LIVE VENTURES Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>LIVE VENTURES Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024.</b>

AI Summary

LIVE VENTURES Inc (LIVE) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. LIVE VENTURES Inc. filed a 10-Q report on May 14, 2024, for the period ending March 31, 2024. The company's fiscal year ends on September 30. LIVE VENTURES Inc. is incorporated in Nevada. The company's business and mailing address is 325 East Warm Springs Road, Suite 102, Las Vegas, NV 89119. The SIC code for the company is 5900 (RETAIL-MISCELLANEOUS RETAIL).

Why It Matters

For investors and stakeholders tracking LIVE VENTURES Inc, this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status during the specified quarter. Understanding the details within this 10-Q is crucial for assessing LIVE VENTURES Inc.'s current financial health and future prospects.

Risk Assessment

Risk Level: low — LIVE VENTURES Inc shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate red flags or significant new information that would alter the risk profile.

Analyst Insight

Review the detailed financial statements and any new disclosures in the 10-Q to understand LIVE VENTURES Inc.'s performance and identify potential investment opportunities or risks.

Key Numbers

• 2024-03-31 — Period End Date (The 10-Q covers the period ending on this date.)
• 2024-05-14 — Filing Date (The date the 10-Q was filed with the SEC.)
• 0930 — Fiscal Year End (LIVE VENTURES Inc.'s fiscal year concludes on this date.)

Key Players & Entities

• LIVE VENTURES Inc. (company) — Filer of the 10-Q report.
• 2024-03-31 (date) — End of the reporting period for the 10-Q.
• 2024-05-14 (date) — Filing date of the 10-Q.
• Nevada (location) — State of incorporation for LIVE VENTURES Inc.
• 325 East Warm Springs Road, Suite 102, Las Vegas, NV 89119 (address) — Business and mailing address of LIVE VENTURES Inc.
• 5900 (other) — Standard Industrial Classification code for RETAIL-MISCELLANEOUS RETAIL.

FAQ

Industry Context

LIVE VENTURES Inc. operates in the Miscellaneous Retail sector, which involves the sale of a wide variety of goods not elsewhere classified.

Regulatory Implications

The company is subject to standard SEC reporting requirements for publicly traded companies, including the filing of quarterly (10-Q) and annual (10-K) reports.

What Investors Should Do

1. Analyze the financial statements within the 10-Q for revenue, net income, and cash flow trends.
2. Review any Management's Discussion and Analysis (MD&A) section for insights into operational performance and future outlook.
3. Check for any new risk factors or legal proceedings disclosed in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — The end date for the financial reporting period covered by the 10-Q.
• 2024-05-14: Filing Date — The date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing analyzed for the period ending March 31, 2024. Previous filings would need to be compared for year-over-year or sequential changes.

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share LIVE The Nasdaq Sto
• $000 — as $ 1.8 million, as detailed below (in $000's): Cash $ 1,034 Additional consider

Filing Documents

• live-20240331.htm (10-Q) — 1576KB
• ex10130_thirdamendmenttoic.htm (EX-10.130) — 14KB
• ex10131_spriggsloanmodific.htm (EX-10.131) — 38KB
• ex10132_livejanonefirstame.htm (EX-10.132) — 101KB
• ex10133_liveventuresnotepu.htm (EX-10.133) — 87KB
• live-20240331xexx311.htm (EX-31.1) — 10KB
• live-20240331xexx312.htm (EX-31.2) — 10KB
• live-20240331xexx321.htm (EX-32.1) — 6KB
• live-20240331xexx322.htm (EX-32.2) — 6KB
• image_1.jpg (GRAPHIC) — 0KB
• image_2a.jpg (GRAPHIC) — 0KB
• image_3a.jpg (GRAPHIC) — 0KB
• 0001628280-24-023108.txt (&nbsp;) — 9729KB
• live-20240331.xsd (EX-101.SCH) — 68KB
• live-20240331_cal.xml (EX-101.CAL) — 107KB
• live-20240331_def.xml (EX-101.DEF) — 452KB
• live-20240331_lab.xml (EX-101.LAB) — 682KB
• live-20240331_pre.xml (EX-101.PRE) — 597KB
• live-20240331_htm.xml (XML) — 1401KB

Financial Statements

Financial Statements 3 Condensed Consolidated Balance Sheets as of March 31, 202 4 (Unaudited) and September 30, 2023 3 Condensed Consolidated Statements of (Loss) Income (Unaudited) for the Three Months and Six Months Ended March 31, 202 4 and 202 3 4 Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended March 31, 202 4 and 202 3 5 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) for the Three an d Six Months Ended March 31, 202 4 and 202 3 6 Notes to the Condensed Consolidated Financial Statements (Unaudited) 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 39 Item 4.

Controls and Procedures

Controls and Procedures 40 PART II OTHER INFORMATION 41 Item 1.

Legal Proceedings

Legal Proceedings 41 Item 1A.

Risk Factors

Risk Factors 41 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41 Item 3. Defaults upon Senior Securities 41 Item 4. Mine Safety Disclosures 41 Item 5. Other Information 41 Item 6. Exhibits 42

SIGNATURES

SIGNATURES 44 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements LIVE VENTURES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per-share amounts) March 31, 2024 September 30, 2023 (Unaudited) Assets Cash $ 4,489 $ 4,309 Trade receivables, net of allowance for doubtful accounts of $ 1.1 million at March 31, 2024 and $ 1.6 million at September 30, 2023 45,510 41,194 Inventories, net 130,980 131,314 Income taxes receivable — 1,116 Prepaid expenses and other current assets 4,430 4,919 Total current assets 185,409 182,852 Property and equipment, net 78,432 80,703 Right of use asset - operating leases 64,867 54,544 Deposits and other assets 1,579 1,282 Intangible assets, net 26,942 26,568 Goodwill 76,639 75,866 Total assets $ 433,868 $ 421,815 Liabilities and Stockholders' Equity Liabilities: Accounts payable $ 26,466 $ 27,190 Accrued liabilities 33,180 31,826 Income taxes payable 322 — Current portion of lease obligations - operating leases 13,459 11,369 Current portion of lease obligations - finance leases 361 359 Current portion of long-term debt 31,396 23,077 Current portion of notes payable related parties 1,200 4,000 Total current liabilities 106,384 97,821 Long-term debt, net of current portion 75,322 78,710 Lease obligation long term - operating leases 56,678 48,156 Lease obligation long term - finance leases 33,023 32,942 Notes payable related parties, net of current portion 10,124 6,914 Seller notes - related parties 40,354 38,998 Deferred taxes 10,320 14,035 Other non-current obligations 5,795 4,104 Total liabilities 338,000 321,680 Commitments and contingencies Stockholders' equity: Series E convertible preferred stock, $ 0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at March 31, 2024 and September 30, 2023, respectively, with a liquidation preference of $ 0.30 per share outstanding — — Common stock, $ 0.001 par value, 10,000,000 shares authorized, 3,148,135 and 3,164,330 shares issu

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View this 10-Q filing on SEC EDGAR