CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
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Income Statement [Abstract] | ||||
Revenues | $ 2,939,405 | $ 2,674,406 | $ 15,210,436 | $ 3,945,897 |
Cost of revenues | 1,796,359 | 2,379,458 | 8,895,338 | 2,746,465 |
Gross profit | 1,143,046 | 294,948 | 6,315,098 | 1,199,432 |
Operating expenses: | ||||
General and administrative expenses | 3,941,273 | 1,606,928 | 7,429,372 | 3,658,497 |
Sales and marketing expenses | 899,526 | 159,555 | 4,540,708 | 409,061 |
Impairment of intangible assets | 445,884 | 0 | 445,884 | 0 |
Total operating expenses | 5,286,683 | 1,766,483 | 12,415,964 | 4,067,558 |
Operating loss | (4,143,637) | (1,471,535) | (6,100,866) | (2,868,126) |
Other expense: | ||||
Interest expense, net | (5,678) | (172,708) | (4,202,622) | (284,082) |
Other income | (59,076) | 126,093 | (31,137) | 284,480 |
Gain (loss) on derivative liability | 0 | (23,751) | 83,580 | (58,185) |
Total other expense, net | (64,754) | (70,366) | (4,150,179) | (57,787) |
Net loss | $ (4,208,391) | $ (1,541,901) | $ (10,251,045) | $ (2,925,913) |
Loss per share - basic and diluted: | $ (.26) | $ (.11) | $ (.65) | $ (.23) |
Weighted average common shares outstanding - Basic and diluted | 16,151,289 | 13,798,880 | 15,766,001 | 12,751,344 |
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- Definition Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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