Live Ventures (LIVE) 10-Q11 May 222022 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Mar. 31, 2022	May 06, 2022
Cover [Abstract]
Entity Registrant Name	Live Ventures Inc
Entity Central Index Key	0001045742
Document Type	10-Q
Document Period End Date	Mar. 31, 2022
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 Common Stock, Shares Outstanding		3,095,616
Entity Interactive Data Current	Yes
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
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, 2022	Dec. 31, 2021	Sep. 30, 2021
Assets
Cash	$ 6,190		$ 4,664
Trade receivables, net of allowance for doubtful accounts of $61 at December 31, 2021 and September 30, 2021	22,204		21,559
Inventories, net of reserves of approximately $1.9 million at December 31, 2021, and approximately $1.8 million at September 30, 2021	79,364		70,747
Prepaid expenses and other current assets	2,064		1,640
Debtor in possession assets			180
Total current assets	109,822		98,790
Property and equipment, net of accumulated depreciation of approximately $21.8 million at December 31, 2021, and approximately $20.6 million at September 30, 2021	40,585		35,632
Right of use asset - operating leases	28,415		30,466
Deposits and other assets	798		682
Intangible assets, net of accumulated amortization of approximately $2.5 million at December 31, 2021 and approximately $2.2 million at September 30, 2021	4,201		4,697
Goodwill	41,471		41,471
Total assets	225,292		211,738
Liabilities:
Accounts payable	14,597		10,644
Accrued liabilities	12,117		17,048
Income taxes payable	728		876
Current portion of lease obligations - operating leases	7,311		7,202
Current portion of long-term debt	20,032		16,055
Current portion of notes payable related parties	2,000		2,000
Debtor-in-possession liabilities			11,135
Total current liabilities	56,785		64,960
Long-term debt, net of current portion	39,359		37,559
Lease obligation - operating leases	27,158		29,343
Notes payable related parties, net of current portion	2,000		2,000
Deferred taxes	5,053		2,796
Total liabilities	130,355		136,658
Commitments and contingencies
Stockholders' equity:
Common stock, $0.001 par value, 10,000,000 shares authorized, 1,582,334 and 1,582,334 shares issued and outstanding at December 31, 2021 and September 30, 2021, respectively	2		2
Paid in capital	65,321		65,284
Treasury stock common 534,520 shares as of December 31, 2021 and September 30, 2021, respectively	(6,603)		(4,519)
Treasury stock Series E preferred 50,000 shares as of December 31, 2021 and of September 30, 2021, respectively	(7)		(7)
Retained earnings	36,672		14,768
Equity attributable to Live stockholders	95,385		75,528
Non-controlling interest	(448)		(448)
Total stockholders' equity	94,937	$ 81,644	75,080
Total liabilities and stockholders' equity/deficit	225,292		211,738
Series B Convertible Preferred Stock
Stockholders' equity:
Preferred stock		$ 0	0
Series E Convertible Preferred Stock
Stockholders' equity:
Preferred stock	$ 0		$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Stockholders' equity:
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	3,095,616	1,582,334
Common stock, shares outstanding	3,095,616	1,582,334
Treasury stock, shares	600,188	534,520
Intangible assets, net of accumulated amortization	$ 2,700	$ 2,200
Property and equipment, net of accumulated depreciation	23,100	20,600
Inventories, net of reserves	1,700	1,800
Trade receivables, net of allowance for doubtful account	$ 34,000	$ 61,000
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	0	315,790
Preferred stock, outstanding	0	315,790
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
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, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Revenues	$ 69,706	$ 70,890	$ 144,864	$ 133,344
Cost of revenues	44,753	44,400	92,295	84,585
Gross profit	24,953	26,490	52,569	48,759
Operating expenses:
General and administrative expenses	13,154	12,565	27,311	24,844
Sales and marketing expenses	3,350	2,800	6,402	5,499
Total operating expenses	16,504	15,365	33,713	30,343
Operating income	8,449	11,125	18,856	18,416
Other (expense) income:
Interest expense, net	(858)	(1,649)	(1,875)	(3,119)
Gain on Payroll Protection Program loan forgiveness	0	1,382	0	1,382
Loss on debt extinguishment	(363)	0	(363)	0
Loss on disposal of fixed assets	(1)	0	(1)	0
Gain on bankruptcy settlement	11,362	1,115	11,352	1,115
Other income	292	(50)	418	858
Total other expense, net	10,432	798	9,531	236
Income before provision for income taxes	18,881	11,923	28,387	18,652
Provision for income taxes	3,523	3,228	6,483	4,678
Net income	15,358	8,695	21,904	13,974
Net Income attributable to non-controlling interest		39		173
Net income attributable to Live stockholders	$ 15,358	$ 8,734	$ 21,904	$ 14,147
Income per share:
Basic	$ 4.90	$ 5.62	$ 6.96	$ 9.22
Diluted	$ 4.84	$ 2.66	$ 6.87	$ 4.34
Weighted average common shares outstanding:
Basic	3,134,540	1,555,175	3,148,059	1,534,287
Diluted	3,172,881	3,284,133	3,187,124	3,263,245

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
OPERATING ACTIVITIES:
Net income	$ 21,904,000	$ 13,974,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,045,000	3,420,000
Gain or loss on disposal of property and equipment	1,000	(23,000)
Gain on Payroll Protection Program loan forgiveness	0	(1,382,000)
Non-cash gain on bankruptcy settlement	(11,501,000)	(1,115,000)
Amortization of debt issuance cost	(112,000)	612,000
Stock based compensation expense	37,000	287,000
Amortization of right-of-use assets	55,000	125,000
Change in reserve for uncollectible accounts	27,000	658,000
Change in reserve for obsolete inventory	146,000	964,000
Changes in assets and liabilities:
Trade receivables	(698,000)	(2,499,000)
Inventories	(8,658,000)	1,935,000
Income taxes receivable	(148,000)	2,763,000
Prepaid expenses and other current assets	(422,000)	529,000
Change in deferred income taxes	2,257,000	1,334,000
Deposits and other assets	(116,000)	(235,000)
Accounts payable	3,911,000	2,594,000
Accrued liabilities	(4,500,000)	(2,882,000)
Change in other	23,000	(148,000)
Net cash provided by operating activities	5,251,000	20,911,000
INVESTING ACTIVITIES:
Purchase of property and equipment	(7,503,000)	(5,469,000)
Net cash used in investing activities	(7,503,000)	(5,469,000)
FINANCING ACTIVITIES:
Net borrowings (payments) under revolver loans	4,887,000	(4,554,000)
Proceeds from issuance of notes payable	9,000,000	2,258,000
Purchase of common treasury stock	(2,084,000)	(383,000)
Payments on related party notes payable		2,000,000
Debtor-in-possession cash	75,000	112,000
Payments on financing leases	(80,000)
Payments on notes payable	(8,020,000)	(7,931,000)
Net cash used in financing activities	3,778,000	(12,498,000)
Increase in cash	1,526,000	2,944,000
CASH AND CASH EQUIVALENTS, beginning of period	4,664,000	8,984,000
CASH AND CASH EQUIVALENTS, end of period	6,190,000	11,928,000
Supplemental cash flow disclosures:
Interest paid	1,823,000	2,516,000
Income taxes paid	$ 4,458,000	$ 369,000

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	Retained Earnings (Deficit)	Non-controlling Interest
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
Warrant exercise, shares		101,546
Stock based compensation	17				17
Purchase of common treasury stock	(383)						(383)
Purchase of common treasury stock, shares				(33,926)
Net income	5,279							5,413	(134)
Ending balance, value at Dec. 31, 2020	48,585			$ 2	64,489	(7)	(4,481)	(11,016)	(402)
Ending balance, shares at Dec. 31, 2020		315,790	47,840	1,555,175
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
Net income	13,974
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		315,790	47,840	1,555,175
Stock based compensation	270				270
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
Beginning balance, value at Sep. 30, 2021	75,080			$ 2	65,284	(7)	(4,519)	14,768	(448)
Beginning balance, shares at Sep. 30, 2021		315,790	47,840	1,582,334
Stock based compensation	18				18
Net income	6,546							6,546
Ending balance, value at Dec. 31, 2021	81,644			$ 2	65,302	(7)	(4,519)	21,314	(448)
Ending balance, shares at Dec. 31, 2021		315,790	47,840	1,582,334
Beginning balance, value at Sep. 30, 2021	75,080			$ 2	65,284	(7)	(4,519)	14,768	(448)
Beginning balance, shares at Sep. 30, 2021		315,790	47,840	1,582,334
Net income	21,904
Ending balance, value at Mar. 31, 2022	94,937			$ 2	65,321	(7)	(6,603)	36,672	(448)
Ending balance, shares at Mar. 31, 2022			47,840	3,095,616
Beginning balance, value at Dec. 31, 2021	81,644			$ 2	65,302	(7)	(4,519)	21,314	(448)
Beginning balance, shares at Dec. 31, 2021		315,790	47,840	1,582,334
Stock based compensation	19				19
Purchase of common treasury stock	2,084						2,084
Purchase of common treasury stock, shares				65,668
Conversion of preferred stock, shares		(315,790)		1,578,950
Net income	15,358							15,358
Ending balance, value at Mar. 31, 2022	$ 94,937			$ 2	$ 65,321	$ (7)	$ (6,603)	$ 36,672	$ (448)
Ending balance, shares at Mar. 31, 2022			47,840	3,095,616

