,882 5,554 Note Payable to the Sellers of Vintage Stock 10,000 10,000 Note #1 Payable to Banc of America Leasing & Capital LLC 1,017 1,229 Note #3 Payable to Banc of America Leasing & Capital LLC 1,729 1,862 Note #4 Payable to Banc of America Leasing & Capital LLC 531 572 Note #5 Payable to Banc of America Leasing & Capital LLC 2,402 2,538 Note #6 Payable to Banc of America Leasing & Capital LLC 723 758 Note #7 Payable to Banc of America Leasing & Capital LLC 4,543 4,681 Note #8 Payable to Banc of America Leasing & Capital LLC 3,264 3,091 Note Payable to Extruded Fibers 1,600 2,900 Note Payable to JCM Holdings 1,959 — Note Payable to the Sellers of Precision Marshall 2,500 2,500 Note Payable to Store Capital Acquisitions, LLC 9,235 9,243 Payroll Protection Program 6,150 6,151 JanOne Inc — — Isaac Capital Fund 2,000 2,000 Spriggs Investments, LLC 2,000 2,000 Seller of Lonesome Oak 1,254 1,297 Note payable to individual, interest at 10-11% per annum, payable on a 90 day written notice, unsecured 707 707 Note payable to individuals, interest at 17% per annum, unsecured 130 — Note payable to individual, noninterest bearing, monthly payments of $19 through March 2023, unsecured 726 810 Total debt 75,524 82,440 Less unamortized debt issuance costs (1,497 ) (1,767 ) Net debt 74,027 80,673 Less current portion (12,066 ) (13,283 ) Long-term portion $ 61,961 $ 67,390
Schedule of Future Maturities of Long-term Debt	Future maturities of long-term debt at December 31, 2020, are as follows which does not include related party debt separately stated: Twelve months ending December 31, 2021 $ 12,066 2022 12,523 2023 33,544 2024 2,256 2025 3,353 Thereafter 11,782 Total $ 75,524
Bank of America Revolver Loan
Summary of Bank Revolver	The following tables summarize the BofA Revolver for the three months ended December 31, 2020 and 2019 and as of December 31, 2020 and September 30, 2020: During the three months ended December 31, 2020 2019 Cumulative borrowing during the period $ 33,126 $ 24,344 Cumulative repayment during the period 35,790 23,817 Maximum borrowed during the period 11,347 2,083 Weighted average interest for the period 0.00 % 3.66 % December 31, 2020 September 30, 2020 Total availability $ 24,924 $ 21,732 Total outstanding — —
Encina Revolver Loans
Summary of Bank Revolver	The following tables summarize the Encina Revolver Loans for the for the three months ended December 31, 2020 and 2019 and as of December 31, 2020 and September 30, 2020: During the three months ended December 31, 2020 2019 Cumulative borrowing during the period $ 8,431 $ — Cumulative repayment during the period 10,084 — Maximum borrowed during the period 1,000 — Weighted average interest for the period 6.50 % 0.00 % December 31, 2020 September 30, 2020 Total availability $ 588 $ 421 Total outstanding 13,233 14,886
Texas Capital Bank Revolver Loan
Summary of Bank Revolver	The following tables summarize the TCB Revolver for the three months ended December 31, 2020 and 2019 and as of December 31, 2020 and September 30, 2020: During the three months ended December 31, 2020 2019 Cumulative borrowing during the period $ 20,700 $ 18,626 Cumulative repayment during the period 22,281 19,709 Maximum borrowed during the period 8,930 11,798 Weighted average interest for the period 2.40 % 4.13 % December 31, 2020 September 30, 2020 Total availability $ 6,466 $ 5,520 Total outstanding 5,534 7,115

Warrants (Tables)

Warrants (Tables)	3 Months Ended
	Dec. 31, 2020
Warrants And Rights Note Disclosure [Abstract]
Summary of Warrant Activity	The following table summarizes information about the Company’s warrants at December 31, 2020 and September 30, 2020, respectively: Number of units - Series B Convertible preferred warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Intrinsic Value Outstanding and Exercisable at September 30, 2020 118,029 $ 20.80 1.35 $ — Outstanding and Exercisable at December 31, 2020 118,029 $ 20.80 1.10 $ —
Summary of Information Assuming Warrants are Exercised and Exchanged for Common Shares	The warrants may be exchanged for shares of common stock at a ratio of one share of Series B Preferred Stock into five common shares. The following table provides information assuming the warrants are exercised and exchanged for common shares: Number of units - Series B Convertible preferred warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Intrinsic Value Outstanding and Exercisable at September 30, 2020 590,147 $ 4.16 1.35 $ 2,820 Outstanding and Exercisable at December 31, 2020 590,147 $ 4.16 1.10 $ 4,874
Summary of Warrants Outstanding and Exercisable	The exercise price for the Series B Convertible Preferred Stock warrants outstanding and exercisable at December 31, 2020 and September 30, 2020, are as follows: Series B Convertible Preferred Outstanding and Exercisable Number of Warrants Exercise Price 54,396 $ 16.60 17,857 16.80 12,383 24.30 33,393 28.50 118,029

