Loop Media (LPTV) 10-Q 9 Aug 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 30, 2023	Aug. 07, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-41508
Entity Registrant Name	LOOP MEDIA, INC.
Entity Incorporation, State Code	NV
Entity Tax Identification Number	47-3975872
Entity Address, Address Line One	2600 West Olive Avenue
Entity Address, Address Line Two	Suite 5470
Entity Address, City or Town	Burbank
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91505
City Area Code	213
Local Phone Number	436-2100
Title of 12(g) Security	Common stock, $0.0001
Trading Symbol	LPTV
Security Exchange Name	NYSE
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,373,061
Entity Central Index Key	0001643988
Current Fiscal Year End Date	--09-30
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Amendment Flag	false
Former Address [Member]
Document Information [Line Items]
Entity Address, Address Line One	N/A

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Current assets
Cash	$ 6,386,288	$ 14,071,914
Accounts receivable, net	5,500,412	12,590,970
Prepaid expenses and other current assets	1,413,512	1,496,566
Content assets - current	2,462,777	745,633
Total current assets	15,762,989	28,905,083
Non-current assets
Deposits	64,036	63,889
Content assets - non current	579,869	678,659
Deferred offering costs	471,473
Property and equipment, net	2,913,159	1,633,169
Operating lease right-of-use assets		76,696
Intangible assets, net	506,000	590,333
Total non-current assets	4,534,537	3,042,746
Total assets	20,297,526	31,947,829
Current liabilities
Accounts payable	5,204,563	7,453,801
Accrued liabilities	2,721,627	5,620,873
Accrued royalties and revenue share	3,810,862	4,559,088
Payable on acquisition		250,125
License content liabilities - current	568,906	1,092,819
Deferred Income		140,764
Lease liability - current		75,529
Non-revolving line of credit, related party	5,493,289
Non-revolving line of credit	1,967,157
Total current liabilities	19,766,404	19,192,999
Non-current liabilities
Line of credit, noncurrent	2,655,692	4,524,985
Non-revolving line of credit, related party		2,575,753
Total non-current liabilities	2,655,692	7,100,738
Total liabilities	22,422,096	26,293,737
Commitments and contingencies (Note 9)
Stockholders' equity
Common Stock, $0.0001 par value, 105,555,556 shares authorized, 59,183,668 and 56,381,209 shares issued and outstanding as of June 30, 2023, and September 30, 2022, respectively	5,918	5,638
Additional paid in capital	117,143,464	101,970,318
Accumulated deficit	(119,273,952)	(96,321,864)
Total stockholders' equity	(2,124,570)	5,654,092
Total liabilities and stockholders' equity	20,297,526	31,947,829
Non-revolving line of credit
Current liabilities
Non-revolving line of credit	1,967,157
Non-current liabilities
Line of credit, noncurrent	409,632	1,494,469
Revolving line of credit
Non-current liabilities
Line of credit, noncurrent	$ 2,246,060	$ 3,030,516

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common stock, authorized	105,555,556	105,555,556
Common stock, issued	59,183,668	56,381,209
Common stock, outstanding	59,183,668	56,381,209

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue	$ 5,734,976	$ 10,804,083	$ 25,954,038	$ 18,679,956
Cost of revenue	3,911,733	7,018,283	16,859,683	11,978,477
Gross profit	1,823,243	3,785,800	9,094,355	6,701,479
Operating expenses
Sales, general and administrative	6,284,514	5,942,793	22,011,961	14,956,990
Stock-based compensation	2,592,369	1,479,774	6,858,983	4,202,286
Restructuring costs	146,672		146,672
Depreciation and amortization	295,008	130,864	717,733	195,666
Total operating expenses	9,318,563	7,553,431	29,735,349	19,354,942
Loss from operations	(7,495,320)	(3,767,631)	(20,640,994)	(12,653,463)
Other income (expense)
Interest income				200
Interest expense	(962,718)	(978,435)	(2,889,745)	(1,976,941)
Loss on extinguishment of debt		(944,614)		(944,614)
Gain on extinguishment of debt				490,051
Change in fair value of derivatives		18,395		164,708
Employee retention credits	648,543		648,543
Other expense	(65,643)		(68,267)
Total other income (expense)	(379,818)	(1,904,654)	(2,309,469)	(2,266,596)
Loss before income taxes	(7,875,138)	(5,672,285)	(22,950,463)	(14,920,059)
Income tax (expense)/benefit	(394)	0	(1,624)	(1,051)
Net loss	$ (7,875,532)	$ (5,672,285)	$ (22,952,087)	$ (14,921,110)
Basic net loss per common share (in dollars per share)	$ (0.14)	$ (0.11)	$ (0.41)	$ (0.32)
Diluted net loss per common share (in dollars per share)	$ (0.14)	$ (0.11)	$ (0.41)	$ (0.32)
Weighted average number of basic common shares outstanding (in shares)	56,604,812	51,172,644	56,455,743	47,061,092
Weighted average number of diluted common shares outstanding (in shares)	56,604,812	51,172,644	56,455,743	47,061,092
Advertising and Legacy and other revenue
Cost of revenue	$ 3,132,568	$ 6,742,460	$ 14,767,807	$ 11,045,440
Depreciation and amortization
Cost of revenue	$ 779,165	$ 275,823	$ 2,091,876	$ 933,037

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Preferred Stock Series B preferred stock	Additional Paid in Capital.	Accumulated Deficit	Total
Balance at beginning at Sep. 30, 2021	$ 4,449	$ 20	$ 69,833,650	$ (66,842,416)	$ 2,995,703
Balance at beginning (in shares) at Sep. 30, 2021	44,490,003	200,000
Increase (Decrease) in Stockholders' Equity
Stock-based compensation			1,549,406		1,549,406
Net loss				(4,273,995)	(4,273,995)
Balance at ending (in shares) at Dec. 31, 2021	44,490,003	200,000
Balance at ending at Dec. 31, 2021	$ 4,449	$ 20	71,383,056	(71,116,411)	271,114
Balance at beginning at Sep. 30, 2021	$ 4,449	$ 20	69,833,650	(66,842,416)	2,995,703
Balance at beginning (in shares) at Sep. 30, 2021	44,490,003	200,000
Increase (Decrease) in Stockholders' Equity
Payment in kind interest stock issuance					$ 177,000
Payment in kind interest stock issuance (in shares)					23,152
Net loss					$ (14,921,110)
Balance at ending (in shares) at Jun. 30, 2022	51,179,820
Balance at ending at Jun. 30, 2022	$ 5,118		79,329,248	(81,763,526)	(2,429,160)
Balance at beginning at Dec. 31, 2021	$ 4,449	$ 20	71,383,056	(71,116,411)	271,114
Balance at beginning (in shares) at Dec. 31, 2021	44,490,003	200,000
Increase (Decrease) in Stockholders' Equity
Stock-based compensation			1,116,318		1,116,318
Payment in kind interest stock issuance	$ 1		88,499		88,500
Payment in kind interest stock issuance (in shares)	12,378
Warrants issued for consulting fees			56,788		56,788
Conversion of series convertible preferred to common stock	$ 667	$ (20)	(647)
Conversion of series convertible preferred to common stock (in shares)	6,666,666	(200,000)
Net loss				(4,974,830)	(4,974,830)
Balance at ending (in shares) at Mar. 31, 2022	51,169,047
Balance at ending at Mar. 31, 2022	$ 5,117		72,644,014	(76,091,241)	(3,442,110)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation			1,282,548		1,282,548
Warrants issued in conjunction with debentures			3,036,970		3,036,970
Payment in kind interest stock issuance	$ 1		88,497		88,498
Payment in kind interest stock issuance (in shares)	10,773
Warrants issued for consulting fees			197,226		197,226
Beneficial conversion feature of convertible debenture			2,079,993		2,079,993
Net loss				(5,672,285)	(5,672,285)
Balance at ending (in shares) at Jun. 30, 2022	51,179,820
Balance at ending at Jun. 30, 2022	$ 5,118		79,329,248	(81,763,526)	(2,429,160)
Balance at beginning at Sep. 30, 2022	$ 5,638		101,970,318	(96,321,864)	5,654,092
Balance at beginning (in shares) at Sep. 30, 2022	56,381,209
Increase (Decrease) in Stockholders' Equity
Stock-based compensation			1,790,807		1,790,807
Net loss				(5,259,439)	(5,259,439)
Balance at ending (in shares) at Dec. 31, 2022	56,381,209
Balance at ending at Dec. 31, 2022	$ 5,638		103,761,125	(101,581,303)	2,185,460
Balance at beginning at Sep. 30, 2022	$ 5,638		101,970,318	(96,321,864)	$ 5,654,092
Balance at beginning (in shares) at Sep. 30, 2022	56,381,209
Increase (Decrease) in Stockholders' Equity
Shares issued upon exercise of options (in shares)					22,462
Short Swing Profit Recovery					$ (1,201)
Net loss					(22,952,087)
Balance at ending (in shares) at Jun. 30, 2023	59,183,668
Balance at ending at Jun. 30, 2023	$ 5,918		117,143,464	(119,273,952)	(2,124,570)
Balance at beginning at Dec. 31, 2022	$ 5,638		103,761,125	(101,581,303)	2,185,460
Balance at beginning (in shares) at Dec. 31, 2022	56,381,209
Increase (Decrease) in Stockholders' Equity
Stock-based compensation			2,475,807		2,475,807
Short Swing Profit Recovery			1,201		1,201
Issuance costs for stock uplist			(86,330)		(86,330)
Net loss				(9,817,117)	(9,817,117)
Balance at ending (in shares) at Mar. 31, 2023	56,381,209
Balance at ending at Mar. 31, 2023	$ 5,638		106,151,803	(111,398,420)	(5,240,979)
Increase (Decrease) in Stockholders' Equity
Shares issued, value	$ 278		8,224,782		8,225,060
Number of shares issued during period	2,779,997
Shares issued upon exercise of options	$ 2		38,408		38,410
Shares issued upon exercise of options (in shares)	22,462
Stock-based compensation			2,547,799		2,547,799
Warrants issued in conjunction with debentures			136,103		136,103
Warrants issued for consulting fees			44,569		44,569
Net loss				(7,875,532)	(7,875,532)
Balance at ending (in shares) at Jun. 30, 2023	59,183,668
Balance at ending at Jun. 30, 2023	$ 5,918		$ 117,143,464	$ (119,273,952)	$ (2,124,570)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (22,952,087)	$ (14,921,110)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	1,842,003	1,532,792
Depreciation and amortization expense	717,733	195,666
Amortization of content assets	2,091,876	933,036
Amortization of right-of-use assets	76,696	118,719
Bad debt expense		20,000
Gain on extinguishment of debt		(490,051)
Loss on early extinguishment of convertible debt		944,614
Change in fair value of derivative		(164,708)
Stock-based compensation	6,858,983	4,202,286
Stock option exercise	38,410
Warrants issued in conjunction with debt	136,103
Payment in kind for interest stock issuance		177,000
Change in operating assets and liabilities:
Accounts receivable	7,090,558	(10,049,799)
Prepaid income tax		(1,842)
Inventory	4,397	210,494
Prepaid expenses	78,632	(741,364)
Deposit	(147)	(29,590)
Accounts payable	(2,605,012)	2,558,353
Accrued liabilities	(2,899,246)	5,269,758
Accrued royalties and revenue share	(748,226)	2,683,245
Licensed content liability	(4,132,894)	(1,109,750)
Operating lease liabilities	(75,529)	(123,453)
Deferred income	(140,764)	(47,252)
NET CASH USED IN OPERATING ACTIVITIES	(14,618,514)	(8,832,956)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(1,483,498)	(956,889)
NET CASH USED IN INVESTING ACTIVITIES	(1,483,498)	(956,889)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock	8,318,110	1,250,000
Proceeds from issuance of convertible debt		2,079,993
Proceeds from non-revolving line of credit		6,222,986
Proceeds from line of credit	37,974,347
Payments on line of credit	(36,262,546)
Debt issuance costs	(538,381)
Common stock issuance cost	(179,380)
Deferred offering costs	(646,840)	(500,092)
Payment of acquisition related consideration	(250,125)
Repayment of convertible debt		(2,715,865)
Short swing profit recovery	(1,201)
NET CASH PROVIDED BY FINANCING ACTIVITIES	8,416,386	6,337,022
Change in cash and cash equivalents	(7,685,626)	(3,452,823)
Cash, beginning of period	14,071,914	4,162,548
Cash, end of period	6,386,288	709,725
SUPPLEMENTAL DISCLOSURES OF CASH FLOW STATEMENTS
Cash paid for interest	945,939	153,009
Cash paid for income taxes	1,624	1,051
SUPPLEMENTAL DISCLOSURES OF NON CASH INVESTING AND FINANCING ACTIVITIES
Payment in kind common stock payment		177,000
Loss on early extinguishment of convertible debt		944,614
Warrants issued in conjunction with debt	136,103
Warrants issued in conjunction with debt	136,103	3,036,970
Beneficial conversion feature recorded as discounted debt		2,079,993
Unpaid deferred offering costs	157,731	$ 40,017
Unpaid additions to property and equipment	$ 412,256

