DEBT (Tables)

9 Months Ended

Jun. 30, 2023

Debt Instruments [Abstract]

Schedule of classifications of non-revolving line of credit

Lines of Credit as of June 30, 2023:
						Unpaid		Contractual
		Net Carrying Value				Principal		Interest Rates	Contractual	Warrants
Related party lines of credit:		Current		Long Term		Balance		Cash	Maturity Date	issued
$4,022,986 non-revolving line of credit, amended December 12, 2022		$	3,293,289	$	—	$	4,022,986	12%	5/25/2024	383,141
$2,200,000 non-revolving line of credit, May 31, 2023			2,200,000		—		2,200,000	10.50%	8/31/2023	—
$2,650,000 non-revolving line of credit, May 10, 2023			—		—		—	12%	5/10/2025	—
Total related party lines of credit, net		$	5,493,289	$	—	$	6,222,986
Lines of credit:
$2,200,000 non-revolving line of credit, May 13, 2022		$	1,967,157	$	—	$	2,200,000	12%	11/13/2023	314,286
$1,350,000 non-revolving line of credit, May 10, 2023			—		409,632		900,000	12%	5/10/2025	83,142
$6,000,000 revolving line of credit, July 29, 2022			—		2,246,060		3,155,361	Greater of 4% or Prime	7/29/2024	—
Total lines of credit, net		$	1,967,157	$	2,655,692	$	6,255,361
Lines of Credit as of September 30, 2022:
						Unpaid		Contractual
		Net Carrying Value				Principal		Interest Rates	Contractual	Warrants
Related party lines of credit:		Current		Long Term		Balance		Cash	Maturity Date	issued
$4,022,986 non-revolving line of credit, April 25, 2022	(1)	$	—	$	2,575,753	$	4,022,986	12%	10/25/2023	383,141
Total related party lines of credit, net		$	—	$	2,575,753	$	4,022,986
Lines of credit:
$2,200,000 non-revolving line of credit, May 13, 2022	(2)	$	—	$	1,494,469	$	2,200,000	12%	11/13/2023	314,286
$6,000,000 revolving line of credit, July 29, 2022			—		3,030,516		4,543,560	Greater of 4% or Prime	7/29/2024	—
Total lines of credit, net		$	—	$	4,524,985	$	6,743,560

Schedule of interest expense related to the contractual interest coupon and the amortization of debt discounts on the convertible debentures

	Three months ended June 30,				Nine months ended June 30,
		2023		2022		2023		2022
Interest expense	$	364,604	$	247,622	$	1,037,499	$	502,310
Amortization of debt discounts		597,674		819,313		1,842,003		1,532,792
Total	$	962,278	$	1,066,935	$	2,879,502	$	2,035,102
Maturity analysis under the line of credit agreements for the fiscal years ended September 30,
2023	$	2,200,000
2024		9,378,347
2025		900,000
2026		—
2027		—
Lines of credit, related and non-related party		12,478,347
Less: Debt discount on lines of credit payable		(2,362,186)
Total Lines of credit payable, related and non-related party, net	$	10,116,161

Schedule of maturity analysis under line of credit agreements

	Three months ended June 30,				Nine months ended June 30,
		2023		2022		2023		2022
Interest expense	$	364,604	$	247,622	$	1,037,499	$	502,310
Amortization of debt discounts		597,674		819,313		1,842,003		1,532,792
Total	$	962,278	$	1,066,935	$	2,879,502	$	2,035,102
Maturity analysis under the line of credit agreements for the fiscal years ended September 30,
2023	$	2,200,000
2024		9,378,347
2025		900,000
2026		—
2027		—
Lines of credit, related and non-related party		12,478,347
Less: Debt discount on lines of credit payable		(2,362,186)
Total Lines of credit payable, related and non-related party, net	$	10,116,161