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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/13/20 Live Ventures Inc 10-Q 12/31/19 92:11M ActiveDisclosure/FA |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 732K
2: EX-10.3 Material Contract HTML 34K
3: EX-10.4 Material Contract HTML 603K
4: EX-10.5 Material Contract HTML 48K
5: EX-31.1 Certification -- §302 - SOA'02 HTML 34K
6: EX-31.2 Certification -- §302 - SOA'02 HTML 34K
7: EX-32.1 Certification -- §906 - SOA'02 HTML 30K
8: EX-32.2 Certification -- §906 - SOA'02 HTML 29K
41: R1 Document and Entity Information HTML 82K
89: R2 Consolidated Balance Sheets (Unaudited) HTML 131K
64: R3 Consolidated Balance Sheets (Unaudited) HTML 61K
(Parenthetical)
28: R4 Consolidated Statements of Income (Unaudited) HTML 93K
43: R5 Consolidated Statements of Cash Flows (Unaudited) HTML 126K
90: R6 Consolidated Statements of Changes in HTML 53K
Stockholders' Equity (Unaudited)
65: R7 Background and Basis of Presentation HTML 35K
30: R8 Summary of Significant Accounting Policies HTML 80K
40: R9 Leases HTML 61K
31: R10 Balance Sheet Detail Information HTML 198K
39: R11 Intangibles HTML 43K
92: R12 Long Term Debt HTML 259K
63: R13 Notes Payable, Related Parties HTML 71K
29: R14 Stockholders' Equity HTML 31K
38: R15 Warrants HTML 104K
91: R16 Stock-Based Compensation HTML 171K
62: R17 Earnings Per Share HTML 102K
27: R18 Related Party Transactions HTML 36K
42: R19 Commitments and Contingencies HTML 55K
75: R20 Income Taxes HTML 30K
68: R21 Segment Reporting HTML 156K
16: R22 Subsequent Events HTML 45K
48: R23 Summary of Significant Accounting Policies HTML 144K
(Policies)
74: R24 Leases (Tables) HTML 58K
67: R25 Balance Sheet Detail Information (Tables) HTML 197K
15: R26 Intangibles (Tables) HTML 42K
47: R27 Long-Term Debt (Tables) HTML 233K
76: R28 Notes Payable, Related Parties (Tables) HTML 66K
66: R29 Warrants (Tables) HTML 108K
58: R30 Stock-Based Compensation (Tables) HTML 173K
87: R31 Earnings Per Share (Tables) HTML 100K
45: R32 Commitments and Contingencies (Tables) HTML 37K
32: R33 Segment Reporting (Tables) HTML 153K
59: R34 Background and Basis of Presentation - Additional HTML 28K
Information (Details)
88: R35 Summary of Significant Accounting Policies - HTML 101K
Additional Information (Details)
46: R36 Leases - Additional Information (Details) HTML 38K
33: R37 Leases - Schedule of Right of Use Assets and Lease HTML 32K
Liabilities (Details)
61: R38 Leases - Schedule of Present Value of Future Lease HTML 45K
Payments (Details)
86: R39 Balance Sheet Detail Information - Schedule of HTML 146K
Balance Sheet Detail Information (Details)
71: R40 Intangibles - Future Amortization Expense Related HTML 41K
to Intangible Assets (Details)
80: R41 Long Term Debt - Bank of America Revolver Loan - HTML 90K
Additional Information (Details)
49: R42 Long-Term Debt - Schedule of Fixed Coverage Ratio HTML 52K
(Details)
17: R43 Long-Term Debt - Summary of Bank Revolver HTML 49K
(Details)
72: R44 Long Term Debt - Real Estate Transaction - HTML 50K
Additional Information (Details)
81: R45 Long Term Debt - Kingston Diversified Holdings LLC HTML 41K
Agreement - Additional Information (Details)
50: R46 Long Term Debt - Equipment Loans - Additional HTML 60K
Information (Details)
18: R47 Long Term Debt - Texas Capital Bank Revolver Loan HTML 67K
- Additional Information (Details)
73: R48 Long Term Debt - Sellers Subordinated Acquisition HTML 39K
Note - Additional Information (Details)
79: R49 Long Term Debt - Crossroads Revolver - Additional HTML 73K
Information (Details)
84: R50 Long Term Debt - Comvest Term Loan - Additional HTML 103K
Information (Details)
57: R51 Long-Term Debt - Summary of Maximum Senior HTML 49K
Leverage Ratio Required to Maintain for Vintage
Stock (Details)
23: R52 Long-Term Debt - Summary of Minimum Fixed Charge HTML 34K
Ratio Required to Maintain for Vintage Stock
(Details)
