SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
Mar. 31, 2023 |
Accounting Policies [Abstract] |
|
Schedule of disaggregated revenue |
|
|
|
|
|
|
For the three months ended
|
|
|
March 31, 2023
|
March 31, 2022
|
Licensing of ReadyOp Software
|
|
$ 492,969
|
$ 461,123
|
Hardware Sales and Consulting
|
|
17,699
|
9,500
|
Total
|
|
$ 510,668
|
$ 470,623
|
|
|
|
|
|
|
For the six months ended
|
|
|
March 31, 2023
|
March 31, 2022
|
Licensing of ReadyOp Software
|
|
$ 953,214
|
$ 910,623
|
Hardware Sales and Consulting
|
|
64,104
|
79,185
|
Total
|
|
$ 1,017,318
|
$ 989,808
|
|
Schedule of deferred revenue |
|
|
|
|
|
For the three
|
|
For the
|
|
months
|
|
Year |
|
ended
|
|
ended
|
|
March 31, 2023
|
|
September 30, 2022
|
Beginning balance
|
$ 1,125,511
|
|
$ 1,131,796
|
Additions to contract liabilities (1)
|
815,171
|
|
2,011,278
|
Deductions to contract liabilities (2)
|
(1,017,318)
|
|
(2,017,563)
|
Ending balance
|
$ 923,364
|
|
$ 1,125,511
|
|
|
|
|
(1) Customer billings for services not yet rendered
|
|
|
|
(2) Revenue recognized in the current year related to the beginning liability
|
|
|
|
|
Schedule of diluted earnings per share |
|
|
|
|
|
|
|
For the
|
For the
|
|
|
three months
|
three months
|
|
|
ended
|
ended
|
|
|
March 31, 2023
|
March 31, 2022
|
Net income attributable to common stockholders for the period
|
$
|
64,710
|
$
|
95,537
|
|
|
|
|
|
Weighted average number of shares outstanding
|
|
228,780,695
|
|
228,359,918
|
|
|
|
|
|
Basic earnings per share
|
$
|
0.00
|
$
|
0.00
|
|
|
|
|
|
|
|
For the
|
For the
|
|
|
six months
|
six months
|
|
|
ended
|
ended
|
|
|
March 31, 2023
|
March 31, 2022
|
Net income attributable to common stockholders for the period
|
$
|
71,450
|
$
|
145,440
|
|
|
|
|
|
Weighted average number of shares outstanding
|
|
228,704,541
|
|
228,359,918
|
|
|
|
|
|
Basic earnings per share
|
$
|
0.00
|
$
|
0.00
|
|
Schedule of computation of diluted earnings per share |
|
|
|
|
|
|
|
For the
|
For the
|
|
|
three months
|
three months
|
|
|
ended
|
ended
|
|
|
March 31, 2023
|
March 31, 2022
|
Net income attributable to common stockholders for the period
|
$
|
64,710
|
$
|
95,537
|
Add: Preferred stock dividends
|
|
10,119
|
|
10,119
|
|
|
|
|
|
Adjusted net income
|
$
|
74,829
|
$
|
105,656
|
|
|
|
|
|
Weighted average number of shares outstanding
|
|
228,780,695
|
|
228,359,918
|
Add: Shares issued upon conversion of preferred stock
|
|
370,701,635
|
|
371,361,635
|
Weighted average number of common and common equivalent shares
|
|
599,482,330
|
|
599,721,553
|
|
|
|
|
|
Diluted earnings per share
|
$
|
0.00
|
$
|
0.00
|
|
|
|
|
|
|
|
For the
|
For the
|
|
|
six months
|
six months
|
|
|
ended
|
ended
|
|
|
March 31, 2023
|
March 31, 2022
|
Net income attributable to common stockholders for the period
|
$
|
71,450
|
$
|
145,440
|
Add: Preferred stock dividends
|
|
20,463
|
|
20,463
|
|
|
|
|
|
Adjusted net income
|
$
|
91,913
|
$
|
165,903
|
|
|
|
|
|
Weighted average number of shares outstanding
|
|
228,704,541
|
|
228,359,918
|
Add: Shares issued upon conversion of preferred stock
|
|
370,701,635
|
|
371,361,635
|
Weighted average number of common and common equivalent shares
|
|
599,406,176
|
|
599,721,553
|
|
|
|
|
|
Diluted earnings per share
|
$
|
0.00
|
$
|
0.00
|
|
Schedule of operating lease assets and liabilities |
|
|
|
|
|
|
|
|
March 31, 2023
|
|
|
September 30, 2022
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease -right-of-use assets-non-current
|
$ |
41,880 |
|
$ |
- |
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease liability
|
$ |
42,382 |
|
$ |
-
|
|
|
|
|
|
|
Weighted-average remaining lease term (years)
|
|
1.75 |
|
|
- |
|
|
|
|
|
|
Weighted-average discount rate
|
|
8%
|
|
|
-
|
|
|
|
|
|
|
The componets of lease expense were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease cost
|
|
|
|
|
|
|
|
|
|
|
|
Amorization on right-of-use opeating lease asset
|
$ |
5,983
|
|
$ |
-
|
Lease liability expense in connection with obligation repayment
|
|
921
|
|
|
-
|
Total operating lease costs
|
$ |
6,904
|
|
$ |
-
|
|
|
|
|
|
|
Supplemental cash outflows information related to operation lease was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
Operating cash outflows from operating lease (obligation payment)
|
$ |
6,402
|
|
$ |
-
|
Right-of-use asset obtained in exchange for new operating lease liability
|
$ |
47,863
|
|
$ |
-
|
|
|
|
|
|
|
|
Schedule of future minimum lease payments required under leases |
|
|
|
2023 (6 Months)
|
$ |
12,804
|
2024
|
|
26,184
|
2025
|
|
6,594
|
Total undiscounted cash flows
|
|
45,582 |
Less: amount representing interest
|
|
(3,200) |
Present value of operating lease liability
|
|
42,382
|
Less: current portion of operation lease liability
|
|
23,244
|
Long-term operating lease liability
|
$
|
19,138
|
|