Live Ventures (LIVE) 10-Q 17 May 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2021	May 13, 2021
Cover [Abstract]
Entity Registrant Name	Live Ventures Inc
Entity Central Index Key	0001045742
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
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	Q2
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

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Assets
Cash	$ 11,928	$ 8,984
Trade receivables, net	21,962	20,121
Inventories, net	61,826	64,525
Prepaid expenses and other current assets	1,254	1,778
Debtor in possession assets	200	520
Total current assets	97,170	95,928
Property and equipment, net	31,660	30,376
Right of use asset - operating leases	28,378	30,894
Deposits and other assets	459	223
Deferred taxes		1,021
Intangible assets, net	850	1,063
Goodwill	37,754	37,754
Total assets	196,271	197,259
Liabilities:
Accounts payable	10,661	9,117
Accrued liabilities	12,260	14,822
Income taxes payable	3,498	736
Current portion of lease obligations - operating leases	7,104	7,176
Current portion of long-term debt	9,878	11,986
Current portion of notes payable related parties		1,297
Debtor-in-possession liabilities	11,842	12,228
Total current liabilities	55,243	57,362
Long-term debt, net of current portion	52,979	63,390
Lease obligation long term - operating leases	25,782	28,101
Notes payable related parties, net of current portion	4,000	4,000
Deferred taxes	312
Other non-current obligations	405	734
Total liabilities	138,721	153,587
Commitments and contingencies
Stockholders' equity:
Common stock, $0.001 par value, 200,000,000 shares authorized, 1,555,175 and 1,589,101 shares issued and outstanding at March 31, 2021 and September 30, 2020, respectively	2	2
Paid in capital	64,759	64,472
Treasury stock common 533,011 shares as of March 31, 2021 and 499,805 shares as of September 30, 2020	(4,481)	(4,098)
Accumulated deficit	(2,282)	(16,429)
Equity attributable to Live stockholders	57,991	43,940
Non-controlling interest	(441)	(268)
Total stockholders' equity	57,550	43,672
Total liabilities and stockholders' equity	196,271	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 March 31, 2021 and of September 30, 2020	$ (7)	$ (7)

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Sep. 30, 2020
Stockholders' equity:
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
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	499,805
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	315,790	214,244
Preferred stock, outstanding	315,790	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

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Revenues	$ 70,890	$ 46,431	$ 133,344	$ 88,432
Cost of revenues	44,400	28,655	84,585	54,030
Gross profit	26,490	17,776	48,759	34,402
Operating expenses:
General and administrative expenses	12,565	11,701	24,844	22,510
Sales and marketing expenses	2,800	3,007	5,499	5,337
Total operating expenses	15,365	14,708	30,343	27,847
Operating income	11,125	3,068	18,416	6,555
Other (expense) income:
Interest expense, net	(1,649)	(1,270)	(3,119)	(2,627)
Gain on lease settlement, net	0	837	0	223
Gain on Payroll Protection Program loan forgiveness	1,382	0	1,382	0
Gain on disposal of fixed assets	(129)	0	0	0
Gain on bankruptcy settlement	1,115	0	1,115	0
Other income (expense)	79	(125)	858	(306)
Total other (expense) income, net	798	(558)	236	(2,710)
Income before provision for income taxes	11,923	2,510	18,652	3,845
Provision for income taxes	3,228	629	4,678	979
Net income	8,695	1,881	13,974	2,866
Net loss attributable to non-controlling interest	(39)	0	(173)	0
Net income attributable to Live stockholders	$ 8,734	$ 1,881	$ 14,147	$ 2,866
Income per share:
Basic	$ 5.62	$ 1.07	$ 9.22	$ 1.61
Diluted	$ 2.66	$ 0.54	$ 4.34	$ 0.82
Weighted average common shares outstanding:
Basic	1,555,175	1,752,908	1,534,287	1,779,706
Diluted	3,284,133	3,462,115	3,263,245	3,488,913
Dividends declared - common stock	$ 0	$ 0	$ 0	$ 0
Series B Convertible Preferred Stock
Weighted average common shares outstanding:
Dividends declared - convertible preferred stock	0	0	0	0
Series E Convertible Preferred Stock
Weighted average common shares outstanding:
Dividends declared - convertible preferred stock	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
OPERATING ACTIVITIES:
Net income	$ 13,974	$ 2,866
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisition:
Depreciation and amortization	3,420	2,477
Gain on lease settlement, net	0	(223)
Gain or loss on disposal of property and equipment	(23)	106
Gain on Payroll Protection Program loan forgiveness	(1,382)	0
Gain on bankruptcy settlement	(1,115)	0
Amortization of debt issuance cost	612	212
Stock based compensation expense	287	48
Warrant extension fair value adjustment	0	368
Amortization of right-to-use assets	125	463
Change in reserve for uncollectible accounts	658	421
Change in reserve for obsolete inventory	964	(139)
Change in deferred income taxes	1,334	839
Change in other	(148)	(218)
Changes in assets and liabilities:
Trade receivables	(2,499)	117
Inventories	1,935	4,691
Income taxes	2,763	88
Prepaid expenses and other current assets	529	1,228
Deposits and other assets	(235)	128
Accounts payable	2,594	(5,918)
Accrued liabilities	(2,882)	(983)
Net cash provided by operating activities	20,911	6,571
INVESTING ACTIVITIES:
Purchase of intangible assets	0	(4)
Lonesome Oak acquisition	0	(550)
Purchase of property and equipment	(5,469)	(1,858)
Net cash provided by (used in) investing activities	(5,469)	(2,412)
FINANCING ACTIVITIES:
Net borrowings (payments) under revolver loans	(4,554)	2,640
Purchase of series E preferred treasury stock	0	(3)
Proceeds from issuance of notes payable	2,258	5,000
Purchase of common treasury stock	(383)	(759)
Payments on related party notes payable	(2,000)	0
Debtor-in-possession cash	112	(187)
Payments on notes payable	(7,931)	(12,035)
Net cash used in financing activities	(12,498)	(5,344)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,944	(1,185)
CASH AND CASH EQUIVALENTS, beginning of period	8,984	2,681
CASH AND CASH EQUIVALENTS, end of period	11,928	1,496
Supplemental cash flow disclosures:
Interest paid	2,516	1,187
Income taxes paid	$ 369	$ 0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED 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	48				48
Warrant extension fair value adjustment	368				368
Purchase of common treasury stock	(759)						(759)
Purchase of common treasury stock, shares				(106,567)
Purchase of Series E preferred stock	(3)					(3)
Purchase of Series E preferred stock,shares			(30,000)
Net income	2,866							2,866
Ending balance, value at Mar. 31, 2020	36,649			$ 2	64,340	(7)	(3,197)	(24,489)
Ending balance, shares at Mar. 31, 2020		214,244	47,840	1,719,442
Beginning balance, value at Dec. 31, 2019	35,063			$ 2	64,219	(7)	(2,781)	(26,370)
Beginning Balance, shares at Dec. 31, 2019		214,244	47,840	1,784,310
Stock based compensation	19				19
Warrant extension fair value adjustment	102				102
Purchase of common treasury stock	(416)						(416)
Purchase of common treasury stock, shares				(64,868)
Net income	1,881							1,881
Ending balance, value at Mar. 31, 2020	36,649			$ 2	64,340	(7)	(3,197)	(24,489)
Ending balance, shares at Mar. 31, 2020		214,244	47,840	1,719,442
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	47,840	1,589,101
Stock based compensation	287				287
Warrant exercise, shares		101,546
Purchase of common treasury stock	(383)						(383)
Purchase of common treasury stock, shares				(33,926)
Net income	13,974							14,147	(173)
Ending balance, value at Mar. 31, 2021	57,550			$ 2	64,759	(7)	(4,481)	(2,282)	(441)
Ending balance, shares at Mar. 31, 2021		315,790	47,840	1,555,175
Beginning balance, value at Dec. 31, 2020	48,585			$ 2	64,489	(7)	(4,481)	(11,016)	(402)
Beginning Balance, shares at Dec. 31, 2020		214,244	47,840	1,555,175
Stock based compensation	270				270
Warrant exercise, shares		101,546
Net income	8,695							8,734	(39)
Ending balance, value at Mar. 31, 2021	$ 57,550			$ 2	$ 64,759	$ (7)	$ (4,481)	$ (2,282)	$ (441)
Ending balance, shares at Mar. 31, 2021		315,790	47,840	1,555,175