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
Background and Basis of Presentation	Mar. 31, 2022
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, “Live Ventures” or the “Company”). Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. The Company has four operating segments: Retail, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other. The Retail segment includes (i) Vintage Stock, Inc. (“Vintage Stock”), which 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”), which is engaged in the sale of new major appliances through a retail store. The Flooring Manufacturing segment included Marquis Industries, Inc. (“Marquis”), which is engaged in the manufacture and sale of carpet and the sale of vinyl and wood floorcoverings. The Steel Manufacturing Segment includes 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 were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, the financial statements 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, 2022 are not necessarily indicative of the results to be expected for the fiscal year ending September 30, 2022. The financial information included in these statements should be read in conjunction with the consolidated financial statements and related notes thereto as of September 30, 2021 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 December 28, 2021 (the “2021 10-K”). Coronavirus The global outbreak of COVID-19 (Coronavirus) has resulted in changes in global supply of certain products. The outbreak or pandemic has continued to create significant uncertainties. The pandemic continues to have an unprecedented impact on the U.S. economy as federal, state, and local governments react to this public health crisis. These significant uncertainties and unprecedented impacts include, but are not limited to, an adverse effect on the economy; 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. As the pandemic continues, consumer fear about becoming ill, as well as recommendations or mandates from federal, state, and local authorities to avoid large gatherings of people or self-quarantine, are continuing to increase; this has already affected, and may continue to affect, traffic to the stores. For example, by 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. By June 30, 2020, all Vintage Stock retail locations had reopened, while maintaining compliance with government mandates. The Company is unable to predict if additional periods of store closures for Vintage Stock will be needed or mandated. For the Company’s other segments, during March and April 2020, Marquis conducted rolling layoffs for certain employees; however, by May 2020, most employees returned to their respective locations. The continued impacts of the pandemic could materially adversely affect the near-term and long-term revenues, earnings, liquidity, and cash flows, and may require a variety of responsive actions, 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 uncertainties and impacts of the pandemic on the Company’s business and financial results will depend largely on future developments, including the duration of the pandemic within the U.S., 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 with the pandemic is continually changing and additional impacts of which the Company is not aware may arise .

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2: Summary of Significant Accounting Policies Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company, its majority owned subsidiaries over which the Company exercises control, and a variable interest entity (“VIE”). The Company records a non-controlling interest within stockholders’ equity for the portion of the entity’s equity attributed to the consolidated entities that are not wholly owned. All intercompany accounts and transactions have been eliminated in consolidation. These reclassifications have no material effect on the reported financial results. Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company’s 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, as well as 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 unaudited condensed consolidated financial statements include the estimated reserve for doubtful accounts, the estimated reserve for excess and obsolete inventory, estimated warranty reserve, estimated fair value for stock-based compensation, fair values in connection with the analysis of goodwill, other intangibles and long-lived assets for impairment, valuation allowance against deferred tax assets, and estimated useful lives for intangible assets and property and equipment. Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which introduces a new approach to estimate credit losses on certain types of financial instruments based on expected losses instead of incurred losses. It also modified the impairment model for available-for-sale debt securities and provided a simplified accounting model for purchased financial assets with credit deterioration since their origination. ASU No. 2016-13 is effective for smaller reporting companies for fiscal years beginning after December 15, 2022 and the 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; however, adoption of this ASU is anticipated to have no material impact on the Company's financial statements. 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 implemented this update as of December 31, 2021. The adoption of this ASU had no material impact on the Company’s consolidated financial statements. 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. Effective December 31, 2021, the Secured Overnight Financing Rate (“SOFR”) replaced the USD London Interbank-Offered Rate (“LIBOR”) for most financial benchmarking. 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, however, adoption of this ASU is anticipated to have no material impact on the Company's financial statements. In May 2021, the FASB issued ASU No. 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40) Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options. This update provides guidance for a modification or an exchange of a freestanding equity-classified written call option that is not within the scope of another Topic. This update is effective for the Company’s fiscal years beginning after December 15, 2021. The Company is currently assessing the impact of adopting this new accounting standard on its consolidated financial statements and related disclosures, however, adoption of this ASU is anticipated to have no material impact on the Company's financial statements.

Leases

Leases	6 Months Ended
Leases	Mar. 31, 2022
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 with various renewal options for additional periods. The agreements, which have been classified as operating leases, generally provide for minimum—and in some cases percentage—rent, and require us to pay all insurance, taxes, and other maintenance costs. As a result, the Company recognizes assets and liabilities for all leases with lease terms greater than 12 months. The amounts that are recognized reflect the present value of remaining lease payments for all leases. The discount rate used is an estimate of the Company’s blended incremental borrowing rate, based on information available associated with each subsidiary’s debt outstanding at lease commencement. In considering the lease asset value, the Company considers fixed and variable payment terms, prepayments, and options to extend, terminate, or purchase. Renewal, termination, or purchase options only affect the lease term used for determining lease asset value if the option is reasonably certain to be exercised. As of March 31, 2022 , the weighted average remaining lease term is 8.09 years and our weighted average discount rate is 6.45 %. Total cash payments for the six months ended March 31, 2022 and 2021 were approximately $ 4.9 million and $ 1.7 million, respectively. Additionally, we obtained right-of-use assets in exchange for lease liabilities of approximately $ 2.8 million upon commencement of operating leases during the six months ended March 31, 2022. The following table details our right of use assets and lease liabilities as of March 31, 2022 and September 30, 2021 (in $000's): March 31, 2022 September 30, 2021 Right of use asset - operating leases $ 28,415 $ 30,466 Operating lease liabilities: Current 7,311 7,202 Long term 27,158 29,343 Total present value of future lease payments as of March 31, 2022 (in $000's): Twelve months ended March 31, 2023 $ 9,353 2024 7,613 2025 5,738 2026 4,046 2027 2,881 Thereafter 14,571 Total 44,202 Less implied interest ( 9,733 ) Present value of payments $ 34,469 During the six months ended March 31, 2022 and 2021 , the Company recorded no gain or loss settlements, no r did it record impairment charges relating to any of its leases.

Inventory

Inventory	6 Months Ended
Inventory	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventory	Note 4: Inventory The following table details the Company's inventory as of March 31, 2022 and September 30, 2021 (in $000's): March 31, 2022 September 30, 2021 Inventory, net Raw materials $ 27,610 $ 18,604 Work in progress 6,500 12,404 Finished goods 26,513 22,584 Merchandise 20,435 18,948 81,058 72,540 Less: Inventory reserves ( 1,694 ) ( 1,793 ) Total inventory, net $ 79,364 $ 70,747

Property, Plant & Equipment

Property, Plant & Equipment	6 Months Ended
Property, Plant & Equipment	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 5: Property and Equipment The following table details the Company's property and equipment as of March 31, 2022 and September 30, 2021 (in $000's): March 31, 2022 September 30, 2021 Property and equipment, net: Land $ 2,029 $ 2,029 Building and improvements 11,900 11,737 Transportation equipment 450 450 Machinery and equipment 42,235 35,284 Furnishings and fixtures 4,074 3,907 Office, computer equipment and other 3,007 2,792 63,695 56,199 Less: Accumulated depreciation ( 23,110 ) ( 20,567 ) Total property and equipment, net $ 40,585 $ 35,632 Depreciation expense was $ 1.3 million and $ 1.6 million, respectively, for the three months ended March 31, 2022 and 2021 , and $ 2.5 million and $ 3.2 million for the six months ended March 31, 2022 and 2021 .