BUSINESS

BUSINESS	9 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	NOTE 1 – BUSINESS Loop Media, Inc., a Nevada corporation, (collectively, “Loop Media,” the “Company,” “we,” “us” or “our”) is a multichannel digital video platform media company that uses marketing technology, or “MarTech,” to generate our revenue and offer our services. Our technology and vast library of videos and licensed content enable us to curate and distribute short-form videos to out-of-home (“OOH”) dining, hospitality, retail, convenience stores and other locations and venues to enable them to inform, entertain and engage their customers. Our technology provides third-party advertisers with a targeted marketing and promotional tool for their products and services and, in certain instances, allows us to measure the number of potential viewers of such advertising and promotional materials. We also allow our OOH clients to access our service without advertisements by paying a monthly subscription fee. We offer hand-curated music video content licensed from major and independent record labels, including Universal Music Group (“Universal”), Sony Music Entertainment (“Sony”), and Warner Music Group (“Warner” and collectively with Universal and Sony, the “Music Labels”), as well as non-music video content, which is predominantly licensed or acquired from third parties, including action sports clips, drone and atmospheric footage, trivia, news headlines, lifestyle channels and kid-friendly videos, as well as movie, television and video game trailers, amongst other content. We distribute our content and advertising inventory to digital screens located in OOH locations primarily through (i) our owned and operated platform (the “O&O Platform”) of Loop Media-designed “small-box” streaming Android media players (“Loop Players”) and legacy ScreenPlay computers and (ii) through screens on digital platforms owned and operated by third parties (each a “Partner Platform” and collectively, the “Partner Platforms,” and together with the O&O Platform, the “Loop Platform”). As of June 30, 2023, we had over 71,000 active Loop Players/Partner Screens across the Loop Platform for the end of June 2023, including 34,898 active Loop Players in our O&O Platform and approximately 37,000 screens across our Partner Platform. Please refer to “ Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Quarterly Active Units.” Liquidity and management’s plan As shown in the accompanying consolidated financial statements, we have incurred significant recurring losses resulting in an accumulated deficit. We anticipate further losses in the foreseeable future. We also had negative cash flows used in operations. These factors raise substantial doubt about our ability to continue as a going concern. We filed a Shelf Registration Statement on Form S-3 that has been declared effective by the Securities and Exchange Commission (“SEC”). On May 12, 2023, we entered into an At Market (“ATM”) Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (the “Agent”) pursuant to which we may offer and sell, from time to time through the Agent, shares of our common stock, par value $0.0001 per share (“Common Stock”), for aggregate gross proceeds of up to $50,000,000. During the three and nine months ended June 30, 2023, we issued 2,779,997 shares of Common Stock under the Sales Agreement, resulting in cash proceeds of $8,317,936, net of placement agent’s commission and related fees of $257,435 but before deducting offering costs. From July 1, 2023, through the filing date of this quarterly report on Form 10-Q, we have sold 95,000 shares of Common Stock under the Sales Agreement, resulting in cash proceeds of $247,739, net of placement agent’s commission and related fees of $7,711 but before deducting offering costs. On May 10, 2023, we entered into a Secured Non-Revolving Line of Credit Loan Agreement (the “2023 Secured Loan Agreement”) with several institutions and individuals for aggregate loans of up to $4,000,000 (the “2023 Secured Loan”). As of June 30, 2023, a total principal amount of $900,000 had been drawn on the 2023 Secured Loan. In addition, on May 31, 2023, we entered into a Secured Non-Revolving Line of Credit Loan Agreement (the “Excel Secured Line of Credit Agreement”) with Excel Family Partners, LLLP (“Excel”), an entity managed by Bruce Cassidy, Chairman of our Board of Directors (the “Excel $2.2M Line of Credit”) for the principal amount of up to $2,200,000. As of June 30, 2023, a total of $2,200,000 had been drawn on the Excel $2.2M Line of Credit. Based on the available cash balance at June 30, 2023, and these new sources of funding, we believe that we will have sufficient resources to fund our operations for at least twelve months from the date these financial statements were issued and that the substantial doubt in connection with our ability to continue as a going concern is alleviated.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements The following (a) condensed consolidated balance sheet as of September 30, 2022, which has been derived from our audited financial statements, and (b) our unaudited condensed consolidated interim financial statements for the nine months ended June 30, 2023, have been prepared in accordance with accounting principles generally accepted in the United States ("US GAAP") for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X of the Securities Act of 1933. Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended June 30, 2023, are not necessarily indicative of results that may be expected for the year ending September 30, 2023. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended September 30, 2022, included in our Annual Report on Form 10-K filed with the SEC on December 20, 2022. Basis of presentation The consolidated financial statements include our accounts and our wholly-owned subsidiaries, EON Media Group Pte. Ltd. and Retail Media TV, Inc. The unaudited Use of estimates The preparation of the unaudited condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include assumptions used in the revenue recognition of performance obligations, allowance for doubtful accounts, fair value of stock-based compensation awards, income taxes and going concern. Segment reporting ​ We report as one reportable segment because we do not have more than one operating segment. Our business activities, revenues and expenses are evaluated by management as one reportable segment. ​ Cash Cash and cash equivalents include all highly liquid monetary instruments with original maturities of three months or less when purchased. These investments are carried at cost, which approximates fair value. Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash deposits. We maintain our cash in institutions insured by the Federal Deposit Insurance Corporation (“FDIC”). At times, our cash and cash equivalent balances may be uninsured or in amounts that exceed the FDIC insurance limits. We have not experienced any losses on such accounts. On June 30, 2023, and September 30, 2022, we had no cash equivalents. As of June 30, 2023, and September 30, 2022, approximately $6,136,288 and $13,821,914 of cash exceeded the FDIC insurance limits, respectively. Accounts receivable Accounts receivable represent amounts due from customers. We assess the collectability of receivables on an ongoing basis. A provision for the impairment of receivables involves significant management judgment and includes the review of individual receivables based on individual customers, current economic trends and analysis of historical bad debts. As of June 30, 2023, and September 30, 2022, we had recorded an allowance for doubtful accounts of $474,218 and $646,013, respectively. Concentration of credit risk During the nine months ended June 30, 2023, we had two customers which each individually comprised greater than 10% of net revenue. These customers represented 16% and 14% respectively. No other customer accounted for more than 10% of net revenue during the periods presented. As of June 30, 2023, one customer accounted for a total of 15% of our accounts receivable balance. No other customer accounted for more than 10% of total accounts receivable. We grant credit in the normal course of business to our customers. Periodically, we review past due accounts and make decisions about future credit on a customer-by-customer basis. Credit risk is the risk that one party to a financial instrument will cause a loss for the other party by failing to discharge an obligation. Prepaid expenses Expenditures paid in one accounting period which will not be consumed until a future period such as insurance premiums and annual subscription fees are accounted for on the balance sheet as a prepaid expense. When the asset is eventually consumed, it is charged to expense. Content Assets We capitalize the fixed content fees and corresponding liability when the license period begins, the cost of the content is known, and the content is accepted and available for streaming. If the licensing fee is not determinable or reasonably estimable, no asset or liability is recorded, and licensing costs are expensed as incurred. We amortize licensed content assets into cost of revenue, using the straight-line method over the contractual period of availability. The liability is paid in accordance with the contractual terms of the arrangement. Internally-developed content costs are capitalized in the same manner as licensed content costs, when the cost of the content is known and the content is ready and available for streaming. We amortize internally-developed content assets into cost of revenue, using the straight-line method over the estimated period of streaming. ​ Long-lived assets We evaluate the recoverability of long-lived assets, including intangible assets, for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner that an asset is used, or a significant adverse change that would indicate that the carrying amount of an asset or group of assets is not recoverable. For long-lived assets to be held and used, we recognize an impairment loss only if their carrying amount is not recoverable through the undiscounted cash flows. The impairment loss is based on the difference between the carrying amount and estimated fair value as determined by discounted future cash flows. Our finite long-lived intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from two nine years Property and equipment, net Property and equipment are stated at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the asset’s estimated useful life. Our capitalization policy is to capitalize property and equipment purchases greater than $3,000, as well as internally-developed software enhancements. Expenditures for maintenance and repairs are expensed as incurred. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition is reflected in earnings. ​ Loop Players are capitalized as fixed assets and depreciated over the estimated period of use. ​ See below for estimated useful lives: ​ ​ ​ ​ Loop Players ​ 3 years Equipment 3 Software ​ 3 years ​ Operating leases We determine if an arrangement is a lease at inception. Operating lease right-of-use assets (“ROU assets”) and short-term and long-term lease liabilities are included on the face of the consolidated balance sheet. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. For lease agreements with terms less than twelve months, we have elected the short-term lease measurement and recognition exemption, and we recognize such lease payments on a straight-line basis over the lease term. Fair value measurement We determine the fair value of our assets and liabilities using a hierarchy established by the accounting guidance that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). The three levels of valuation hierarchy are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology included quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology is one or more unobservable inputs which are significant to the fair value measurement. The carrying amount of our financial instruments, including cash, accounts receivable, deposits, short-term portion of notes receivable and notes payable, and current liabilities approximate fair value due to their short-term nature. We do not have financial assets or liabilities that are required under US GAAP to be measured at fair value on a recurring basis. We have not elected to use fair value measurement option for any assets or liabilities for which fair value measurement is not presently required. We record assets and liabilities at fair value on a nonrecurring basis as required by US GAAP. Assets recognized or disclosed at fair value in the condensed ​ On September 26, 2022, our convertible debentures converted to Common Stock as part of our public offering and uplist to The NYSE American, LLC, in accordance with the terms of the original debt agreements. As of September 30, 2022, the remaining balance of the Derivative Liability was written off as part of the conversion to equity. Thus, there is no fair value measurement of the Derivative Liability balance as of June 30, 2023. ​ The following table summarizes changes in fair value measurements of the Derivative Liability during the nine months ended June 30, 2022: ​ ​ ​ ​ ​ Balance as of September 30, 2021 ​ $ 1,058,633 Derivative Liability issued with convertible debentures ​ — Change in fair value ​ (164,708) Balance as of June 30, 2022 ​ $ 893,925 ​ Advertising costs We expense all advertising costs as incurred. Advertising and marketing costs for the nine months ended June 30, 2023, and 2022, were $8,459,684 and $4,583,602, respectively. Revenue recognition We recognize revenue in accordance with ASC 606 , Revenue from Contracts with Customers ● executed contracts with our customers that we believe are legally enforceable; ● identification of performance obligations in the respective contract; ● determination of the transaction price for each performance obligation in the respective contract; ● allocation of the transaction price to each performance obligation; and ● recognition of revenue only when we satisfy each performance obligation. Our revenue can be categorized into two revenue streams: Advertising revenue and Legacy and other revenue. The following table disaggregates our revenue by major type for each of the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 Advertising revenue ​ $ 5,079,922 ​ $ 10,047,278 ​ $ 23,687,817 ​ $ 14,984,156 Legacy and other revenue ​ ​ 655,054 ​ ​ 756,805 ​ ​ 2,266,221 ​ ​ 3,695,800 Total ​ $ 5,734,976 ​ $ 10,804,083 ​ $ 25,954,038 ​ $ 18,679,956 ​ Performance obligations and significant judgments Our performance obligations and recognition patterns for each revenue stream are as follows: Advertising revenue For the three and nine months ended June 30, 2023, advertising revenue accounts for 89% and 91%, respectively, of our revenue and includes revenue from direct and programmatic advertising as well as sponsorships. For all advertising revenue sources, we evaluate whether we should be considered the principal (i.e., report revenues on a gross basis) or an agent (i.e., report revenues on a net basis). Our role as principal or agent differs based on our performance obligation for each revenue share arrangement. For both the O&O and Partner Platforms businesses, advertising inventory provided to advertisers through the use of an advertising demand partner or agency, with whose fees or commission is calculated based on a stated percentage of gross advertising spending, we are considered the agent and our revenues are reported net of agency fees and commissions. We are considered the agent because the demand partner or agency controls all aspects of the transaction (pricing risk, inventory risk, obligation for fulfillment) except for the devices used to show the advertisements, therefore we report this advertising revenue net of agency fees and commissions. We are considered the principal in our arrangements with content providers in our O&O Platform business and with our arrangements with our third-party partners in our Partner Platforms business and thus report revenues on a gross basis (net of agency fees and commissions), wherein the amounts billed to our advertising demand partners, advertising agencies, and direct advertisers and sponsors are recorded as revenues, and amounts paid to content providers and third-party partners are recorded as expenses. We are considered the principal because we control the advertising space, are primarily responsible to our advertising demand partners and other parties filling our advertising inventory, have discretion in pricing and advertising fill rates and typically have an inventory risk. For advertising revenue, we recognize revenue at the time the digital advertising impressions are filled and the advertisements are played and, for sponsorship revenue, we generally recognize revenue ratably over the term of the sponsorship arrangement as the sponsored advertisements are played. Legacy and other business revenue ​ For the three and nine months ended June 30, 2023, legacy and other business revenue accounts for the remaining 11% and 9%, respectively, of total revenue and includes streaming services, subscription content services, and hardware delivery, as described below: ​ o Delivery of streaming services including content encoding and hosting. We recognize revenue over the term of the service based on bandwidth usage. Revenue from streaming services is insignificant. ​ o Delivery of subscription content services in customized formats. We recognize revenue straight-line over the term of the service. ​ o Delivery of hardware for ongoing subscription content delivery through software. We recognize revenue at the point of hardware delivery. Revenue from hardware sales is insignificant. ​ Transaction prices for performance obligations are explicitly outlined in relevant agreements; therefore, we do not believe that significant judgments are required with respect to the determination of the transaction price, including any variable consideration identified. ​ Customer acquisition costs ​ Customer acquisition costs consist of marketing costs and affiliate fees associated with the O&O Platform business. They are included in operating expenses and expensed as incurred. ​ Cost of revenue ​ Cost of revenue for the O&O Platform and legacy businesses represents the amortized cost of ongoing licensing and hosting fees, which is recognized over time based on usage patterns. The depreciation expense associated with the Loop Players is not included in cost of sales. ​ Cost of revenue for the Partner Platform business represents hosting fees, amortized costs of internally-developed content, and the revenue share with third party partners (after deduction of allocated infrastructure costs). The cost of revenue is higher with partners within the Partner Platform versus those within the O&O Platform because we leverage our Partner Platform partners’ network of customers and their screens to deliver content and advertising inventory, rather than using our own Loop Players. Deferred income As of June 30, 2023, we no longer bill subscription services in advance of when the service period is performed. The deferred income recorded at September 30, 2022, represents our accounting for the timing difference between when the subscription fees are received and when the performance obligation is satisfied. Net loss per share We account for net loss per share in accordance with ASC subtopic 260-10, Earnings Per Share Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of Common Stock outstanding during each period. It excludes the dilutive effects of any potentially issuable common shares. Diluted net loss per share is calculated by including any potentially dilutive share issuances in the denominator. The following securities are excluded from the calculation of weighted average diluted shares at June 30, 2023, and September 30, 2022, respectively, because their inclusion would have been anti-dilutive. ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Options to purchase Common Stock 8,555,560 8,174,583 Warrants to purchase Common Stock 5,383,175 5,300,033 Restricted Stock Units (RSUs) ​ 1,102,004 ​ 890,000 Series A preferred stock — — Series B preferred stock — — Convertible debentures — — Total Common Stock equivalents 15,040,739 14,364,616 ​ Shipping and handling costs Loop Players are provided free to our customers. Loop Media absorbs any associated costs of shipping and handling and records as an operational expense at the time of service. Income taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. We have no material uncertain tax positions for any of the reporting periods presented. We recognize accrued interest and penalties related to unrecognized tax benefits as part of income tax expense. We have also made a policy election to treat the income tax with respect to global intangible low-tax income as a period expense when incurred. ​ In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Simplifying the Accounting for Income Taxes, as part of its initiative to reduce complexity in accounting standards. The amendments in the ASU are effective for fiscal years beginning after December 15, 2020, including interim periods therein. The adoption of this standard in the first quarter of 2022 had no impact on our consolidated financial statements. Stock-based compensation Stock-based compensation issued to employees is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite service period. We measure the fair value of the stock-based compensation issued to non-employees using the stock price observed in the trading market (for stock transactions) or the fair value of the award (for non-stock transactions), which were more reliably determinable measures of fair value than the value of the services being rendered. Deferred financing costs ​ Deferred financing costs represent legal, accounting and other direct costs related to our efforts to raise capital through a public or private sale of our Common Stock. Costs related to the public sale of our Common Stock are deferred until the completion of the applicable offering, at which time such costs are reclassified to additional paid-in-capital as a reduction of the proceeds. Costs related to the private sale of our Common Stock are deferred until the completion of the applicable offering, at which time such costs are amortized over the term of the applicable purchase agreement. ​ Employee retention credits ​ In March 2020, the Coronavirus Aid, Relief, and Economic Security Act was signed into law, providing numerous tax provisions and other stimulus measures, including the Employee Retention Credit (“ERC”): a refundable tax credit against certain employment taxes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 and the American Rescue Plan Act of 2021 extended and expanded the availability of the ERC. We qualified for the ERC in the third and fourth quarters of 2020 and the first, second and third quarters of 2021. During the three months ended June 30, 2023, we recorded an aggregate benefit of $648,543 in our condensed combined income statement to reflect the ERC. ​ Reclassifications Certain prior year amounts have been reclassified to conform to current year presentation. These reclassifications have no effect on the previously reported financial position, results of operations, or cash flows. Previously reported accounts payable and accrued liabilities have now been disaggregated into accounts payable, accrued liabilities, and accrued royalty. Recently adopted accounting pronouncements In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) ​ Recent accounting pronouncements In September 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.