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Dec. 31, 2020
Share Based Compensation [Abstract]
Summary of Stock Option Activity	The following table summarizes stock option activity for the twelve months ended September 30, 2020 and the three months ended December 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Intrinsic Value Outstanding at September 30, 2019 200,418 $ 16.37 2.40 $ 27 Forfeited (81,250 ) Outstanding at September 30, 2020 119,168 $ 19.07 2.71 $ — Exercisable at September 30, 2020 95,001 $ 15.50 1.55 $ — Outstanding at December 31, 2020 119,168 $ 19.07 2.45 $ 87 Exercisable at December 31, 2020 103,168 $ 15.94 1.60 $ 87
Summary of Exercise Price for Stock Options Outstanding and Exercisable	The exercise price for stock options outstanding and exercisable outstanding at December 31, 2020 is as follows: Outstanding Exercisable Number of Options Exercise Price ($) Number of Options Exercise Price ($) 25,000 10.00 25,000 10.00 16,668 10.86 16,668 10.86 6,250 12.50 6,250 12.50 6,250 15.00 6,250 15.00 25,000 15.18 25,000 15.18 8,000 23.41 8,000 23.41 8,000 27.60 8,000 27.60 8,000 31.74 8,000 31.74 8,000 36.50 — — 8,000 41.98 — — 119,168 103,168
Summary of Non-Vested Shares	The following table summarizes information about the Company’s non-vested shares outstanding as of December 31, 2020 and September 30, 2020: Non-vested Shares Number of Shares Average Grant-Date Fair Value Non-vested at September 30, 2020 24,167 $ 33.10 Vested (8,167 ) $ 14.15 Non-vested at December 31, 2020 16,000 $ 39.24

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Earnings Per Share	The following table presents the computation of basic and diluted net earnings per share: Three Months Ended December 31, 2020 2019 Basic Net income $ 5,413 $ 547 — — Net income applicable to common stock $ 5,413 $ 547 Weighted average common shares outstanding 1,568,213 1,806,746 Basic income per share $ 3.45 $ 0.30 Diluted Net income applicable to common stock $ 5,413 $ 547 Add: preferred stock dividends — — Net income applicable for diluted earnings per share $ 5,413 $ 547 Weighted average common shares outstanding 1,568,213 1,806,746 Add: Options 41,668 25,000 Add: Series B Preferred Stock 1,071,220 1,071,220 Add: Series B Preferred Stock Warrants 590,147 590,147 Add: Series E Preferred Stock 47,480 47,840 Assumed weighted average common shares outstanding 3,318,728 3,540,953 Diluted income per share $ 1.63 $ 0.15

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Dec. 31, 2020
Schedule of Balance Sheet Detail Information	December 31, 2020 September 30, 2020 Trade receivables, current, net: Accounts receivable, current $ 17,626 $ 20,197 Less: Reserve for doubtful accounts (62 ) (76 ) $ 17,564 $ 20,121 Trade receivables , long term, net: Accounts receivable, long term $ — $ 196 Less: Reserve for doubtful accounts — (196 ) $ — $ — Total trade receivables, net: Gross trade receivables $ 17,626 $ 20,393 Less: Reserve for doubtful accounts (62 ) (272 ) $ 17,564 $ 20,121 Inventory, net Raw materials $ 12,930 $ 13,175 Work in progress 11,031 11,747 Finished goods 26,474 25,009 Merchandise 16,891 17,729 67,326 67,660 Less: Inventory reserves (2,587 ) (3,135 ) $ 64,739 $ 64,525 Property and equipment, net: Building and improvements $ 11,405 $ 9,908 Transportation equipment 122 480 Machinery and equipment 29,719 27,217 Furnishings, fixtures, office equipment and other 6,749 6,353 47,994 43,958 Less: Accumulated depreciation (16,868 ) (13,582 ) $ 31,127 $ 30,376 Intangible assets, net: Domain name and marketing related intangibles $ 90 $ 90 Customer relationship intangibles 2,689 2,689 Purchased software 121 121 2,900 2,900 Less: Accumulated amortization (1,944 ) (1,837 ) $ 956 $ 1,063 Accrued liabilities: Accrued payroll $ 2,691 $ 4,178 Accrued sales and use taxes 1,574 1,251 Accrued property and other tax 208 270 Accrued gift card and escheatment liability 1,683 1,534 Accrued interest payable 393 280 Accrued bank fees and overdrafts 514 2,631 Accrued professional fees 5,102 3,378 Customer deposits 35 169 Accrued expenses - other 695 1,131 $ 12,896 $ 14,822
Summary of Warranty Reserve Activity	The following table summarizes the warranty reserve activity for the three months ended December 31, 2020: Beginning balance, September 30, 2020 $ 206 Warranties issued/accrued — Warranty settlements (31 ) Ending balance, December 31, 2020 $ 175
ApplianceSmart Inc
Schedule of Balance Sheet Detail Information	ApplianceSmart’s balance sheet as of December 31, 2020 is below. The debtor in possession assets and liabilities are primarily related to assets and liabilities incurred pre-petition and are subject to compromise. December 31, 2020 (Unaudited) Assets Cash $ 42 Inventories, net 284 Total debtor in possession assets 326 Right of use asset - operating leases 691 Total assets $ 1,017 Liabilities and Stockholders' Equity Liabilities: Accounts payable $ 5,935 Accrued liabilities 3,128 Notes payable related parties, including current portion 2,826 Total debtor in possession liabilities 11,889 Accounts payable 42 Accrued liabilities 818 Lease obligation long term - operating leases 699 Crossroads Financial Revolver Loan 828 Taxes payable 886 Other non-current obligations Total liabilities 15,162 Stockholders' equity: Intercompany 1,350 Accumulated deficit (15,495 ) Total stockholders' equity (14,145 ) Total liabilities and stockholders' equity $ 1,017
Summary of Statement of Operations	ApplianceSmart’s statement of operations for the period of October 1, 2020 through December 31, 2020 is below: Three Months Ended December 31, 2020 Revenues $ 296 Cost of revenues 165 Gross profit 131 Operating expenses: General and administrative expenses 208 Total operating expenses 208 Operating income (77 ) Other (expense) income: Interest expense, net (46 ) Accounts payable settlement 44 Other income (expense) 279 Total other (expense) income, net 277 Income before provision for income taxes 200

