v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Sep. 30, 2024
Current assets    
Cash $ 109,692 $ 824,658
Accounts receivable, net 1,043,415 3,162,573
Prepaid expenses and other current assets 547,616 692,476
Content assets – current 142,441 393,012
Total current assets 1,843,164 5,072,719
Non-current assets    
Deposits 87,260 7,266
Content assets – non-current 76,329 222,401
Property and equipment, net 955,071 1,670,253
Right-of-use assets 121,961 173,354
Intangible assets, net 281,111 365,444
Total non-current assets 1,521,732 2,438,718
Total assets 3,364,896 7,511,437
Current liabilities    
Accounts payable 9,438,530 6,250,106
Accrued liabilities 3,228,529 2,911,868
Accrued royalties and revenue share 4,672,437 7,078,064
Equipment financing liability – current 635,842 200,596
License content liabilities – current 153,332 419,564
Deferred income 11,292 60,017
Lease liability – current 74,777 69,395
Revolving line of credit – current 2,837,479
Other debt – current 851,291 1,091,771
Other liabilities - current 316,429
Total current liabilities 25,235,127 23,009,049
Non-current liabilities    
License content liabilities – non-current 110,000
Equipment financing liability – non-current 778,834 309,761
Lease liability – non-current 47,185 103,959
Revolving line of credit, related party – non-current 2,013,648 1,762,831
Non-revolving line of credit – non-current 1,927,047
Total non-current liabilities 4,766,714 2,286,551
Total liabilities 30,001,841 25,295,600
Commitments and contingencies (Note 9)
Stockholders’ deficit    
Common Stock, $0.0001 par value per share, 225,000,000 shares authorized, 113,635,408 and 80,825,910 shares issued and outstanding as of June 30, 2025, and September 30, 2024, respectively 11,364 8,082
Additional paid-in capital 138,311,571 134,988,900
Accumulated deficit (164,959,880) (152,781,145)
Total stockholders’ deficit (26,636,945) (17,784,163)
Total liabilities and stockholders’ deficit 3,364,896 7,511,437
Nonrelated Party [Member]    
Current liabilities    
Non-revolving line of credit 700,000 1,090,189
Convertible debt 2,152,668
Related Party [Member]    
Current liabilities    
Non-revolving line of credit 1,000,000
Convertible debt $ 3,000,000