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Mar. 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”), through which 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”), through which 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 and six months ended March 31, 2021 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	6 Months Ended
	Mar. 31, 2021
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. 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. All intercompany transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP 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 period have been reclassified to conform to the current period 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	6 Months Ended
	Mar. 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 12.4 years. Our weighted average discount rate is 8.9%. Total cash payments for the six months ended March 31, 2021 and 2020 were $1,705 and $3,872, respectively Additionally, we obtained right-of-use assets in exchange for lease liabilities of approximately $7,600 upon commencement of operating leases during the the six months ended March 31, 2021 . The following table details our right of use assets and lease liabilities as of March 31, 2021: March 31, 2021 Right of use asset - operating leases $ 28,378 Operating lease liabilities: Current 7,104 Long term 25,782 Total present value of future lease payments as of March 31, 2021: Twelve months ended March 31, 2022 $ 7,747 2023 6,382 2024 4,852 2025 3,566 2026 2,508 Thereafter 13,175 Total 38,230 Less implied interest (5,344 ) Present value of payments $ 32,886 During the six months ended March 31, 2020, the Company recorded a net gain on lease settlement of $223 which consisted of impairment charges of $614 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, offset by a gain on lease settlement of $837 resulting from the extinguishment of the lease liability associated with the closed retail locations. There were no similar charges for the six months ended March 31, 2021.

Balance Sheet Detail Informatio

Balance Sheet Detail Information	6 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Balance Sheet Detail Information	Note 4 : Balance Sheet Detail Information March 31, 2021 September 30, 2020 Trade receivables, current, net: Accounts receivable, current $ 22,024 $ 20,197 Less: Reserve for doubtful accounts (62 ) (76 ) $ 21,962 $ 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 $ 22,024 $ 20,393 Less: Reserve for doubtful accounts (62 ) (272 ) $ 21,962 $ 20,121 Inventory, net Raw materials $ 13,849 $ 13,175 Work in progress 11,217 11,747 Finished goods 23,045 25,009 Merchandise 15,785 17,729 63,896 67,660 Less: Inventory reserves (2,070 ) (3,135 ) $ 61,826 $ 64,525 Property and equipment, net: Building and improvements $ 11,574 $ 9,908 Transportation equipment 121 480 Machinery and equipment 31,713 27,217 Furnishings and fixtures 3,806 2,908 Office, computer equipment and other 2,712 3,445 49,926 43,958 Less: Accumulated depreciation (18,266 ) (13,582 ) $ 31,660 $ 30,376 Intangible assets, net: Domain name and marketing related intangibles $ 90 $ 90 Customer relationship intangibles 2,689 2,689 Purchased software 120 121 2,899 2,900 Less: Accumulated amortization (2,049 ) (1,837 ) $ 850 $ 1,063 Accrued liabilities: Compensation and benefits $ 2,861 $ 4,178 Accrued sales and use taxes 1,590 1,251 Accrued property taxes 160 270 Accrued gift card and escheatment liability 1,561 1,534 Accrued interest payable 258 280 Accrued accounts payable and bank overdrafts 1,729 3,818 Accrued professional fees 1,910 2,191 Customer deposits 220 169 Accrued expenses - other 1,971 1,131 $ 12,260 $ 14,822

Long Term Debt

Long Term Debt	6 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Long Term Debt	Note 5 : Long Term Debt Long-term debt as of March 31, 2021 and September 30, 2020 consisted of the following: March 31, 2021 September 30, 2020 Bank of America Revolver Loan $ — $ — Encina Business Credit Revolver Loan 12,227 14,886 Texas Capital Bank Revolver Loan 5,486 7,115 Crossroads Financial Revolver Loan 618 883 Encina Business Credit Term Loan 1,491 1,663 Note Payable Comvest Term Loan — 5,554 Note Payable to the Sellers of Vintage Stock 8,000 10,000 Note #1 Payable to Banc of America Leasing & Capital LLC 803 1,229 Note #3 Payable to Banc of America Leasing & Capital LLC 1,594 1,862 Note #4 Payable to Banc of America Leasing & Capital LLC 490 572 Note #5 Payable to Banc of America Leasing & Capital LLC 2,264 2,538 Note #6 Payable to Banc of America Leasing & Capital LLC 689 758 Note #7 Payable to Banc of America Leasing & Capital LLC 4,403 4,681 Note #8 Payable to Banc of America Leasing & Capital LLC 3,158 3,091 Note Payable to Extruded Fibers 1,300 2,900 Note Payable to JCM Holdings 1,918 — Note Payable to the Sellers of Precision Marshall 2,500 2,500 Note Payable to Store Capital Acquisitions, LLC 9,226 9,243 Payroll Protection Program 4,768 6,151 JanOne Inc. (Note 11) — — Isaac Capital Group 2,000 2,000 Spriggs Investments, LLC 2,000 2,000 Sellers of Lonesome Oak 1,254 1,297 Note payable to individuals, interest at 10-11% per annum, payable on a 90 day written notice, unsecured 707 707 Note payable to individuals, interest at 7% per annum, unsecured 259 — Note payable to individual, noninterest bearing, monthly payments of $19 through March 2023 633 810 Total notes payable 67,788 82,440 Less unamortized debt issuance costs (931 ) (1,767 ) Net amount 66,857 80,673 Less current portion (9,878 ) (13,283 ) Long-term portion $ 56,979 $ 67,390 Future maturities of long-term debt at March 31, 2021, are as follows which does not include related party debt separately stated: Twelve months ending March 31, 2022 $ 9,878 2023 15,762 2024 24,251 2025 2,091 2026 3,472 Thereafter 12,334 Total $ 67,788 Bank of America Revolver Loan On July 6, 2015 (as amended), Marquis entered into a $25,000 revolving credit agreement (“BofA Revolver”) with Bank of America Corporation (“BofA”). The BofA Revolver is an asset-based facility that matures on January 31, 2025 and 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 satisfying all loan covenants under the credit agreement with BofA. The following tables summarize the BofA Revolver for the six months ended March 31, 2021 and 2020 and as of March 31, 2021 and September 30, 2020: During the six months ended March 31, 2021 2020 Cumulative borrowing during the period $ 62,263 $ 60,479 Cumulative repayment during the period 66,973 55,035 Maximum borrowed during the period — 11,347 Weighted average interest for the period 0.00 % 3.52 % March 31, 2021 September 30, 2020 Total availability $ 29,207 $ 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 six months ended March 31, 2021 and 2020 and as of March 31, 2021 and September 30, 2020: During the six months ended March 31, 2021 2020 Cumulative borrowing during the period $ 19,525 $ — Cumulative repayment during the period 22,185 — Maximum borrowed during the period 1,100 — Weighted average interest for the period 6.50 % 0.00 % March 31, 2021 September 30, 2020 Total availability $ 1,606 $ 421 Total outstanding 12,227 14,886 Texas Capital Bank Revolver Loan On November 3, 2016, Vintage Stock entered into a $12,000 credit agreement ( ) with Texas Capital Bank (“TCB Revolver”) The following tables summarize the TCB Revolver for the six months ended March 31, 2021 and 2020 and as of March 31, 2021 and September 30, 2020: During the six months ended March 31, 2021 2020 Cumulative borrowing during the period $ 44,915 $ 35,808 Cumulative repayment during the period 46,544 37,831 Maximum borrowed during the period 8,930 11,798 Weighted average interest for the period 2.38 % 4.02 % March 31, 2021 September 30, 2020 Total availability $ 6,514 $ 5,520 Total outstanding 5,486 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. 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. Comvest Loan During January 2021, the Company paid the Comvest loan in full and, as a result, the loan agreement and the related instruments, documents, and agreements, were terminated. 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. Loan Covenant Compliance We were in compliance as of March 31, 2021 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	6 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Stockholders' Equity	Note 6 : Stockholders’ Equity Series E Convertible Preferred Stock As of March 31, 2021, and September 30, 2020, there were 47,840 and 47,840 shares outstanding of Series a Preferred Stock, respectively. During the six months ended March 31, 2020, the Company repurchased 30,000 shares of Series E Convertible Preferred Stock for an aggregate purchase price of $3. Treasury Stock For the six months ended March 31, 2021 and 2020, the Company purchased 33,926 and 106,567 shares of its common stock on the open market for $383 and $759, respectively.