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Summary of Segment Information	The following tables summarize segment information for the three months ended December 31, 2020 and 2019: Three Months Ended December 31, 2020 2019 Revenues Retail $ 22,370 $ 21,488 Flooring Manufacturing 30,222 20,367 Steel Manufacturing 9,735 — Corporate & other 127 146 $ 62,454 $ 42,001 Gross profit Retail $ 12,047 $ 11,120 Flooring Manufacturing 8,325 5,368 Steel Manufacturing 1,776 — Corporate & other 121 138 $ 22,269 $ 16,626 Operating income (loss) Retail $ 4,493 $ 1,859 Flooring Manufacturing 4,150 2,403 Steel Manufacturing 144 — Corporate & other (1,496 ) (775 ) $ 7,291 $ 3,487 Depreciation and amortization Retail $ 347 $ 470 Flooring Manufacturing 965 605 Steel Manufacturing 393 — Corporate & other 9 10 $ 1,714 $ 1,085 Interest expenses Retail $ 660 $ 949 Flooring Manufacturing 410 390 Steel Manufacturing 268 — Corporate & other 132 18 $ 1,470 $ 1,357 Net income (loss) before provision for income taxes Retail $ 4,173 $ 236 Flooring Manufacturing 3,722 1,880 Steel Manufacturing (164 ) — Corporate & other (1,002 ) (1,374 ) $ 6,729 $ 742

Background and Basis of Prese_2

Background and Basis of Presentation - Additional Information (Details)	3 Months Ended
	Dec. 31, 2020Segment
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of operating segments	3

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Variable interest entity, similar entity aggregation, description	Company records noncontrolling interest for entities which the Company has determined itself to be the primarily beneficiary of the variable interest entity but does not have 100% ownership.

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating Leased Assets [Line Items]
Weighted average remaining lease term	9 years 2 months 12 days
Weighted average discount rate	6.90%
Total cash payments	$ 2,178,000
ApplianceSmart Inc
Operating Leased Assets [Line Items]
Impairment charges	$ 0	$ 1,207,000

Leases - Schedule of Right of U

Leases - Schedule of Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020
Leases [Abstract]
Right of use asset - operating leases	$ 28,971	$ 30,894
Current	6,958	7,176
Long term	$ 26,503	$ 28,101

Leases - Schedule of Present Va

Leases - Schedule of Present Value of Future Lease Payments (Details) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
2021	$ 8,731
2022	6,871
2023	4,879
2024	3,953
2025	2,946
Thereafter	13,660
Total	41,040
Less implied interest	(7,579)
Present value of payments	$ 33,461

