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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUE:        
Audio and web conferencing $ 2,331,013 $ 2,439,117 $ 6,969,507 $ 7,143,122
Webcasting 1,148,267 1,316,931 3,513,618 3,484,966
Network usage 403,175 455,380 1,252,667 1,438,937
DMSP and hosting 186,420 235,931 614,383 706,131
Other 4,123 37,971 44,677 120,804
Total revenue 4,072,998 4,485,330 12,394,852 12,893,960
COSTS OF REVENUE:        
Audio and web conferencing 627,104 644,756 1,812,784 1,948,290
Webcasting 305,308 310,497 888,070 910,318
Network usage 198,803 197,033 607,767 623,698
DMSP and hosting 6,984 47,056 92,380 122,732
Other 4,272 22,822
Total costs of revenue 1,138,199 1,203,614 3,401,001 3,627,860
GROSS MARGIN 2,934,799 3,281,716 8,993,851 9,266,100
General and administrative:        
Compensation (excluding equity) 1,854,585 1,786,479 5,546,218 5,505,988
Compensation paid with common shares and other equity (8,427) 113,950 194,349 417,351
Professional fees 377,797 327,087 864,520 1,032,490
Other 688,006 587,450 1,969,329 1,743,283
Impairment loss on goodwill and other intangible assets 5,598,021 5,598,021
Depreciation and amortization 167,881 227,456 549,287 662,667
Total operating expenses 8,677,863 3,042,422 14,721,724 9,361,779
(Loss) income from operations (5,743,064) 239,294 (5,727,873) (95,679)
OTHER (EXPENSE) INCOME, NET:        
Interest expense (368,314) (630,120) (1,288,908) (1,531,057)
Debt extinguishment loss (132,427)
Gain from litigation settlement 741,554 741,554
Other (expense) income, net (347) 9,394 (98,316) 12,313
Total other (expense) income, net (368,661) 120,828 (1,387,224) (909,617)
Net (loss) income (6,111,725) 360,122 (7,115,097) (1,005,296)
Net income attributable to noncontrolling owners’ interest in Variable Interest Entity (100,000) (133,333)
Onstream Media shareholders’ net (loss) income $ (6,211,725) $ 360,122 $ (7,248,430) $ (1,005,296)
Onstream Media shareholders’ (loss) income per share – basic and diluted (in Dollars per share) $ (0.24) $ 0.02 $ (0.29) $ (0.04)
Weighted average shares of common stock outstanding – basic and diluted (in Shares) 25,411,247 23,590,587 25,119,891 22,763,248