Warrants

Warrants	6 Months Ended
	Mar. 31, 2021
Warrants And Rights Note Disclosure [Abstract]
Warrants	Note 7 : Warrants As of September 30, 2020 the Company had 118,029 warrants to purchase shares of Series B Convertible Preferred Stock outstanding with a weighted average exercise price of $20.80 expiring at various timeframes over the next two years. The Company and ICG have entered into agreements 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 and six months ended March 31, 2020, the Company recorded a fair value adjustment of $102 and $368, respectively, related to the extension of warrants that expired during this period. There was no such adjustment during the three and six months ended March 31, 2021. In January 2021, all of the warrants were exercised (via cashless exercise) for shares of Series B Convertible Preferred Stock.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Mar. 31, 2021
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 six months ended March 31, 2021: 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 September 30, 2020 119,168 $ 19.07 2.71 $ — Granted 1,250 Exercised — Forfeited — Outstanding at March 31, 2021 120,418 $ 19.12 2.87 $ 564 Exercisable at March 31, 2021 107,168 $ 16.71 2.19 $ 564 The Company recognized compensation expense of $270 and $19 during the three months ended March 31, 2021 and 2020, respectively, and $287 and $48 during the six months ended March 31, 2021 and 2020, 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 and the revaluation for existing options whereby the expiration date was extended. At March 31, 2021, the Company had $55 of unrecognized compensation expense (net of estimated forfeitures) associated with stock option awards which the Company expects to recognize as compensation expense through December 2021. The exercise price for stock options outstanding and exercisable outstanding at March 31, 2021 is as follows: Outstanding Exercisable Number of Options Exercise Price ($) 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 1,250 23.89 — — 8,000 27.60 8,000 27.60 8,000 31.74 8,000 31.74 8,000 36.50 4,000 36.50 8,000 41.98 — — 120,418 107,168 The following table summarizes information about the Company’s non-vested shares outstanding as of March 31, 2021: Non-vested Shares Number of Shares Average Grant-Date Fair Value Non-vested at September 30, 2020 24,167 $ 33.10 Granted 1,250 $ 23.89 Vested (12,167 ) $ 26.15 Non-vested at March 31, 2021 13,250 $ 38.62 The following table depicts the Black-Scholes model valuation assumptions for the stock options granted during the six months ended March 31, 2021. There were no stock option grants during the six months ended March 31, 2020. Risk-free interest rate 1.15% Expected life of the options 6 years Expected volatility 99% Expected dividend yield 0%

Earnings Per Share

Earnings Per Share	6 Months Ended
	Mar. 31, 2021
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 shares of common stock outstanding and if dilutive, potential shares of common stock 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 March 31, Six Months Ended March 31, 2021 2020 2021 2020 Basic Net income $ 8,734 $ 1,881 $ 14,147 $ 2,866 Less: preferred stock dividends — — — — Net income applicable to common stock $ 8,734 $ 1,881 $ 14,147 $ 2,866 Weighted average common shares outstanding 1,555,175 1,752,908 1,534,287 1,779,706 Basic earnings per share $ 5.62 $ 1.07 $ 9.22 $ 1.61 Diluted Net income applicable to common stock $ 8,734 $ 1,881 $ 14,147 $ 2,866 Add: preferred stock dividends — — — — Net income applicable for diluted earnings per share $ 8,734 $ 1,881 $ 14,147 $ 2,866 Weighted average common shares outstanding 1,555,175 1,752,908 1,534,287 1,779,706 Add: Options 87,168 — 87,168 — Add: Series B Preferred Stock 1,593,950 1,071,220 1,593,950 1,071,220 Add: Series B Preferred Stock Warrants — 590,147 — 590,147 Add: Series E Preferred Stock 47,840 47,840 47,840 47,840 Assumed weighted average common shares outstanding 3,284,133 3,462,115 3,263,245 3,488,913 Diluted earnings per share $ 2.66 $ 0.54 $ 4.34 $ 0.82 There are 33,250 and 200,418 options to purchase shares of common stock that are anti-dilutive that are not included in the three and six months ended March 31, 2021, diluted earnings per share computations, respectively.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 1 0 : Related Party Transactions Transactions with Isaac Capital Fund and Capital Group LLC As of March 31, 2021, Isaac Capital Group LLC (“ICG”) owned 259,902 shares of Series B Preferred Stock that are convertible into 1,299,510 shares of common stock. Jon Isaac is the President and sole member of ICG and accordingly has sole voting and dispositive power with respect to such shares. ICG beneficially owns 45.5 , the Company’s President and Chief Executive Officer, and manager and sole member of ICG, . 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 ICG, 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 Stock Warrants As discussed in Note 7, the warrants were set to expire at various times over the next two years, subject to the automatic extension discussed in Note 7. All of these warrants were exercised by cashless exercise during January 2021. Transactions with 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 $50 and $89 in rent and other reimbursed expenses for the three months ended March 31, 2021 and 2020, 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. Transactions with Vintage Stock CEO 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 (as amended, the “Sellers Subordinated Acquisition Note”) with the previous owners of Vintage Stock, one of whom was Rodney Spriggs, the President and Chief Executive Officer of Vintage Stock, Inc., a wholly-owned subsidiary of the Company. The Sellers Subordinated Acquisition Note bears interest at 8% per annum, with interest payable monthly in arrears. The Sellers Subordinated Acquisition Note, has a maturity date of September 23, 2023. Mr. Spriggs holds a 41% interest in the Sellers Subordinated Acquisition Note. As of March 31, 2021, the amount owed was $8,000. 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 Mr. Spriggs. The Spriggs Promissory Note 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. The Company used the proceeds from the Spriggs Loan to finance, in part, the acquisition of Precision Marshall. 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	6 Months Ended
	Mar. 31, 2021
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 Related 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 March 31, 2021 is below. The debtor in possession assets and liabilities are primarily related to assets and liabilities incurred pre-petition and are subject to compromise. March 31, 2021 (Unaudited) Assets Cash $ 19 Inventories, net 181 Total debtor in possession assets 200 Right of use asset - operating leases 665 Other 13 Total assets $ 878 Liabilities and Stockholders' Equity Liabilities: Accounts payable $ 5,879 Accrued liabilities 3,137 Notes payable related parties, including current portion 2,826 Total debtor in possession liabilities 11,842 Accounts payable 136 Accrued liabilities 706 Lease obligation long term - operating leases 691 Crossroads Financial Revolver Loan 618 Taxes payable 904 Total liabilities 14,897 Stockholders' equity: Intercompany 1,555 Accumulated deficit (15,574 ) Total stockholders' equity (14,019 ) Total liabilities and stockholders' equity $ 878 ApplianceSmart’s statement of operations for the period of October 1, 2020 through March 31, 2021 is below: Six months ended March 31, 2021 Revenues $ 648 Cost of revenues 360 Gross profit 288 Operating expenses: General and administrative expenses 408 Total operating expenses 408 Operating income (120 ) Other (expense) income: Interest expense, net (83 ) Accounts payable settlement 44 Other income (expense) 279 Total other (expense) income, net 240 Income before provision for income taxes 120 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 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 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 March 31, 2021, 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 six months ended March 31, 2021: Beginning balance, September 30, 2020 $ 206 Warranties issued/accrued — Warranty settlements (35 ) Ending balance, March 31, 2021 $ 171