Balance Sheet Detail Informat_3

Balance Sheet Detail Information - Schedule of Balance Sheet Detail Information (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020
Trade receivables, current, net:
Accounts receivable, current	$ 17,626	$ 20,197
Less: Reserve for doubtful accounts	(62)	(76)
Trade receivables, current, net	17,564	20,121
Trade receivables , long term, net:
Accounts receivable, long term		196
Less: Allowance for doubtful accounts		(196)
Trade receivables , long term, net	0	0
Total trade receivables, net:
Gross receivables	17,626	20,393
Less: Reserve for doubtful accounts	(62)	(272)
Total trade receivables, net	17,564	20,121
Inventory, net
Raw materials	12,930	13,175
Work in progress	11,031	11,747
Finished goods	26,474	25,009
Merchandise	16,891	17,729
Total inventory, gross	67,326	67,660
Less: Inventory reserves	(2,587)	(3,135)
Total inventory, net	64,739	64,525
Property and equipment, net:
Property and equipment, gross	47,994	43,958
Less: Accumulated depreciation	(16,868)	(13,582)
Property and equipment, net	31,127	30,376
Intangible assets, net:
Intangible assets, gross	2,900	2,900
Less: Accumulated amortization	(1,944)	(1,837)
Intangible assets, net	956	1,063
Accrued liabilities:
Accrued payroll	2,691	4,178
Accrued sales and use taxes	1,574	1,251
Accrued property and other tax	208	270
Accrued gift card and escheatment liability	1,683	1,534
Accrued interest payable	393	280
Accrued bank fees and overdrafts	514	2,631
Accrued professional fees	5,102	3,378
Customer deposits	35	169
Accrued expenses - other	695	1,131
Total accrued liabilities	12,896	14,822
Domain Name and Marketing
Intangible assets, net:
Intangible assets, gross	90	90
Customer Relationships
Intangible assets, net:
Intangible assets, gross	2,689	2,689
Purchased Software
Intangible assets, net:
Intangible assets, gross	121	121
Building and Improvements
Property and equipment, net:
Property and equipment, gross	11,405	9,908
Transportation Equipment
Property and equipment, net:
Property and equipment, gross	122	480
Machinery and Equipment
Property and equipment, net:
Property and equipment, gross	29,719	27,217
Furnishings, Fixtures, Office Equipment and Other
Property and equipment, net:
Property and equipment, gross	$ 6,749	$ 6,353

Long Term Debt - Schedule of Lo

Long Term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020
Debt Instrument [Line Items]
Total Debt	$ 75,524	$ 82,440
Less unamortized debt issuance costs	(1,497)	(1,767)
Net debt	74,027	80,673
Less current portion	(12,066)	(13,283)
Long-term portion	61,961	67,390
Note payable to individual
Debt Instrument [Line Items]
Total Debt	707	707
Note payable to individual 3
Debt Instrument [Line Items]
Total Debt	726	810
Note payable to individual 2
Debt Instrument [Line Items]
Total Debt	130
Comvest Term Loan
Debt Instrument [Line Items]
Total Debt	1,882	5,554
Note Payable to the Sellers of Vintage Stock
Debt Instrument [Line Items]
Total Debt	10,000	10,000
Note #1 to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total Debt	1,017	1,229
Note #3 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total Debt	1,729	1,862
Note #4 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total Debt	531	572
Note #5 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total Debt	2,402	2,538
Note #6 Payable to Bank of America Leasing & Capital
Debt Instrument [Line Items]
Total Debt	723	758
Note #7 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total Debt	4,543	4,681
Note #8 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total Debt	3,264	3,091
Note Payable to the Sellers of Precision Marshall
Debt Instrument [Line Items]
Total Debt	2,500	2,500
Note Payable to Store Capital Acquisitions
Debt Instrument [Line Items]
Total Debt	9,235	9,243
Note Payable to Extruded Fibers
Debt Instrument [Line Items]
Total Debt	1,600	2,900
Payroll Protection Program
Debt Instrument [Line Items]
Total Debt	6,150	6,151
Note Payable to JCM Holdings
Debt Instrument [Line Items]
Total Debt	1,959
Isaac Capital Fund
Debt Instrument [Line Items]
Total Debt	2,000	2,000
Spriggs Investments, LLC
Debt Instrument [Line Items]
Total Debt	2,000	2,000
Seller of Lonesome Oak
Debt Instrument [Line Items]
Total Debt	1,254	1,297
Encina Business Credit Revolver Loan
Debt Instrument [Line Items]
Total Debt	13,233	14,886
Texas Capital Bank Revolver Loan
Debt Instrument [Line Items]
Total Debt	5,534	7,115
Crossroads Financial Revolver Loan
Debt Instrument [Line Items]
Total Debt	828	883
Encina Business Credit Term Loan
Debt Instrument [Line Items]
Total Debt	$ 1,576	$ 1,663

Long Term Debt - Schedule of _2

Long Term Debt - Schedule of Long-term Debt (Parenthetical) (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2020USD ($)
Note payable to individual
Debt Instrument [Line Items]
Debt interest rate description	10-11% per annum
Collateral	unsecured
Note payable to individual 2
Debt Instrument [Line Items]
Debt interest rate description	17% per annum
Collateral	unsecured
Note payable to individual 3
Debt Instrument [Line Items]
Collateral	unsecured
Debt periodic payment	$ 19

Long Term Debt - Schedule of Fu

Long Term Debt - Schedule of Future Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020
Debt Instrument [Line Items]
Total	$ 75,524	$ 82,440
Notes Payable
Debt Instrument [Line Items]
2021	12,066
2022	12,523
2023	33,544
2024	2,256
2025	3,353
Thereafter	11,782
Total	$ 75,524

Long Term Debt - Bank of Americ

Long Term Debt - Bank of America Revolver Loan - Additional Information (Details) - Marquis - Bank of America Revolver Loan - USD ($)	3 Months Ended
	Dec. 31, 2020	Jul. 06, 2015
Debt Instrument [Line Items]
Credit line maximum		$ 25,000,000
Line of credit agreement date	Jul. 6, 2015