CONTENT ASSETS

CONTENT ASSETS	9 Months Ended
	Jun. 30, 2023
Content Assets [Abstract]
CONTENT ASSETS	NOTE 3 – CONTENT ASSETS Content Assets The content we stream to our users is generally acquired by securing the intellectual property rights to the content through licenses from, and paying royalties or other consideration to, rights holders or their agents. The licensing can be for a fixed fee or can be a revenue sharing arrangement. The licensing arrangements specify the period when the content is available for streaming, the territories, the platforms, the fee structure and other standard content licensing terms defining the rights and/or restrictions for how the licensed content can be used by Loop Media. We also develop original content internally, which is capitalized when the content is ready and available for streaming, and generally amortized over a period of two to three years . As of June 30, 2023, content assets were $2,462,777 recorded as Content asset, net – current and $579,869 recorded as Content asset, net – noncurrent, of which $159,077 was internally-developed content asset, net. We recorded amortization expense in cost of revenue, in the consolidated statements of operations, related to capitalized content assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ 2023 2022 ​ 2023 2022 Licensed Content Assets ​ $ 760,951 ​ $ 275,823 ​ $ 2,045,794 ​ $ 933,036 Internally-Developed Assets ​ ​ 18,215 ​ ​ — ​ ​ 46,082 ​ ​ — Total ​ $ 779,166 ​ $ 275,823 ​ $ 2,091,876 ​ $ 933,036 ​ Our content license contracts are typically two ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining in Fiscal Year 2023 ​ Fiscal Year 2024 ​ Fiscal Year 2025 ​ Fiscal Year 2026 Licensed Content Assets ​ $ 755,022 ​ $ 2,010,157 ​ $ 115,726 ​ $ 2,664 Internally-Developed Assets ​ 18,215 ​ 72,860 ​ 59,440 ​ 8,562 Total ​ $ 773,237 ​ $ 2,083,017 ​ $ 175,166 ​ $ 11,226 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ License Content Liabilities On June 30, 2023, we had $935,664 of obligations comprised of $568,906 in License content liability – current and $366,758 in accounts payable on our consolidated balance sheets. Payments for content liabilities for the nine months ended June 30, 2023, were $4,206,768. The expected timing of payments for these content obligations is $280,320 payable in the fourth quarter of fiscal year 2023 with the remaining payable in the first, second and third quarters of fiscal year 2024.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Jun. 30, 2023
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	NOTE 4. PROPERTY AND EQUIPMENT Our property and equipment, net consisted of the following as of June 30, 2023, and September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Loop Players ​ $ 2,251,061 ​ $ 1,259,402 Equipment ​ ​ 1,195,521 ​ ​ 703,341 Software ​ 815,966 ​ 404,058 ​ ​ 4,262,548 ​ 2,366,801 Less: accumulated depreciation ​ (1,349,389) ​ (733,632) Total property and equipment, net ​ $ 2,913,159 ​ $ 1,633,169 ​ For the three months ended June 30, 2023, and 2022, depreciation expense, calculated using straight line method, charged to operations amounted to $249,256 and $102,752 , respectively. For the nine months ended June 30, 2023, and 2022, depreciation expense, calculated using straight line method, charged to operations amounted to $615,764 and $111,332 , respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 5. INTANGIBLE ASSETS Our intangible assets, each definite lived assets, consisted of the following as of June 30, 2023, and September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ Useful life 2023 2022 Customer relationships ​ nine years ​ $ 1,012,000 ​ $ 1,012,000 Content library ​ two years ​ 198,000 ​ 198,000 Total intangible assets, gross ​ ​ ​ 1,210,000 ​ 1,210,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated amortization ​ ​ ​ (704,000) ​ (619,667) Total ​ ​ ​ (704,000) ​ (619,667) Total intangible assets, net ​ ​ ​ $ 506,000 ​ $ 590,333 ​ Amortization expense charged to operations amounted to $28,111 and $28,111, for the three months ended June 30, 2023, and 2022, respectively. Amortization expense charged to operations amounted to $84,333 and $84,333, respectively, for the nine months ended June 30, 2023, and 2022. Annual amortization expense for the next five years and thereafter is estimated to be $28,112 (remaining in fiscal year 2023), $112,444, $112,444, $112,444, $112,444, and $28,112, respectively. The weighted average life of the intangible assets subject to amortization is 4.5 years on June 30, 2023.

OPERATING LEASES

OPERATING LEASES	9 Months Ended
	Jun. 30, 2023
Leases [Abstract]
OPERATING LEASES	NOTE 6 – OPERATING LEASES Operating leases As of June 30, 2023, we no longer have operating leases for office space and office equipment in excess of one year. Many of our prior leases included one Our lease liability consisted of the following as of June 30, 2023, and September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Short term portion ​ $ — ​ $ 75,529 Long term portion ​ — ​ — Total lease liability ​ $ — ​ $ 75,529 ​ We recorded lease expense in sales, general and administration expenses in the consolidated statement of operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ 2023 2022 ​ 2023 2022 Operating lease expense ​ $ 17,495 ​ $ 44,444 ​ $ 79,434 ​ $ 133,332 Short-term lease expense ​ 34,828 ​ 2,400 ​ 69,659 ​ 6,600 Total lease expense ​ $ 52,323 ​ $ 46,844 ​ $ 149,093 ​ $ 139,932 ​ For the nine months ended June 30, 2023, cash payments against lease liabilities totaled $77,929, and accretion on lease liability of $2,737. For the nine months ended June 30, 2022, cash payments against lease liabilities totaled $138,066, accretion on lease liability of $14,613. ​

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	9 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 7 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following as of June 30, 2023, and September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Accounts payable ​ $ 5,204,563 ​ $ 7,453,801 ​ ​ ​ ​ ​ ​ ​ Performance bonuses ​ 1,262,000 ​ ​ 2,970,000 Interest payable ​ ​ 439,711 ​ ​ 348,150 Professional fees ​ ​ 431,698 ​ 505,169 Marketing ​ ​ 254,206 ​ ​ 344,309 Commissions ​ 57,782 ​ 425,321 Insurance liabilities ​ ​ 31,399 ​ ​ 602,970 Other accrued liabilities ​ ​ 244,831 ​ ​ 424,954 Accrued liabilities ​ 2,721,627 ​ 5,620,873 ​ ​ ​ ​ ​ ​ ​ Accrued royalties and revenue share ​ ​ 3,810,862 ​ ​ 4,559,088 ​ ​ ​ ​ ​ ​ ​ Total accounts payable and accrued expenses ​ $ 11,737,052 ​ $ 17,633,762 ​