Segment Reporting

Segment Reporting	6 Months Ended
	Mar. 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 and six months ended March 31, 2021 and 2020: For the Three Months Ended March 31, For the Six Months Ended March 31, 2021 2020 2021 2020 Revenues Retail $ 24,003 $ 18,986 $ 46,373 $ 40,474 Flooring Manufacturing 32,972 27,301 63,194 47,668 Steel Manufacturing 13,793 — 23,528 — Corporate & other 122 144 249 290 $ 70,890 $ 46,431 $ 133,344 $ 88,432 Gross profit Retail $ 12,970 $ 10,330 $ 25,017 $ 21,455 Flooring Manufacturing 10,022 7,313 18,347 12,676 Steel Manufacturing 3,380 — 5,156 — Corporate & other 118 133 239 271 $ 26,490 $ 17,776 $ 48,759 $ 34,402 Operating income (loss) Retail $ 5,071 $ 1,331 $ 9,564 $ 3,195 Flooring Manufacturing 6,011 2,703 10,161 5,101 Steel Manufacturing 1,742 — 1,886 — Corporate & other (1,699 ) (966 ) (3,195 ) (1,741 ) $ 11,125 $ 3,068 $ 18,416 $ 6,555 Depreciation and amortization Retail $ 391 $ 479 $ 738 $ 949 Flooring Manufacturing 907 887 1,872 1,492 Steel Manufacturing 396 — 789 — Corporate & other 11 27 20 37 $ 1,706 $ 1,392 $ 3,420 $ 2,477 Interest expenses Retail $ 582 $ 815 $ 1,242 $ 1,764 Flooring Manufacturing 648 440 1,058 830 Steel Manufacturing 288 — 556 — Corporate & other 131 15 263 33 $ 1,649 $ 1,270 $ 3,119 $ 2,627 Net income (loss) before provision for income taxes Retail $ 4,485 $ 1,205 $ 8,658 $ 1,450 Flooring Manufacturing 5,171 2,111 8,893 3,991 Steel Manufacturing 2,460 — 2,296 — Corporate & other (193 ) (806 ) (1,195 ) (1,596 ) $ 11,923 $ 2,510 $ 18,652 $ 3,845

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 1 3 : Subsequent Events The Company evaluated subsequent events through the date of this Quarterly Report noting no reportable events.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2021
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. 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. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP 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 period have been reclassified to conform to the current period 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)	6 Months Ended
	Mar. 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 March 31, 2021: March 31, 2021 Right of use asset - operating leases $ 28,378 Operating lease liabilities: Current 7,104 Long term 25,782
Schedule of Present Value of Future Lease Payments	Total present value of future lease payments as of March 31, 2021: Twelve months ended March 31, 2022 $ 7,747 2023 6,382 2024 4,852 2025 3,566 2026 2,508 Thereafter 13,175 Total 38,230 Less implied interest (5,344 ) Present value of payments $ 32,886

Balance Sheet Detail Informat_2

Balance Sheet Detail Information (Tables)	6 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Balance Sheet Detail Information	March 31, 2021 September 30, 2020 Trade receivables, current, net: Accounts receivable, current $ 22,024 $ 20,197 Less: Reserve for doubtful accounts (62 ) (76 ) $ 21,962 $ 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 $ 22,024 $ 20,393 Less: Reserve for doubtful accounts (62 ) (272 ) $ 21,962 $ 20,121 Inventory, net Raw materials $ 13,849 $ 13,175 Work in progress 11,217 11,747 Finished goods 23,045 25,009 Merchandise 15,785 17,729 63,896 67,660 Less: Inventory reserves (2,070 ) (3,135 ) $ 61,826 $ 64,525 Property and equipment, net: Building and improvements $ 11,574 $ 9,908 Transportation equipment 121 480 Machinery and equipment 31,713 27,217 Furnishings and fixtures 3,806 2,908 Office, computer equipment and other 2,712 3,445 49,926 43,958 Less: Accumulated depreciation (18,266 ) (13,582 ) $ 31,660 $ 30,376 Intangible assets, net: Domain name and marketing related intangibles $ 90 $ 90 Customer relationship intangibles 2,689 2,689 Purchased software 120 121 2,899 2,900 Less: Accumulated amortization (2,049 ) (1,837 ) $ 850 $ 1,063 Accrued liabilities: Compensation and benefits $ 2,861 $ 4,178 Accrued sales and use taxes 1,590 1,251 Accrued property taxes 160 270 Accrued gift card and escheatment liability 1,561 1,534 Accrued interest payable 258 280 Accrued accounts payable and bank overdrafts 1,729 3,818 Accrued professional fees 1,910 2,191 Customer deposits 220 169 Accrued expenses - other 1,971 1,131 $ 12,260 $ 14,822

Long Term Debt (Tables)

Long Term Debt (Tables)	6 Months Ended
	Mar. 31, 2021
Schedule of Long-term Debt	Long-term debt as of March 31, 2021 and September 30, 2020 consisted of the following: March 31, 2021 September 30, 2020 Bank of America Revolver Loan $ — $ — Encina Business Credit Revolver Loan 12,227 14,886 Texas Capital Bank Revolver Loan 5,486 7,115 Crossroads Financial Revolver Loan 618 883 Encina Business Credit Term Loan 1,491 1,663 Note Payable Comvest Term Loan — 5,554 Note Payable to the Sellers of Vintage Stock 8,000 10,000 Note #1 Payable to Banc of America Leasing & Capital LLC 803 1,229 Note #3 Payable to Banc of America Leasing & Capital LLC 1,594 1,862 Note #4 Payable to Banc of America Leasing & Capital LLC 490 572 Note #5 Payable to Banc of America Leasing & Capital LLC 2,264 2,538 Note #6 Payable to Banc of America Leasing & Capital LLC 689 758 Note #7 Payable to Banc of America Leasing & Capital LLC 4,403 4,681 Note #8 Payable to Banc of America Leasing & Capital LLC 3,158 3,091 Note Payable to Extruded Fibers 1,300 2,900 Note Payable to JCM Holdings 1,918 — Note Payable to the Sellers of Precision Marshall 2,500 2,500 Note Payable to Store Capital Acquisitions, LLC 9,226 9,243 Payroll Protection Program 4,768 6,151 JanOne Inc. (Note 11) — — Isaac Capital Group 2,000 2,000 Spriggs Investments, LLC 2,000 2,000 Sellers of Lonesome Oak 1,254 1,297 Note payable to individuals, interest at 10-11% per annum, payable on a 90 day written notice, unsecured 707 707 Note payable to individuals, interest at 7% per annum, unsecured 259 — Note payable to individual, noninterest bearing, monthly payments of $19 through March 2023 633 810 Total notes payable 67,788 82,440 Less unamortized debt issuance costs (931 ) (1,767 ) Net amount 66,857 80,673 Less current portion (9,878 ) (13,283 ) Long-term portion $ 56,979 $ 67,390
Schedule of Future Maturities of Long-term Debt	Future maturities of long-term debt at March 31, 2021, are as follows which does not include related party debt separately stated: Twelve months ending March 31, 2022 $ 9,878 2023 15,762 2024 24,251 2025 2,091 2026 3,472 Thereafter 12,334 Total $ 67,788
Encina Revolver Loans
Summary of Bank Revolver	The following tables summarize the Encina Revolver Loans for the for the six months ended March 31, 2021 and 2020 and as of March 31, 2021 and September 30, 2020: During the six months ended March 31, 2021 2020 Cumulative borrowing during the period $ 19,525 $ — Cumulative repayment during the period 22,185 — Maximum borrowed during the period 1,100 — Weighted average interest for the period 6.50 % 0.00 % March 31, 2021 September 30, 2020 Total availability $ 1,606 $ 421 Total outstanding 12,227 14,886
Bank of America Revolver Loan
Summary of Bank Revolver	The following tables summarize the BofA Revolver for the six months ended March 31, 2021 and 2020 and as of March 31, 2021 and September 30, 2020: During the six months ended March 31, 2021 2020 Cumulative borrowing during the period $ 62,263 $ 60,479 Cumulative repayment during the period 66,973 55,035 Maximum borrowed during the period — 11,347 Weighted average interest for the period 0.00 % 3.52 % March 31, 2021 September 30, 2020 Total availability $ 29,207 $ 21,732 Total outstanding — —
Texas Capital Bank Revolver Loan
Summary of Bank Revolver	The following tables summarize the TCB Revolver for the six months ended March 31, 2021 and 2020 and as of March 31, 2021 and September 30, 2020: During the six months ended March 31, 2021 2020 Cumulative borrowing during the period $ 44,915 $ 35,808 Cumulative repayment during the period 46,544 37,831 Maximum borrowed during the period 8,930 11,798 Weighted average interest for the period 2.38 % 4.02 % March 31, 2021 September 30, 2020 Total availability $ 6,514 $ 5,520 Total outstanding 5,486 7,115