Long Term Debt - Summary of Ban

Long Term Debt - Summary of Bank Revolver (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2020
Bank of America Revolver Loan
Debt Instrument [Line Items]
Cumulative borrowing during the period	$ 33,126	$ 24,344
Cumulative repayment during the period	35,790	23,817
Maximum borrowed during the period	$ 11,347	$ 2,083
Weighted average interest for the period	0.00%	3.66%
Total availability	$ 24,924		$ 21,732
Encina Revolver Loans
Debt Instrument [Line Items]
Cumulative borrowing during the period	8,431
Cumulative repayment during the period	10,084
Maximum borrowed during the period	$ 1,000
Weighted average interest for the period	6.50%	0.00%
Total availability	$ 588		421
Total outstanding	13,233		$ 14,886
Texas Capital Bank Revolver Loan
Debt Instrument [Line Items]
Cumulative borrowing during the period	20,700	$ 18,626
Cumulative repayment during the period	22,281	19,709
Maximum borrowed during the period	$ 8,930	$ 11,798
Weighted average interest for the period	2.40%	4.13%
Total availability	$ 6,466	$ 5,520
Total outstanding	$ 5,534	$ 7,115

Long Term Debt - Loan With Enci

Long Term Debt - Loan With Encina Business Credit, LLC - Additional Information (Details) - Encina Loans - Encina Business Credit, LLC - Loan Agreement	Jul. 14, 2020USD ($)
Debt Instrument [Line Items]
Secured term loan threshold amount	$ 23,500,000
Line of credit facility beginning amount subject to eligible inventory sublimit	14,000,000
Line of credit facility declined amount subject to eligible inventory sublimit	$ 12,000,000
Accounts Receivable
Debt Instrument [Line Items]
Percentage of eligible accounts receivable	85.00%
Inventory
Debt Instrument [Line Items]
Percentage of eligible accounts receivable	85.00%

Long Term Debt - Texas Capital

Long Term Debt - Texas Capital Bank Revolver Loan - Additional Information (Details) - Texas Capital Bank Revolver Loan - USD ($)	3 Months Ended
	Dec. 31, 2020	Nov. 03, 2016
Debt Instrument [Line Items]
Credit line maximum		$ 12,000,000
Credit line expiration period	5 years
Debt periodic frequency	monthly
Credit line maturity date	Nov. 3, 2023

Long Term Debt - Crossroads Rev

Long Term Debt - Crossroads Revolver - Additional Information (Details) - Crossroads Financial Revolver Loan - USD ($)	Mar. 15, 2019	Dec. 31, 2020	Mar. 03, 2020
Debt Instrument [Line Items]
Credit line maximum	$ 4,000,000
Debt instrument, percentage of maximum inventory cost	75.00%
Debt instrument, percentage of maximum net orderly liquidation value	85.00%
Credit line maturity date	Mar. 15, 2021
ApplianceSmart Inc
Debt Instrument [Line Items]
Cash collateral for guaranty			$ 1,200,000
Cash collateral for guaranty maturity		2021-08

Long Term Debt - Note Payable t

Long Term Debt - Note Payable to JCM Holdings - Additional Information (Details) - Marquis - Note Payable to JCM Holdings $ in Thousands	1 Months Ended
	Oct. 31, 2020USD ($)
Debt Instrument [Line Items]
Business combination, transaction value	$ 2,500
Loan Agreement
Debt Instrument [Line Items]
Debt face amount	$ 2,000
Debt stated interest rate	6.00%
Debt maturity date	Jan. 31, 2030

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2020
Class Of Stock [Line Items]
Repurchase of common stock	33,926	41,699
Payment for repurchase of common stock	$ 383	$ 343
Series E Convertible Preferred Stock
Class Of Stock [Line Items]
Preferred stock, outstanding	47,840	47,840	47,840
Repurchased shares of preferred stock		30,000
Aggregate purchase price of convertible preferred stock		$ 3

Warrants - Additional Informati

Warrants - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Class Of Warrant Or Right [Line Items]
Fair value adjustment of warrants	$ 0	$ 266,000
Series B Convertible Preferred Stock Warrants
Class Of Warrant Or Right [Line Items]
Warrants additional extended expiration period	2 years
Fair value adjustment of warrants	$ 0	$ 266,000
Number of common shares into which each warrant may be exchanged	5

Warrants - Summary of Warrant A

Warrants - Summary of Warrant Activity (Details) - Series B Convertible Preferred Stock Warrants - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020
Number of units
Outstanding and Exercisable	118,029	118,029
Weighted Average Exercise Price
Outstanding and Exercisable	$ 20.80	$ 20.80
Weighted Average Remaining Contractual Term (in years)
Outstanding and Exercisable	1 year 1 month 6 days	1 year 4 months 6 days

Warrants - Summary of Informati

Warrants - Summary of Information Assuming Warrants are Exercised and Exchanged for Common Shares (Details) - Series B Convertible Preferred Stock Warrants - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020
Class Of Warrant Or Right [Line Items]
Outstanding and Exercisable, Number of Common Shares to be Issued	590,147	590,147
Outstanding and Exercisable, Weighted Average Exercise Price Per Common Share	$ 4.16	$ 4.16
Outstanding and Exercisable, Weighted Average Remaining Contractual Term (in years)	1 year 1 month 6 days	1 year 4 months 6 days
Outstanding and Exercisable, Intrinsic Value	$ 4,874	$ 2,820