DEBT

DEBT	9 Months Ended
	Jun. 30, 2023
Debt Instruments [Abstract]
DEBT	NOTE 8 – DEBT ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of Credit as of June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Contractual ​ ​ ​ ​ ​ ​ Net Carrying Value ​ Principal ​ Interest Rates ​ Contractual ​ Warrants Related party lines of credit: ​ Current ​ Long Term ​ Balance ​ Cash ​ Maturity Date ​ issued $4,022,986 non-revolving line of credit, amended December 12, 2022 ​ $ 3,293,289 ​ $ — ​ $ 4,022,986 ​ 12% ​ 5/25/2024 ​ 383,141 $2,200,000 non-revolving line of credit, May 31, 2023 ​ ​ 2,200,000 ​ ​ — ​ ​ 2,200,000 ​ 10.50% ​ 8/31/2023 ​ — $2,650,000 non-revolving line of credit, May 10, 2023 ​ ​ — ​ ​ — ​ ​ — ​ 12% ​ 5/10/2025 ​ — Total related party lines of credit, net ​ $ 5,493,289 ​ $ — ​ $ 6,222,986 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of credit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $2,200,000 non-revolving line of credit, May 13, 2022 ​ $ 1,967,157 ​ $ — ​ $ 2,200,000 ​ 12% ​ 11/13/2023 ​ 314,286 $1,350,000 non-revolving line of credit, May 10, 2023 ​ ​ — ​ ​ 409,632 ​ ​ 900,000 ​ 12% ​ 5/10/2025 ​ 83,142 $6,000,000 revolving line of credit, July 29, 2022 ​ ​ — ​ ​ 2,246,060 ​ ​ 3,155,361 ​ Greater of 4% or Prime ​ 7/29/2024 ​ — Total lines of credit, net ​ $ 1,967,157 ​ $ 2,655,692 ​ $ 6,255,361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of Credit as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Contractual ​ ​ ​ ​ ​ ​ Net Carrying Value ​ Principal ​ Interest Rates ​ Contractual ​ Warrants Related party lines of credit: ​ Current ​ Long Term ​ Balance ​ Cash ​ Maturity Date ​ issued $4,022,986 non-revolving line of credit, April 25, 2022 (1) $ — ​ $ 2,575,753 ​ $ 4,022,986 ​ 12% ​ 10/25/2023 ​ 383,141 Total related party lines of credit, net ​ $ — ​ $ 2,575,753 ​ $ 4,022,986 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of credit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $2,200,000 non-revolving line of credit, May 13, 2022 (2) $ — ​ $ 1,494,469 ​ $ 2,200,000 ​ 12% ​ 11/13/2023 ​ 314,286 $6,000,000 revolving line of credit, July 29, 2022 ​ ​ — ​ ​ 3,030,516 ​ ​ 4,543,560 ​ Greater of 4% or Prime ​ 7/29/2024 ​ — Total lines of credit, net ​ $ — ​ $ 4,524,985 ​ $ 6,743,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table presents the interest expense related to the contractual interest coupon and the amortization of debt discounts on the lines of credit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 Interest expense ​ $ 364,604 ​ $ 247,622 ​ $ 1,037,499 ​ $ 502,310 Amortization of debt discounts ​ ​ 597,674 ​ ​ 819,313 ​ ​ 1,842,003 ​ ​ 1,532,792 Total ​ $ 962,278 ​ $ 1,066,935 ​ $ 2,879,502 ​ $ 2,035,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity analysis under the line of credit agreements for the fiscal years ended September 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ $ 2,200,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ ​ 9,378,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2025 ​ ​ 900,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2026 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ 2027 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of credit, related and non-related party ​ ​ 12,478,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: Debt discount on lines of credit payable ​ ​ (2,362,186) ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Lines of credit payable, related and non-related party, net ​ $ 10,116,161 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Revolving Lines of Credit Excel Non-Revolving Loan On February 23, 2022, we entered into a Non-Revolving Line of Credit Loan Agreement (the “Prior Excel Loan Agreement”) with Excel, an entity managed by Bruce Cassidy, Chairman of our Board of Directors, for aggregate principal amount of $1,500,000 , which was amended on April 13, 2022, to increase the aggregate principal amount to $2,000,000 (the “$2m Loan”). Effective as of April 25, 2022, we entered into a Non-Revolving Line of Credit Loan Agreement with Excel (the “Excel Non-Revolving Loan Agreement”) for an aggregate principal amount of $4,022,986 (the “Excel Non-Revolving Loan”). The Excel Non-Revolving Loan matures eighteen (18) months from the date of the Excel Non-Revolving Loan Agreement and accrues interest, payable semi-annually in arrears, at a fixed rate of interest equal to twelve ( 12 ) percent per year. On April 25, 2022, we used $2,000,000 of the proceeds of the Excel Non-Revolving Loan to prepay all of the remaining outstanding principal and interest of the $2m Loan and the Prior Excel Loan Agreement was terminated in connection with such prepayment. Under the Excel Non-Revolving Loan Agreement, we granted to the lender a security interest in all of our present and future assets and properties, real or personal, tangible or intangible, wherever located, including products and proceeds thereof (which was subsequently subordinated in connection with our Revolving Loan Agreement (as defined below)). In connection with the Excel Non-Revolving Loan, on April 25, 2022, we issued a warrant for an aggregate of up to 383,141 shares of our Common Stock. The warrant has an exercise price of $5.25 per share, expires on April 25, 2025, and shall be exercisable at any time prior to the expiration date. Effective as of December 14, 2022, we entered into a Non-Revolving Line of Credit Agreement Amendment and a Non-Revolving Line of Credit Promissory Note Amendment with Excel to extend the maturity date of the Excel Non-Revolving Loan from eighteen (18) months to twenty-four (24) months from the date of the Excel Non-Revolving Loan. Effective as of May 10, 2023, we entered into a Non-Revolving Line of Credit Agreement Amendment No. 2 and a Non-Revolving Line of Credit Promissory Note Amendment No. 2 with Excel to extend the maturity date of the Excel Non-Revolving Loan from twenty-four (24) months to twenty-five (25) months from the date of the Excel Non-Revolving Loan. The Excel Non-Revolving Loan had a balance, including accrued interest, amounting to $4,352,871 and $4,226,181 as of June 30, 2023, and September 30, 2022, respectively. We incurred interest expense for the Excel Non-Revolving Loan in the amount of $1,080,945 and $331,548 for the nine months ended June 30, 2023, and 2022, respectively. RAT Non-Revolving Loan Effective as of May 13, 2022, we entered into a Secured Non-Revolving Line of Credit Loan Agreement (the “RAT Non-Revolving Loan Agreement”) with several institutions and individuals and RAT Investment Holdings, LP, as administrator of the loan (the “Loan Administrator”) for an aggregate principal amount of $2,200,000 (the “RAT Non-Revolving Loan”). The RAT Non-Revolving Loan matures eighteen (18) months from the effective date of the RAT Non-Revolving Loan Agreement and accrues interest, payable semi-annually in arrears, at a fixed rate of interest equal to twelve ( 12 ) percent per year. Under the RAT Non-Revolving Loan Agreement, we granted to the lenders under the RAT Non-Revolving Loan Agreement a security interest in all of our present and future assets and properties, real or personal, tangible or intangible, wherever located, including products and proceeds thereof, which security interest is pari passu with the Excel Non-Revolving Loan Agreement (which was subsequently subordinated in connection with our Revolving Loan Agreement). In connection with the RAT Non-Revolving Loan Agreement, on May 13, 2022, we issued a warrant to each lender under the RAT Non-Revolving Loan Agreement for an aggregate of up to 209,522 shares of our Common Stock. Each warrant has an exercise price of $5.25 per share, expires on May 13, 2025, and shall be exercisable at any time prior to the expiration date. The warrants were accounted for as equity awards. We allocated the debt and warrant on a relative fair value basis to the proceeds received for the non-revolving lines of credit. We further allocated the fair value of $2,975,261 of the warrants at inception as a debt discount and recorded the straight-line amortization of debt discount as interest expense. The RAT Non-Revolving Loan had a balance, including accrued interest, amounting to $2,234,356 and $2,301,260 as of June 30, 2023, and September 30, 2022, respectively. We incurred interest expense for the RAT Non-Revolving Loan in the amount of $670,146 and $118,970 for the nine months ended June 30, 2023, and 2022, respectively. 2023 Secured Loan Effective as of May 10, 2023, we entered into the 2023 Secured Loan Agreement with several individuals and institutional lenders (each individually a “Lender” and collectively, the “Lenders”) with several individuals and institutional lenders (each individually a “Lender” and collectively, the “Lenders”) for aggregate loans of up to $4.0 million (the “2023 Secured Loan”), evidenced by Secured Non-Revolving Line of Credit Promissory Notes (each a “2023 Secured Note” and collectively, the “2023 Secured Notes”), also effective as of May 10, 2023. The 2023 Secured Loan matures twenty-four (24) months from the date of the 2023 Secured Loan Agreement and accrues interest, payable semi-annually in arrears, at a fixed rate of interest equal to twelve (12) percent per year. Excel, an entity managed by Bruce Cassidy, Chairman of our Board of Directors, has committed to be a Lender under the 2023 Secured Loan Agreement for an aggregate loan of $2.65 million. As of the date of this filing, Excel has not loaned any funds to us under the 2023 Secured Loan . In connection with the 2023 Secured Loan, on May 10, 2023, we agreed to issue a warrant to each Lender, upon drawdown, under the 2023 Secured Loan Agreement to purchase up to an aggregate of 369,517 shares of our Common Stock. The warrants have an exercise price of $4.33 per share, expire on May 10, 2026, and shall be exercisable at any time prior to such date. As of June 30, 2023, we had issued warrants for a total of 83,142 warrant shares to Lenders in connection with the 2023 Secured Loan. Under the 2023 Secured Loan Agreement, we have granted to the lenders a security interest in all of our present and future assets and properties, real or personal, tangible or intangible, wherever located, including products and proceeds thereof. In connection with the 2023 Secured Loan Agreement, the lenders delivered subordination agreements to GemCap Solutions, LLC, as successor and assign to Industrial Funding Group, Inc.(the “Senior Lender” or “GemCap”), pursuant to which our obligations to the lenders and the indebtedness under the 2023 Secured Loan Agreement are subordinate and junior in right of payment to the indebtedness under our account receivable facility evidenced by that certain Loan and Security Agreement dated as of July 29, 2022, with the Senior Lender (the “Revolving Loan Agreement”). The 2023 Secured Loan had a balance, including accrued interest, amounting to $915,000 and $0 as of June 30, 2023, and September 30, 2022, respectively. We incurred interest expense for the 2023 Secured Loan in the amount of $40,736 and $0 for the nine months ended June 30, 2023, and 2022, respectively. Excel $2.2M Line of Credit On May 31, 2023, we entered into the Excel Secured Line of Credit Agreement with Excel, an entity managed by Bruce Cassidy, Chairman of our Board of Directors for the Excel $2.2 M Line of Credit, evidenced by a Non-Revolving Line of Credit Promissory Note. The Excel $2.2 M Line of Credit matures ninety (90) days from the date of the Excel Secured Line of Credit Agreement and accrues interest, payable in arrears on the Excel $2.2 M Line of Credit maturity date, at a fixed rate of interest equal to ten and one half (10.5) percent per year. ​ Under the Excel Secured Line of Credit Agreement, we granted to Excel a security interest in all of our present and future assets and properties, real or personal, tangible or intangible, wherever located, including products and proceeds thereof. In connection with the Excel Secured Line of Credit Agreement, Excel delivered a subordination agreement to the Senior Lender, pursuant to which our obligations to Excel and the indebtedness under the Excel Secured Line of Credit Agreement are subordinate and junior in right of payment to the indebtedness under the account receivable facility evidenced by the Revolving Loan Agreement. The Excel $2.2 M Line of Credit had a balance, including accrued interest, amounting to $2,219,250 and $0 as of June 30, 2023, and September 30, 2022, respectively. We incurred interest expense for the Excel $2.2 M Line of Credit in the amount of $19,250 and $0 for the three months ended June 30, 2023, and 2022, respectively, and $19,250 and $0 for the nine months ended June 30, 2023, and 2022, respectively. Revolving Loan Agreement Effective as of July 29, 2022, we entered into the Revolving Loan Agreement with Industrial Funding Group, Inc. (the “Initial Lender”) for a revolving loan credit facility for the initial principal sum of up to $4,000,000 , and through the exercise of an accordion feature, a total sum of up to $10,000,000 , evidenced by a Revolving Loan Secured Promissory Note, also effective as of July 29, 2022 (the “Revolving Loan”). Shortly after the effective date of the Revolving Loan, the Initial Lender assigned the Revolving Loan Agreement, and the loan documents related thereto, to the Senior Lender. Availability for borrowing under the Revolving Loan Agreement is dependent upon our assets in certain eligible accounts and measures of revenue, subject to reduction for reserves that the Senior Lender may require in its discretion, and the accordion feature is a provision whereby we may request that the Senior Lender increase availability under the Revolving Loan Agreement, subject to its sole discretion. Effective as of October 27, 2022, we entered into Amendment Number 1 to the Revolving Loan Agreement with the Senior Lender to increase the principal sum available from $4,000,000 to $6,000,000 . As of June 30, 2023, we had borrowed $3,155,361 under the Revolving Loan. The Revolving Loan matures on July 29, 2024, and began accruing interest on the unpaid principal balance of advances, payable monthly in arrears, on September 7, 2022, at an annual rate equal to the greater of (I) the sum of (i) the “Prime Rate” as reported in the “Money Rates” column of The Wall Street Journal, adjusted as and when such Prime Rate changes, plus (ii) zero percent ( 0.00% ), and (II) four percent ( 4.00% ). Under the Revolving Loan Agreement, we have granted to the Senior Lender a first-priority security interest in all of our present and future property and assets, including products and proceeds thereof. In connection with the loan, our existing secured lenders (the “Subordinated Lenders”) delivered subordination agreements (the “Revolving Loan Subordination Agreements”) to the Senior Lender. We are permitted to make regularly scheduled payments, including payments upon maturity, to such subordinated lenders and potentially other payments subject to a measure of cash flow and receiving certain financing activity proceeds, in accordance with the terms of the Revolving Loan Subordination Agreements. In connection with the delivery of the Revolving Loan Subordination Agreements by the Subordinated Lenders, on July 29, 2022, we issued warrants to each Subordinated Lender on identical terms for an aggregate of up to 296,329 shares of our Common Stock. Each warrant has an exercise price of $5.25 per share, expires on July 29, 2025, and shall be exercisable at any time prior to such date. One warrant for 191,570 warrant shares was issued to Eagle Investment Group, LLC, an entity managed by Bruce Cassidy, Chairman of our Board of Directors, as directed by its affiliate, Excel, one of the Subordinated Lenders. The Subordinated Lenders receiving warrants for the remaining 104,759 warrant shares were also entitled to receive a cash payment of $22,000 six months from the date of the Revolving Loan Subordination Agreements, representing one percent ( 1.00% ) of the outstanding principal amount of the loan held by such Subordinated Lenders. This cash payment was made to such Subordinated Lenders on January 25, 2023. ​ The warrants were accounted for as equity awards. We allocated the debt and warrant on a relative fair value basis to the proceeds received for the revolving loan agreement. We further allocated the fair value of the $1,347,719 of the warrants at inception as a debt discount and recorded the straight-line amortization of debt discount as interest expense. The Revolving Loan had a balance, including accrued interest, amounting to $3,196,581 and $4,587,255 as of June 30, 2023, and September 30, 2022, respectively. We incurred interest expense for the Revolving Loan in the amount of $1,068,425 and $0 for the nine months ended June 30, 2023, and 2022, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES We may be involved in legal proceedings, claims and assessments arising in the ordinary course of business. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance. There are no such loss contingencies that are included in the financial statements as of June 30, 2023.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 10 – RELATED PARTY TRANSACTIONS Related parties are natural persons or other entities that have the ability, directly or indirectly, to control another party or exercise significant influence over the party making financial and operating decisions. Related parties include other parties that are subject to common control or that are subject to common significant influences. Revolving Loan Agreement Effective as of July 29, 2022, we entered into the Revolving Loan Agreement. In connection with the loan under the Revolving Loan Agreement, the Subordinated Lenders delivered the Revolving Loan Subordination Agreements to the Senior Lender. In connection with the delivery of the Revolving Loan Subordination Agreements by the Subordinated Lenders, on July 29, 2022, we issued warrants to each Subordinated Lender on identical terms for an aggregate of up to 296,329 shares of our Common Stock. Each warrant has an exercise price of $5.25 per share, expires on July 29, 2025. One warrant for 191,570 warrant shares was issued to Eagle Investment Group, LLC, an entity managed by Bruce Cassidy, Chairman of our Board of Directors, as directed by its affiliate, Excel, one of the Subordinated Lenders. Excel Non-Revolving Loan Agreement On February 23, 2022, we entered into the Prior Excel Loan Agreement with Excel, an entity managed by Bruce Cassidy, Chairman of our Board of Directors, for the $2m Loan (aggregate principal amount of $1,500,000 , which was amended on April 13, 2022, to increase the aggregate principal amount to $2,000,000 . Effective as of April 25, 2022, we entered into the Excel Non-Revolving Loan Agreement for the Excel Non-Revolving Loan (aggregate principal amount of $4,022,986) . The Excel Non-Revolving Loan matures eighteen (18) months from the date of the Excel Non-Revolving Loan Agreement and accrues interest, payable semi-annually in arrears, at a fixed rate of interest equal to twelve ( 12 ) percent per year. On April 25, 2022, we used $2,000,000 of the proceeds of the Excel Non-Revolving Loan to prepay all of the remaining outstanding principal and interest of the $2m Loan and the Prior Excel Loan Agreement was terminated in connection with such prepayment. Under the Excel Non-Revolving Loan Agreement, we granted to the lender a security interest in all of our present and future assets and properties, real or personal, tangible or intangible, wherever located, including products and proceeds thereof (which was subsequently subordinated in connection with the Revolving Loan Agreement). In connection with the Excel Non-Revolving Loan, on April 25, 2022, we issued a warrant for an aggregate of up to 383,141 shares of our Common Stock. The warrant has an exercise price of $5.25 per share, expires on April 25, 2025, and shall be exercisable at any time prior to the expiration date. Effective as of December 14, 2022, we entered into a Non-Revolving Line of Credit Agreement Amendment and a Non-Revolving line of Credit Promissory Note Amendment with Excel to extend the maturity date of the Excel Non-Revolving Loan from eighteen (18) months to twenty-four (24) months from the date of the Excel Non-Revolving Loan. Effective as of May 10, 2023, we entered into a Non-Revolving Line of Credit Agreement Amendment No. 2 and a Non-Revolving Line of Credit Promissory Note Amendment No. 2 with Excel to extend the maturity date of the Excel Non-Revolving Loan from twenty-four (24) months to twenty-five (25) months from the date of the Excel Non-Revolving Loan. The Excel Non-Revolving Loan had a balance, including accrued interest, amounting to $4,352,871 and $4,226,181 as of June 30, 2023, and September 30, 2022, respectively. We incurred interest expense for the Excel Non-Revolving Loan in the amount of $325,226 and $331,548 for the three months ended June 30, 2023, and 2022, respectively, and $1,080,945 and $331,548 for the nine months ended June 30, 2023, and 2022, respectively. 2023 Secured Loan Excel, an entity managed by Bruce Cassidy, Chairman of our Board of Directors, has committed to be a lender under the 2023 Secured Loan Agreement for an aggregate loan of $2.65 million. As of the date of this filing, Excel has not loaned any funds to us under the 2023 Secured Loan . Excel $2.2M Line of Credit On May 31, 2023, we entered into the Excel Secured Line of Credit Agreement with Excel, an entity managed by Bruce Cassidy, Chairman of our Board of Directors for the Excel $2.2 M Line of Credit, evidenced by a Non-Revolving Line of Credit Promissory Note. The Excel $2.2 M Line of Credit matures ninety (90) days from the date of the Excel Secured Line of Credit Agreement and accrues interest, payable in arrears on the Excel $2.2M Line of Credit maturity date, at a fixed rate of interest equal to ten and one half ( 10.5 ) percent per year. The Excel $2.2 M Line of Credit had a balance, including accrued interest, amounting to $2,219,250 and $0 as of June 30, 2023, and September 30, 2022, respectively. We incurred interest expense for the Excel $2.2 M Line of Credit in the amount of $19,250 and $0 for the three months ended June 30, 2023, and 2022, respectively, and $19,250 and $0 for the nine months ended June 30, 2023, and 2022, respectively. 500 Limited For the nine months ended June 30, 2023, and 2022, we paid 500 Limited $307,000 and $310,269 , respectively, for programming services provided to Loop Media. 500 Limited is an entity controlled by Liam McCallum, our Chief Product and Technology Officer.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	9 Months Ended
	Jun. 30, 2023
Equity [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	NOTE 11 –STOCKHOLDERS’ EQUITY (DEFICIT) Change in Number of Authorized and Outstanding Shares On September 21, 2022, a 1 for 3 reverse stock split of our Common Stock became effective. All share and per share information in the accompanying consolidated financial statements and footnotes has been retroactively adjusted for the effects of the reverse split for all periods presented. Common Stock Our authorized capital stock consists of 105,555,556 shares of Common Stock, $0.0001 par value per share, and 3,333,334 shares of preferred stock, $0.0001 par value per share. As of June 30, 2023, and 2022, there were 59,183,668 and 51,179,865, respectively, shares of Common Stock issued outstanding Nine months ended June 30, 2023 We filed a Shelf Registration Statement on Form S-3 that has been declared effective by the SEC. On May 12, 2023, we entered into an At Market (“ATM”) Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (the “Agent”) pursuant to which we may offer and sell, from time to time through the Agent, shares of our Common Stock, for aggregate gross proceeds of up to $50,000,000. During the three and nine months ended June 30, 2023, we issued 2,779,997 shares of Common Stock under the Sales Agreement, resulting in cash proceeds of $8,317,936, net of placement agent’s commission and related fees of $257,435 but before deducting offering costs. During the nine months ended June 30, 2023, we issued 22,462 shares of Common Stock upon the exercise of stock options. See Note 12 – Stock Options and Warrants for stock compensation discussion. Nine months ended June 30, 2022 During the nine months ended June 30, 2022, we issued 23,152 shares of Common Stock with a value of $177,000 as payment in kind for accrued interest due on certain convertible notes. Of this amount, 18,443 shares of Common Stock at a value of $141,000 was issued to a board member. During the nine months ended June 30, 2022, we issued 6,666,666 shares of Common Stock to a board member upon conversion of 200,000 shares of Series B Preferred Stock. See Note 12 – Stock Options and Warrants for stock compensation discussion.