Goodwill

Goodwill	6 Months Ended
Goodwill	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 6: Goodwill The following table details the Company's goodwill as of March 31, 2022 (in $000's): Retail Flooring Manufacturing Steel Manufacturing Corporate Total September 30, 2021 $ 36,947 $ 807 $ — $ 3,717 $ 41,471 Additions — — — — — Impairment — — — — — March 31, 2022 $ 36,947 $ 807 $ — $ 3,717 $ 41,471 As of March 31, 2022 , the Company did not identify any triggering events that would require impairment testing.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
Accrued Liabilities	Mar. 31, 2022
Accrued Liabilities Abstract
Accrued Liabilities	Note 7: Accrued Liabilities The following table details the Company's accrued liabilities as of March 31, 2022 and September 30, 2021, respectively (in $000's): March 31, 2022 September 30, 2021 Accrued liabilities: Accrued payroll $ 3,175 $ 4,765 Accrued sales and use taxes 1,196 1,692 Accrued property and other taxes 172 293 Accrued gift card and escheatment liability 1,768 1,593 Accrued interest payable 175 372 Accrued accounts payable and bank overdrafts 943 503 Accrued professional fees 2,808 4,937 Customer deposits 316 241 Accrued expenses — other 1,564 2,652 Total accrued liabilities $ 12,117 $ 17,048

Long Term Debt

Long Term Debt	6 Months Ended
Long Term Debt	Mar. 31, 2022
Debt Disclosure [Abstract]
Long Term Debt	Note 8: Long-Term Debt Long-term debt as of March 31, 2022 and September 30, 2021 consisted of the following (in $000's): March 31, 2022 September 30, 2021 Bank of America Revolver Loan $ 3,729 $ — Encina Business Credit Revolver Loan — 12,735 Texas Capital Bank Revolver Loan 8,594 8,794 Fifth-Third Bank Revolver 14,094 — Fifth-Third Bank Term Loan 3,417 — Encina Business Credit Term Loan — 1,319 Note Payable to the Sellers of Vintage Stock — 4,200 Note #3 Payable to Banc of America Leasing & Capital LLC 1,039 1,320 Note #4 Payable to Banc of America Leasing & Capital LLC 319 406 Note #5 Payable to Banc of America Leasing & Capital LLC 1,699 1,985 Note #6 Payable to Banc of America Leasing & Capital LLC 545 618 Note #7 Payable to Banc of America Leasing & Capital LLC 3,834 4,121 Note #8 Payable to Banc of America Leasing & Capital LLC 2,724 2,943 Note #9 Payable to Banc of America Leasing & Capital LLC 5,274 — Note Payable to Extruded Fibers — 700 Note Payable to the Sellers of Precision Marshall 2,500 2,500 Note Payable to Store Capital Acquisitions, LLC 9,202 9,209 Note payable to individuals, interest at 10-11% per annum , payable on a 90 day written notice, unsecured 207 207 Note payable to individual, interest at 10% per annum , payable on a 90 day unsecured 500 500 Note payable to individual, noninterest bearing, monthly payments of $ 19 through March 2023 306 472 Note payable to individuals, interest at 7% per annum , unsecured 198 198 Note payable RSSI/(VSSS) 130 130 Note Payable to JCM Holdings 1,746 1,833 Total notes payable 60,057 54,190 Less unamortized debt issuance costs ( 666 ) ( 576 ) Net amount 59,391 53,614 Less current portion ( 20,032 ) ( 16,055 ) Total long-term debt $ 39,359 $ 37,559 Future maturities of long-term debt at March 31, 2022, are as follows which does not include related party debt separately stated (in $000's): Twelve months ending March 31, 2023 $ 20,162 2024 4,161 2025 3,642 2026 2,969 2027 19,048 Thereafter 10,075 Total future maturities of long-term debt $ 60,057 Bank of America Revolver Loan On January 31, 2020 , Marquis entered into an amended $ 25.0 million revolving credit agreement (“BofA Revolver”) with Bank of America Corporation (“BofA”). The BofA Revolver is a five-year, asset-based facility that is secured by substantially all of Marquis’ assets. Availability under the BofA Revolver is subject to a monthly borrowing base calculation. Marquis’ ability to borrow under the BofA Revolver is subject to the satisfaction of certain conditions, including meeting all loan covenants under the credit agreement with BofA. As of March 31, 2022 , the outstanding balance was approximately $ 3.7 million. Loans with Encina Business Credit, LLC On July 14, 2020, Precision Marshall 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) $ 23.5 million and (ii) a borrowing base equal to the sum of (a) 85 % of Precision's eligible accounts receivable, plus (b) 85 % of Precision's eligible inventory, subject to an eligible inventory sublimit that begins at $ 14.0 million and declines to $ 12.0 million during the term of the Loan Agreement, minus (c) customary reserves. The Encina Revolver Loans mature on July 14, 2023 . On January 20, 2022, the Precision Marshall refinanced these loans with Fifth-Third Bank (see below). The refinanced credit facility, totaling $29 million, is comprised of $23.0 million in revolving credit, $3.5 million in machinery and equipment (“M&E”) lending, and $2.5 million for capital expenditure (“Capex”) lending. Loan with Fifth Third Bank On January 20, 2022, Precision Marshall refinanced its Encina Business Credit loans with Fifth Third Bank (see above), and the balance outstanding was repaid. The refinanced credit facility, totaling $ 29 million, is comprised of $ 23.0 million in revolving credit, $ 3.5 million in M&E lending, and $ 2.5 million for capital Capex lending. Advances under the new credit facility will bear interest at the 30-day SOFR plus 200 basis points for lending under the revolving facility, and 30-day SOFR plus 225 basis points for M&E and Capex lending (Effective December 31, 2021, SOFR replaced the USD LIBOR for most financial benchmarking). The refinancing of the Borrower’s existing credit facility reduces interest costs and improves the availability and liquidity of funds by approximately $ 3.0 million at the close. The facility terminates on January 20, 2027 , unless terminated earlier in accordance with its terms. As of March 31, 2022 , the outstanding balance on the revolving loan was approximately $ 14.1 million, and the outstanding balance on the term note was approximately $ 3.4 million. Texas Capital Bank Revolver Loan On November 3, 2016, Vintage Stock entered into an amended $ 12.0 million credit agreement with Texas Capital Bank (“TCB Revolver”). The TCB Revolver is a five-year , asset-based facility that is secured by substantially all of Vintage Stock’s assets. Availability under the TCB Revolver is subject to a monthly borrowing base calculation. The TCB Revolver matures, as amended September 30, 2020, on November 3, 2023 . As of March 31, 2022 , the balance outstanding was approximately $ 8.6 million. Note payable to JCM Holdings During October 2020, Marquis purchased a manufacturing facility for $ 2.5 million. Marquis had previously been leasing this facility. Additionally, Marquis entered into a $ 2.0 million note in favor of the seller of the facility for the balance of the purchase price, which note is secured by the facility. The note bears interest at 6 %, and matures in January 2030. Principal and interest payments are due monthly, and the note is fully amortized at maturity. As of March 31, 2022 , the remaining principal balance was approximately $ 1.7 million. Equipment Loans On June 20, 2016 and August 5, 2016, Marquis entered into a transaction that provided for a master agreement and separate loan schedules (the “Equipment Loans”) with Banc of America Leasing & Capital, LLC that provided for the following during the six months ended March 31, 2022: In December 2021, Marquis funded the acquisition of $ 5.5 million of new equipment under note #9 of its master agreement. The note, which is secured by the equipment, matures December 2026, and is payable in 60 monthly installments of $ 92,000 beginning January 2022, bearing interest at 3.75 %. Loan Covenant Compliance As of March 31, 2022 , the Company was in compliance with all covenants under its existing revolving and other loan agreements.

Notes Payable, Related Parties

Notes Payable, Related Parties	6 Months Ended
Notes Payable, Related Parties	Mar. 31, 2022
Debt Disclosure [Abstract]
Notes Payable, Related Parties	Note 9: Notes Payable, Related Parties Long-term debt, related parties as of March 31, 2022 and September 30, 2021 consisted of the following (in $000's): March 31, 2022 September 30, 2021 Isaac Capital Group LLC $ 2,000 $ 2,000 Spriggs Investments, LLC 2,000 2,000 Total notes payable - related parties 4,000 4,000 Less current portion ( 2,000 ) ( 2,000 ) Total long-term portion, related parties $ 2,000 $ 2,000 Twelve months ending March 31, 2023 $ 2,000 2024 — 2025 2,000 Total future maturities of long-term debt, related parties $ 4,000

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Mar. 31, 2022
Equity [Abstract]
Stockholders' Equity	Note 10: Stockholders’ Equity Series B Convertible Preferred Stock In March 2022, the existing 315,790 shares of Series B Convertible Preferred Stock were converted into 1,578,950 common shares, in accordance with Series B Convertible Preferred Stock agreements. Of the 315,790 existing shares of Series B Convertible Preferred Stock converted, Isaac Capital Group LLC (“ICG”) held 259,902 of these shares, and converted them into 1,299,510 common shares. Jon Isaac, the Company's President and Chief Executive Officer, is the President and sole member of ICG, and, accordingly, has sole voting and dispositive power with respect to these shares. As of March 31, 2022 and September 30, 2021 , there were 0 and 315,790 shares of Series B Convertible Preferred Stock issued and outstanding, respectively. Series E Convertible Preferred Stock As of March 31, 2022, and September 30, 2021 , there was 47,840 shares of Series E Convertible Preferred Stock, issued and outstanding, respectively. Treasury Stock As of March 31, 2022 and September 30, 2021 , the Company had 600,188 and 534,520 shares of Treasury Stock, respectively. During the six months ended March 31, 2022 and 2021 , respectively, the Company purchased 65,668 and 33,926 shares of its common stock on the open market for approximately $ 2.1 million and approximately $ 400,000 , respectively