Warrants - Summary of Warrants

Warrants - Summary of Warrants Outstanding and Exercisable (Details) - $ / shares	Dec. 31, 2020	Sep. 30, 2020
Series B Convertible Preferred Warrants Exercise Price $16.60
Class Of Warrant Or Right [Line Items]
Number of warrants outstanding and exercisable	54,396	54,396
Warrants exercise price, outstanding and exercisable	$ 16.60	$ 16.60
Series B Convertible Preferred Warrants Exercise Price $16.80
Class Of Warrant Or Right [Line Items]
Number of warrants outstanding and exercisable	17,857	17,857
Warrants exercise price, outstanding and exercisable	$ 16.80	$ 16.80
Series B Convertible Preferred Warrants Exercise Price $24.30
Class Of Warrant Or Right [Line Items]
Number of warrants outstanding and exercisable	12,383	12,383
Warrants exercise price, outstanding and exercisable	$ 24.30	$ 24.30
Series B Convertible Preferred Warrants Exercise Price $28.50
Class Of Warrant Or Right [Line Items]
Number of warrants outstanding and exercisable	33,393	33,393
Warrants exercise price, outstanding and exercisable	$ 28.50	$ 28.50
Series B Convertible Preferred Stock Warrants
Class Of Warrant Or Right [Line Items]
Number of warrants outstanding and exercisable	118,029	118,029
Warrants exercise price, outstanding and exercisable	$ 20.80	$ 20.80

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 17	$ 29
Unrecognized compensation expense	$ 43
2014 Omnibus Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance	300,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Sep. 30, 2019
Number of Shares
Outstanding, beginning balance	119,168	200,418
Forfeited		(81,250)
Outstanding, ending balance	119,168	119,168	200,418
Exercisable	103,168	95,001
Weighted Average Exercise Price
Outstanding, beginning balance	$ 19.07	$ 16.37
Outstanding, ending balance	19.07	19.07	$ 16.37
Exercisable	$ 15.94	$ 15.50
Weighed Average Remaining Contractual Life
Outstanding, ending balance	2 years 5 months 12 days	2 years 8 months 15 days	2 years 4 months 24 days
Exercisable	1 year 7 months 6 days	1 year 6 months 18 days
Intrinsic value outstanding balance	$ 87	$ 0	$ 27
Exercisable	$ 87	$ 0

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Exercise Price for Stock Options Outstanding and Exercisable (Details) - $ / shares	Dec. 31, 2020	Sep. 30, 2020	Sep. 30, 2019
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	119,168	119,168	200,418
Option exercise price outstanding	$ 19.07	$ 19.07	$ 16.37
Number of options exercisable	103,168	95,001
Option exercise price exercisable	$ 15.94	$ 15.50
$10.00
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	25,000
Option exercise price outstanding	$ 10
Number of options exercisable	25,000
Option exercise price exercisable	$ 10
$10.86
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	16,668
Option exercise price outstanding	$ 10.86
Number of options exercisable	16,668
Option exercise price exercisable	$ 10.86
$12.50
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	6,250
Option exercise price outstanding	$ 12.50
Number of options exercisable	6,250
Option exercise price exercisable	$ 12.50
$15.00
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	6,250
Option exercise price outstanding	$ 15
Number of options exercisable	6,250
Option exercise price exercisable	$ 15
$15.18
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	25,000
Option exercise price outstanding	$ 15.18
Number of options exercisable	25,000
Option exercise price exercisable	$ 15.18
$23.41
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	8,000
Option exercise price outstanding	$ 23.41
Number of options exercisable	8,000
Option exercise price exercisable	$ 23.41
$27.60
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	8,000
Option exercise price outstanding	$ 27.60
Number of options exercisable	8,000
Option exercise price exercisable	$ 27.60
$31.74
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	8,000
Option exercise price outstanding	$ 31.74
Number of options exercisable	8,000
Option exercise price exercisable	$ 31.74
$36.50
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	8,000
Option exercise price outstanding	$ 36.50
$41.98
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	8,000
Option exercise price outstanding	$ 41.98

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Non-Vested Shares (Details)	3 Months Ended
	Dec. 31, 2020$ / sharesshares
Number of Shares
Outstanding, beginning balance | shares	24,167
Vested | shares	(8,167)
Outstanding, ending balance | shares	16,000
Weighted-Average Grant-Date Fair Value
Beginning of period | $ / shares	$ 33.10
Vested | $ / shares	14.15
Ending of period | $ / shares	$ 39.24

