v3.24.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,285,402) $ (5,259,439)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 396,598 661,335
Depreciation and amortization expense 381,875 187,716
Amortization of content assets 807,007 682,167
Amortization of right-of-use assets   42,779
Bad debt expense 804,664  
Extinguishment of debt converted to equity 338,858  
Loss on early extinguishment of convertible debt 25,424  
Stock-based compensation 1,328,225 1,790,807
Shares issued for capital raise costs 22,500  
Shares issued for consulting fees 124,132  
Change in operating assets and liabilities:    
Accounts receivable (2,534,279) (2,883,253)
Inventory (886) 12,091
Prepaid expenses 319,130 251,644
Deposit (91)  
Accounts payable 2,042,211 (1,375,043)
Accrued liabilities (1,225,987) (2,331,374)
Accrued royalties and revenue share 1,341,727 3,860,199
Licensed content liability (432,266) (2,420,129)
Operating lease liabilities   (45,104)
Deferred income 19,565 2,375
NET CASH USED IN OPERATING ACTIVITIES (1,526,995) (6,823,229)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (394,401) (618,032)
NET CASH USED IN INVESTING ACTIVITIES (394,401) (618,032)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 9,788,286 13,649,036
Deferred costs (75,430) (56,024)
Payment of acquisition related consideration   (250,125)
Repayments on lines of credit (8,529,696) (12,219,595)
Proceeds from exercise of warrants 1,480,699  
Debt issuance costs   (301)
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,663,859 1,122,991
Change in cash and cash equivalents 742,463 (6,318,270)
Cash, beginning of period 3,068,696 14,071,914
Cash, end of period 3,811,159 7,753,644
SUPPLEMENTAL DISCLOSURES OF CASH FLOW STATEMENTS    
Cash paid for interest 295,086 508,118
Cash paid for income taxes   1,230
SUPPLEMENTAL DISCLOSURES OF NON CASH INVESTING AND FINANCING ACTIVITIES    
Shares issued for debt conversion 2,455,741  
Deferred costs for warrants issued for debt 1,003,269  
Unpaid debt issuance costs 7,310 12,808
Unpaid additions to property and equipment 14,400 280,950
Unpaid additions to licensed and internally developed content $ 180,362 $ 2,756,420

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