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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Sep. 30, 2015
ASSETS:    
Cash and cash equivalents (including $126,138 and $53,503, respectively, for cash of Variable Interest Entity) $ 285,396 $ 316,887
Accounts receivable (including $466,560 and $152,481, respectively, for accounts receivable of Variable Interest Entity), net of allowance for doubtful accounts of $289,974 and $245,375, respectively 1,953,933 2,051,477
Prepaid expenses 109,732 97,275
Inventories and other current assets 58,364 47,708
Total current assets 2,407,425 2,513,347
PROPERTY AND EQUIPMENT, net 585,729 704,825
GOODWILL, net 3,207,314 3,207,314
OTHER NON-CURRENT ASSETS 220,407 212,794
Total assets 6,420,875 6,638,280
LIABILITIES:    
Accounts payable 2,105,004 2,185,462
Accrued liabilities (including $82,688 and $34,673, respectively, for accrued liabilities of Variable Interest Entity) 1,838,452 1,404,959
Amounts due to directors and officers 1,092,070 936,132
Deferred revenue 86,172 127,220
Notes and leases payable – current portion, net of discount 2,360,661 2,032,183
Convertible debentures – current portion, net of discount 1,114,393 1,167,899
Total current liabilities 8,596,752 7,853,855
Notes and leases payable, net of current portion and discount 20,607 676,075
Convertible debentures, net of discount 1,156,925
Total liabilities 8,617,359 9,686,855
COMMITMENTS AND CONTINGENCIES
EQUITY (DEFICIT):    
Common stock, par value $.0001 per share; authorized 75,000,000 shares, 23,287,080 and 22,869,580 issued and outstanding, respectively 2,327 2,285
Common stock committed for issue – 2,891,667 and 2,771,667 shares, respectively 268 268
Additional paid-in capital 145,290,314 145,188,932
Obligation to repurchase common shares (221,804) (221,804)
Accumulated deficit (150,395,089) (149,018,256)
Total Onstream Media stockholders’ (deficit) equity (5,323,984) (4,048,575)
Noncontrolling owners’ interest in Variable Interest Entity 3,127,500 1,000,000
Total deficit (2,196,484) (3,048,575)
Total liabilities and deficit $ 6,420,875 $ 6,638,280