STOCK OPTIONS, RESTRICTED STOCK

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS	9 Months Ended
	Jun. 30, 2023
Share-based Payment Arrangement, Additional Disclosure [Abstract]
STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS	NOTE 12 – STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS Options Option valuation models require the input of highly subjective assumptions. The fair value of stock-based payment awards was estimated using the Black-Scholes option model with a volatility figure derived from using our historical stock prices. We account for the expected life of options based on the contractual life of options for non-employees. For employees, we account for the expected life of options in accordance with the “simplified” method, which is used for “plain-vanilla” options, as defined in the accounting standards codification. The risk-free interest rate was determined from the implied yields of U.S. Treasury zero-coupon bonds with a remaining life consistent with the expected term of the options. The following table summarizes the stock option activity for the nine months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ Options Exercise Price Contractual Term Intrinsic Value Outstanding at September 30, 2022 8,174,563 ​ $ 3.78 7.42 ​ $ 9,188,491 Grants 502,431 ​ 4.35 10.00 ​ ​ — Exercised (22,462) ​ 1.71 — ​ — Expired — ​ — — ​ — Forfeited (98,972) ​ 5.81 — ​ — Outstanding at June 30, 2023 8,555,560 ​ $ 3.90 ​ 7.41 ​ ​ 656,612 Exercisable at June 30, 2023 6,772,308 ​ ​ 3.53 ​ 7.08 ​ ​ 671,885 ​ The aggregate intrinsic value in the preceding tables represents the total pretax intrinsic value, based on options with an exercise price less than our stock price of $2.39 as of June 30, 2023, and $8.13 as of June 30, 2022, which would have been received by the option holders had those option holders exercised their options as of that date. The following table presents information related to stock options as of June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding ​ ​ ​ ​ ​ Weighted ​ Options ​ ​ ​ ​ ​ average ​ exercisable ​ Exercise ​ Number of ​ remaining life ​ number of ​ price options in years options $ 2.58 ​ 382,790 ​ 3.28 ​ 382,790 ​ 1.98 ​ 1,472,892 ​ 5.34 ​ 1,472,891 ​ 2.67 ​ 833,333 ​ 6.96 ​ 833,333 ​ 3.30 ​ 2,586,725 ​ 7.37 ​ 2,140,227 ​ 1.71 ​ 77,538 ​ 7.67 ​ 99,999 ​ 8.52 ​ 83,333 ​ 7.83 ​ 83,333 ​ 8.25 ​ 200,000 ​ 7.85 ​ 138,888 ​ 7.05 ​ 16,667 ​ 8.06 ​ 10,647 ​ 7.20 ​ 16,667 ​ 8.08 ​ 10,647 ​ 7.50 ​ 16,667 ​ 8.09 ​ 16,666 ​ 6.90 ​ 278,727 ​ 8.27 ​ 200,607 ​ 7.05 ​ 25,000 ​ 8.33 ​ 10,417 ​ 8.25 ​ 108,591 ​ 8.82 ​ — ​ 7.74 ​ 45,000 ​ 8.88 ​ — ​ 7.05 ​ 8,333 ​ 9.04 ​ — ​ 7.86 ​ 6,667 ​ 9.18 ​ — ​ 4.95 ​ 1,922,990 ​ 9.24 ​ 1,232,935 ​ 6.23 ​ 433,640 ​ 9.52 ​ 138,928 ​ 5.24 ​ 40,000 ​ 9.83 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,555,560 ​ ​ ​ 6,772,308 ​ Stock-based compensation We recognize compensation expense for all stock options granted using the fair value-based method of accounting. During the nine months ended June 30, 2023, we issued 502,431 options valued at $2,009,567. As of June 30, 2023, the total compensation cost related to nonvested awards not yet recognized is $5,304,806 and the weighted average period over which expense is expected to be recognized in months is 24.8 We calculated the fair value of options issued using the Black-Scholes option pricing model, with the following assumptions: ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Weighted average fair value of options granted ​ $ 6.15 ​ Expected life ​ 5.72 years ​ Risk-free interest rate ​ 3.90 % Expected volatility ​ 52.15 % Expected dividends yield ​ — % Forfeiture rate ​ — % ​ The stock-based compensation expense related to option grants was $5,319,045 and $3,948,272, for the nine months ended June 30, 2023, and 2022, respectively. Restricted Stock Units On September 18, 2022, the Compensation Committee of our Board of Directors approved Restricted Stock Unit (“RSU”) awards to certain officers and key employees pursuant to the terms of the Loop Media, Inc. Amended and Restated 2020 Equity Incentive Compensation Plan (the “2020 Plan”). ​ On September 22, 2022, we granted an aggregate of 890,000 RSUs, which vest over time subject to continued service. Each RSU was valued at the public offering price during our initial public offering of $5.00 per share, and twenty-five percent (25%) of the RSUs vest on the one-year anniversary of the grant date and the remainder in equal quarterly installments over the following three-year period. ​ On January 3, 2023, the Compensation Committee of our Board of Directors approved RSU awards as compensation to members of our Board of Directors pursuant to the 2020 Plan. ​ On January 3, 2023, we granted an aggregate of 212,004 RSUs which vest over time subject to continued service. Each RSU was valued at $6.23 per share. Twenty-five percent (25%) of 130,464 RSUs vest on the one-year anniversary of the grant date and the remainder in equal quarterly installments over the following three-year period. One hundred percent (100%) of 81,540 RSUs vest on the day after the end of the fiscal year in which the grant was made. ​ The following table summarizes the RSU activity for the nine months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ RSUs Fair Value Contractual Term Intrinsic Value Outstanding at September 30, 2022 ​ 890,000 ​ $ 5.00 3.04 ​ $ 2,127,100 Grants ​ 212,004 ​ 6.23 2.87 ​ ​ 506,690 Exercised ​ — ​ — — ​ — Expired ​ — ​ — — ​ — Forfeited ​ — ​ — — ​ — Outstanding at June 30, 2023 ​ 1,102,004 ​ $ 5.24 — ​ $ 2,633,790 Exercisable at June 30, 2023 ​ — ​ $ — — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The aggregate intrinsic value in the preceding tables represents the total pretax intrinsic value, based on our stock price of $2.39 as of June 30, 2023, and $8.13 as of June 30, 2022. which would have been received by the RSU holders as of that date. ​ The following table presents information related to RSUs as of June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs outstanding ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ Grant Date ​ Number of ​ Remaining ​ ​ Number of Fair Value RSUs Life in Years ​ RSUs Vested $ 5.00 ​ ​ 890,000 3.23 ​ ​ ​ — $ 6.23 ​ 130,464 3.51 ​ ​ ​ — $ 6.23 ​ 81,540 0.25 ​ ​ — ​ ​ ​ ​ 1,102,004 ​ ​ ​ ​ — ​ The stock-based compensation expense related to RSU grants was $1,263,635 and $0, for the nine months ended June 30, 2023, and 2022, respectively. ​ As of June 30, 2023, the total compensation cost related to nonvested RSU awards not yet recognized was $4,479,793 and the weighted average period over which expense is expected to be recognized in months was 37.9. ​ Warrants The following table summarizes the changes in warrants outstanding and the related prices for the shares of our Common Stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Warrants outstanding ​ Warrants exercisable ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ remaining ​ Weighted ​ ​ ​ remaining ​ ​ ​ ​ ​ contractual ​ average ​ ​ ​ contractual ​ ​ ​ Number ​ life ​ exercise ​ Number ​ life Exercise prices outstanding (years) ​ price exercisable (years) $ 2.58 ​ 100,000 ​ 6.28 ​ ​ 2.58 ​ 100,000 ​ 6.28 ​ 2.57 ​ 666,666 ​ 3.44 ​ ​ 2.57 ​ 666,666 ​ 3.44 ​ 2.25 ​ 888,888 ​ 6.70 ​ ​ 2.25 ​ 888,888 ​ 6.70 ​ 8.25 ​ 107,952 ​ 1.42 ​ ​ 8.25 ​ 107,952 ​ 1.42 ​ 8.40 ​ 16,666 ​ 5.82 ​ ​ 8.40 ​ 16,666 ​ 5.82 ​ 8.25 ​ 2,191,149 ​ 1.25 ​ ​ 8.25 ​ 2,191,149 ​ 1.25 ​ 7.05 ​ 62,438 ​ 3.71 ​ ​ 7.05 ​ — ​ — ​ 5.25 ​ 383,141 ​ 1.82 ​ ​ 5.25 ​ 383,141 ​ 1.82 ​ 5.25 ​ 209,522 ​ 1.87 ​ ​ 5.25 ​ 209,522 ​ 1.87 ​ 9.00 ​ 66,666 ​ 1.88 ​ ​ 9.00 ​ — ​ — ​ 7.95 ​ 100,000 ​ 1.96 ​ ​ 7.95 ​ — ​ — ​ 5.25 ​ 296,329 ​ 2.08 ​ ​ 5.25 ​ 296,329 ​ 2.08 ​ 6.00 ​ 192,000 ​ 4.24 ​ ​ 6.00 ​ 192,000 ​ 4.24 ​ 6.00 ​ 18,616 ​ 4.25 ​ ​ 6.00 ​ 18,616 ​ 4.25 ​ 4.33 ​ 83,142 ​ 2.86 ​ ​ 4.33 ​ 83,142 ​ 2.86 ​ The following table summarizes the warrant activity for the nine months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ average ​ ​ ​ ​ exercise ​ ​ Number of ​ price per ​ ​ shares ​ share Outstanding at September 30, 2022 ​ 5,300,033 ​ $ 5.82 Issued ​ 83,142 ​ ​ 4.33 Exercised ​ — ​ ​ — Expired ​ — ​ ​ — Outstanding at June 30, 2023 5,383,175 ​ $ 5.80 ​ We record all warrants granted using the fair value-based method of accounting. During the nine months ended June 30, 2023, we issued 83,142 warrants in conjunction with lines of credit. We recorded consulting expense of $232,789 as a result of current period vesting of previously issued warrants to various companies for consulting services. We calculated the fair value of warrants issued using the Black-Scholes option pricing model, with the following assumptions: ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Weighted average fair value of warrants granted ​ $ 4.33 ​ Expected life ​ 3.00 years Risk-free interest rate ​ 3.90 % Expected volatility ​ 50.61 % Expected dividends yield ​ — % Forfeiture rate ​ — % ​

