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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Sep. 30, 2024
Sep. 30, 2023
Current assets:      
Cash $ 2,337,424 $ 2,777,125 $ 2,822,509
Accounts receivable, net of allowances for credit losses of $51,342 and$27,282 as of December 31, 2024 and September 30, 2024, respectively 2,500,753 2,308,425 3,848,987
Contract assets 884,703 1,272,993 975,745
Prepaid expenses and other current assets 348,411 382,832 321,981
Assets held for sale 2,558,693 2,908,039 3,403,002
Total current assets 8,629,984 9,649,414 11,372,224
Property and equipment, net 192,884 218,025 272,041
Intangible assets, net 627,197 680,386 893,143
Goodwill 1,333,682 1,558,682 1,758,682
Operating lease right-of-use assets, net 2,639,821 2,593,112 3,021,315
Other assets 68,737 68,737 68,737
Total assets 13,492,305 14,768,356 17,386,142
Current liabilities:      
Note payable to Forward China (related party) 600,000 600,000 0
Accounts payable 150,098 103,581 495,449
Deferred income 278,607 399,439 297,407
Current portion of operating lease liability 454,509 404,056 416,042
Accrued expenses and other current liabilities 441,046 571,662 1,310,945
Liabilities held for sale 6,862,552 7,292,858 8,316,256
Total current liabilities 8,786,812 9,371,596 10,836,099
Other liabilities:      
Note payable to Forward China (related party)   0 1,100,000
Operating lease liability, less current portion 2,426,196 2,429,726 2,833,782
Total liabilities 11,213,008 11,801,322 14,769,881
Commitments and contingencies
Shareholders' equity:      
Series A-1 Convertible Preferred Stock, par value $0.01 per share; stated value of $1,000 per share; 2,700 shares authorized, 2,200 shares issued and outstanding at December 31, 2024 and September 30, 2024 (liquidation preference of $2,200,000) 2,200,000 2,200,000 0
Common stock, 40,000,000 shares authorized; par value $0.01 per share;1,101,069 shares issued and outstanding at December 31, 2024 and September 30, 2024 11,011 11,011 11,011
Additional paid-in capital 20,413,491 20,393,163 20,291,803
Accumulated deficit (20,345,205) (19,637,140) (17,686,553)
Total shareholders' equity 2,279,297 2,967,034 2,616,261
Total liabilities and shareholders' equity $ 13,492,305 $ 14,768,356 $ 17,386,142