35: R53 Long Term Debt - Schedule of Long-term Debt HTML 70K
(Details)
83: R54 Long Term Debt - Schedule of Future Maturities of HTML 49K
Long-term Debt (Details)
56: R55 Notes Payable, Related Parties - Additional HTML 52K
Information (Details)
22: R56 Notes Payable, Related Parties - Schedule of Notes HTML 41K
Payable Related Parties (Details)
34: R57 Notes Payable, Related Parties - Schedule of HTML 50K
Future Maturities of Notes (Details)
85: R58 Stockholders' Equity - Additional Information HTML 41K
(Details)
55: R59 Warrants - Additional Information (Details) HTML 35K
21: R60 Warrants - Summary of Warrant Activity (Details) HTML 37K
52: R61 Warrants - Summary of Information Assuming HTML 36K
Warrants are Exercised and Exchanged for Common
Shares (Details)
78: R62 Warrants - Summary of Warrants Outstanding and HTML 49K
Exercisable (Details)
70: R63 Stock-Based Compensation - Additional Information HTML 36K
(Details)
20: R64 Stock-Based Compensation - Summary of Stock Option HTML 56K
Activity (Details)
51: R65 Stock-Based Compensation - Summary of Exercise HTML 78K
Price for Stock Options Outstanding and
Exercisable (Details)
77: R66 Stock-Based Compensation - Summary of Non-Vested HTML 40K
Shares (Details)
69: R67 Earnings Per Share - Computation of Basic and HTML 68K
Diluted Net Earnings Per Share (Details)
19: R68 Earnings Per Share - Additional Information HTML 29K
(Details)
53: R69 Related Party Transactions - Additional HTML 91K
Information (Details)
36: R70 Commitments and Contingencies - Additional HTML 91K
Information (Details)
24: R71 Commitments and Contingencies - Summary of HTML 33K
Warranty Reserve Activity (Details)
54: R72 Income Taxes - Additional Information (Details) HTML 50K
82: R73 Segment Reporting - Additional Information HTML 28K
(Details)
37: R74 Segment Reporting - Summary of Segment Information HTML 55K
(Details)
25: R75 Subsequent Events - Additional Information HTML 100K
(Details)
60: XML IDEA XML File -- Filing Summary XML 165K
44: EXCEL IDEA Workbook of Financial Reports XLSX 106K
9: EX-101.INS XBRL Instance -- live-20191231 XML 3.14M
11: EX-101.CAL XBRL Calculations -- live-20191231_cal XML 219K
12: EX-101.DEF XBRL Definitions -- live-20191231_def XML 994K
13: EX-101.LAB XBRL Labels -- live-20191231_lab XML 1.57M
14: EX-101.PRE XBRL Presentations -- live-20191231_pre XML 1.36M
10: EX-101.SCH XBRL Schema -- live-20191231 XSD 251K
26: ZIP XBRL Zipped Folder -- 0001564590-20-016396-xbrl Zip 208K
Exhibit 10.3
UNSECURED REVOLVING LINE OF CREDIT PROMISSORY NOTE
For value received, Live Ventures Incorporated, a Nevada corporation (“Borrower”), hereby promises to pay to the order of Isaac Capital Group, LLC (“Lender”), at such address as the Lender may designate, the principal sum of $1,000,000, or the aggregate unpaid principal amount of all advances made by the Lender to the Borrower hereunder, whichever is less, in lawful money of the United States of America. During the period from the date hereof until April 8, 2023 (the “Maturity Date”), within two business days of a written request (including by e-mail) from Borrower, Lender shall make advances (“Advances”) hereunder and the Borrower may borrow, repay, and reborrow; provided, however, that the aggregate amount of all advances at any one time outstanding shall not exceed the face amount of this Unsecured Revolving Line of Credit Promissory Note (this “Note”); and provided, further, that the Lender’s obligation to make advances and the Borrower’s right to borrow, repay, and reborrow are subject to the terms, conditions and limitations contained in this Note. If any advances are made during the period from the date hereof until the Maturity Date, the outstanding principal balance of all advances hereunder plus accrued but unpaid interest thereon, and all other indebtedness under this Note, if not sooner paid, shall be due and payable on the Maturity Date.