INCOME TAX

INCOME TAX	9 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAX	NOTE 13 – INCOME TAXES We calculate our interim income tax provision in accordance with ASC Topic 270, Interim Reporting and ASC Topic 740, Accounting for Income Taxes. At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our ordinary year to date earnings. In addition, the tax effects of unusual or infrequently occurring items including changes in judgment about valuation allowances and effects of changes in enacted tax laws are recognized discretely in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including the expected operating (loss) income for the year, permanent and temporary differences as a result of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur or additional information is obtained. For the nine months ended June 30, 2023, we recorded an income tax provision of $1,624 related to state and local taxes. For the nine months ended June 30, 2022, we recorded an income tax provision of $1,051 related to state and local taxes. The effective rate for both the nine months ended June 30, 2023, and 2022, differ from the U.S. federal statutory rate of 21% as no income tax benefit was recorded for current year operating losses as we maintain a full valuation allowance on our deferred tax assets. For the three months ended June 30, 2023, we recorded an income tax provision of $394 related to state and local taxes. For the three months ended June 30, 2022, we recorded an income tax provision of $0 . The effective rate for both the three months ended June 30, 2023, and 2022, differ from the U.S. federal statutory rate of 21% as no income tax benefit was recorded for current year operating losses as we maintain a full valuation allowance on our deferred tax assets. The Inflation Reduction Act of 2022 (the “Act”) was signed into U.S. law on August 16, 2022. The Act includes various tax provisions, including an excise tax on stock repurchases, expanded tax credits for clean energy incentives, and a corporate alternative minimum tax that generally applies to U.S. corporations with average adjusted annual financial statement income over a three-year period in excess of $1 billion. We do not expect the Act to materially impact our consolidated financial statements. ​ Effective beginning in fiscal 2022, the U.S. Tax Cuts and Job Act of 2017 requires us to deduct U.S. and international research and development expenditures ("R&D") for tax purposes over 5 to 15 years, instead of in the current fiscal year. We concurrently record a deferred tax benefit for the future amortization of the research and development for tax purposes. The requirement to expense R&D as incurred is unchanged for U.S. GAAP purposes and the impact to pre-tax R&D expense is not affected by this provision. ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 – SUBSEQUENT EVENTS We have evaluated all subsequent events through the date of this quarterly report on Form 10-Q with the SEC, to ensure that this filing includes appropriate disclosure of events both recognized in the financial statements as of June 30, 2023, and events which occurred after June 30, 2023, but which were not recognized in the financial statements. Shelf Registration ($50 Million ATM) From July 1, 2023, through the filing date of this quarterly report on Form 10-Q, we sold 95,000 shares of Common Stock under the Sales Agreement, resulting in cash proceeds of $247,739, net of placement agent’s commission and related fees of $7,711 but before deducting offerings costs. ​ Departure of Head of Loop Media Studios Due to the integration of Loop Media Studios into other areas of our business during the three months ended June 30, 2023, Andrew Schuon (“Mr. Schuon”), the former Head of Loop Media Studios, departed from his position as Head of Loop Media Studios, effective July 1, 2023 (the “Separation Date”). In connection with Mr. Schuon’s departure, the Company and Mr. Schuon entered into a Separation and General Release Agreement, dated as of July 1, 2023 (the “Separation Agreement”). The Separation Agreement provides that Mr. Schuon will receive certain severance payments and related benefits (the “Consideration”). As a result of the Consideration granted to Mr. Schuon under the Separation Agreement, we will recognize approximately $1.5 million for stock-based compensation and other severance-related expenses in the fourth quarter of fiscal 2023. ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements The following (a) condensed consolidated balance sheet as of September 30, 2022, which has been derived from our audited financial statements, and (b) our unaudited condensed consolidated interim financial statements for the nine months ended June 30, 2023, have been prepared in accordance with accounting principles generally accepted in the United States ("US GAAP") for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X of the Securities Act of 1933. Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended June 30, 2023, are not necessarily indicative of results that may be expected for the year ending September 30, 2023. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended September 30, 2022, included in our Annual Report on Form 10-K filed with the SEC on December 20, 2022.
Basis of presentation	Basis of presentation The consolidated financial statements include our accounts and our wholly-owned subsidiaries, EON Media Group Pte. Ltd. and Retail Media TV, Inc. The unaudited
Use of estimates	Use of estimates The preparation of the unaudited condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include assumptions used in the revenue recognition of performance obligations, allowance for doubtful accounts, fair value of stock-based compensation awards, income taxes and going concern.
Segment reporting	Segment reporting ​ We report as one reportable segment because we do not have more than one operating segment. Our business activities, revenues and expenses are evaluated by management as one reportable segment.
Cash	Cash Cash and cash equivalents include all highly liquid monetary instruments with original maturities of three months or less when purchased. These investments are carried at cost, which approximates fair value. Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash deposits. We maintain our cash in institutions insured by the Federal Deposit Insurance Corporation (“FDIC”). At times, our cash and cash equivalent balances may be uninsured or in amounts that exceed the FDIC insurance limits. We have not experienced any losses on such accounts. On June 30, 2023, and September 30, 2022, we had no cash equivalents. As of June 30, 2023, and September 30, 2022, approximately $6,136,288 and $13,821,914 of cash exceeded the FDIC insurance limits, respectively.
Accounts receivable	Accounts receivable Accounts receivable represent amounts due from customers. We assess the collectability of receivables on an ongoing basis. A provision for the impairment of receivables involves significant management judgment and includes the review of individual receivables based on individual customers, current economic trends and analysis of historical bad debts. As of June 30, 2023, and September 30, 2022, we had recorded an allowance for doubtful accounts of $474,218 and $646,013, respectively.
Concentration of credit risk	Concentration of credit risk During the nine months ended June 30, 2023, we had two customers which each individually comprised greater than 10% of net revenue. These customers represented 16% and 14% respectively. No other customer accounted for more than 10% of net revenue during the periods presented. As of June 30, 2023, one customer accounted for a total of 15% of our accounts receivable balance. No other customer accounted for more than 10% of total accounts receivable. We grant credit in the normal course of business to our customers. Periodically, we review past due accounts and make decisions about future credit on a customer-by-customer basis. Credit risk is the risk that one party to a financial instrument will cause a loss for the other party by failing to discharge an obligation.
Prepaid expenses	Prepaid expenses Expenditures paid in one accounting period which will not be consumed until a future period such as insurance premiums and annual subscription fees are accounted for on the balance sheet as a prepaid expense. When the asset is eventually consumed, it is charged to expense.
Content Asset	Content Assets We capitalize the fixed content fees and corresponding liability when the license period begins, the cost of the content is known, and the content is accepted and available for streaming. If the licensing fee is not determinable or reasonably estimable, no asset or liability is recorded, and licensing costs are expensed as incurred. We amortize licensed content assets into cost of revenue, using the straight-line method over the contractual period of availability. The liability is paid in accordance with the contractual terms of the arrangement. Internally-developed content costs are capitalized in the same manner as licensed content costs, when the cost of the content is known and the content is ready and available for streaming. We amortize internally-developed content assets into cost of revenue, using the straight-line method over the estimated period of streaming.
Long-lived assets	Long-lived assets We evaluate the recoverability of long-lived assets, including intangible assets, for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner that an asset is used, or a significant adverse change that would indicate that the carrying amount of an asset or group of assets is not recoverable. For long-lived assets to be held and used, we recognize an impairment loss only if their carrying amount is not recoverable through the undiscounted cash flows. The impairment loss is based on the difference between the carrying amount and estimated fair value as determined by discounted future cash flows. Our finite long-lived intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from two nine years
Property and equipment, net	Property and equipment, net Property and equipment are stated at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the asset’s estimated useful life. Our capitalization policy is to capitalize property and equipment purchases greater than $3,000, as well as internally-developed software enhancements. Expenditures for maintenance and repairs are expensed as incurred. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition is reflected in earnings. ​ Loop Players are capitalized as fixed assets and depreciated over the estimated period of use. ​ See below for estimated useful lives: ​ ​ ​ ​ Loop Players ​ 3 years Equipment 3 Software ​ 3 years
Operating leases	Operating leases We determine if an arrangement is a lease at inception. Operating lease right-of-use assets (“ROU assets”) and short-term and long-term lease liabilities are included on the face of the consolidated balance sheet. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. For lease agreements with terms less than twelve months, we have elected the short-term lease measurement and recognition exemption, and we recognize such lease payments on a straight-line basis over the lease term.
Fair value measurement	Fair value measurement We determine the fair value of our assets and liabilities using a hierarchy established by the accounting guidance that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). The three levels of valuation hierarchy are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology included quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology is one or more unobservable inputs which are significant to the fair value measurement. The carrying amount of our financial instruments, including cash, accounts receivable, deposits, short-term portion of notes receivable and notes payable, and current liabilities approximate fair value due to their short-term nature. We do not have financial assets or liabilities that are required under US GAAP to be measured at fair value on a recurring basis. We have not elected to use fair value measurement option for any assets or liabilities for which fair value measurement is not presently required. We record assets and liabilities at fair value on a nonrecurring basis as required by US GAAP. Assets recognized or disclosed at fair value in the condensed ​ On September 26, 2022, our convertible debentures converted to Common Stock as part of our public offering and uplist to The NYSE American, LLC, in accordance with the terms of the original debt agreements. As of September 30, 2022, the remaining balance of the Derivative Liability was written off as part of the conversion to equity. Thus, there is no fair value measurement of the Derivative Liability balance as of June 30, 2023. ​ The following table summarizes changes in fair value measurements of the Derivative Liability during the nine months ended June 30, 2022: ​ ​ ​ ​ ​ Balance as of September 30, 2021 ​ $ 1,058,633 Derivative Liability issued with convertible debentures ​ — Change in fair value ​ (164,708) Balance as of June 30, 2022 ​ $ 893,925 ​
Advertising costs	Advertising costs We expense all advertising costs as incurred. Advertising and marketing costs for the nine months ended June 30, 2023, and 2022, were $8,459,684 and $4,583,602, respectively.
Revenue recognition	Revenue recognition We recognize revenue in accordance with ASC 606 , Revenue from Contracts with Customers ● executed contracts with our customers that we believe are legally enforceable; ● identification of performance obligations in the respective contract; ● determination of the transaction price for each performance obligation in the respective contract; ● allocation of the transaction price to each performance obligation; and ● recognition of revenue only when we satisfy each performance obligation. Our revenue can be categorized into two revenue streams: Advertising revenue and Legacy and other revenue. The following table disaggregates our revenue by major type for each of the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 Advertising revenue ​ $ 5,079,922 ​ $ 10,047,278 ​ $ 23,687,817 ​ $ 14,984,156 Legacy and other revenue ​ ​ 655,054 ​ ​ 756,805 ​ ​ 2,266,221 ​ ​ 3,695,800 Total ​ $ 5,734,976 ​ $ 10,804,083 ​ $ 25,954,038 ​ $ 18,679,956 ​ Performance obligations and significant judgments Our performance obligations and recognition patterns for each revenue stream are as follows: Advertising revenue For the three and nine months ended June 30, 2023, advertising revenue accounts for 89% and 91%, respectively, of our revenue and includes revenue from direct and programmatic advertising as well as sponsorships. For all advertising revenue sources, we evaluate whether we should be considered the principal (i.e., report revenues on a gross basis) or an agent (i.e., report revenues on a net basis). Our role as principal or agent differs based on our performance obligation for each revenue share arrangement. For both the O&O and Partner Platforms businesses, advertising inventory provided to advertisers through the use of an advertising demand partner or agency, with whose fees or commission is calculated based on a stated percentage of gross advertising spending, we are considered the agent and our revenues are reported net of agency fees and commissions. We are considered the agent because the demand partner or agency controls all aspects of the transaction (pricing risk, inventory risk, obligation for fulfillment) except for the devices used to show the advertisements, therefore we report this advertising revenue net of agency fees and commissions. We are considered the principal in our arrangements with content providers in our O&O Platform business and with our arrangements with our third-party partners in our Partner Platforms business and thus report revenues on a gross basis (net of agency fees and commissions), wherein the amounts billed to our advertising demand partners, advertising agencies, and direct advertisers and sponsors are recorded as revenues, and amounts paid to content providers and third-party partners are recorded as expenses. We are considered the principal because we control the advertising space, are primarily responsible to our advertising demand partners and other parties filling our advertising inventory, have discretion in pricing and advertising fill rates and typically have an inventory risk. For advertising revenue, we recognize revenue at the time the digital advertising impressions are filled and the advertisements are played and, for sponsorship revenue, we generally recognize revenue ratably over the term of the sponsorship arrangement as the sponsored advertisements are played. Legacy and other business revenue ​ For the three and nine months ended June 30, 2023, legacy and other business revenue accounts for the remaining 11% and 9%, respectively, of total revenue and includes streaming services, subscription content services, and hardware delivery, as described below: ​ o Delivery of streaming services including content encoding and hosting. We recognize revenue over the term of the service based on bandwidth usage. Revenue from streaming services is insignificant. ​ o Delivery of subscription content services in customized formats. We recognize revenue straight-line over the term of the service. ​ o Delivery of hardware for ongoing subscription content delivery through software. We recognize revenue at the point of hardware delivery. Revenue from hardware sales is insignificant. ​ Transaction prices for performance obligations are explicitly outlined in relevant agreements; therefore, we do not believe that significant judgments are required with respect to the determination of the transaction price, including any variable consideration identified.
Customer acquisition costs	Customer acquisition costs ​ Customer acquisition costs consist of marketing costs and affiliate fees associated with the O&O Platform business. They are included in operating expenses and expensed as incurred.
Cost of revenue	Cost of revenue ​ Cost of revenue for the O&O Platform and legacy businesses represents the amortized cost of ongoing licensing and hosting fees, which is recognized over time based on usage patterns. The depreciation expense associated with the Loop Players is not included in cost of sales. ​ Cost of revenue for the Partner Platform business represents hosting fees, amortized costs of internally-developed content, and the revenue share with third party partners (after deduction of allocated infrastructure costs). The cost of revenue is higher with partners within the Partner Platform versus those within the O&O Platform because we leverage our Partner Platform partners’ network of customers and their screens to deliver content and advertising inventory, rather than using our own Loop Players.
Deferred income	Deferred income As of June 30, 2023, we no longer bill subscription services in advance of when the service period is performed. The deferred income recorded at September 30, 2022, represents our accounting for the timing difference between when the subscription fees are received and when the performance obligation is satisfied.
Net loss per share	Net loss per share We account for net loss per share in accordance with ASC subtopic 260-10, Earnings Per Share Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of Common Stock outstanding during each period. It excludes the dilutive effects of any potentially issuable common shares. Diluted net loss per share is calculated by including any potentially dilutive share issuances in the denominator. The following securities are excluded from the calculation of weighted average diluted shares at June 30, 2023, and September 30, 2022, respectively, because their inclusion would have been anti-dilutive. ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Options to purchase Common Stock 8,555,560 8,174,583 Warrants to purchase Common Stock 5,383,175 5,300,033 Restricted Stock Units (RSUs) ​ 1,102,004 ​ 890,000 Series A preferred stock — — Series B preferred stock — — Convertible debentures — — Total Common Stock equivalents 15,040,739 14,364,616
Shipping and handling costs	Shipping and handling costs Loop Players are provided free to our customers. Loop Media absorbs any associated costs of shipping and handling and records as an operational expense at the time of service.
Income taxes	Income taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. We have no material uncertain tax positions for any of the reporting periods presented. We recognize accrued interest and penalties related to unrecognized tax benefits as part of income tax expense. We have also made a policy election to treat the income tax with respect to global intangible low-tax income as a period expense when incurred. ​ In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Simplifying the Accounting for Income Taxes, as part of its initiative to reduce complexity in accounting standards. The amendments in the ASU are effective for fiscal years beginning after December 15, 2020, including interim periods therein. The adoption of this standard in the first quarter of 2022 had no impact on our consolidated financial statements.
Stock-based compensation	Stock-based compensation Stock-based compensation issued to employees is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite service period. We measure the fair value of the stock-based compensation issued to non-employees using the stock price observed in the trading market (for stock transactions) or the fair value of the award (for non-stock transactions), which were more reliably determinable measures of fair value than the value of the services being rendered.
Deferred financing costs	Deferred financing costs ​ Deferred financing costs represent legal, accounting and other direct costs related to our efforts to raise capital through a public or private sale of our Common Stock. Costs related to the public sale of our Common Stock are deferred until the completion of the applicable offering, at which time such costs are reclassified to additional paid-in-capital as a reduction of the proceeds. Costs related to the private sale of our Common Stock are deferred until the completion of the applicable offering, at which time such costs are amortized over the term of the applicable purchase agreement.
Employee Retention Credit	Employee retention credits ​ In March 2020, the Coronavirus Aid, Relief, and Economic Security Act was signed into law, providing numerous tax provisions and other stimulus measures, including the Employee Retention Credit (“ERC”): a refundable tax credit against certain employment taxes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 and the American Rescue Plan Act of 2021 extended and expanded the availability of the ERC. We qualified for the ERC in the third and fourth quarters of 2020 and the first, second and third quarters of 2021. During the three months ended June 30, 2023, we recorded an aggregate benefit of $648,543 in our condensed combined income statement to reflect the ERC.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to current year presentation. These reclassifications have no effect on the previously reported financial position, results of operations, or cash flows. Previously reported accounts payable and accrued liabilities have now been disaggregated into accounts payable, accrued liabilities, and accrued royalty.
Recently adopted and recent accounting pronouncements	Recently adopted accounting pronouncements In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) ​ Recent accounting pronouncements In September 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of estimated useful lives	​ ​ ​ ​ Loop Players ​ 3 years Equipment 3 Software ​ 3 years
Schedule of changes in fair value measurement	The following table summarizes changes in fair value measurements of the Derivative Liability during the nine months ended June 30, 2022: ​ ​ ​ ​ ​ Balance as of September 30, 2021 ​ $ 1,058,633 Derivative Liability issued with convertible debentures ​ — Change in fair value ​ (164,708) Balance as of June 30, 2022 ​ $ 893,925
Schedule of revenue by category	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 Advertising revenue ​ $ 5,079,922 ​ $ 10,047,278 ​ $ 23,687,817 ​ $ 14,984,156 Legacy and other revenue ​ ​ 655,054 ​ ​ 756,805 ​ ​ 2,266,221 ​ ​ 3,695,800 Total ​ $ 5,734,976 ​ $ 10,804,083 ​ $ 25,954,038 ​ $ 18,679,956
Schedule of weighted average diluted shares	​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Options to purchase Common Stock 8,555,560 8,174,583 Warrants to purchase Common Stock 5,383,175 5,300,033 Restricted Stock Units (RSUs) ​ 1,102,004 ​ 890,000 Series A preferred stock — — Series B preferred stock — — Convertible debentures — — Total Common Stock equivalents 15,040,739 14,364,616