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Net Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Basic
Net income	$ 5,413	$ 547
Net income applicable to common stock	$ 5,413	$ 547
Weighted average common shares outstanding	1,568,213	1,806,746
Basic income per share	$ 3.45	$ 0.30
Diluted
Net income applicable to common stock	$ 5,413	$ 547
Net income applicable for diluted earnings per share	$ 5,413	$ 547
Weighted average common shares outstanding	1,568,213	1,806,746
Add: Options	41,668	25,000
Assumed weighted average common shares outstanding	3,318,728	3,540,953
Diluted income per share	$ 1.63	$ 0.15
Series B Preferred Stock
Diluted
Add: Preferred Stock	1,071,220	1,071,220
Series B Preferred Stock Warrants
Diluted
Add: Preferred Stock	590,147	590,147
Series E Preferred Stock
Diluted
Add: Preferred Stock	47,480	47,840

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	77,500	175,418

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details)	Jul. 10, 2020USD ($)	Apr. 09, 2020USD ($)	Dec. 31, 2020USD ($)ft²	Dec. 31, 2019USD ($)	Sep. 30, 2020USD ($)	Dec. 30, 2017USD ($)	Dec. 31, 2015USD ($)
Related Party Transaction [Line Items]
Loan outstanding			$ 75,524,000		$ 82,440,000
Spriggs Investments, LLC | Spriggs Promissory Note
Related Party Transaction [Line Items]
Loan maximum borrowing amount	$ 2,000,000
Interest rate	10.00%
Maturity date	Jul. 10, 2022
Debt initial payment date	Jul. 31, 2020
Debt pre payment date	Dec. 10, 2020
Fee payment terminated on or after to maturity date	$ 100,000
Vintage Stock Purchase
Related Party Transaction [Line Items]
Interest rate			8.00%
Maturity date			Sep. 30, 2023
Date of acquisition agreement			Nov. 3, 2016
Series B Convertible Preferred Stock Warrants
Related Party Transaction [Line Items]
Warrants expiration period			2 years
Extended term of warrant agreement			2 years
Isaac Capital Group, LLC
Related Party Transaction [Line Items]
Percentage of capital stock outstanding			46.20%
Loan outstanding	$ 2,000,000
Isaac Capital Group, LLC | Revolving Credit Facility
Related Party Transaction [Line Items]
Interest rate		10.00%
Maturity date		Apr. 30, 2023
Credit line maximum		$ 1,000,000
Amount drawn		$ 0
Isaac Capital Group, LLC | Jon Isaac
Related Party Transaction [Line Items]
Percentage of capital stock outstanding			54.00%
Isaac Capital Fund
Related Party Transaction [Line Items]
Loan maximum borrowing amount							$ 7,000,000
Interest rate							12.50%
Maturity date			May 1, 2025
Loan outstanding			$ 2,000,000		2,000,000
Loan outstanding			$ 2,000,000		2,000,000
JanOne Inc | ApplianceSmart Note
Related Party Transaction [Line Items]
Loan maximum borrowing amount						$ 6,500,000
Interest rate			5.00%
Maturity date			Apr. 1, 2021
Loan outstanding			$ 2,826,000		2,826,000
Original principal amount			$ 3,919,000
Percentage of outstanding principal amount repaid			10.00%
Cash paid purchase price			$ 2,581,000
Loan outstanding			$ 2,826,000		$ 2,826,000
JanOne Inc | Rent Income
Related Party Transaction [Line Items]
Rentable square feet of office space | ft²			9,900
Square feet of total office space | ft²			16,500
Related party income from rent and other reimbursed expenses			$ 35,000	$ 45,000
Mezzanine Loan | Vintage Stock Purchase
Related Party Transaction [Line Items]
Business combination, issuance of subordinated notes payable			10,000,000
Rodney Spriggs | Vintage Stock Purchase
Related Party Transaction [Line Items]
Business combination, issuance of subordinated notes payable			$ 10,000,000
Percentage of holds interest			41.00%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands

Aug. 04, 2020

Feb. 18, 2020

Dec. 12, 2019

Nov. 22, 2019

Nov. 01, 2019

Oct. 16, 2019

Sep. 12, 2019

Aug. 29, 2019

Aug. 27, 2019

Aug. 15, 2019

Jul. 22, 2019

Jun. 19, 2019

Dec. 31, 2020

Sep. 30, 2019

Loss Contingencies [Line Items]

Liability for remaining lease payments and early termination charges

$ 405

$ 724

Second Lease Modification Agreement

Loss Contingencies [Line Items]

Lease payment for partial satisfaction of past due rent and costs

$ 141

ApplianceSmart Inc | Settled Litigation | Martin Drive, LLC

Loss Contingencies [Line Items]

Award value

$ 265

ApplianceSmart Inc | Settled Litigation | Business Center, LLC

Loss Contingencies [Line Items]

Litigation settlement amount

$ 130

ApplianceSmart Inc | Settled Litigation | Graceland Retail

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 940

ApplianceSmart Inc | Minimum | Settled Litigation | CH Robinson Worldwide, Inc.

