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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Sep. 30, 2014
ASSETS    
Cash and cash equivalents (including $53,503 and none, respectively, for cash of Variable Interest Entity) $ 316,887 $ 389,015
Accounts receivable (including $152,481 and none, respectively, for accounts receivable of Variable Interest Entity), net of allowance for doubtful accounts of $245,375 and $171,821, respectively 2,051,477 2,082,379
Prepaid expenses 97,275 124,826
Inventories and other current assets 47,708 37,935
Total current assets 2,513,347 2,634,155
PROPERTY AND EQUIPMENT, net 704,825 1,790,498
INTANGIBLE ASSETS, net   526,917
GOODWILL, net 3,207,314 8,358,604
OTHER NON-CURRENT ASSETS 212,794 201,609
Total assets 6,638,280 13,511,783
LIABILITIES AND EQUITY (DEFICIT)    
Accounts payable 2,185,462 1,697,202
Accrued liabilities (including $34,673 and none, respectively, for accrued liabilities of Variable Interest Entity) 1,404,959 1,414,424
Amounts due to directors and officers 936,132 882,566
Deferred revenue 127,220 77,624
Notes and leases payable – current portion, net of discount 2,032,183 2,451,681
Convertible debentures – current portion, net of discount 1,167,899  
Total current liabilities 7,853,855 6,523,497
Notes and leases payable, net of current portion and discount 676,075 1,015,379
Convertible debentures, net of current portion and discount 1,156,925 1,632,952
Total liabilities 9,686,855 9,171,828
COMMITMENTS AND CONTINGENCIES
EQUITY (DEFICIT):    
Common stock, par value $.0001 per share; authorized 75,000,000 shares, 22,869,580 and 21,964,580 issued and outstanding, respectively 2,285 2,194
Common stock committed for issue – 2,771,667 and 2,566,667 shares, respectively 268 256
Additional paid-in capital 145,188,932 144,991,985
Obligation to repurchase common shares (221,804) (233,233)
Accumulated deficit (149,018,256) (140,421,247)
Total Onstream Media stockholders’ (deficit) equity (4,048,575) 4,339,955
Noncontrolling owners’ interest in Variable Interest Entity 1,000,000  
Total (deficit) equity (3,048,575) 4,339,955
Total liabilities and (deficit) equity $ 6,638,280 $ 13,511,783