10. RELATED PARTY TRANSACTIONS

6 Months Ended

Mar. 31, 2021

Related Party Transactions [Abstract]

10. RELATED PARTY TRANSACTIONS

10. RELATED PARTY TRANSACTIONS 

Zachary Bradford – Chief Executive Officer and Director

During the six months ended March 31, 2021, the Company paid Blue Chip Accounting, LLC (“Blue Chip”) $90,365 for accounting, tax, administrative services and reimbursement for office supplies. Blue Chip is 50% beneficially owned by Mr. Bradford. None of the services were associated with work performed by Mr. Bradford. The services consisted of bookkeeping, accounting, and administrative support assistance. The Company also sub-leases office space from Blue Chip (see Note 15 for additional details). During the six months ended March 31, 2021, $9,150 was paid to Blue Chip for rent.

Matthew Schultz - Chairman of the Board

The Company entered into an agreement on November 15, 2019 with an organization to provide general investor relations and consulting services that Mr. Schultz is affiliated with. The Company paid the organization $49,500 in fees plus $176,000 in expense reimbursements for the six months ended March 31, 2020. The agreement was terminated in March 2020.