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Mar. 31, 2021
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 six months ended March 31, 2021: 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 September 30, 2020 119,168 $ 19.07 2.71 $ — Granted 1,250 Exercised — Forfeited — Outstanding at March 31, 2021 120,418 $ 19.12 2.87 $ 564 Exercisable at March 31, 2021 107,168 $ 16.71 2.19 $ 564
Summary of Exercise Price for Stock Options Outstanding and Exercisable	The exercise price for stock options outstanding and exercisable outstanding at March 31, 2021 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 1,250 23.89 — — 8,000 27.60 8,000 27.60 8,000 31.74 8,000 31.74 8,000 36.50 4,000 36.50 8,000 41.98 — — 120,418 107,168
Summary of Non-Vested Shares	The following table summarizes information about the Company’s non-vested shares outstanding as of March 31, 2021: Non-vested Shares Number of Shares Average Grant-Date Fair Value Non-vested at September 30, 2020 24,167 $ 33.10 Granted 1,250 $ 23.89 Vested (12,167 ) $ 26.15 Non-vested at March 31, 2021 13,250 $ 38.62
Summary of Black-Scholes Model Valuation Assumptions for Stock Options Granted	The following table depicts the Black-Scholes model valuation assumptions for the stock options granted during the six months ended March 31, 2021. There were no stock option grants during the six months ended March 31, 2020. Risk-free interest rate 1.15% Expected life of the options 6 years Expected volatility 99% Expected dividend yield 0%

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Mar. 31, 2021
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 March 31, Six Months Ended March 31, 2021 2020 2021 2020 Basic Net income $ 8,734 $ 1,881 $ 14,147 $ 2,866 Less: preferred stock dividends — — — — Net income applicable to common stock $ 8,734 $ 1,881 $ 14,147 $ 2,866 Weighted average common shares outstanding 1,555,175 1,752,908 1,534,287 1,779,706 Basic earnings per share $ 5.62 $ 1.07 $ 9.22 $ 1.61 Diluted Net income applicable to common stock $ 8,734 $ 1,881 $ 14,147 $ 2,866 Add: preferred stock dividends — — — — Net income applicable for diluted earnings per share $ 8,734 $ 1,881 $ 14,147 $ 2,866 Weighted average common shares outstanding 1,555,175 1,752,908 1,534,287 1,779,706 Add: Options 87,168 — 87,168 — Add: Series B Preferred Stock 1,593,950 1,071,220 1,593,950 1,071,220 Add: Series B Preferred Stock Warrants — 590,147 — 590,147 Add: Series E Preferred Stock 47,840 47,840 47,840 47,840 Assumed weighted average common shares outstanding 3,284,133 3,462,115 3,263,245 3,488,913 Diluted earnings per share $ 2.66 $ 0.54 $ 4.34 $ 0.82

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Mar. 31, 2021
Schedule of Balance Sheet Detail Information	March 31, 2021 September 30, 2020 Trade receivables, current, net: Accounts receivable, current $ 22,024 $ 20,197 Less: Reserve for doubtful accounts (62 ) (76 ) $ 21,962 $ 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 $ 22,024 $ 20,393 Less: Reserve for doubtful accounts (62 ) (272 ) $ 21,962 $ 20,121 Inventory, net Raw materials $ 13,849 $ 13,175 Work in progress 11,217 11,747 Finished goods 23,045 25,009 Merchandise 15,785 17,729 63,896 67,660 Less: Inventory reserves (2,070 ) (3,135 ) $ 61,826 $ 64,525 Property and equipment, net: Building and improvements $ 11,574 $ 9,908 Transportation equipment 121 480 Machinery and equipment 31,713 27,217 Furnishings and fixtures 3,806 2,908 Office, computer equipment and other 2,712 3,445 49,926 43,958 Less: Accumulated depreciation (18,266 ) (13,582 ) $ 31,660 $ 30,376 Intangible assets, net: Domain name and marketing related intangibles $ 90 $ 90 Customer relationship intangibles 2,689 2,689 Purchased software 120 121 2,899 2,900 Less: Accumulated amortization (2,049 ) (1,837 ) $ 850 $ 1,063 Accrued liabilities: Compensation and benefits $ 2,861 $ 4,178 Accrued sales and use taxes 1,590 1,251 Accrued property taxes 160 270 Accrued gift card and escheatment liability 1,561 1,534 Accrued interest payable 258 280 Accrued accounts payable and bank overdrafts 1,729 3,818 Accrued professional fees 1,910 2,191 Customer deposits 220 169 Accrued expenses - other 1,971 1,131 $ 12,260 $ 14,822
Summary of Warranty Reserve Activity	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 six months ended March 31, 2021: Beginning balance, September 30, 2020 $ 206 Warranties issued/accrued — Warranty settlements (35 ) Ending balance, March 31, 2021 $ 171
ApplianceSmart Inc
Schedule of Balance Sheet Detail Information	ApplianceSmart’s balance sheet as of March 31, 2021 is below. The debtor in possession assets and liabilities are primarily related to assets and liabilities incurred pre-petition and are subject to compromise. March 31, 2021 (Unaudited) Assets Cash $ 19 Inventories, net 181 Total debtor in possession assets 200 Right of use asset - operating leases 665 Other 13 Total assets $ 878 Liabilities and Stockholders' Equity Liabilities: Accounts payable $ 5,879 Accrued liabilities 3,137 Notes payable related parties, including current portion 2,826 Total debtor in possession liabilities 11,842 Accounts payable 136 Accrued liabilities 706 Lease obligation long term - operating leases 691 Crossroads Financial Revolver Loan 618 Taxes payable 904 Total liabilities 14,897 Stockholders' equity: Intercompany 1,555 Accumulated deficit (15,574 ) Total stockholders' equity (14,019 ) Total liabilities and stockholders' equity $ 878
Summary of Statement of Operations	ApplianceSmart’s statement of operations for the period of October 1, 2020 through March 31, 2021 is below: Six months ended March 31, 2021 Revenues $ 648 Cost of revenues 360 Gross profit 288 Operating expenses: General and administrative expenses 408 Total operating expenses 408 Operating income (120 ) Other (expense) income: Interest expense, net (83 ) Accounts payable settlement 44 Other income (expense) 279 Total other (expense) income, net 240 Income before provision for income taxes 120

