v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Sep. 30, 2024
Current assets    
Cash $ 425,646 $ 824,658
Accounts receivable, net 1,559,249 3,162,573
Prepaid expenses and other current assets 728,350 692,476
Content assets – current 296,804 393,012
Total current assets 3,010,049 5,072,719
Non-current assets    
Deposits 27,260 7,266
Content assets – non-current 88,569 222,401
Property and equipment, net 1,244,057 1,670,253
Right-of-use assets 139,521 173,354
Intangible assets, net 309,222 365,444
Total non-current assets 1,808,629 2,438,718
Total assets 4,818,678 7,511,437
Current liabilities    
Accounts payable 8,074,291 6,250,106
Accrued liabilities 2,936,348 2,911,868
Accrued royalties and revenue share 5,541,760 7,078,064
Equipment financing liability – current 538,918 200,596
License content liabilities – current 261,659 419,564
Deferred income 5,126 60,017
Lease liability – current 72,938 69,395
Revolving line of credit – current 2,837,479
Other debt – current 1,599,602 1,091,771
Total current liabilities 24,793,188 23,009,049
Non-current liabilities    
License content liabilities – non-current 110,000
Equipment financing liability – non-current 769,995 309,761
Lease liability – non-current 66,583 103,959
Revolving line of credit– non-current 2,805,638 1,762,831
Total non-current liabilities 3,642,216 2,286,551
Total liabilities 28,435,404 25,295,600
Commitments and contingencies (Note 9)
Stockholders’ deficit    
Common Stock, $0.0001 par value per share, 225,000,000 shares authorized, 110,985,208 and 80,825,910 shares issued and outstanding as of March 31, 2025, and September 30, 2024, respectively 11,099 8,082
Additional paid-in capital 137,927,194 134,988,900
Accumulated deficit (161,555,019) (152,781,145)
Total stockholders’ deficit (23,616,726) (17,784,163)
Total liabilities and stockholders’ deficit 4,818,678 7,511,437
Nonrelated Party [Member]    
Current liabilities    
Non-revolving line of credit 762,546 1,090,189
Convertible debt 2,000,000
Non-current liabilities    
Revolving line of credit– non-current 875,595
Related Party [Member]    
Current liabilities    
Non-revolving line of credit 1,000,000
Convertible debt 3,000,000
Non-current liabilities    
Revolving line of credit– non-current $ 1,930,043 $ 1,762,831