The outstanding principal of all Advances hereunder will bear interest at 10.0% per annum. Interest on the outstanding principal of all Advances shall be payable at the rate set forth above and shall be payable in arrears on the last day of each month commencing May 31, 2020 and on the Maturity Date. Interest shall be computed on the basis of a 360-day year and actual days elapsed. Upon default or after judgment has been rendered on this Note, the unpaid principal of all Advances shall, at the option of the Lender, bear interest at a rate which is 3.0% points per annum greater than that which would otherwise be applicable.
All payments hereunder shall be applied first to the payment of interest on the unpaid principal of all Advances outstanding under this Note, and then to the balance on account of the principal of all Advances due under this Note.
If at any time, the rate of interest, together with all amounts which constitute interest and which are reserved, charged or taken by Lender as compensation for fees, services, or expenses incidental to the making, negotiating, or collection of any Advance evidenced hereby, shall be deemed by any competent court of law, governmental agency, or tribunal to exceed the maximum of rate of interest permitted to be charged by Lender to Borrower, then, during such time as such rate of interest would be deemed excessive, that portion of each sum paid attributable to that portion of such interest rate that exceeds the maximum rate of interest so permitted shall be deemed a voluntary prepayment of principal.
The Borrower may prepay this Note, in whole or in part, at any time, without penalty or premium.
The Borrower agrees to pay all taxes levied or assessed upon the outstanding principal against
any holder of this Note and to pay all reasonable costs, including attorneys’ fees, costs relating to the appraisal and/or valuation of assets and all other costs and expenses incurred in the collection, protection, defense, preservation, or enforcement of this Note or any endorsement of this Note or in any litigation arising out of the transactions of which this Note or any endorsement of this Note is a part.
THE LENDER AND THE BORROWER IRREVOCABLY WAIVE ALL RIGHT TO A TRIAL BY JURY IN ANY PROCEEDING HEREAFTER INSTITUTED BY OR AGAINST THE LENDER OR THE BORROWER IN RESPECT OF THIS NOTE OR ARISING OUT OF ANY DOCUMENT, INSTRUMENT OR AGREEMENT EVIDENCING, GOVERNING OR SECURING THIS NOTE, INCLUDING THE AFORESAID AGREEMENT.
Borrower hereby waives diligence, demand, presentment for payment, notice of nonpayment, protest and notice of protest, and notice of any renewals or extensions of this Note, and all rights under any statute of limitations, and agrees that the time for payment of this Note may be changed and extended at the Lender’s sole discretion, without impairing the Borrower’s liability hereon, and further consents to the release of all or any part of the security for the payment hereof at the discretion of the Lender. Any delay on the part of the Lender in exercising any right hereunder shall not operate as a waiver of any such right, and any waiver granted for one occasion shall not operate as a waiver in the event of any subsequent default.
The making of an Advance at any time shall not be deemed a waiver of, or consent, agreement or commitment by the Lender to the making of any future Advance to the Borrower.
If any provision of this Note shall, to any extent, be held invalid or unenforceable, then only such provision shall be deemed ineffective and the remainder of this Note shall not be affected.
This Note shall bind the successors and assigns of the Borrower and shall inure to the benefit of the Lender, its successors and assigns.
This Note shall be governed by and construed in accordance with the laws of the State of Nevada.
(Remainder of this page intentionally left blank; signatures begin on the next page.)
Borrower:
LIVE VENTURES INCORPORATED
By: __/s/ Virland A. Johnson_____________
Name: Virland A. Johnson
Title: Chief Financial Officer
Lender:
ISAAC CAPITAL GROUP, LLC
By: _/s/ Jon Isaac_______________________
Name: Jon Isaac
Title: President and Chief Executive Officer
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 4/8/23 | ||||
| 5/31/20 | ||||
| Filed on: | 4/13/20 | |||
| 4/9/20 | ||||
| For Period end: | 12/31/19 | 10-Q/A, NT 10-K, NT 10-Q | ||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/22/23 Live Ventures Inc. 10-K 9/30/23 126:14M Workiva Inc Wde… FA01/FA 12/16/22 Live Ventures Inc. 10-K 9/30/22 124:21M Donnelley … Solutions/FA 12/28/21 Live Ventures Inc. 10-K 9/30/21 122:21M Donnelley … Solutions/FA 1/13/21 Live Ventures Inc. 10-K 9/30/20 117:17M ActiveDisclosure/FA 8/27/20 Live Ventures Inc. 1-A 6:464K GlobalOne Filings Inc/FA |