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Live Ventures Inc – ‘10-K’ for 9/30/15 – ‘R10’

On:  Wednesday, 1/13/16, at 5:02pm ET   ·   For:  9/30/15   ·   Accession #:  1019687-16-4810   ·   File #:  1-33937

Previous ‘10-K’:  ‘10-K/A’ on 1/28/15 for 9/30/14   ·   Next:  ‘10-K’ on 12/29/16 for 9/30/16   ·   Latest:  ‘10-K’ on 12/22/23 for 9/30/23   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/13/16  Live Ventures Inc                 10-K        9/30/15   90:7.3M                                   Publicease Inc/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    687K 
 2: EX-10.15    Purchase Agreement                                  HTML    305K 
 3: EX-10.16    Loan and Security Agreement                         HTML    366K 
 4: EX-10.17    Subordinate Agreement                               HTML    287K 
 5: EX-10.18    Lease Agreement                                     HTML     65K 
 6: EX-23.1     Consent of Experts or Counsel                       HTML     24K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 9: EX-32       Certification -- §906 - SOA'02                      HTML     24K 
16: R1          Document and Entity Information                     HTML     52K 
17: R2          Consolidated Balance Sheets                         HTML    109K 
18: R3          Consolidated Balance Sheets (Parenthetical)         HTML     47K 
19: R4          Consolidated Statements of Operations               HTML     77K 
20: R5          Consolidated Statements of Changes in               HTML     83K 
                Stockholders' Equity                                             
21: R6          Consolidated Statements of Cash Flows               HTML    134K 
22: R7          1. Organization and Basis of Presentation           HTML     34K 
23: R8          2. Summary of Significant Accounting Policies       HTML    108K 
24: R9          3. Balance Sheet Information                        HTML     67K 
25: R10         4. Intangible Assets                                HTML     35K 
26: R11         5. Derivative Liability                             HTML     38K 
27: R12         6. Notes Payable                                    HTML     65K 
28: R13         7. Note Payable, Related Party                      HTML     26K 
29: R14         8. Equity                                           HTML     46K 
30: R15         9. Warrants                                         HTML     58K 
31: R16         10. Stock-based Compensation                        HTML     74K 
32: R17         11. Net Loss Per Share                              HTML     42K 
33: R18         12. Related Party Transactions                      HTML     31K 
34: R19         13. Commitments and Contingencies                   HTML     37K 
35: R20         14. Provision for Income Taxes                      HTML     64K 
36: R21         15. Concentration of Credit Risk                    HTML     32K 
37: R22         16. Business Combinations                           HTML     48K 
38: R23         17. Segment Reporting                               HTML     73K 
39: R24         18. Subsequent Events                               HTML     29K 
40: R25         2. Summary of Significant Accounting Policies       HTML    179K 
                (Policies)                                                       
41: R26         2. Summary of Significant Accounting Policies       HTML     56K 
                (Tables)                                                         
42: R27         3. Balance Sheet Information (Tables)               HTML     79K 
43: R28         4. Intangible Assets (Tables)                       HTML     30K 
44: R29         5. Derivative Liability (Tables)                    HTML     36K 
45: R30         6. Notes Payable (Tables)                           HTML     49K 
46: R31         9. Warrants (Tables)                                HTML     54K 
47: R32         10. Stock-based Compensation (Tables)               HTML     73K 
48: R33         11. Net Loss Per Share (Tables)                     HTML     41K 
49: R34         13. Commitments and Contingencies (Tables)          HTML     30K 
50: R35         14. Provision for Income Taxes (Tables)             HTML     63K 
51: R36         16. Business Combination (Tables)                   HTML     38K 
52: R37         17. Segment Reporting (Tables)                      HTML     68K 
53: R38         1. Organization and Basis of Presentation (Details  HTML     39K 
                Narrative)                                                       
54: R39         2. Summary of Significant Accounting Policies       HTML     55K 
                (Details - List of subsidiaries)                                 
55: R40         2. Summary of Significant Accounting Policies       HTML     39K 
                (Details - Fair value)                                           
56: R41         2. Summary of Significant Accounting Policies       HTML     52K 
                (Details Narrative)                                              
57: R42         3. Balance Sheet Information (Details)              HTML    128K 
58: R43         4. Intangible Assets (Details)                      HTML     41K 
59: R44         4. Intangible Assets (Details Narrative)            HTML     46K 
60: R45         5. Derivative Liability (Details - Assumptions for  HTML     34K 
                fair value)                                                      
61: R46         5. Derivative Liability (Details - Rollfoward)      HTML     33K 
62: R47         6. Notes Payable (Details)                          HTML     44K 
63: R48         6. Notes Payable (Details - Future maturities of    HTML     43K 
                debt)                                                            
64: R49         6. Notes Payable (Details Narrative)                HTML     65K 
65: R50         7. Note Payable, Related Party (Details Narrative)  HTML     34K 
66: R51         8. Equity (Details Narrative)                       HTML     72K 
67: R52         9. Warrants (Details - Warrants Outstanding)        HTML     56K 
68: R53         9. Warrants (Details - Exercise price)              HTML     44K 
69: R54         10. Stock-based Compensation (Details - Option      HTML     56K 
                activity)                                                        
70: R55         10. Stock-based Compensatin (Details - Option       HTML     54K 
                price)                                                           
71: R56         10. Stock-based Compensation (Details - Non         HTML     41K 
                vested)                                                          
72: R57         10. Stock-based Compensation (Details -             HTML     36K 
                Assumptions)                                                     
73: R58         10. Stock-based Compensation (Details Narrative)    HTML     32K 
74: R59         11. Net Loss Per Share (Details - Computation of    HTML     38K 
                loss per share)                                                  
75: R60         11. Net Loss Per Share (Details - Antidilutive      HTML     39K 
                securities)                                                      
76: R61         12. Related Party Transactions (Details Narrative)  HTML     29K 
77: R62         13. Commitments and Contingencies (Details -        HTML     40K 
                Operating lease)                                                 
78: R63         13. Commitments and Contingencies (Details          HTML     30K 
                Narrative)                                                       
79: R64         14. Provision for Income Taxes (Details - Income    HTML     50K 
                tax expense)                                                     
80: R65         14. Provision for Income Taxes (Details -           HTML     60K 
                reconciliation)                                                  
81: R66         14. Provision for Income Taxes (Details - Deferred  HTML     62K 
                tax assets)                                                      
82: R67         14. Provision for Income Taxes (Details Narrative)  HTML     32K 
83: R68         15. Concentration of Credit Risk (Details           HTML     26K 
                Narrative)                                                       
84: R69         16. Business Combinations (Details - Purchase       HTML     50K 
                allocation)                                                      
85: R70         16. Business Combinations (Details - Proforma)      HTML     35K 
86: R71         16. Business Combinations (Details Narrative)       HTML     26K 
87: R72         17. Segment Reporting (Details)                     HTML     59K 
89: XML         IDEA XML File -- Filing Summary                      XML    159K 
88: EXCEL       IDEA Workbook of Financial Reports                  XLSX     93K 
10: EX-101.INS  XBRL Instance -- live-20150930                       XML   1.57M 
12: EX-101.CAL  XBRL Calculations -- live-20150930_cal               XML    234K 
13: EX-101.DEF  XBRL Definitions -- live-20150930_def                XML    481K 
14: EX-101.LAB  XBRL Labels -- live-20150930_lab                     XML   1.12M 
15: EX-101.PRE  XBRL Presentations -- live-20150930_pre              XML    886K 
11: EX-101.SCH  XBRL Schema -- live-20150930                         XSD    167K 
90: ZIP         XBRL Zipped Folder -- 0001019687-16-004810-xbrl      Zip    151K

