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LIVE VENTURES Inc Leases Disclosure

10-KFiled Dec 17, 20252 min read
Note 5:    Leases
The following table details the Company's right of use assets and lease liabilities as of September 30, 2025 and 2024, respectively (in $000’s):
September 30,
2025		September 30,
2024
Right of use asset - operating leases$53,097 $55,701 
Lease liabilities:
Current - operating11,495 12,885 
Current - finance573 368 
Long term - operating46,375 50,111 
Long term - finance42,269 41,677 
As discussed in Note 3, on May 15, 2024, Precision Marshall acquired Central Steel Fabricators (“Central Steel”), a Chicago-based manufacturer of specialized fabricated metal products primarily for data centers and the communications industry. As of the date of execution, Central Steel sold the acquired real property in exchange for which Central Steel entered into a 20-year lease, with two options to renew for an additional five years each, which the Company is reasonably certain to exercise. This transaction is being treated as a failed sales and leaseback for accounting purposes, as described in ASC 842 “Leases”.
The weighted average remaining lease term for operating leases is 9.7 years. The Company’s weighted average discount rate for operating leases is 9.71%. Total cash payments for operating leases for the year ended September 30, 2025 were approximately $18.5 million.
Total present value of future lease payments of operating leases as of September 30, 2025 (in 000’s):
Twelve months ended September 30,
2026$16,163 
202713,569 
202811,047 
20298,383 
20305,633 
Thereafter28,790 
Total83,585 
Less implied interest(25,715)
Present value of payments$57,870 
The weighted average remaining lease term for finance leases is 26.2 years. The Company’s weighted average discount rate for finance leases is 11.33%. Total cash payments for finance leases for the year ended September 30, 2025 were approximately $4.2 million.
The Company records finance lease right-of-use assets as property and equipment. The balance, as of September 30, 2025 and 2024 is as follows (in $000’s):
September 30,
2025		September 30,
2024
Property and equipment, at cost$27,102 $26,495 
Accumulated depreciation(2,250)(1,662)
Property and equipment, net$24,852 $24,833 
Total present value of future lease payments of finance leases as of September 30, 2025 (in 000’s):
Twelve months ended September 30,
2026$4,193 
20274,275 
20284,394 
20294,529 
20304,535 
Thereafter121,669 
Total143,595 
Less implied interest(100,753)
Present value of payments$42,842 

Historical Timeline

Fiscal YearFiled
2025Dec 17, 2025Showing above
2024Dec 19, 2024
2023Dec 22, 2023
2022Dec 16, 2022
2021Dec 28, 2021
2020Jan 13, 2021

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

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