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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
9 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (14,921,110) $ (17,847,682)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 1,532,792 954,080
Depreciation and amortization expense 195,666 1,452,799
Amortization of license content assets 933,036 402,676
Amortization of right-of-use assets 118,719 107,248
Bad debt expense 20,000 208,791
Gain on extinguishment of debt (490,051) (579,486)
Loss on early extinguishment of convertible debt 944,614  
Change in fair value of derivative (164,708)  
Warrants issued for consulting services 254,014  
Warrants issued for severance   82,000
Stock-based compensation 3,948,272 7,528,800
Payment in kind for interest stock issuance 177,000  
Gain on settlement of obligations   (13,900)
Loss on settlement of obligations   15,000
Equity method investment income   (1,551)
Impairment of intangible assets   2,390,799
Change in operating assets and liabilities:    
Accounts receivable (10,049,799) (131,732)
Prepaid income tax (1,842) 99,905
Inventory 210,494 11,979
Prepaid expenses (741,364) (231,450)
Deposit (29,590) 227,000
Accounts payable 2,558,353 (175,305)
Accrued expenses 5,269,758  
Accrued royalties 2,683,245  
License contract liability (1,109,750) (1,451,000)
Operating lease liabilities (123,453) (107,558)
Deferred income (47,252) 18,552
NET CASH USED IN OPERATING ACTIVITIES (8,832,956) (7,040,035)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for acquisition of EON Media Group, net of cash acquired   (750,000)
Cash paid for acquisition of EON Media Group, net of cash acquired   (749,937)
Purchase of property and equipment (956,889) 2,752
Collection of note receivable   1,477
NET CASH USED IN INVESTING ACTIVITIES (956,889) (1,495,708)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 1,250,000 4,385,000
Proceeds from PPP loan   486,637
Proceeds from issuance of preferred stock   1,000,000
Proceeds from issuance of convertible debt 2,079,993 2,950,000
Proceeds from non-revolving line of credit 6,222,986  
Repayment of convertible debt (2,715,865) (36,078)
Repayment of stockholder loans   (292,336)
Shares issued for cash   (1,000,000)
Share issuance costs   (80,134)
Reverse merger costs   80,134
Deferred offering costs (500,092)  
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,337,022 7,493,223
Change in cash and cash equivalents (3,452,823) (1,042,520)
Cash, beginning of period 4,162,548 1,971,923
Cash, end of period 709,725 929,403
SUPPLEMENTAL DISCLOSURES OF CASH FLOW STATEMENTS    
Cash paid for interest 153,009 105,627
Cash paid for income taxes 1,051  
SUPPLEMENTAL DISCLOSURES OF NON CASH INVESTING AND FINANCING ACTIVITIES    
Common Stock issued to acquire intangible assets   2,671,233
Conversion of convertible debenture to common stock   376,356
Common Stock issued for equity investment in unconsolidated entity   863,480
Common Stock issued for acquisition   5,689,755
Early extinguishment of convertible debt 944,614  
Payment in kind common stock payment 177,000 41,979
Warrants issued in conjunction with debt 3,036,970  
Warrants issued as debt discount on convertible debenture   187,945
Beneficial conversion feature recorded as discounted debt 2,079,993 2,762,055
Prepaid common stock paid to consultant   200,000
Unpaid deferred offering costs $ 40,017  
Shares issued for common stock subscribed   485,144
Accrued interest rolled into convertible note   81,824
Common Stock issued for content license assets   2,260,799
Preferred shares issued for debt settlement   1,006,584
Preferred Stock Class A    
SUPPLEMENTAL DISCLOSURES OF NON CASH INVESTING AND FINANCING ACTIVITIES    
Conversion of Preferred stock to common stock   $ 307