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Mar. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Note 11: 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. 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 fiscal year ended September 30, 2021 and the six months ended March 31, 2022: Number of Weighted Weighted Intrinsic Outstanding at September 30, 2020 119,168 $ 15.76 2.71 $ — Granted 7,500 40.92 Exercised ( 28,668 ) 11.25 Forfeited ( 10,500 ) 20.56 Outstanding at September 30, 2021 87,500 $ 18.81 1.78 $ 1,626 Exercisable at September 30, 2021 78,500 $ 16.29 1.72 $ 1,626 Outstanding at September 30, 2021 87,500 $ 18.81 1.78 $ 1,626 Granted — $ — Exercised — $ — Outstanding at March 31, 2022 87,500 $ 18.81 1.28 $ 2,193 Exercisable at March 31, 2022 82,500 $ 17.53 1.23 $ 2,144 The Company recognized compensation expense of approximately $ 19,000 and $ 270,000 during the three months ended March 31, 2022 and 2021 , respectively, and approximately $ 37,000 and $ 287,000 during the six months ended March 31, 2022 and 2021, respectively, related to stock option awards granted to certain employees and officers based on the grant date fair value of the awards, and the revaluation for existing options whereby the expiration date was extended. As of March 31, 2022 , the Company had no unrecognized compensation expense associated with stock option awards. The following table summarizes information about the Company’s non-vested shares outstanding as of March 31, 2022: Non-vested Shares Number of Average Non-vested at September 30, 2021 9,000 $ 17.57 Granted — $ — Vested ( 4,000 ) $ 20.74 Non-vested at March 31, 2022 5,000 $ 15.04

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 12: Earnings Per Share Net income per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company’s Consolidated Balance Sheet. Diluted net income per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares 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 (in $000's): Three Months Ended March 31, For the Six Months Ended March 31, 2022 2021 2022 2021 Basic Net income $ 15,358 $ 8,734 $ 21,904 $ 14,147 Less: preferred stock dividends — — — — Net income applicable to common stock $ 15,358 $ 8,734 $ 21,904 $ 14,147 Weighted average common shares outstanding 3,134,540 1,555,175 3,148,059 1,534,287 Basic earnings per share $ 4.90 $ 5.62 $ 6.96 $ 9.22 Diluted Net income applicable to common stock $ 15,358 $ 8,734 $ 21,904 $ 14,147 Add: preferred stock dividends — — — — Net income applicable for diluted earnings per share $ 15,358 $ 8,734 $ 21,904 $ 14,147 Weighted average common shares outstanding 3,134,540 1,555,175 3,148,059 1,534,287 Add: Options 38,102 87,168 38,825 87,168 Add: Series B Preferred Stock — 1,593,950 — 1,593,950 Add: Series E Preferred Stock 239 47,840 239 47,840 Assumed weighted average common shares outstanding 3,172,881 3,284,133 3,187,124 3,263,245 Diluted earnings per share $ 4.84 $ 2.66 $ 6.87 $ 4.34 There are 0 and 33,250 options to purchase shares of common stock that are anti-dilutive, and are not included in the six months ended March 31, 2022 and 2021 , diluted earnings per share computations, respectively.

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 13: Related Party Transactions Transactions with Isaac Capital Fund and Capital Group LLC As of March 31, 2022 , ICG beneficially owns 48.5 % of the Company’s issued and outstanding capital stock. Jon Isaac, the Company's President and Chief Executive Officer, is the President and sole member of ICG, and, accordingly, has sole voting and dispositive power with respect to these shares. Mr. Isaac also personally owns 217,177 shares of common stock and holds options to purchase up to 25,000 shares of common stock at an exercise price of $ 10.00 per share, all of which are currently exercisable. ICG Term Loan During 2015, Marquis entered into a mezzanine loan in the amount of up to $7.0 million (the “ICF Loan”) with Isaac Capital Fund I, LLC (“ICF”), a private lender whose managing member is Jon Isaac, the Company’s 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 ICF Loan to ICG, of which Jon Isaac, the Company’s President and Chief Executive Officer, is the sole member, and (iii) Live Ventures borrowed $2.0 million (the “ICG Loan”) from ICG using essentially the same documentation from the ICF Loan. There was no balance outstanding on the note as of the date of assignment. The ICG Loan matures on May 1, 2025 and bears interest at a rate of 12.5%. Interest is payable in arrears on the last day of each month, commencing July 31, 2020. As of March 31, 2022, and September 30, 2021 , there was $ 2.0 million outstanding on this loan. 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 $ 1.0 million revolving credit facility (the “ICG Revolver”). The ICG Revolver bears interest at 10.0 % per annum and provides for the payment of interest monthly in arrears and matures April 2023 . As of March 31, 2022, the Company has not drawn on the ICG Revolver. 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 $ 75,000 and $ 50,000 in rent and other reimbursed expenses for three months ended March 31, 2022 and 2021 and $ 144,000 and $ 88,000 in rent and other reimbursed expenses for the six months ended March 31, 2022 and 2021, respectively. Tony Isaac is the Chief Executive Officer, President, Secretary, and a member of the Board of Directors of JanOne. 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 Affiliated Holdings, LLC (“VSAH”) and Vintage Stock entered into a seller financed mezzanine loan in the amount of $ 10.0 million with the previous owners of Vintage Stock. The Company executed a promissory note (the “Sellers Subordinated Acquisition Note”), which bears interest at 8 % per annum, with interest payable monthly in arrears. The Sellers Subordinated Acquisition Note, as amended, has a maturity date of September 23, 2023 . As of March 31, 2022, the amount was fully repaid. Spriggs Promissory Note On July 10, 2020, the Company executed a promissory note (the “Spriggs Promissory Note”) in favor of Spriggs Investments, LLC (“Spriggs Investments”), a limited liability company whose sole member is Rodney Spriggs, the President and Chief Executive Officer of Vintage Stock, Inc., a wholly-owned subsidiary of the Company, that memorializes a loan by Spriggs Investments to the Company in the initial principal amount of $ 2.0 million (the “Spriggs Loan”). The Spriggs Loan matures on July 10, 2022 and bears simple interest at a rate of 10.0 % per annum. As of March 31, 2022 , the amount owed was $ 2.0 million .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14: Commitments and Contingencies Litigation SEC Investigation On February 21, 2018, the Company received a subpoena from the 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 to allege certain violations of the federal securities laws. The Company and the Executives maintain that their actions were appropriate, and are vigorously defending 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 cooperated fully with the SEC inquiry and provided a response to the SEC on October 26, 2018. On August 2, 2021, the SEC filed a civil complaint (the “SEC Complaint”) in the United States District Court for the District of Nevada naming the Company. The SEC Complaint alleges financial, disclosure and reporting violations against the Company under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5. The SEC Complaint also alleges various claims against certain executive officers under Sections 13(a), 13(b)(2)(A), 13(b)(2)(B) and 13(b)(5) of the Exchange Act and Rules 12b-20, 13a-1, 13a-13, 13a-14, 13b2-1, and 13b2-2. The SEC seeks permanent injunctions and civil penalties against the Company. The foregoing is only a general summary of the SEC Complaint, which may be accessed on the SEC’s website at https://www.sec.gov/litigation/litreleases/2021/lr25155.htm . The Company continues to assert that the SEC’s pursuit of this matter will not result in any benefit to investors and instead will only serve as a distraction from core business. On October 1, 2021, the Company, filed a motion with the court to dismiss the complaint. The SEC filed its response opposing the motions on November 1, 2021. The defendants filed their reply to the SEC’s opposition on November 15, 2021. The motions to dismiss are now under submission and the court has not yet scheduled a hearing date. Pursuant to the automatic stay of proceedings under the Private Securities Litigation Reform Act, all discovery has been stayed pending the motions to dismiss. ApplianceSmart Bankruptcy and Other ApplianceSmart Related Litigation Matters On Feb 28, 2022, the court approved ApplianceSmart’s plan for reorganization (the “Plan”), discharging ApplianceSmart of certain debts according to the Plan resulting in the Company recording a gain of approximately $ 11.4 million, which includes a write-off or adjustment of approximately $ 11.5 million on the settlement of debts and other liabilities, offset by payments subject to the bankruptcy that were not included as debtor-in-possession liabilities of approximately $ 149,000 . Generally The Company is 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. The Company currently believes 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. As applicable, liabilities pertaining to these matters, that are probable and estimable, have been accrued. 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, 2022: Beginning balance, September 30, 2021 $ 105 Warranties issued/accrued — Warranty settlements — Ending balance, March 31, 2022 $ 105

