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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Sep. 30, 2014
ASSETS:    
Cash and cash equivalents $ 406,232 $ 389,015
Accounts receivable (including $231,748 and none, respectively, for accounts receivable of Variable Interest Entity), net of allowance for doubtful accounts of $241,589 and $171,821, respectively 2,171,553 2,082,379
Prepaid expenses 104,082 124,826
Inventories and other current assets 35,827 37,935
Total current assets 2,717,694 2,634,155
PROPERTY AND EQUIPMENT, net 1,598,064 1,790,498
INTANGIBLE ASSETS, net 526,917
GOODWILL, net 3,207,314 8,358,604
OTHER NON-CURRENT ASSETS 234,695 201,609
Total assets 7,757,767 13,511,783
LIABILITIES:    
Accounts payable 2,032,811 1,697,202
Accrued liabilities (including $34,704 and none, respectively, for accrued liabilities of Variable Interest Entity) 1,487,782 1,414,424
Amounts due to directors and officers 915,624 882,566
Deferred revenue 105,573 77,624
Notes and leases payable – current portion, net of discount 2,421,141 2,451,681
Convertible debentures – current portion, net of discount 919,261
Total current liabilities 7,882,192 6,523,497
Notes and leases payable, net of current portion and discount 479,783 1,015,379
Convertible debentures, net of discount 1,137,988 1,632,952
Total liabilities 9,499,963 9,171,828
COMMITMENTS AND CONTINGENCIES
EQUITY (DEFICIT):    
Common stock, par value $.0001 per share; authorized 75,000,000 shares, 22,794,580 and 21,964,580 issued and outstanding, respectively 2,277 2,194
Common stock committed for issue – 2,616,667 and 2,566,667 shares, respectively 256 256
Additional paid-in capital 145,146,752 144,991,985
Obligation to repurchase common shares (221,804) (233,233)
Accumulated deficit (147,669,677) (140,421,247)
Total Onstream Media stockholders’ (deficit) equity (2,742,196) 4,339,955
Noncontrolling owners’ interest in Variable Interest Entity 1,000,000
Total (deficit) equity (1,742,196) 4,339,955
Total liabilities and equity $ 7,757,767 $ 13,511,783