XML 76 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 23, 2019
Sep. 30, 2018
Sep. 23, 2018
Cash Flows from Operating Activities        
Net loss $ (26,116,932) $ (26,116,932) $ (47,006,165) $ (47,006,165)
Stock based compensation   1,993,043   1,502,343
Impairment expense   6,915,186   1,896,090
Commitment issued for debt financing     218,626
Depreciation and amortization   1,902,981   854,981
Amortization of capitalized software   1,453,635   1,379,483
Loss on derivative liability     38,964,688
Loss on settlement of debt   19,425   41,092
Provision for bad debts   258,255  
Amortization of debt discount   $ 7,563,829   $ 638,090
Shares issued as interest expense   1,400,000  
Changes in assets and liabilities        
(Increase) decrease in prepaid expenses and other current assets   $ (1,082,769)   $ 18,725
Increase in contract assets   (4,638)   (52,439)
Increase (decrease) in contract liabilities, net   499,401   (16,000)
(Increase) decrease in accounts receivable   (1,001,830)   7,806
Increase in accounts payable   723,832   44,807
Increase (decrease) in due to related parties   (221,407)   247,352
Net cash used in operating activities   (5,697,989)   (1,260,521)
Cash Flows from investing        
Purchase of intangible assets   (2,150)   (7,915)
Purchase of fixed assets   (102,761)   (15,227)
Investment in capitalized software   (569,042)   (396,090)
Net cash used in investing activities   (673,953)   (419,232)
Cash Flows from Financing Activities        
Payments on promissory notes   (625,344)   (101,143)
Proceeds from promissory notes     672,500
Proceeds from related party debts   75,030   382,790
Payments on related party debts   (457,820)   (73,333)
Proceeds from convertible debt, net of issuance costs   14,995,000   837,750
Payments on convertible debts 12,000,000 555,000 555,000
Proceeds from exercise of warrants   4,356   44,938
Proceeds from issuance of common stock   361,800   271,900
Net cash from financing activities   13,798,022   2,035,402
Net increase in Cash   7,426,080   355,649
Cash, beginning of period $ 412,777 412,777 57,128 57,128
Cash, end of period   7,838,857 412,777 412,777
Supplemental disclosure of cash flow information        
Cash paid for interest   55,493   106,970
Cash paid for tax    
Non-cash investing and financing transactions        
Shares issued as collateral returned to treasury   38  
Stock issued to settle promissory notes   51,225  
Stock issued to settle accounts payable     $ 75,734
Debt discount on convertible debt   14,995,000   837,750
Shares and warrants issued for asset acquisition   6,072,024  
Shares issued for conversion of debt and accrued interest   5,400,000   463,204
Insurance premiums financed   78,603  
Financing of prepaid insurance     32,450
Debt discount on promissory note     281,373
Recognition of derivative due to tainted equity environment     12,537,117
Resolution of derivative liability reclassified to additional paid in capital   $ 52,291,024 $ 52,291,024
Shares issued and held in escrow as collateral     30
Cashless exercise of warrants   $ 218   $ 46
Option expense capitalized as software development costs   68,750   60,175