Segment Reporting

Segment Reporting	6 Months Ended
Segment Reporting	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	Note 15: Segment Reporting The Company operates in four operating segments which are characterized as: (1) Retail, (2) Flooring Manufacturing, (3) Steel Manufacturing, and (4) Corporate and Other. 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 (in $000's): For the Three Months Ended March 31, For the Six Months Ended March 31, 2022 2021 2022 2021 Revenues Retail $ 20,741 $ 24,003 $ 46,952 $ 46,373 Flooring Manufacturing 32,772 32,972 65,644 63,194 Steel Manufacturing 14,027 13,793 26,393 23,528 Corporate and Other 2,166 122 5,875 249 Total revenues $ 69,706 $ 70,890 $ 144,864 $ 133,344 Gross profit Retail $ 11,110 $ 12,970 $ 24,500 $ 25,017 Flooring Manufacturing 8,580 10,022 17,609 18,347 Steel Manufacturing 4,252 3,380 7,867 5,156 Corporate and Other 1,011 118 2,593 239 Total gross profit $ 24,953 $ 26,490 $ 52,569 $ 48,759 Operating income (loss) Retail $ 3,132 $ 5,071 $ 7,942 $ 9,564 Flooring Manufacturing 3,875 6,011 8,483 10,161 Steel Manufacturing 2,719 1,742 4,373 1,886 Corporate and Other ( 1,277 ) ( 1,699 ) ( 1,942 ) ( 3,195 ) Total operating income $ 8,449 $ 11,125 $ 18,856 $ 18,416 Depreciation and amortization Retail $ 296 $ 391 $ 636 $ 738 Flooring Manufacturing 780 907 1,559 1,872 Steel Manufacturing 281 396 515 789 Corporate and Other 139 11 335 21 Total depreciation and amortization $ 1,496 $ 1,705 $ 3,045 $ 3,420 Interest expenses Retail $ 84 $ 582 $ 236 $ 1,242 Flooring Manufacturing 462 648 893 1,058 Steel Manufacturing 182 288 479 556 Corporate and Other 130 131 267 263 Total interest expenses $ 858 $ 1,649 $ 1,875 $ 3,119 Net income (loss) before provision for income taxes Retail $ 14,593 $ 4,485 $ 19,293 $ 8,658 Flooring Manufacturing 3,337 5,171 7,382 8,893 Steel Manufacturing 2,002 2,460 3,315 2,296 Corporate and Other ( 1,051 ) ( 193 ) ( 1,602 ) ( 1,195 ) Total net income before provision for income taxes $ 18,881 $ 11,923 $ 28,388 $ 18,652

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 16: Subsequent Events The Company has evaluated subsequent events through the filing of this Form 10-Q, and determined that there have been no events that have occurred that would require adjustments to disclosures in its condensed consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company, its majority owned subsidiaries over which the Company exercises control, and a variable interest entity (“VIE”). The Company records a non-controlling interest within stockholders’ equity for the portion of the entity’s equity attributed to the consolidated entities that are not wholly owned. All intercompany accounts and transactions have been eliminated in consolidation. These reclassifications have no material effect on the reported financial results.
Use of Estimates	Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company’s 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, as well as 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 unaudited condensed consolidated financial statements include the estimated reserve for doubtful accounts, the estimated reserve for excess and obsolete inventory, estimated warranty reserve, estimated fair value for stock-based compensation, fair values in connection with the analysis of goodwill, other intangibles and long-lived assets for impairment, valuation allowance against deferred tax assets, and estimated useful lives for intangible assets and property and equipment.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which introduces a new approach to estimate credit losses on certain types of financial instruments based on expected losses instead of incurred losses. It also modified the impairment model for available-for-sale debt securities and provided a simplified accounting model for purchased financial assets with credit deterioration since their origination. ASU No. 2016-13 is effective for smaller reporting companies for fiscal years beginning after December 15, 2022 and the 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; however, adoption of this ASU is anticipated to have no material impact on the Company's financial statements. 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 implemented this update as of December 31, 2021. The adoption of this ASU had no material impact on the Company’s consolidated financial statements. 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. Effective December 31, 2021, the Secured Overnight Financing Rate (“SOFR”) replaced the USD London Interbank-Offered Rate (“LIBOR”) for most financial benchmarking. 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, however, adoption of this ASU is anticipated to have no material impact on the Company's financial statements. In May 2021, the FASB issued ASU No. 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40) Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options. This update provides guidance for a modification or an exchange of a freestanding equity-classified written call option that is not within the scope of another Topic. This update is effective for the Company’s fiscal years beginning after December 15, 2021. The Company is currently assessing the impact of adopting this new accounting standard on its consolidated financial statements and related disclosures, however, adoption of this ASU is anticipated to have no material impact on the Company's financial statements.

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Mar. 31, 2022
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, 2022 and September 30, 2021 (in $000's): March 31, 2022 September 30, 2021 Right of use asset - operating leases $ 28,415 $ 30,466 Operating lease liabilities: Current 7,311 7,202 Long term 27,158 29,343
Schedule of Present Value of Future Lease Payments	Total present value of future lease payments as of March 31, 2022 (in $000's): Twelve months ended March 31, 2023 $ 9,353 2024 7,613 2025 5,738 2026 4,046 2027 2,881 Thereafter 14,571 Total 44,202 Less implied interest ( 9,733 ) Present value of payments $ 34,469

Inventory (Tables)

Inventory (Tables)	6 Months Ended
Inventory (Tables)	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory	The following table details the Company's inventory as of March 31, 2022 and September 30, 2021 (in $000's): March 31, 2022 September 30, 2021 Inventory, net Raw materials $ 27,610 $ 18,604 Work in progress 6,500 12,404 Finished goods 26,513 22,584 Merchandise 20,435 18,948 81,058 72,540 Less: Inventory reserves ( 1,694 ) ( 1,793 ) Total inventory, net $ 79,364 $ 70,747

Property, Plant & Equipment (Ta

Property, Plant & Equipment (Tables)	6 Months Ended
Property, Plant & Equipment (Tables)	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment	The following table details the Company's property and equipment as of March 31, 2022 and September 30, 2021 (in $000's): March 31, 2022 September 30, 2021 Property and equipment, net: Land $ 2,029 $ 2,029 Building and improvements 11,900 11,737 Transportation equipment 450 450 Machinery and equipment 42,235 35,284 Furnishings and fixtures 4,074 3,907 Office, computer equipment and other 3,007 2,792 63,695 56,199 Less: Accumulated depreciation ( 23,110 ) ( 20,567 ) Total property and equipment, net $ 40,585 $ 35,632

Goodwill - (Tables)

Goodwill - (Tables)	6 Months Ended
Goodwill - (Tables)	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Company's goodwill	The following table details the Company's goodwill as of March 31, 2022 (in $000's): Retail Flooring Manufacturing Steel Manufacturing Corporate Total September 30, 2021 $ 36,947 $ 807 $ — $ 3,717 $ 41,471 Additions — — — — — Impairment — — — — — March 31, 2022 $ 36,947 $ 807 $ — $ 3,717 $ 41,471 As of March 31, 2022 , the Company did not identify any triggering events that would require impairment testing.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
Accrued Liabilities (Tables)	Mar. 31, 2022
Accrued Liabilities Abstract
Schedule Of Accrued Liabilities	The following table details the Company's accrued liabilities as of March 31, 2022 and September 30, 2021, respectively (in $000's): March 31, 2022 September 30, 2021 Accrued liabilities: Accrued payroll $ 3,175 $ 4,765 Accrued sales and use taxes 1,196 1,692 Accrued property and other taxes 172 293 Accrued gift card and escheatment liability 1,768 1,593 Accrued interest payable 175 372 Accrued accounts payable and bank overdrafts 943 503 Accrued professional fees 2,808 4,937 Customer deposits 316 241 Accrued expenses — other 1,564 2,652 Total accrued liabilities $ 12,117 $ 17,048

Long Term Debt (Tables)

Long Term Debt (Tables)	6 Months Ended
Long Term Debt (Tables)	Mar. 31, 2022
Schedule of Long-term Debt	Long-term debt as of March 31, 2022 and September 30, 2021 consisted of the following (in $000's): March 31, 2022 September 30, 2021 Bank of America Revolver Loan $ 3,729 $ — Encina Business Credit Revolver Loan — 12,735 Texas Capital Bank Revolver Loan 8,594 8,794 Fifth-Third Bank Revolver 14,094 — Fifth-Third Bank Term Loan 3,417 — Encina Business Credit Term Loan — 1,319 Note Payable to the Sellers of Vintage Stock — 4,200 Note #3 Payable to Banc of America Leasing & Capital LLC 1,039 1,320 Note #4 Payable to Banc of America Leasing & Capital LLC 319 406 Note #5 Payable to Banc of America Leasing & Capital LLC 1,699 1,985 Note #6 Payable to Banc of America Leasing & Capital LLC 545 618 Note #7 Payable to Banc of America Leasing & Capital LLC 3,834 4,121 Note #8 Payable to Banc of America Leasing & Capital LLC 2,724 2,943 Note #9 Payable to Banc of America Leasing & Capital LLC 5,274 — Note Payable to Extruded Fibers — 700 Note Payable to the Sellers of Precision Marshall 2,500 2,500 Note Payable to Store Capital Acquisitions, LLC 9,202 9,209 Note payable to individuals, interest at 10-11% per annum , payable on a 90 day written notice, unsecured 207 207 Note payable to individual, interest at 10% per annum , payable on a 90 day unsecured 500 500 Note payable to individual, noninterest bearing, monthly payments of $ 19 through March 2023 306 472 Note payable to individuals, interest at 7% per annum , unsecured 198 198 Note payable RSSI/(VSSS) 130 130 Note Payable to JCM Holdings 1,746 1,833 Total notes payable 60,057 54,190 Less unamortized debt issuance costs ( 666 ) ( 576 ) Net amount 59,391 53,614 Less current portion ( 20,032 ) ( 16,055 ) Total long-term debt $ 39,359 $ 37,559
Schedule of Future Maturities of Long-term Debt	Future maturities of long-term debt at March 31, 2022, are as follows which does not include related party debt separately stated (in $000's): Twelve months ending March 31, 2023 $ 20,162 2024 4,161 2025 3,642 2026 2,969 2027 19,048 Thereafter 10,075 Total future maturities of long-term debt $ 60,057