‘R10’   —   4. Intangible Assets

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.3.1.900
4. Intangible Assets
 12 Months Ended
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

The Company’s intangible assets consist of licenses for the use of Internet domain names, Universal Resource Locators, or URLs, capitalized website development costs, other information technology licenses, software, a covenant not to compete, and marketing and technology related intangibles acquired through the acquisition of LiveDeal, Inc. As a result of the acquisition of Modern Everyday Inc., the Company recorded goodwill of $1,169,904. In addition as a result of the acquisition of Marquis Industries, Inc., the Company recorded goodwill of $800,000. All such assets are capitalized at their original cost and amortized over their estimated useful lives as follows: domain name and marketing - 3 to 20 years; website and technology - 3 to 5 years; software - 5 years, and covenant not to compete – 4 years. Goodwill is not amortized, but evaluated for impairment on at least an annual basis.

 

During the year ended September 30, 2015, the Company purchased software for $1,500,000. The Company has the option to pay for the software in cash or in 800,000 shares of the Company’s common stock. The Company has until June 30, 2016 to pay for the software either in cash or common stock. At September 30, 2015, the Company had not made any payments towards the purchase of this software and has reflected the $1,500,000 purchase price for the software in accrued liabilities in the accompanying condensed consolidated balance sheet.

 

During the year ended September 30, 2015, the Company determined that certain its long-lived intangible assets and goodwill were impaired and took a charge to earnings of $2,543,568 and $1,169,904, respectively.

 

The following summarizes estimated future amortization expense related to intangible assets that have net balances as of September 30, 2015:

 

 2016   $230,471 
 2017    216,721 
 2018    214,286 
 2019    214,286 
 2020    214,286 
 Thereafter    426,880 
     $1,516,930 

 

Total amortization expense related to intangible assets was $575,532 and $441,978 for the years ended September 30, 2015 and 2014, respectively.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
6/30/1610-Q
Filed on:1/13/16
For Period end:9/30/15NT 10-K
9/30/1410-K,  10-K/A
 List all Filings 

5 Subsequent Filings that Reference this Filing

  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
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Filing Submission 0001019687-16-004810   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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