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Summary of Segment Information	The following tables summarize segment information for the three and six months ended March 31, 2021 and 2020: For the Three Months Ended March 31, For the Six Months Ended March 31, 2021 2020 2021 2020 Revenues Retail $ 24,003 $ 18,986 $ 46,373 $ 40,474 Flooring Manufacturing 32,972 27,301 63,194 47,668 Steel Manufacturing 13,793 — 23,528 — Corporate & other 122 144 249 290 $ 70,890 $ 46,431 $ 133,344 $ 88,432 Gross profit Retail $ 12,970 $ 10,330 $ 25,017 $ 21,455 Flooring Manufacturing 10,022 7,313 18,347 12,676 Steel Manufacturing 3,380 — 5,156 — Corporate & other 118 133 239 271 $ 26,490 $ 17,776 $ 48,759 $ 34,402 Operating income (loss) Retail $ 5,071 $ 1,331 $ 9,564 $ 3,195 Flooring Manufacturing 6,011 2,703 10,161 5,101 Steel Manufacturing 1,742 — 1,886 — Corporate & other (1,699 ) (966 ) (3,195 ) (1,741 ) $ 11,125 $ 3,068 $ 18,416 $ 6,555 Depreciation and amortization Retail $ 391 $ 479 $ 738 $ 949 Flooring Manufacturing 907 887 1,872 1,492 Steel Manufacturing 396 — 789 — Corporate & other 11 27 20 37 $ 1,706 $ 1,392 $ 3,420 $ 2,477 Interest expenses Retail $ 582 $ 815 $ 1,242 $ 1,764 Flooring Manufacturing 648 440 1,058 830 Steel Manufacturing 288 — 556 — Corporate & other 131 15 263 33 $ 1,649 $ 1,270 $ 3,119 $ 2,627 Net income (loss) before provision for income taxes Retail $ 4,485 $ 1,205 $ 8,658 $ 1,450 Flooring Manufacturing 5,171 2,111 8,893 3,991 Steel Manufacturing 2,460 — 2,296 — Corporate & other (193 ) (806 ) (1,195 ) (1,596 ) $ 11,923 $ 2,510 $ 18,652 $ 3,845

Background and Basis of Prese_2

Background and Basis of Presentation - Additional Information (Details)	6 Months Ended
	Mar. 31, 2021Segment
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)	6 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Ownership interest	100.00%
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		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Operating Leased Assets [Line Items]
Weighted average remaining lease term	12 years 4 months 24 days		12 years 4 months 24 days
Weighted average discount rate	8.90%		8.90%
Total cash payments			$ 1,705,000	$ 3,872,000
Right-of-use assets in exchange of lease liabilities			7,600,000
Gain on lease settlement, net	$ 0	$ 837,000	0	223,000
ApplianceSmart Inc
Operating Leased Assets [Line Items]
Gain on lease settlement, net				837,000
Impairment charges			$ 0	$ 614,000

Leases - Schedule of Right of U

Leases - Schedule of Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Leases [Abstract]
Right of use asset - operating leases	$ 28,378	$ 30,894
Current	7,104	7,176
Long term	$ 25,782	$ 28,101

Leases - Schedule of Present Va

Leases - Schedule of Present Value of Future Lease Payments (Details) $ in Thousands	Mar. 31, 2021USD ($)
Leases [Abstract]
2022	$ 7,747
2023	6,382
2024	4,852
2025	3,566
2026	2,508
Thereafter	13,175
Total	38,230
Less implied interest	(5,344)
Present value of payments	$ 32,886

Balance Sheet Detail Informat_3

Balance Sheet Detail Information - Schedule of Balance Sheet Detail Information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Trade receivables, current, net:
Accounts receivable, current	$ 22,024	$ 20,197
Less: Reserve for doubtful accounts	(62)	(76)
Trade receivables, current, net	21,962	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	22,024	20,393
Less: Reserve for doubtful accounts	(62)	(272)
Total trade receivables, net	21,962	20,121
Inventory, net
Raw materials	13,849	13,175
Work in progress	11,217	11,747
Finished goods	23,045	25,009
Merchandise	15,785	17,729
Total inventory, gross	63,896	67,660
Less: Inventory reserves	(2,070)	(3,135)
Total inventory, net	61,826	64,525
Property and equipment, net:
Property and equipment, gross	49,926	43,958
Less: Accumulated depreciation	(18,266)	(13,582)
Property and equipment, net	31,660	30,376
Intangible assets, net:
Intangible assets, gross	2,899	2,900
Less: Accumulated amortization	(2,049)	(1,837)
Intangible assets, net	850	1,063
Accrued liabilities:
Compensation and benefits	2,861	4,178
Accrued sales and use taxes	1,590	1,251
Accrued property taxes	160	270
Accrued gift card and escheatment liability	1,561	1,534
Accrued interest payable	258	280
Accrued accounts payable and bank overdrafts	1,729	3,818
Accrued professional fees	1,910	2,191
Customer deposits	220	169
Accrued expenses - other	1,971	1,131
Total accrued liabilities	12,260	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	120	121
Building and Improvements
Property and equipment, net:
Property and equipment, gross	11,574	9,908
Transportation Equipment
Property and equipment, net:
Property and equipment, gross	121	480
Machinery and Equipment
Property and equipment, net:
Property and equipment, gross	31,713	27,217
Furnishings and Fixtures
Property and equipment, net:
Property and equipment, gross	3,806	2,908
Office, Computer Equipment and Other
Property and equipment, net:
Property and equipment, gross	$ 2,712	$ 3,445

Long Term Debt - Schedule of Lo

Long Term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Debt Instrument [Line Items]
Total notes payable	$ 67,788	$ 82,440
Less unamortized debt issuance costs	(931)	(1,767)
Net amount	66,857	80,673
Less current portion	(9,878)	(13,283)
Long-term portion	56,979	67,390
Note payable to individuals
Debt Instrument [Line Items]
Total notes payable	707	707
Note payable to individual 3
Debt Instrument [Line Items]
Total notes payable	633	810
Note payable to individual 2
Debt Instrument [Line Items]
Total notes payable	259
Comvest Term Loan
Debt Instrument [Line Items]
Total notes payable		5,554
Note Payable to the Sellers of Vintage Stock
Debt Instrument [Line Items]
Total notes payable	8,000	10,000
Note #1 to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total notes payable	803	1,229
Note #3 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total notes payable	1,594	1,862
Note #4 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total notes payable	490	572
Note #5 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total notes payable	2,264	2,538
Note #6 Payable to Bank of America Leasing & Capital
Debt Instrument [Line Items]
Total notes payable	689	758
Note #7 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total notes payable	4,403	4,681
Note Payable to Store Capital Acquisitions
Debt Instrument [Line Items]
Total notes payable	9,226	9,243
Note #8 Payable to Banc of America Leasing & Capital
Debt Instrument [Line Items]
Total notes payable	3,158	3,091
Note Payable to Extruded Fibers
Debt Instrument [Line Items]
Total notes payable	1,300	2,900
Note Payable to JCM Holdings
Debt Instrument [Line Items]
Total notes payable	1,918
Note Payable to the Sellers of Precision Marshall
Debt Instrument [Line Items]
Total notes payable	2,500	2,500
Payroll Protection Program
Debt Instrument [Line Items]
Total notes payable	4,768	6,151
Isaac Capital Group
Debt Instrument [Line Items]
Total notes payable	2,000	2,000
Spriggs Investments, LLC
Debt Instrument [Line Items]
Total notes payable	2,000	2,000
Sellers of Lonesome Oak
Debt Instrument [Line Items]
Total notes payable	1,254	1,297
Encina Business Credit Revolver Loan
Debt Instrument [Line Items]
Total notes payable	12,227	14,886
Texas Capital Bank Revolver Loan
Debt Instrument [Line Items]
Total notes payable	5,486	7,115
Crossroads Financial Revolver Loan
Debt Instrument [Line Items]
Total notes payable	618	883
Encina Business Credit Term Loan
Debt Instrument [Line Items]
Total notes payable	$ 1,491	$ 1,663