Notes Payable, Related Parties

Notes Payable, Related Parties (Tables)	6 Months Ended
Notes Payable, Related Parties (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Related Parties	Long-term debt, related parties as of March 31, 2022 and September 30, 2021 consisted of the following (in $000's): March 31, 2022 September 30, 2021 Isaac Capital Group LLC $ 2,000 $ 2,000 Spriggs Investments, LLC 2,000 2,000 Total notes payable - related parties 4,000 4,000 Less current portion ( 2,000 ) ( 2,000 ) Total long-term portion, related parties $ 2,000 $ 2,000
Schedule of Future Maturities of Notes	Twelve months ending March 31, 2023 $ 2,000 2024 — 2025 2,000 Total future maturities of long-term debt, related parties $ 4,000

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Mar. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]
Summary of Stock Option Activity	The following table summarizes stock option activity for the fiscal year ended September 30, 2021 and the six months ended March 31, 2022: Number of Weighted Weighted Intrinsic Outstanding at September 30, 2020 119,168 $ 15.76 2.71 $ — Granted 7,500 40.92 Exercised ( 28,668 ) 11.25 Forfeited ( 10,500 ) 20.56 Outstanding at September 30, 2021 87,500 $ 18.81 1.78 $ 1,626 Exercisable at September 30, 2021 78,500 $ 16.29 1.72 $ 1,626 Outstanding at September 30, 2021 87,500 $ 18.81 1.78 $ 1,626 Granted — $ — Exercised — $ — Outstanding at March 31, 2022 87,500 $ 18.81 1.28 $ 2,193 Exercisable at March 31, 2022 82,500 $ 17.53 1.23 $ 2,144
Summary of Non-Vested Shares	The following table summarizes information about the Company’s non-vested shares outstanding as of March 31, 2022: Non-vested Shares Number of Average Non-vested at September 30, 2021 9,000 $ 17.57 Granted — $ — Vested ( 4,000 ) $ 20.74 Non-vested at March 31, 2022 5,000 $ 15.04

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2022
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 (in $000's): Three Months Ended March 31, For the Six Months Ended March 31, 2022 2021 2022 2021 Basic Net income $ 15,358 $ 8,734 $ 21,904 $ 14,147 Less: preferred stock dividends — — — — Net income applicable to common stock $ 15,358 $ 8,734 $ 21,904 $ 14,147 Weighted average common shares outstanding 3,134,540 1,555,175 3,148,059 1,534,287 Basic earnings per share $ 4.90 $ 5.62 $ 6.96 $ 9.22 Diluted Net income applicable to common stock $ 15,358 $ 8,734 $ 21,904 $ 14,147 Add: preferred stock dividends — — — — Net income applicable for diluted earnings per share $ 15,358 $ 8,734 $ 21,904 $ 14,147 Weighted average common shares outstanding 3,134,540 1,555,175 3,148,059 1,534,287 Add: Options 38,102 87,168 38,825 87,168 Add: Series B Preferred Stock — 1,593,950 — 1,593,950 Add: Series E Preferred Stock 239 47,840 239 47,840 Assumed weighted average common shares outstanding 3,172,881 3,284,133 3,187,124 3,263,245 Diluted earnings per share $ 4.84 $ 2.66 $ 6.87 $ 4.34

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2022
Summary of Warranty Reserve Activity	The following table summarizes the warranty reserve activity for the six months ended March 31, 2022: Beginning balance, September 30, 2021 $ 105 Warranties issued/accrued — Warranty settlements — Ending balance, March 31, 2022 $ 105

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
Segment Reporting (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Summary of Segment Information	The following tables summarize segment information (in $000's): For the Three Months Ended March 31, For the Six Months Ended March 31, 2022 2021 2022 2021 Revenues Retail $ 20,741 $ 24,003 $ 46,952 $ 46,373 Flooring Manufacturing 32,772 32,972 65,644 63,194 Steel Manufacturing 14,027 13,793 26,393 23,528 Corporate and Other 2,166 122 5,875 249 Total revenues $ 69,706 $ 70,890 $ 144,864 $ 133,344 Gross profit Retail $ 11,110 $ 12,970 $ 24,500 $ 25,017 Flooring Manufacturing 8,580 10,022 17,609 18,347 Steel Manufacturing 4,252 3,380 7,867 5,156 Corporate and Other 1,011 118 2,593 239 Total gross profit $ 24,953 $ 26,490 $ 52,569 $ 48,759 Operating income (loss) Retail $ 3,132 $ 5,071 $ 7,942 $ 9,564 Flooring Manufacturing 3,875 6,011 8,483 10,161 Steel Manufacturing 2,719 1,742 4,373 1,886 Corporate and Other ( 1,277 ) ( 1,699 ) ( 1,942 ) ( 3,195 ) Total operating income $ 8,449 $ 11,125 $ 18,856 $ 18,416 Depreciation and amortization Retail $ 296 $ 391 $ 636 $ 738 Flooring Manufacturing 780 907 1,559 1,872 Steel Manufacturing 281 396 515 789 Corporate and Other 139 11 335 21 Total depreciation and amortization $ 1,496 $ 1,705 $ 3,045 $ 3,420 Interest expenses Retail $ 84 $ 582 $ 236 $ 1,242 Flooring Manufacturing 462 648 893 1,058 Steel Manufacturing 182 288 479 556 Corporate and Other 130 131 267 263 Total interest expenses $ 858 $ 1,649 $ 1,875 $ 3,119 Net income (loss) before provision for income taxes Retail $ 14,593 $ 4,485 $ 19,293 $ 8,658 Flooring Manufacturing 3,337 5,171 7,382 8,893 Steel Manufacturing 2,002 2,460 3,315 2,296 Corporate and Other ( 1,051 ) ( 193 ) ( 1,602 ) ( 1,195 ) Total net income before provision for income taxes $ 18,881 $ 11,923 $ 28,388 $ 18,652

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Leased Assets [Line Items]
Weighted average remaining lease term	8 years 4 months 13 days
Weighted average discount rate	6.45%
Total cash payments	$ 4,900	$ 1,700
Right-of-use assets in exchange of lease liabilities	2,800
Gain on lease settlement, net	0	0
Impairment charges	$ 0	$ 0

Leases - Schedule of Right of U

Leases - Schedule of Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Leases [Abstract]
Right of use asset - operating leases	$ 28,415	$ 30,466
Current	7,311	7,202
Long term	$ 27,158	$ 29,343

Leases - Schedule of Present Va

Leases - Schedule of Present Value of Future Lease Payments (Details) $ in Thousands	Mar. 31, 2022USD ($)
Leases [Abstract]
2023	$ 9,353
2024	7,613
2025	5,738
2026	4,046
2027	2,881
Thereafter	14,571
Total	44,202
Less implied interest	(9,733)
Present value of payments	$ 34,469

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 27,610	$ 18,604
Work in progress	6,500	12,404
Finished goods	26,513	22,584
Merchandise	20,435	18,948
Total inventory, gross	81,058	72,540
Less: Inventory reserves	(1,694)	(1,793)
Total inventory, net	$ 79,364	$ 70,747

Property, Plant & Equipment - S

Property, Plant & Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 63,695	$ 56,199
Less: Accumulated depreciation	(23,110)	(20,567)
Total property and equipment, net	40,585	35,632
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,029	2,029
Building and Improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	11,900	11,737
Transportation Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	450	450
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	42,235	35,284
Furnishings and Fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,074	3,907
Office, Computer Equipment and Other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,007	$ 2,792

Property, Plant & Equipment (Ad

Property, Plant & Equipment (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1.3	$ 1.6	$ 2.5	$ 3.2

Goodwill - Summary of Company's

Goodwill - Summary of Company's goodwill (Details) $ in Thousands	Mar. 31, 2022USD ($)
Indefinite-lived Intangible Assets [Line Items]
September 30, 2021	$ 41,471
December 31, 2021	41,471
Corporate Segment [Member]
Indefinite-lived Intangible Assets [Line Items]
September 30, 2021	3,717
December 31, 2021	3,717
Retail Segment [Member]
Indefinite-lived Intangible Assets [Line Items]
September 30, 2021	36,947
December 31, 2021	36,947
Flooring Manufacturing [Member]
Indefinite-lived Intangible Assets [Line Items]
September 30, 2021	807
December 31, 2021	807
Steel Manufacturing [Member]
Indefinite-lived Intangible Assets [Line Items]
September 30, 2021	0
December 31, 2021	$ 0