CONTENT ASSETS (Tables)

CONTENT ASSETS (Tables)	9 Months Ended
	Jun. 30, 2023
Content Assets [Abstract]
Schedule of amortization expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ 2023 2022 ​ 2023 2022 Licensed Content Assets ​ $ 760,951 ​ $ 275,823 ​ $ 2,045,794 ​ $ 933,036 Internally-Developed Assets ​ ​ 18,215 ​ ​ — ​ ​ 46,082 ​ ​ — Total ​ $ 779,166 ​ $ 275,823 ​ $ 2,091,876 ​ $ 933,036
Schedule of future amortization expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining in Fiscal Year 2023 ​ Fiscal Year 2024 ​ Fiscal Year 2025 ​ Fiscal Year 2026 Licensed Content Assets ​ $ 755,022 ​ $ 2,010,157 ​ $ 115,726 ​ $ 2,664 Internally-Developed Assets ​ 18,215 ​ 72,860 ​ 59,440 ​ 8,562 Total ​ $ 773,237 ​ $ 2,083,017 ​ $ 175,166 ​ $ 11,226 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Jun. 30, 2023
Table Text Block Supplement [Abstract]
Schedule of equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Loop Players ​ $ 2,251,061 ​ $ 1,259,402 Equipment ​ ​ 1,195,521 ​ ​ 703,341 Software ​ 815,966 ​ 404,058 ​ ​ 4,262,548 ​ 2,366,801 Less: accumulated depreciation ​ (1,349,389) ​ (733,632) Total property and equipment, net ​ $ 2,913,159 ​ $ 1,633,169

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Jun. 30, 2023
Table Text Block Supplement [Abstract]
Schedule of definite lived intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ Useful life 2023 2022 Customer relationships ​ nine years ​ $ 1,012,000 ​ $ 1,012,000 Content library ​ two years ​ 198,000 ​ 198,000 Total intangible assets, gross ​ ​ ​ 1,210,000 ​ 1,210,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated amortization ​ ​ ​ (704,000) ​ (619,667) Total ​ ​ ​ (704,000) ​ (619,667) Total intangible assets, net ​ ​ ​ $ 506,000 ​ $ 590,333

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	9 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of lease liability	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Short term portion ​ $ — ​ $ 75,529 Long term portion ​ — ​ — Total lease liability ​ $ — ​ $ 75,529
Schedule of lease expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ 2023 2022 ​ 2023 2022 Operating lease expense ​ $ 17,495 ​ $ 44,444 ​ $ 79,434 ​ $ 133,332 Short-term lease expense ​ 34,828 ​ 2,400 ​ 69,659 ​ 6,600 Total lease expense ​ $ 52,323 ​ $ 46,844 ​ $ 149,093 ​ $ 139,932

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ ​ 2023 ​ 2022 Accounts payable ​ $ 5,204,563 ​ $ 7,453,801 ​ ​ ​ ​ ​ ​ ​ Performance bonuses ​ 1,262,000 ​ ​ 2,970,000 Interest payable ​ ​ 439,711 ​ ​ 348,150 Professional fees ​ ​ 431,698 ​ 505,169 Marketing ​ ​ 254,206 ​ ​ 344,309 Commissions ​ 57,782 ​ 425,321 Insurance liabilities ​ ​ 31,399 ​ ​ 602,970 Other accrued liabilities ​ ​ 244,831 ​ ​ 424,954 Accrued liabilities ​ 2,721,627 ​ 5,620,873 ​ ​ ​ ​ ​ ​ ​ Accrued royalties and revenue share ​ ​ 3,810,862 ​ ​ 4,559,088 ​ ​ ​ ​ ​ ​ ​ Total accounts payable and accrued expenses ​ $ 11,737,052 ​ $ 17,633,762

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Jun. 30, 2023
Debt Instruments [Abstract]
Schedule of classifications of non-revolving line of credit	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of Credit as of June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Contractual ​ ​ ​ ​ ​ ​ Net Carrying Value ​ Principal ​ Interest Rates ​ Contractual ​ Warrants Related party lines of credit: ​ Current ​ Long Term ​ Balance ​ Cash ​ Maturity Date ​ issued $4,022,986 non-revolving line of credit, amended December 12, 2022 ​ $ 3,293,289 ​ $ — ​ $ 4,022,986 ​ 12% ​ 5/25/2024 ​ 383,141 $2,200,000 non-revolving line of credit, May 31, 2023 ​ ​ 2,200,000 ​ ​ — ​ ​ 2,200,000 ​ 10.50% ​ 8/31/2023 ​ — $2,650,000 non-revolving line of credit, May 10, 2023 ​ ​ — ​ ​ — ​ ​ — ​ 12% ​ 5/10/2025 ​ — Total related party lines of credit, net ​ $ 5,493,289 ​ $ — ​ $ 6,222,986 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of credit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $2,200,000 non-revolving line of credit, May 13, 2022 ​ $ 1,967,157 ​ $ — ​ $ 2,200,000 ​ 12% ​ 11/13/2023 ​ 314,286 $1,350,000 non-revolving line of credit, May 10, 2023 ​ ​ — ​ ​ 409,632 ​ ​ 900,000 ​ 12% ​ 5/10/2025 ​ 83,142 $6,000,000 revolving line of credit, July 29, 2022 ​ ​ — ​ ​ 2,246,060 ​ ​ 3,155,361 ​ Greater of 4% or Prime ​ 7/29/2024 ​ — Total lines of credit, net ​ $ 1,967,157 ​ $ 2,655,692 ​ $ 6,255,361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of Credit as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Contractual ​ ​ ​ ​ ​ ​ Net Carrying Value ​ Principal ​ Interest Rates ​ Contractual ​ Warrants Related party lines of credit: ​ Current ​ Long Term ​ Balance ​ Cash ​ Maturity Date ​ issued $4,022,986 non-revolving line of credit, April 25, 2022 (1) $ — ​ $ 2,575,753 ​ $ 4,022,986 ​ 12% ​ 10/25/2023 ​ 383,141 Total related party lines of credit, net ​ $ — ​ $ 2,575,753 ​ $ 4,022,986 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of credit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $2,200,000 non-revolving line of credit, May 13, 2022 (2) $ — ​ $ 1,494,469 ​ $ 2,200,000 ​ 12% ​ 11/13/2023 ​ 314,286 $6,000,000 revolving line of credit, July 29, 2022 ​ ​ — ​ ​ 3,030,516 ​ ​ 4,543,560 ​ Greater of 4% or Prime ​ 7/29/2024 ​ — Total lines of credit, net ​ $ — ​ $ 4,524,985 ​ $ 6,743,560 ​ ​ ​ ​ ​ ​
Schedule of interest expense related to the contractual interest coupon and the amortization of debt discounts on the convertible debentures	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 Interest expense ​ $ 364,604 ​ $ 247,622 ​ $ 1,037,499 ​ $ 502,310 Amortization of debt discounts ​ ​ 597,674 ​ ​ 819,313 ​ ​ 1,842,003 ​ ​ 1,532,792 Total ​ $ 962,278 ​ $ 1,066,935 ​ $ 2,879,502 ​ $ 2,035,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity analysis under the line of credit agreements for the fiscal years ended September 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ $ 2,200,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ ​ 9,378,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2025 ​ ​ 900,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2026 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ 2027 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of credit, related and non-related party ​ ​ 12,478,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: Debt discount on lines of credit payable ​ ​ (2,362,186) ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Lines of credit payable, related and non-related party, net ​ $ 10,116,161 ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of maturity analysis under line of credit agreements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Nine months ended June 30, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 Interest expense ​ $ 364,604 ​ $ 247,622 ​ $ 1,037,499 ​ $ 502,310 Amortization of debt discounts ​ ​ 597,674 ​ ​ 819,313 ​ ​ 1,842,003 ​ ​ 1,532,792 Total ​ $ 962,278 ​ $ 1,066,935 ​ $ 2,879,502 ​ $ 2,035,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity analysis under the line of credit agreements for the fiscal years ended September 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ $ 2,200,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ ​ 9,378,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2025 ​ ​ 900,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2026 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ 2027 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Lines of credit, related and non-related party ​ ​ 12,478,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: Debt discount on lines of credit payable ​ ​ (2,362,186) ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Lines of credit payable, related and non-related party, net ​ $ 10,116,161 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