Long Term Debt - Schedule of _2

Long Term Debt - Schedule of Long-term Debt (Parenthetical) (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2021USD ($)
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	7% per annum
Collateral	unsecured
Note payable to individual 3
Debt Instrument [Line Items]
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	Mar. 31, 2021	Sep. 30, 2020
Debt Instrument [Line Items]
Total	$ 67,788	$ 82,440
Notes Payable
Debt Instrument [Line Items]
2022	9,878
2023	15,762
2024	24,251
2025	2,091
2026	3,472
Thereafter	12,334
Total	$ 67,788

Long Term Debt - Bank of Americ

Long Term Debt - Bank of America Revolver Loan - Additional Information (Details) - Marquis - Bank of America Revolver Loan - USD ($)	Jul. 06, 2015	Mar. 31, 2021
Debt Instrument [Line Items]
Credit line maximum	$ 25,000,000
Line of credit agreement date		Jul. 6, 2015
Credit line maturity date	Jan. 31, 2025

Long-Term Debt - Summary of Ban

Long-Term Debt - Summary of Bank Revolver (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Bank of America Revolver Loan
Debt Instrument [Line Items]
Cumulative borrowing during the period	$ 62,263	$ 60,479
Cumulative repayment during the period	$ 66,973	55,035
Maximum borrowed during the period		$ 11,347
Weighted average interest for the period	0.00%	3.52%
Total availability	$ 29,207		$ 21,732
Texas Capital Bank Revolver Loan
Debt Instrument [Line Items]
Cumulative borrowing during the period	44,915	$ 35,808
Cumulative repayment during the period	46,544	37,831
Maximum borrowed during the period	$ 8,930	$ 11,798
Weighted average interest for the period	2.38%	4.02%
Total availability	$ 6,514		5,520
Total outstanding	5,486		7,115
Encina Revolver Loans
Debt Instrument [Line Items]
Cumulative borrowing during the period	19,525
Cumulative repayment during the period	22,185
Maximum borrowed during the period	$ 1,100
Weighted average interest for the period	6.50%	0.00%
Total availability	$ 1,606		421
Total outstanding	$ 12,227		$ 14,886

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 ($)	6 Months Ended
	Mar. 31, 2021	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	Mar. 31, 2021	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%
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

Long Term Debt - Precision PPP

Long Term Debt - Precision PPP Loan - Additional Information (Details) - Payroll Protection Program Loan $ in Thousands	1 Months Ended
	Feb. 28, 2021USD ($)
Debt Instrument [Line Items]
Payroll protection program loan forgiven	$ 1,382
Amount owed	$ 0

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Class Of Stock [Line Items]
Repurchase of common stock	33,926	106,567
Payment for repurchase of common stock	$ 383	$ 759
Series E Convertible Preferred Stock
Class Of Stock [Line Items]
Preferred stock, outstanding	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		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Class Of Warrant Or Right [Line Items]
Fair value adjustment of warrants			$ 0	$ 368,000
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	$ 102,000	$ 0	$ 368,000
Series B Convertible Preferred Stock Warrants | Series B Convertible Preferred Stock
Class Of Warrant Or Right [Line Items]
Number of warrants outstanding					118,029
Warrants exercise price					$ 20.80

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 270	$ 19	$ 287	$ 48
Unrecognized compensation expense	$ 55		$ 55
Granted			1,250
Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted				0
2014 Omnibus Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance	300,000		300,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Sep. 30, 2019
Number of Shares
Outstanding, beginning balance	119,168	200,418
Forfeited	0	(81,250)
Outstanding, ending balance	120,418	119,168	200,418
Exercisable	107,168	95,001
Granted	1,250
Exercised	0
Forfeited	0	(81,250)
Outstanding, ending balance	120,418	119,168	200,418
Weighted Average Exercise Price
Outstanding, beginning balance	$ 19.07	$ 16.37
Outstanding, ending balance	19.12	19.07	$ 16.37
Exercisable	16.71	15.50
Outstanding, ending balance	$ 19.12	$ 19.07	$ 16.37
Weighed Average Remaining Contractual Life
Outstanding, ending balance	2 years 10 months 13 days	2 years 8 months 15 days	2 years 4 months 24 days
Exercisable	2 years 2 months 8 days	1 year 6 months 18 days
Outstanding, ending balance	2 years 10 months 13 days	2 years 8 months 15 days	2 years 4 months 24 days
Intrinsic value outstanding balance	$ 564	$ 0	$ 27
Exercisable	$ 564	$ 0

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Exercise Price for Stock Options Outstanding and Exercisable (Details) - $ / shares	Mar. 31, 2021	Sep. 30, 2020	Sep. 30, 2019
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	120,418	119,168	200,418
Option exercise price outstanding	$ 19.12	$ 19.07	$ 16.37
Number of options exercisable	107,168	95,001
Option exercise price exercisable	$ 16.71	$ 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
$23.89
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Number of options outstanding	1,250
Option exercise price outstanding	$ 23.89
$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
Number of options exercisable	4,000
Option exercise price exercisable	$ 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)	6 Months Ended
	Mar. 31, 2021$ / sharesshares
Number of Shares
Outstanding, beginning balance | shares	24,167
Granted | shares	1,250
Vested | shares	(12,167)
Outstanding, ending balance | shares	13,250
Weighted-Average Grant-Date Fair Value
Beginning of period | $ / shares	$ 33.10
Granted | $ / shares	23.89
Vested | $ / shares	26.15
Ending of period | $ / shares	$ 38.62

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Black-Scholes Model Valuation Assumptions for Stock Options Granted (Details)	6 Months Ended
	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions And Methodology [Abstract]
Risk-free interest rate	1.15%
Expected life of the options	6 years
Expected volatility	99.00%
Expected dividend yield	0.00%

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		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Basic
Net income	$ 8,734	$ 1,881	$ 14,147	$ 2,866
Net income applicable to common stock	$ 8,734	$ 1,881	$ 14,147	$ 2,866
Weighted average common shares outstanding	1,555,175	1,752,908	1,534,287	1,779,706
Basic earnings per share	$ 5.62	$ 1.07	$ 9.22	$ 1.61
Diluted
Net income applicable to common stock	$ 8,734	$ 1,881	$ 14,147	$ 2,866
Net income applicable for diluted earnings per share	$ 8,734	$ 1,881	$ 14,147	$ 2,866
Weighted average common shares outstanding	1,555,175	1,752,908	1,534,287	1,779,706
Add: Options	87,168		87,168
Assumed weighted average common shares outstanding	3,284,133	3,462,115	3,263,245	3,488,913
Diluted earnings per share	$ 2.66	$ 0.54	$ 4.34	$ 0.82
Series B Preferred Stock
Diluted
Add: Preferred Stock	1,593,950	1,071,220	1,593,950	1,071,220
Series B Preferred Stock Warrants
Diluted
Add: Preferred Stock		590,147		590,147
Series E Preferred Stock
Diluted
Add: Preferred Stock	47,840	47,840	47,840	47,840