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Accrued Liabilities, Current [Abstract]
Accrued payroll	$ 3,175	$ 4,765
Accrued sales and use taxes	1,196	1,692
Accrued property and other taxes	172	293
Accrued gift card and escheatment liability	1,768	1,593
Accrued interest payable	175	372
Accrued accounts payable and bank overdrafts	943	503
Accrued professional fees	2,808	4,937
Customer deposits	316	241
Accrued expenses - other	1,564	2,652
Total accrued liabilities	$ 12,117	$ 17,048

Long Term Debt - Schedule of Lo

Long Term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total notes payable	$ 60,057	$ 54,190
Less unamortized debt issuance costs	(666)	(576)
Net amount	59,391	53,614
Less current portion	(20,032)	(16,055)
Total long-term debt	39,359	37,559
Note payable to individuals
Debt Instrument [Line Items]
Total notes payable	207	207
Note payable to individual 2
Debt Instrument [Line Items]
Total notes payable	500	500
Note payable to individual 3
Debt Instrument [Line Items]
Total notes payable	306	472
Note Payable Individual Four [Member]
Debt Instrument [Line Items]
Total notes payable	198	198
Note Payable to the Sellers of Vintage Stock
Debt Instrument [Line Items]
Total notes payable		4,200
Note #3 Payable to Banc of America Leasing & Capital LLC
Debt Instrument [Line Items]
Total notes payable	1,039	1,320
Note #4 Payable to Banc of America Leasing & Capital LLC
Debt Instrument [Line Items]
Total notes payable	319	406
Note #5 Payable to Banc of America Leasing & Capital LLC
Debt Instrument [Line Items]
Total notes payable	1,699	1,985
Note #6 Payable to Banc of America Leasing & Capital LLC
Debt Instrument [Line Items]
Total notes payable	545	618
Note #7 Payable to Banc of America Leasing & Capital LLC
Debt Instrument [Line Items]
Total notes payable	3,834	4,121
Note #8 Payable to Banc of America Leasing & Capital LLC
Debt Instrument [Line Items]
Total notes payable	2,724	2,943
Note #9 Payable to Banc of America Leasing & Capital LLC
Debt Instrument [Line Items]
Total notes payable	5,274
Note Payable to Extruded Fibers
Debt Instrument [Line Items]
Total notes payable		700
Note Payable to JCM Holdings
Debt Instrument [Line Items]
Total notes payable	1,746	1,833
Note Payable RSSI [Member]
Debt Instrument [Line Items]
Total notes payable	130	130
Note Payable to the Sellers of Precision Marshall
Debt Instrument [Line Items]
Total notes payable	2,500	2,500
Note Payable to Store Capital Acquisitions
Debt Instrument [Line Items]
Total notes payable	9,202	9,209
Bank of America Revolver Loan
Debt Instrument [Line Items]
Total notes payable	3,729
Encina Business Credit Revolver Loan
Debt Instrument [Line Items]
Total notes payable		12,735
Texas Capital Bank Revolver Loan
Debt Instrument [Line Items]
Total notes payable	8,594	8,794
Encina Business Credit Term Loan
Debt Instrument [Line Items]
Total notes payable		$ 1,319
Fifth Third Bank Revolver
Debt Instrument [Line Items]
Total notes payable	14,094
Fifth Third Bank Term Loan
Debt Instrument [Line Items]
Total notes payable	$ 3,417

Long Term Debt - Schedule of _2

Long Term Debt - Schedule of Long-term Debt (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2022
Debt Instrument [Line Items]
Debt interest rate description		7% per annum
Note payable to individual
Debt Instrument [Line Items]
Collateral		unsecured
Note payable to individual 2
Debt Instrument [Line Items]
Debt interest rate description		10% per annum
Collateral		unsecured
Note payable to individual 3
Debt Instrument [Line Items]
Debt interest rate description	10-11% per annum
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, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total future maturities of long-term debt	$ 60,057	$ 54,190
Notes Payable
Debt Instrument [Line Items]
2023	20,162
2024	4,161
2025	3,642
2026	2,969
2027	19,048
Thereafter	10,075
Total future maturities of long-term debt	$ 60,057

Long Term Debt - Bank of Americ

Long Term Debt - Bank of America Revolver Loan - Additional Information (Details) - Marquis - Bank of America Revolver Loan - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2022	Jan. 31, 2020
Debt Instrument [Line Items]
Credit line maximum		$ 25
Line of credit agreement date	Jan. 31, 2020
Credit balance outstanding	$ 3.7

Long Term Debt - Loan With Enci

Long Term Debt - Loan With Encina Business Credit, LLC - Additional Information (Details) - Encina Loans - Loan Agreement - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2022	Jul. 14, 2020
Debt Instrument [Line Items]
Secured term loan threshold amount		$ 23.5
Encina Business Credit, LLC
Debt Instrument [Line Items]
Line of credit facility beginning amount subject to eligible inventory sublimit		14
Line of credit facility declined amount subject to eligible inventory sublimit		$ 12
Debt Instrument, Maturity Date	Jul. 14, 2023
Accounts Receivable \| Encina Business Credit, LLC
Debt Instrument [Line Items]
Percentage of eligible accounts receivable		85.00%
Inventory \| Encina Business Credit, LLC
Debt Instrument [Line Items]
Percentage of eligible accounts receivable		85.00%

Long Term Debt - Loan with Fift

Long Term Debt - Loan with Fifth Third Bank (Additional Information) (Details) - Fifth Third Bank [Member] - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2022	Jan. 20, 2022
Debt Instrument [Line Items]
Debt Instrument, Maturity Date	Jan. 20, 2027
Encina Loans [Member]
Debt Instrument [Line Items]
Credit line maximum		$ 29
Reduction In Interest Costs And Availability Of Liquid Funds		3
Credit balance outstanding	$ 3.4
Machinery and Equipment \| Encina Loans [Member]
Debt Instrument [Line Items]
Credit line maximum		3.5
Capital expenditure [Member] \| Encina Loans [Member]
Debt Instrument [Line Items]
Credit line maximum		2.5
Revolving Credit Facility [Member] \| Encina Loans [Member]
Debt Instrument [Line Items]
Credit line maximum		$ 23
Credit balance outstanding	$ 14.1

Long Term Debt - Texas Capital

Long Term Debt - Texas Capital Bank Revolver Loan - Additional Information (Details) - Texas Capital Bank Revolver Loan - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2021	Mar. 31, 2022	Nov. 03, 2016
Debt Instrument [Line Items]
Credit line maximum			$ 12
Credit line expiration period		5 years
Debt periodic frequency	monthly
Credit line maturity date	Nov. 3, 2023
Credit balance outstanding		$ 8.6

Long Term Debt - Note Payable t

Long Term Debt - Note Payable to JCM Holdings - Additional Information (Details) - Marquis - Note Payable to JCM Holdings - USD ($) $ in Millions	1 Months Ended
	Oct. 31, 2020	Mar. 31, 2022
Debt Instrument [Line Items]
Business combination, transaction value	$ 2.5
Loan Agreement
Debt Instrument [Line Items]
Debt face amount	$ 2
Debt stated interest rate	6.00%
Letters of Credit Outstanding, Amount		$ 1.7

Long Term Debt - Equipment Loan

Long Term Debt - Equipment Loans (Additional Information) (Details) - Marquis - Note #9 Payable to Banc of America Leasing & Capital LLC - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt face amount		$ 5,500
Debt periodic payment	$ 92,000
Debt periodic frequency	60 monthly installments
Debt stated interest rate	3.75%

Notes Payable, Related Partie_2

Notes Payable, Related Parties - Schedule of Long-term Related Parties (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total future maturities of long-term debt, related parties	$ 4,000	$ 4,000
Less current portion	(2,000)	(2,000)
Total long-term portion, related parties	2,000	2,000
Isaac Capital Fund, LLC
Debt Instrument [Line Items]
Total future maturities of long-term debt, related parties	2,000	2,000
Spriggs Investments, LLC
Debt Instrument [Line Items]
Total future maturities of long-term debt, related parties	$ 2,000	$ 2,000

Notes Payable, Related Partie_3

Notes Payable, Related Parties - Schedule of Future Maturities of Notes (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total future maturities of long-term debt, related parties	$ 4,000	$ 4,000
Notes Payable, Related Parties
Debt Instrument [Line Items]
2024	2,000
2025	0
2026	2,000
Total future maturities of long-term debt, related parties	$ 4,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021
Class Of Stock [Line Items]
Common stock shares issued upon conversion of preferred stock shares		1,578,950
Preferred stock shares converted units	315,790	315,790
Treasury Stock	600,188	600,188		534,520
Repurchase of common stock		65,668	33,926
Payment for repurchase of common stock		$ 2,100,000	$ 400,000
ICG
Class Of Stock [Line Items]
Common stock shares issued upon conversion of preferred stock shares	1,299,510
Preferred stock shares converted units	259,902	259,902
Series E Convertible Preferred Stock
Class Of Stock [Line Items]
Preferred stock, outstanding				47,840
Preferred stock, issued	47,840	47,840		47,840
Series B Convertible Preferred Stock
Class Of Stock [Line Items]
Preferred stock, outstanding	0	0		315,790
Preferred stock, issued	0	0		315,790

