v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenue $ 4,002,463 $ 5,393,231 $ 14,173,719 $ 20,219,062
Cost of revenue 3,584,300 3,808,150 10,131,017 12,947,950
Gross profit 418,163 1,585,081 4,042,702 7,271,112
Operating expenses        
Sales, general and administrative 5,735,694 7,769,314 11,906,671 15,727,448
Stock-based compensation 1,112,137 2,475,807 2,440,362 4,266,614
Depreciation and amortization 413,197 235,009 795,072 422,725
Total operating expenses 7,261,028 10,480,130 15,142,105 20,416,787
Loss from operations (6,842,865) (8,895,049) (11,099,403) (13,145,675)
Other income (expense)        
Interest expense (729,274) (919,444) (1,731,464) (1,927,027)
Loss on extinguishment of debt     (25,424)  
Other income (expense) (1,506) 2,624 25,168 2,624
Total other income (expense) (727,768) (922,068) (1,756,632) (1,929,651)
Loss before income taxes (7,570,633) (9,817,117) (12,856,035) (15,075,326)
Income tax (expense)/benefit       (1,230)
Net loss $ (7,570,633) $ (9,817,117) $ (12,856,035) $ (15,076,556)
Basic net loss per common share (in dollars per share) $ (0.11) $ (0.17) $ (0.19) $ (0.27)
Diluted net loss per common share (in dollars per share) $ (0.11) $ (0.17) $ (0.19) $ (0.27)
Weighted average number of basic common shares outstanding (in shares) 71,010,998 56,381,209 68,887,644 56,381,209
Weighted average number of diluted common shares outstanding (in shares) 71,010,998 56,381,209 68,887,644 56,381,209
Advertising and Legacy and other revenue        
Cost of revenue $ 2,833,024 $ 3,177,607 $ 8,572,733 $ 11,635,240
Depreciation and amortization        
Cost of revenue $ 751,276 $ 630,543 $ 1,558,284 $ 1,312,710

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