SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
3 Months Ended |
Dec. 31, 2023 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of disaggregated revenue |
| Schedule of disaggregated revenue |
|
|
|
|
|
|
|
|
| |
|
For the three months ended |
|
| |
|
December 31,
2023 |
|
|
December 31,
2022 |
|
| Licensing of ReadyOp Software |
|
$ |
589,547 |
|
|
$ |
460,244 |
|
| Hardware Sales and Consulting |
|
|
16,500 |
|
|
|
46,406 |
|
| Total |
|
$ |
606,047 |
|
|
$ |
506,650 |
|
|
| Schedule of deferred revenue |
| Schedule of deferred revenue |
|
|
|
|
|
|
|
|
| |
|
For
the three
months
ended
December 31,
2023 |
|
|
For the year
ended September 30,
2023
|
|
| Beginning balance |
|
$ |
1,177,680 |
|
|
$ |
1,125,511 |
|
| Additions to deferred liability (1) |
|
|
606,047 |
|
|
|
2,184,124 |
|
| Deductions to deferred liability (2) |
|
|
(255,843 |
) |
|
|
(2,131,955 |
) |
| Ending balance |
|
$ |
1,527,844 |
|
|
$ |
1,177,680 |
|
|
(1) |
Customer billings for services not yet rendered and hardware
not yet installed |
|
(2) |
Revenue recognized in the current year related to the deferred
liability |
|
| Schedule of diluted earnings per share |
| Schedule of diluted earnings per share |
|
|
|
|
|
|
|
|
| |
|
For
the three
months
ended
December 31,
2023 |
|
|
For
the three
months
ended
December 31,
2022 |
|
| Net income attributable to common stockholders for the period |
|
$ |
7,324 |
|
|
$ |
6,740 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average number of shares outstanding |
|
|
229,160,695 |
|
|
|
228,630,043 |
|
| |
|
|
|
|
|
|
|
|
| Basic earnings per share |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
| Schedule of computation of diluted earnings per share |
| Schedule of computation of diluted earnings per share |
|
|
|
|
|
|
|
|
| |
|
For
the three
months
ended
December 31,
2023 |
|
|
For
the three
months
ended
December 31,
2022 |
|
| Net income attributable to common stockholders for the period |
|
$ |
7,324 |
|
|
$ |
6,740 |
|
| Add: Preferred stock dividends |
|
|
10,343 |
|
|
|
10,344 |
|
| |
|
|
|
|
|
|
|
|
| Adjusted net income |
|
$ |
17,667 |
|
|
$ |
17,084 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average number of shares outstanding |
|
|
229,160,695 |
|
|
|
228,630,043 |
|
| Add: Shares issued upon conversion of preferred stock |
|
|
370,321,635 |
|
|
|
370,701,635 |
|
| Weighted average number of common and common equivalent shares |
|
|
599,482,330 |
|
|
|
599,331,678 |
|
| |
|
|
|
|
|
|
|
|
| Diluted earnings per share |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
| Schedule of operating lease assets and liabilities |
| Schedule of operating lease assets and liabilities |
|
|
|
|
|
|
|
|
| |
|
December 31, 2023 |
|
|
September 30, 2023 |
|
| Assets |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Operating lease -right-of-use assets-non-current |
|
$ |
23,932 |
|
|
$ |
29,914 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Operating lease liability |
|
$ |
25,267 |
|
|
$ |
31,087 |
|
| |
|
|
|
|
|
|
|
|
| Weighted-average remaining lease term (years) |
|
|
1.00 |
|
|
|
1.25 |
|
| |
|
|
|
|
|
|
|
|
| Weighted-average discount rate |
|
|
8 |
% |
|
|
8 |
% |
| |
|
|
|
|
|
|
|
|
| The components of lease expense were as follows: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Operating lease cost |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Amorization on right-of-use operating lease asset |
|
$ |
5,982 |
|
|
$ |
17,949 |
|
| Lease liability expense in connection with obligation repayment |
|
|
584 |
|
|
|
2,429 |
|
| Total operating lease costs |
|
$ |
6,566 |
|
|
$ |
20,378 |
|
| |
|
|
|
|
|
|
|
|
| Supplemental cash outflows information related to operation lease was as follows: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Operating cash outflows from operating lease (obligation payment) |
|
$ |
6,402 |
|
|
$ |
19,206 |
|
| Right-of-use asset obtained in exchange for new operating lease liability |
|
$ |
- |
|
|
$ |
47,863 |
|
|
| Schedule of future minimum lease payments required under leases |
| Schedule of future minimum lease payments required under leases |
|
|
|
|
| 2024 |
|
$ |
19,782 |
|
| 2025 |
|
|
6,594 |
|
| Total undiscounted cash flows |
|
|
26,376 |
|
| Less: amount representing interest |
|
|
(1,109 |
) |
| Present value of operating lease liability |
|
|
25,267 |
|
| Less: current portion of operation lease liability |
|
|
(25,267 |
) |
| Long-term operating lease liability |
|
$ |
- |
|
|