v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,773,874) $ (12,856,035)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 459,001 1,200,041
Depreciation and amortization expense, PPE 508,761 676,017
Amortization of deferred ATM cost 119,055
Amortization of content assets 387,040 1,558,283
Amortization of right-of-use assets 42,569 10,379
Bad debt expense 139,114 677,882
Loss on extinguishment of debt converted to equity 25,424
Loss on disposal of assets 117,809
Stock-based compensation 1,745,215 2,440,362
Shares issued for consulting fees 124,132
Change in operating assets and liabilities:    
Accounts receivable 1,464,210 1,961,711
Inventory (2,455) 7,604
Prepaid expenses (34,966) 312,880
Deposit (19,994) 2,086
Accounts payable 2,670,623 3,509,252
Accrued liabilities 88,554 (1,945,652)
Accrued royalties and revenue share (1,536,304) 326,279
License content liability (391,334) (751,100)
Operating lease liabilities (42,569) (10,379)
Equipment financing liability 112,379
Deferred income (54,891) 52,983
NET CASH USED IN OPERATING ACTIVITIES (3,233,491) (2,446,417)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (61,594) (473,562)
NET CASH USED IN INVESTING ACTIVITIES (61,594) (473,562)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, registered direct offering 100,000
Proceeds from exercise of warrants 1,480,699
Proceeds from convertible debt 5,000,000
Proceeds from other debt 2,162,900
Proceeds from lines of credit 2,846,040 19,793,104
Repayments on lines of credit (5,235,069) (19,001,212)
Repayments on other debt (1,578,914)
Repayments on equipment financing (130,442)
Shares withheld for taxes for vested RSUs (56,045)
Deferred costs (167,904)
Debt issuance costs (268,442)
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,896,073 2,048,642
Change in cash and cash equivalents (399,012) (871,337)
Cash, beginning of period 824,658 3,068,696
Cash, end of period 425,646 2,197,359
SUPPLEMENTAL DISCLOSURES OF CASH FLOW STATEMENTS    
Cash paid for interest 1,164,760 511,738
Cash paid for income taxes 5,313
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Shares issued for debt conversion 1,103,000 2,455,741
Shares withheld for taxes for vested RSUs 6,904
Unpaid additions to licensed content and internally developed content 200,167
Unpaid deferred costs 36,625
Unpaid additions to property and equipment 592,373 30,820
Leased assets obtained in exchange for new operating lease liabilities $ 215,924