v3.24.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (24,495,602) $ (31,963,679)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 1,900,269 6,721,476
Depreciation and amortization expense, PP&E 1,414,537 1,003,502
Amortization of deferred ATM cost 633,902 65,497
Amortization of content assets 3,024,804 2,946,404
Amortization of right-of-use assets 42,569 76,696
Bad debt expense 708,990 630,629
Capital raise expense 110,363
Loss on early extinguishment of debt converted to equity 25,424
Loss on disposal of asset 315,863
Stock-based compensation 4,232,673 7,997,849
Stock-based compensation, restructuring costs 596,938
Shares issued for consulting fees 124,132
Change in operating assets and liabilities:    
Accounts receivable 2,340,252 5,748,526
Inventory 6,458 3,593
Prepaid expenses 288,670 505,369
Deposit 4,788 51,835
Accounts payable 1,158,293 (2,474,881)
Accrued liabilities (525,887) (2,074,535)
Accrued royalties and revenue share 2,147,735 371,241
License content liability (813,438) (4,585,393)
Operating lease liabilities (42,569) (75,529)
Deferred income 60,017 (140,764)
NET CASH USED IN OPERATING ACTIVITIES (7,337,757) (14,595,226)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (196,976) (1,969,447)
NET CASH USED IN INVESTING ACTIVITIES (196,976) (1,969,447)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from lines of credit 29,560,804 46,237,319
Repayment on lines of credit (27,543,605) (47,906,217)
Repayment on equipment financing (83,176)
Proceeds from issuance of common stock, ATM 8,724,855
Proceeds from issuance of common stock, registered direct offering 1,181,250
Proceeds from issuance of pre-funded warrants 1,269,876
Proceeds from exercise of warrants 1,480,699
Proceeds from exercise of stock options 64,061
Common stock issuance cost (423,830) (105,252)
Deferred costs (809,905)
Shares withheld for taxes for vested RSUs (56,016)
Payment of acquisition related consideration (250,128)
Debt issuance costs (95,307) (313,149)
Shares issued for capital raise costs 5,000
Public offering issuance cost (86,330)
Short swing profit recovery 1,201
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,290,695 5,561,455
Change in cash and cash equivalents (2,244,038) (11,003,218)
Cash, beginning of period 3,068,696 14,071,914
Cash, end of period 824,658 3,068,696
SUPPLEMENTAL DISCLOSURES OF CASH FLOW STATEMENTS    
Cash paid for interest 893,509 1,536,370
Cash paid for income taxes 20,273
SUPPLEMENTAL DISCLOSURES OF NON CASH INVESTING AND FINANCING ACTIVITIES    
Shares issued for debt conversion 2,455,741
Shares issued for debt, recorded as debt discount 3,847,035
Warrants issued in conjunction with debt 1,218,247 447,897
Unpaid additions to property and equipment 105,840 319,696
Unpaid additions to licensed content and internally developed content 363,835 265,749
Unpaid deferred costs 129,667
Leased assets obtained in exchange for new operating lease liabilities $ 215,924

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