Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Revenues, net of discounts $ 14,388,682 $ 16,932,031
Cost of revenues 11,072,080 12,521,182
Gross Profit 3,316,602 4,410,849
Operating Expenses    
Compensation expense 1,888,126 3,342,676
Selling, general and administrative expenses 2,400,947 1,181,928
Travel expense 389,035 271,420
Occupancy costs 201,165 198,900
Transaction expenses 44,150 263,625
Total Operating Expenses 4,923,423 5,258,549
Operating Loss (1,606,821) (847,700)
Other (Expense) Income    
Interest expense (1,308,076) (1,384,940)
Other expense (538,861) 0
Forbearance incentive expense (101,156) 0
Forgiveness of debt 0 2,748,158
Total Other (Expense) Income (1,948,093) 1,363,218
Net (Loss) Income (3,554,914) 515,518
Preferred stock dividends (79,561) (79,561)
Net (Loss) Income attributable to common shareholders $ (3,634,475) $ 435,957
(Loss) Earnings per Share    
Basic $ (0.09) $ 0.01
Diluted $ (0.09) $ 0.01
Weighted average number of common shares outstanding    
Basic 42,544,443 39,987,080
Diluted 42,544,443 41,247,894