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 19,000	$ 270,000	$ 37,000	$ 287,000
Unrecognized compensation expense	$ 0		$ 0
Granted			0		7,500
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, 2022	Sep. 30, 2021	Sep. 30, 2020
Number of Shares
Outstanding, beginning balance	87,500	119,168
Granted	0	7,500
Exercised	0	(28,668)
Forfeited		(10,500)
Outstanding, ending balance	87,500	87,500	119,168
Exercisable	82,500	78,500
Forfeited		(10,500)
Outstanding, ending balance	87,500	87,500	119,168
Weighted Average Exercise Price
Outstanding, beginning balance	$ 18.81	$ 15.76
Granted	0	40.92
Exercised	0	11.25
Forfeited		20.56
Outstanding, ending balance	18.81	18.81	$ 15.76
Exercisable	17.53	16.29
Outstanding, ending balance	$ 18.81	$ 18.81	$ 15.76
Weighed Average Remaining Contractual Life
Outstanding, ending balance	1 year 3 months 10 days	1 year 9 months 10 days	2 years 8 months 15 days
Exercisable	1 year 2 months 23 days	1 year 8 months 19 days
Outstanding, ending balance	1 year 3 months 10 days	1 year 9 months 10 days	2 years 8 months 15 days
Intrinsic value outstanding balance	$ 2,193	$ 1,626	$ 0
Exercisable	$ 2,144	$ 1,626

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Non-Vested Shares (Details)	6 Months Ended
	Mar. 31, 2022$ / sharesshares
Number of Shares
Outstanding, beginning balance \| shares	9,000
Granted \| shares	0
Vested \| shares	(4,000)
Outstanding, ending balance \| shares	5,000
Weighted-Average Grant-Date Fair Value
Beginning of period \| $ / shares	$ 17.57
Granted \| $ / shares	0
Vested \| $ / shares	20.74
Ending of period \| $ / shares	$ 15.04

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, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Basic
Net income	$ 15,358	$ 8,734	$ 21,904	$ 14,147
Less: preferred stock dividends	$ 0	$ 0	$ 0	$ 0
Weighted average common shares outstanding	3,134,540	1,555,175	3,148,059	1,534,287
Basic earnings per share	$ 4.90	$ 5.62	$ 6.96	$ 9.22
Diluted
Net income applicable to common stock	$ 15,358	$ 8,734	$ 21,904	$ 14,147
Add: preferred stock dividends	0	0	0	0
Net income applicable for diluted earnings per share	$ 15,358	$ 8,734	$ 21,904	$ 14,147
Weighted average common shares outstanding	3,134,540	1,555,175	3,148,059	1,534,287
Add: Options	38,102	87,168	38,825	87,168
Assumed weighted average common shares outstanding	3,172,881	3,284,133	3,187,124	3,263,245
Diluted earnings per share	$ 4.84	$ 2.66	$ 6.87	$ 4.34
Series B Preferred Stock [Member]
Diluted
Add: Preferred Stock		1,593,950		1,593,950
Series E Preferred Stock [Member]
Diluted
Add: Preferred Stock	239	47,840	239	47,840

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	0	33,250

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details)	Jul. 10, 2020USD ($)	Apr. 09, 2020USD ($)	Mar. 31, 2022USD ($)ft²	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)ft²$ / sharesshares	Mar. 31, 2021USD ($)shares	Sep. 30, 2021USD ($)$ / shares
Related Party Transaction [Line Items]
Repurchase of common stock \| shares					65,668	33,926
Exercise price of common stock \| $ / shares					$ 0		$ 40.92
Loan outstanding			$ 60,057,000		$ 60,057,000		$ 54,190,000
Notes Payable Related Parties Current And Noncurrent			4,000,000		$ 4,000,000		4,000,000
Note Payable to the Sellers of Vintage Stock
Related Party Transaction [Line Items]
Loan outstanding							4,200,000
Jon Isaac \| Common Stock
Related Party Transaction [Line Items]
Common stock issued \| shares					217,177
Repurchase of common stock \| shares					25,000
Exercise price of common stock \| $ / shares					$ 10
ICG \| Revolving Credit Facility
Related Party Transaction [Line Items]
Interest rate		10.00%
Maturity date		Apr. 30, 2023
Credit line maximum		$ 1,000,000
ICG \| Jon Isaac
Related Party Transaction [Line Items]
Percentage of capital stock outstanding					48.50%
Isaac Capital Fund, LLC
Related Party Transaction [Line Items]
Notes Payable Related Parties Current And Noncurrent			2,000,000		$ 2,000,000		2,000,000
Isaac Capital Fund, LLC \| Mezzanine Loan
Related Party Transaction [Line Items]
Notes Payable Related Parties Current And Noncurrent			$ 2,000,000		$ 2,000,000		2,000,000
JanOne Inc
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
JanOne Inc \| Rent Income
Related Party Transaction [Line Items]
Related party income from rent and other reimbursed expenses			$ 75,000,000	$ 50,000,000	$ 144,000,000	$ 88,000,000
Vintage Stock Purchase
Related Party Transaction [Line Items]
Interest rate			8.00%		8.00%
Maturity date					Sep. 23, 2023
Vintage Stock Purchase \| Mezzanine Loan
Related Party Transaction [Line Items]
Business combination, issuance of subordinated notes payable					$ 10,000,000
Spriggs Investments, LLC
Related Party Transaction [Line Items]
Notes Payable Related Parties Current And Noncurrent			$ 2,000,000		2,000,000		$ 2,000,000
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
Original principal amount					$ 2,000
Vintage Stock [Member] \| Vintage Stock Purchase
Related Party Transaction [Line Items]
Date of acquisition agreement					Nov. 3, 2016

Commitments and Contingencies_2

Commitments and Contingencies (Additional Information) (Details) $ in Thousands	Feb. 28, 2022USD ($)
Commitments and Contingencies Disclosure [Abstract]
Gain on the settlement of debt	$ 11,400
Write-off on settlement of debts	11,500
Debtor-in-possession liabilities	$ 149,000

Commitments and Contingencies -

Commitments and Contingencies - Summary of Warranty Reserve Activity (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2022USD ($)
Commitments and Contingencies Disclosure [Abstract]
Beginning balance, September 30, 2020	$ 105
Warranties issued/accrued	0
Warranty settlements	0
Ending balance, June 30, 2021	$ 105

Segment Reporting - Summary of

Segment Reporting - Summary of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 69,706	$ 70,890	$ 144,864	$ 133,344
Total gross profit	24,953	26,490	52,569	48,759
Total operating income	8,449	11,125	18,856	18,416
Total depreciation and amortization	1,496	1,705	3,045	3,420
Total interest expenses	858	1,649	1,875	3,119
Total net income before provision for income taxes	18,881	11,923	28,387	18,652
Total net income before provision for income taxes	18,881	11,923	28,388	18,652
Retail
Segment Reporting Information [Line Items]
Total revenues	20,741	24,003	46,952	46,373
Total gross profit	11,110	12,970	24,500	25,017
Total operating income	3,132	(5,071)	7,942	9,564
Total depreciation and amortization	296	391	636	738
Total interest expenses	84	582	236	1,242
Total net income before provision for income taxes	14,593	4,485	19,293	8,658
Flooring Manufacturing
Segment Reporting Information [Line Items]
Total revenues	32,772	32,972	65,644	63,194
Total gross profit	8,580	10,022	17,609	18,347
Total operating income	3,875	6,011	8,483	10,161
Total depreciation and amortization	780	907	1,559	1,872
Total interest expenses	462	648	893	1,058
Total net income before provision for income taxes	3,337	5,171	7,382	8,893
Steel Manufacturing
Segment Reporting Information [Line Items]
Total revenues	14,027	13,793	26,393	23,528
Total gross profit	4,252	3,380	7,867	5,156
Total operating income	2,719	1,742	4,373	1,886
Total depreciation and amortization	281	396	515	789
Total interest expenses	182	288	479	556
Total net income before provision for income taxes	2,002	(2,460)	3,315	2,296
Corporate & Other
Segment Reporting Information [Line Items]
Total revenues	2,166	122	5,875	249
Total gross profit	1,011	118	2,593	239
Total operating income	(1,277)	(1,699)	(1,942)	(3,195)
Total depreciation and amortization	139	11	335	21
Total interest expenses	130	131	267	263
Total net income before provision for income taxes	$ (1,051)	$ (193)	$ (1,602)	$ (1,195)