XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues, net        
Sale of goods revenues $ 2,995,332 $ 1,142,448 $ 7,272,826 $ 1,516,016
Service, software and related revenues 443,342 80,288 800,955 693,526
Total revenues, net 3,438,674 1,222,736 8,073,781 2,209,542
Cost of revenues        
Cost of goods sold 2,751,964 914,220 6,458,086 1,245,102
Cost of services 141,975 91,924 272,820 576,386
 Total cost of revenues 2,893,939 1,006,144 6,730,906 1,821,488
Gross profit 544,735 216,592 1,342,875 388,054
Operating expenses        
Professional fees 709,367 1,296,993 3,231,945 3,719,269
Payroll expenses 996,555 211,129 2,692,474 684,650
Product development 344,871 1,034,612
General and administrative expenses 279,045 222,167 820,837 478,564
Depreciation and amortization 703,367 618,130 2,004,731 1,275,249
Total operating expenses 2,688,334 2,693,290 8,749,987 7,192,344
Loss from operations (2,143,599) (2,476,698) (7,407,112) (6,804,290)
Other income (expense)        
Other income 20,000 20,000
Loss on settlement of debt (19,425)
Unrealized gain/(loss) on equity security (80,500) 78,368
Unrealized gain on derivative asset 719,294 1,544,185
Interest expense, net (7,066,496) (1,495,213) (10,518,094) (7,196,287)
Total other income (expense) (6,407,702) (1,495,213) (8,875,541) (7,215,712)
Net loss $ (8,551,301) $ (3,971,911) $ (16,282,653) $ (14,020,002)
Loss per common share - basic and diluted $ (0.77) $ (0.90) $ (2.32) $ (3.45)
Weighted average common shares outstanding - basic and diluted 11,119,288 4,418,344 7,003,927 4,059,527