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	3 Months Ended	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	33,250	200,418

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details)	Jul. 10, 2020USD ($)	Apr. 09, 2020USD ($)	Mar. 31, 2021USD ($)ft²shares	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)ft²$ / sharesshares	Mar. 31, 2020USD ($)shares	Sep. 30, 2020USD ($)	Dec. 30, 2017USD ($)	Dec. 31, 2015USD ($)
Related Party Transaction [Line Items]
Lockup experiment expiration date					Dec. 31, 2021
Repurchase of common stock | shares					33,926	106,567
Loan outstanding			$ 67,788,000		$ 67,788,000		$ 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
Note Payable to the Sellers of Vintage Stock
Related Party Transaction [Line Items]
Loan outstanding			$ 8,000,000		$ 8,000,000		10,000,000
Vintage Stock Purchase
Related Party Transaction [Line Items]
Interest rate			8.00%		8.00%
Maturity date					Sep. 23, 2023
Date of acquisition agreement					Nov. 3, 2016
Vintage Stock Purchase | Note Payable to the Sellers of Vintage Stock
Related Party Transaction [Line Items]
Loan outstanding			$ 8,000,000		$ 8,000,000
Series B Convertible Preferred Stock Warrants
Related Party Transaction [Line Items]
Warrants expiration period					2 years
Jon Isaac | Common Stock
Related Party Transaction [Line Items]
Common stock issued | shares					193,677
Repurchase of common stock | shares					25,000
Exercise price of common stock | $ / shares					$ 10
Isaac Capital Group, LLC
Related Party Transaction [Line Items]
Percentage of capital stock outstanding					45.50%
Series B Preferred Stock converted to common stock shares | shares					1,299,510
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 | Series B Convertible Preferred Stock
Related Party Transaction [Line Items]
Convertible preferred stock owned | shares			259,902		259,902
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		2,000,000
JanOne Inc | ApplianceSmart Note
Related Party Transaction [Line Items]
Loan maximum borrowing amount								$ 6,500,000
Interest rate			5.00%		5.00%
Maturity date					Apr. 1, 2021
Loan outstanding			$ 2,826,000		$ 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
JanOne Inc | Rent Income
Related Party Transaction [Line Items]
Rentable square feet of office space | ft²			9,900		9,900
Square feet of total office space | ft²			16,500		16,500
Related party income from rent and other reimbursed expenses			$ 50,000	$ 89,000	$ 88,000	$ 181,000
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]
Percentage of holds interest			41.00%		41.00%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	Aug. 04, 2020	Dec. 12, 2019	Nov. 22, 2019	Oct. 16, 2019	Sep. 12, 2019	Aug. 29, 2019	Aug. 27, 2019	Jul. 22, 2019	Jun. 19, 2019	Mar. 31, 2021	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 | 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
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
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	Mar. 31, 2021	Sep. 30, 2020
Assets
Cash	$ 11,928	$ 8,984
Inventories, net	61,826	64,525
Right of use asset - operating leases	28,378	30,894
Total assets	196,271	197,259
Liabilities:
Notes payable related parties, including current portion	4,000	4,000
Total debtor in possession liabilities	11,842	12,228
Lease obligation long term - operating leases	25,782	28,101
Total liabilities	138,721	153,587
Stockholders' equity:
Intercompany	4,481	4,098
Accumulated deficit	(2,282)	(16,429)
Equity attributable to Live stockholders	57,991	43,940
Total liabilities and stockholders' equity	196,271	$ 197,259
ApplianceSmart Inc
Assets
Cash	19
Inventories, net	181
Total debtor in possession assets	200
Right of use asset - operating leases	665
Other	13
Total assets	878
Liabilities:
Accounts payable	5,879
Accrued liabilities	3,137
Notes payable related parties, including current portion	2,826
Total debtor in possession liabilities	11,842
Accounts payable	136
Accrued liabilities	706
Lease obligation long term - operating leases	691
Crossroads Financial Revolver Loan	618
Taxes payable	904
Total liabilities	14,897
Stockholders' equity:
Intercompany	1,555
Accumulated deficit	(15,574)
Equity attributable to Live stockholders	(14,019)
Total liabilities and stockholders' equity	$ 878

Commitments and Contingencies_3

Commitments and Contingencies - Summary of Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Loss Contingencies [Line Items]
Revenues	$ 70,890	$ 46,431	$ 133,344	$ 88,432
Cost of revenues	44,400	28,655	84,585	54,030
Gross profit	26,490	17,776	48,759	34,402
Operating expenses:
General and administrative expenses	12,565	11,701	24,844	22,510
Total operating expenses	15,365	14,708	30,343	27,847
Operating income	(11,125)	(3,068)	(18,416)	(6,555)
Other (expense) income:
Interest expense, net	(1,649)	(1,270)	(3,119)	(2,627)
Other income (expense)	79	(125)	858	(306)
Total other (expense) income, net	798	(558)	236	(2,710)
Income before provision for income taxes	$ 11,923	$ 2,510	18,652	$ 3,845
ApplianceSmart Inc
Loss Contingencies [Line Items]
Revenues			648
Cost of revenues			360
Gross profit			288
Operating expenses:
General and administrative expenses			408
Total operating expenses			408
Operating income			(120)
Other (expense) income:
Interest expense, net			(83)
Accounts payable settlement			44
Other income (expense)			279
Total other (expense) income, net			240
Income before provision for income taxes			$ 120

Commitments and Contingencies_4

Commitments and Contingencies - Summary of Warranty Reserve Activity (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2021USD ($)
Commitments And Contingencies Disclosure [Abstract]
Beginning balance, September 30, 2020	$ 206
Warranties issued/accrued	0
Warranty settlements	(35)
Ending balance, March 31, 2021	$ 171

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Mar. 31, 2021Segment
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		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 70,890	$ 46,431	$ 133,344	$ 88,432
Gross profit	26,490	17,776	48,759	34,402
Operating income (loss)	11,125	3,068	18,416	6,555
Depreciation and amortization	1,706	1,392	3,420	2,477
Interest expenses	1,649	1,270	3,119	2,627
Net income (loss) before provision for income taxes	11,923	2,510	18,652	3,845
Retail
Segment Reporting Information [Line Items]
Revenues	24,003	18,986	46,373	40,474
Gross profit	12,970	10,330	25,017	21,455
Operating income (loss)	5,071	1,331	9,564	3,195
Depreciation and amortization	391	479	738	949
Interest expenses	582	815	1,242	1,764
Net income (loss) before provision for income taxes	4,485	1,205	8,658	1,450
Flooring Manufacturing
Segment Reporting Information [Line Items]
Revenues	32,972	27,301	63,194	47,668
Gross profit	10,022	7,313	18,347	12,676
Operating income (loss)	6,011	2,703	10,161	5,101
Depreciation and amortization	907	887	1,872	1,492
Interest expenses	648	440	1,058	830
Net income (loss) before provision for income taxes	5,171	2,111	8,893	3,991
Steel Manufacturing
Segment Reporting Information [Line Items]
Revenues	13,793	0	23,528	0
Gross profit	3,380	0	5,156	0
Operating income (loss)	1,742	0	1,886	0
Depreciation and amortization	396	0	789	0
Interest expenses	288	0	556	0
Net income (loss) before provision for income taxes	2,460	0	2,296	0
Corporate & Other
Segment Reporting Information [Line Items]
Revenues	122	144	249	290
Gross profit	118	133	239	271
Operating income (loss)	(1,699)	(966)	(3,195)	(1,741)
Depreciation and amortization	11	27	20	37
Interest expenses	131	15	263	33
Net income (loss) before provision for income taxes	$ (193)	$ (806)	$ (1,195)	$ (1,596)