v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Revenue | $ 5,734,976 | $ 10,804,083 | $ 25,954,038 | $ 18,679,956 |
| Cost of revenue | 3,911,733 | 7,018,283 | 16,859,683 | 11,978,477 |
| Gross profit | 1,823,243 | 3,785,800 | 9,094,355 | 6,701,479 |
| Operating expenses | ||||
| Sales, general and administrative | 6,284,514 | 5,942,793 | 22,011,961 | 14,956,990 |
| Stock-based compensation | 2,592,369 | 1,479,774 | 6,858,983 | 4,202,286 |
| Restructuring costs | 146,672 | 146,672 | ||
| Depreciation and amortization | 295,008 | 130,864 | 717,733 | 195,666 |
| Total operating expenses | 9,318,563 | 7,553,431 | 29,735,349 | 19,354,942 |
| Loss from operations | (7,495,320) | (3,767,631) | (20,640,994) | (12,653,463) |
| Other income (expense) | ||||
| Interest income | 200 | |||
| Interest expense | (962,718) | (978,435) | (2,889,745) | (1,976,941) |
| Loss on extinguishment of debt | (944,614) | (944,614) | ||
| Gain on extinguishment of debt | 490,051 | |||
| Change in fair value of derivatives | 18,395 | 164,708 | ||
| Employee retention credits | 648,543 | 648,543 | ||
| Other expense | (65,643) | (68,267) | ||
| Total other income (expense) | (379,818) | (1,904,654) | (2,309,469) | (2,266,596) |
| Loss before income taxes | (7,875,138) | (5,672,285) | (22,950,463) | (14,920,059) |
| Income tax (expense)/benefit | (394) | 0 | (1,624) | (1,051) |
| Net loss | $ (7,875,532) | $ (5,672,285) | $ (22,952,087) | $ (14,921,110) |
| Basic net loss per common share (in dollars per share) | $ (0.14) | $ (0.11) | $ (0.41) | $ (0.32) |
| Diluted net loss per common share (in dollars per share) | $ (0.14) | $ (0.11) | $ (0.41) | $ (0.32) |
| Weighted average number of basic common shares outstanding (in shares) | 56,604,812 | 51,172,644 | 56,455,743 | 47,061,092 |
| Weighted average number of diluted common shares outstanding (in shares) | 56,604,812 | 51,172,644 | 56,455,743 | 47,061,092 |
| Advertising and Legacy and other revenue | ||||
| Cost of revenue | $ 3,132,568 | $ 6,742,460 | $ 14,767,807 | $ 11,045,440 |
| Depreciation and amortization | ||||
| Cost of revenue | $ 779,165 | $ 275,823 | $ 2,091,876 | $ 933,037 |
| X | ||||||||||
- Definition The amount of aggregate benefit, during the period, from Employee Retention tax credits. No definition available.
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| X | ||||||||||
- Definition The amount of gain on extinguishment of debt. No definition available.
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| X | ||||||||||
- Definition The amount of loss on extinguishment of debt. No definition available.
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| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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