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 140

Marquis

Loss Contingencies [Line Items]

Heating ventilation and air conditioning installation commitment amount

$ 1,100

Valassis Digital Corp | ApplianceSmart Inc

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 700

Crossroads Center LLC | ApplianceSmart Inc | Minimum

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 64

Haier US Appliance Solutions, Inc. | ApplianceSmart Inc

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 250

OIRE Minnesota, L.L.C. | ApplianceSmart Inc

Loss Contingencies [Line Items]

Litigation settlement amount

$ 20

OIRE Minnesota, L.L.C. | ApplianceSmart Inc | Minimum

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 60

VanMile, LLC | ApplianceSmart Inc

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 15

Fisher & Paykel Appliances | ApplianceSmart Inc | Minimum

Loss Contingencies [Line Items]

Loss contingency, damages sought, value

$ 100

Reynoldsburg Landlord

Loss Contingencies [Line Items]

Attorney fees, and other charges

$ 1,530

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Balance Sheet Detail Information (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020
Assets
Cash	$ 7,232	$ 8,984
Inventories, net	64,739	64,525
Right of use asset - operating leases	28,971	30,894
Total assets	190,564	197,259
Liabilities:
Total debtor in possession liabilities	11,889	12,228
Lease obligation long term - operating leases	26,503	28,101
Other non-current obligations	404	734
Total liabilities	141,979	153,587
Stockholders' equity:
Intercompany	4,481	4,098
Accumulated deficit	(11,016)	(16,429)
Equity attributable to Live stockholders	48,987	43,940
Total liabilities and stockholders' equity	190,564	$ 197,259
ApplianceSmart Inc
Assets
Cash	42
Inventories, net	284
Total debtor in possession assets	326
Right of use asset - operating leases	691
Total assets	1,017
Liabilities:
Accounts payable	5,935
Accrued liabilities	3,128
Notes payable related parties, including current portion	2,826
Total debtor in possession liabilities	11,889
Accounts payable	42
Accrued liabilities	818
Lease obligation long term - operating leases	699
Crossroads Financial Revolver Loan	828
Taxes payable	886
Total liabilities	15,162
Stockholders' equity:
Intercompany	1,350
Accumulated deficit	(15,495)
Equity attributable to Live stockholders	(14,145)
Total liabilities and stockholders' equity	$ 1,017

Commitments and Contingencies_3

Commitments and Contingencies - Summary of Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Revenues	$ 62,454	$ 42,001
Cost of revenues	40,185	25,375
Gross profit	22,269	16,626
Operating expenses:
General and administrative expenses	12,279	10,809
Total operating expenses	14,978	13,139
Operating income	(7,291)	(3,487)
Other (expense) income:
Interest expense, net	(1,470)	(1,357)
Other income (expense)	779	(181)
Total other (expense) income, net	(562)	(2,745)
Income before provision for income taxes	6,729	$ 742
ApplianceSmart Inc
Loss Contingencies [Line Items]
Revenues	296
Cost of revenues	165
Gross profit	131
Operating expenses:
General and administrative expenses	208
Total operating expenses	208
Operating income	(77)
Other (expense) income:
Interest expense, net	(46)
Accounts payable settlement	44
Other income (expense)	279
Total other (expense) income, net	277
Income before provision for income taxes	$ 200

Commitments and Contingencies_4

Commitments and Contingencies - Summary of Warranty Reserve Activity (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2020USD ($)
Commitments And Contingencies Disclosure [Abstract]
Beginning balance, September 30, 2020	$ 206
Warranties issued/accrued	0
Warranty settlements	(31)
Ending balance, December 31, 2020	$ 175

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	3 Months Ended
	Dec. 31, 2020Segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Reporting - Summary of

Segment Reporting - Summary of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 62,454	$ 42,001
Gross profit	22,269	16,626
Operating income (loss)	7,291	3,487
Depreciation and amortization	1,714	1,085
Interest expenses	1,470	1,357
Net income (loss) before provision for income taxes	6,729	742
Retail
Segment Reporting Information [Line Items]
Revenues	22,370	21,488
Gross profit	12,047	11,120
Operating income (loss)	4,493	1,859
Depreciation and amortization	347	470
Interest expenses	660	949
Net income (loss) before provision for income taxes	4,173	236
Flooring Manufacturing
Segment Reporting Information [Line Items]
Revenues	30,222	20,367
Gross profit	8,325	5,368
Operating income (loss)	4,150	2,403
Depreciation and amortization	965	605
Interest expenses	410	390
Net income (loss) before provision for income taxes	3,722	1,880
Steel Manufacturing
Segment Reporting Information [Line Items]
Revenues	9,735	0
Gross profit	1,776	0
Operating income (loss)	144	0
Depreciation and amortization	393	0
Interest expenses	268	0
Net income (loss) before provision for income taxes	(164)	0
Corporate & Other
Segment Reporting Information [Line Items]
Revenues	127	146
Gross profit	121	138
Operating income (loss)	(1,496)	(775)
Depreciation and amortization	9	10
Interest expenses	132	18
Net income (loss) before provision for income taxes	$ (1,002)	$ (1,374)

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event - Payroll Protection Program Loan $ in Thousands	1 Months Ended
	Feb. 28, 2021USD ($)
Subsequent Event [Line Items]
Payroll protection program loan forgiven	$ 1,382
Amount owed	$ 0