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Consolidated Statements of Cash Flows
12 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Cash Flows from Operating Activities:      
Net loss $ (6,571,184) $ (7,069,862) $ (6,128,442)
Adjustments for items not affecting cash:      
Depreciation and amortization 425,763 407,013 252,097
Share-based compensation 1,977,187 2,061,810 4,813,049
Net gain from disposal of fixed assets (477,115) (813,064)
Impairment of goodwill 14,038
Non-cash lease expenses (25,643)
Deferred income tax expense (354,012) 277,874 (207,488)
Changes in operating assets and liabilities      
Accounts receivable and other receivable (414,866) 217,407 118,608
Prepaid expenses 1,020,250 (1,323,593) 614,548
Long-term prepaids (7,500,023)
Operating lease – lease liabilities and right of use assets 25,064 (45,022)
Inventory (7,285) (21,170)
Accounts payable & accrued liabilities 1,112,423 (212,817) (1,320,563)
Deferred revenue 1,274,677 233,493 (1,283,314)
Income tax receivable 7,399 254,342 2,293
Student deposits (46,040) (635,778)
Net cash used in operating activities (9,481,722) (5,252,527) (4,613,697)
Cash Flows from Investing Activities:      
Purchase of property and equipment (40,343) (14,231) (51,410)
Collection (addition) of notes receivable (305,000)
Repayment to related parties (270,000)
Share buyback (1,250,007)
Acquisition of additional interest in subsidiary (187,505)
Net cash acquired from (used for) business acquisitions 574,108 (1,945,931)
Proceeds from sale of fixed assets 757,115 1,920,861
Net cash provided from (used in) investing activities 716,772 (877,635) (651,480)
Cash Flows from Financing Activities:      
Long term investment received for Gilmore 3,737,727
Share issuances, net of issuance costs 800,000 200,000
Proceeds borrowed from third party 409,956
Net cash provided from financing activities 4,947,683 200,000
Effect of exchange rate changes on cash and cash equivalents 470 (7,346) (28,938)
Net increase/(decrease) in cash, cash equivalents (3,816,797) (6,137,508) (5,094,115)
Cash and cash equivalents and restricted cash, beginning of year 5,305,551 11,443,059 16,537,174
Cash and cash equivalents and restricted cash, end of year 1,488,754 5,305,551 11,443,059
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Interest paid
Income taxes paid 10,787 10,575 14,166
Non-cash investing activities – acquisition of operating lease right-of-used assets 2,267,597 561,247 574,483
Non-cash investing activities – assumption of operating lease obligation $ 2,238,099 $ 572,564 $ 574,483