STOCK OPTIONS, RESTRICTED STO_2

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS (Tables)	9 Months Ended
	Jun. 30, 2023
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Schedule of stock option activity	The following table summarizes the stock option activity for the nine months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ Options Exercise Price Contractual Term Intrinsic Value Outstanding at September 30, 2022 8,174,563 ​ $ 3.78 7.42 ​ $ 9,188,491 Grants 502,431 ​ 4.35 10.00 ​ ​ — Exercised (22,462) ​ 1.71 — ​ — Expired — ​ — — ​ — Forfeited (98,972) ​ 5.81 — ​ — Outstanding at June 30, 2023 8,555,560 ​ $ 3.90 ​ 7.41 ​ ​ 656,612 Exercisable at June 30, 2023 6,772,308 ​ ​ 3.53 ​ 7.08 ​ ​ 671,885
Schedule of related to stock options	The following table presents information related to stock options as of June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding ​ ​ ​ ​ ​ Weighted ​ Options ​ ​ ​ ​ ​ average ​ exercisable ​ Exercise ​ Number of ​ remaining life ​ number of ​ price options in years options $ 2.58 ​ 382,790 ​ 3.28 ​ 382,790 ​ 1.98 ​ 1,472,892 ​ 5.34 ​ 1,472,891 ​ 2.67 ​ 833,333 ​ 6.96 ​ 833,333 ​ 3.30 ​ 2,586,725 ​ 7.37 ​ 2,140,227 ​ 1.71 ​ 77,538 ​ 7.67 ​ 99,999 ​ 8.52 ​ 83,333 ​ 7.83 ​ 83,333 ​ 8.25 ​ 200,000 ​ 7.85 ​ 138,888 ​ 7.05 ​ 16,667 ​ 8.06 ​ 10,647 ​ 7.20 ​ 16,667 ​ 8.08 ​ 10,647 ​ 7.50 ​ 16,667 ​ 8.09 ​ 16,666 ​ 6.90 ​ 278,727 ​ 8.27 ​ 200,607 ​ 7.05 ​ 25,000 ​ 8.33 ​ 10,417 ​ 8.25 ​ 108,591 ​ 8.82 ​ — ​ 7.74 ​ 45,000 ​ 8.88 ​ — ​ 7.05 ​ 8,333 ​ 9.04 ​ — ​ 7.86 ​ 6,667 ​ 9.18 ​ — ​ 4.95 ​ 1,922,990 ​ 9.24 ​ 1,232,935 ​ 6.23 ​ 433,640 ​ 9.52 ​ 138,928 ​ 5.24 ​ 40,000 ​ 9.83 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,555,560 ​ ​ ​ 6,772,308
Schedule of fair value of options	We calculated the fair value of options issued using the Black-Scholes option pricing model, with the following assumptions: ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Weighted average fair value of options granted ​ $ 6.15 ​ Expected life ​ 5.72 years ​ Risk-free interest rate ​ 3.90 % Expected volatility ​ 52.15 % Expected dividends yield ​ — % Forfeiture rate ​ — %
Summary of the RSU activity	The following table summarizes the RSU activity for the nine months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ RSUs Fair Value Contractual Term Intrinsic Value Outstanding at September 30, 2022 ​ 890,000 ​ $ 5.00 3.04 ​ $ 2,127,100 Grants ​ 212,004 ​ 6.23 2.87 ​ ​ 506,690 Exercised ​ — ​ — — ​ — Expired ​ — ​ — — ​ — Forfeited ​ — ​ — — ​ — Outstanding at June 30, 2023 ​ 1,102,004 ​ $ 5.24 — ​ $ 2,633,790 Exercisable at June 30, 2023 ​ — ​ $ — — ​ $ —
Summary of information related to RSUs	The following table presents information related to RSUs as of June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs outstanding ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ Grant Date ​ Number of ​ Remaining ​ ​ Number of Fair Value RSUs Life in Years ​ RSUs Vested $ 5.00 ​ ​ 890,000 3.23 ​ ​ ​ — $ 6.23 ​ 130,464 3.51 ​ ​ ​ — $ 6.23 ​ 81,540 0.25 ​ ​ — ​ ​ ​ ​ 1,102,004 ​ ​ ​ ​ —
Schedule of warrants outstanding and related prices	The following table summarizes the changes in warrants outstanding and the related prices for the shares of our Common Stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Warrants outstanding ​ Warrants exercisable ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ remaining ​ Weighted ​ ​ ​ remaining ​ ​ ​ ​ ​ contractual ​ average ​ ​ ​ contractual ​ ​ ​ Number ​ life ​ exercise ​ Number ​ life Exercise prices outstanding (years) ​ price exercisable (years) $ 2.58 ​ 100,000 ​ 6.28 ​ ​ 2.58 ​ 100,000 ​ 6.28 ​ 2.57 ​ 666,666 ​ 3.44 ​ ​ 2.57 ​ 666,666 ​ 3.44 ​ 2.25 ​ 888,888 ​ 6.70 ​ ​ 2.25 ​ 888,888 ​ 6.70 ​ 8.25 ​ 107,952 ​ 1.42 ​ ​ 8.25 ​ 107,952 ​ 1.42 ​ 8.40 ​ 16,666 ​ 5.82 ​ ​ 8.40 ​ 16,666 ​ 5.82 ​ 8.25 ​ 2,191,149 ​ 1.25 ​ ​ 8.25 ​ 2,191,149 ​ 1.25 ​ 7.05 ​ 62,438 ​ 3.71 ​ ​ 7.05 ​ — ​ — ​ 5.25 ​ 383,141 ​ 1.82 ​ ​ 5.25 ​ 383,141 ​ 1.82 ​ 5.25 ​ 209,522 ​ 1.87 ​ ​ 5.25 ​ 209,522 ​ 1.87 ​ 9.00 ​ 66,666 ​ 1.88 ​ ​ 9.00 ​ — ​ — ​ 7.95 ​ 100,000 ​ 1.96 ​ ​ 7.95 ​ — ​ — ​ 5.25 ​ 296,329 ​ 2.08 ​ ​ 5.25 ​ 296,329 ​ 2.08 ​ 6.00 ​ 192,000 ​ 4.24 ​ ​ 6.00 ​ 192,000 ​ 4.24 ​ 6.00 ​ 18,616 ​ 4.25 ​ ​ 6.00 ​ 18,616 ​ 4.25 ​ 4.33 ​ 83,142 ​ 2.86 ​ ​ 4.33 ​ 83,142 ​ 2.86
Schedule of warrant activity	The following table summarizes the warrant activity for the nine months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ average ​ ​ ​ ​ exercise ​ ​ Number of ​ price per ​ ​ shares ​ share Outstanding at September 30, 2022 ​ 5,300,033 ​ $ 5.82 Issued ​ 83,142 ​ ​ 4.33 Exercised ​ — ​ ​ — Expired ​ — ​ ​ — Outstanding at June 30, 2023 5,383,175 ​ $ 5.80
Schedule of fair value of warrants issued	We calculated the fair value of warrants issued using the Black-Scholes option pricing model, with the following assumptions: ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Weighted average fair value of warrants granted ​ $ 4.33 ​ Expected life ​ 3.00 years Risk-free interest rate ​ 3.90 % Expected volatility ​ 50.61 % Expected dividends yield ​ — % Forfeiture rate ​ — %

BUSINESS (Details)

BUSINESS (Details)	Jun. 30, 2023 item
O & O Platform
Quarterly active units	34,898
Partner Platform
Number of initial partner's screens launched	37,000
Loop Media, Inc.
Quarterly active units	71,000

BUSINESS - Offerings (Details)

BUSINESS - Offerings (Details) - USD ($)		3 Months Ended	9 Months Ended
	May 12, 2023	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Aug. 08, 2023	May 31, 2023	May 10, 2023	Sep. 30, 2022
Common stock, issued		59,183,668	59,183,668					56,381,209
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001					$ 0.0001
Proceeds from issuance of common stock			$ 8,318,110	$ 1,250,000
2023 Secured Loan
Maximum borrowing capacity		$ 2,650,000	2,650,000				$ 4,000,000
Proceeds from loans			900,000
Excel $2.2M Line of Credit
Maximum borrowing capacity		$ 2,200,000	2,200,000			$ 2,200,000
Proceeds from loans			$ 2,200,000
Sales Agreement
Common stock, issued		2,779,997	2,779,997
Common stock, par value (in dollars per share)	$ 0.0001
Proceeds from issuance of common stock		$ 8,317,936	$ 8,317,936
Amount of placement agent's commission and related fees		$ 257,435	$ 257,435
Number of share sold, to filing date, under the agreement					95,000
Aggregate net proceeds, to filing date, under the agreement					$ 247,739
Aggregate issuance costs, to filing date, under the agreement					$ 7,711
Sales Agreement | Maximum
Proceeds from issuance of common stock	$ 50,000,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2023 USD ($) customer	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) segment customer	Jun. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Number of reportable segments | segment			1
Number of operating segments | segment			1
Cash equivalents	$ 0		$ 0		$ 0
FDIC insurance Limit	6,136,288		6,136,288		13,821,914
Allowance for doubtful accounts	474,218		474,218		646,013
Intangible assets, net	506,000		506,000		$ 590,333
Threshold amount for capitalization of Property and equipment	3,000		3,000
Advertising costs			8,459,684	$ 4,583,602
Revenue	5,734,976	$ 10,804,083	25,954,038	18,679,956
Aggregate Employee Retention Credit recorded into income	648,543		648,543
Advertising revenue
Revenue	5,079,922	10,047,278	23,687,817	14,984,156
Legacy and other revenue
Revenue	$ 655,054	$ 756,805	$ 2,266,221	$ 3,695,800
Sales Revenue | Customer Concentration Risk
Number of major customers | customer	2		2
Sales Revenue | Customer Concentration Risk | Customer One
Concentration risk, percentage			16%
Sales Revenue | Customer Concentration Risk | Customer Two
Concentration risk, percentage			14%
Sales Revenue | Revenue from Rights Concentration Risk | Direct and Programmatic Advertising including Sponsorships [Member]
Concentration risk, percentage	89%		91%
Sales Revenue | Revenue from Rights Concentration Risk | Legacy and other business revenue
Concentration risk, percentage	11%		9%
Accounts Receivable. | Customer Concentration Risk
Number of major customers | customer	1		1
Accounts Receivable. | Customer Concentration Risk | Three Customer
Concentration risk, percentage			15%
Minimum
Useful life	2 years		2 years
Minimum | Sales Revenue | Customer Concentration Risk
Concentration risk, percentage			10%
Maximum
Useful life	9 years		9 years
Maximum | Sales Revenue | Customer Concentration Risk
Number of major customers | customer	0		0
Concentration risk, percentage			10%
Maximum | Accounts Receivable. | Customer Concentration Risk
Number of major customers | customer	0		0
Concentration risk, percentage			10%
Loop players
Property and equipment, estimated useful lives	3 years		3 years
Equipment | Minimum
Property and equipment, estimated useful lives	3 years		3 years
Equipment | Maximum
Property and equipment, estimated useful lives	5 years		5 years
Software
Property and equipment, estimated useful lives	3 years		3 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value Measurement - Fair Value Measurements (Details)	Jun. 30, 2023 USD ($)
Financial Liabilities Fair Value Disclosure [Abstract]
Derivative liabilities	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value Measurement - Changes in Fair Value Measurements (Details)	9 Months Ended
	Jun. 30, 2022 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 1,058,633
Change in fair value	(164,708)
Ending Balance	$ 893,925

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net loss per share (Details) - shares	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Total common stock equivalents	15,040,739	14,364,616
Options to purchase common stock
Total common stock equivalents	8,555,560	8,174,583
Warrants to purchase common stock
Total common stock equivalents	5,383,175	5,300,033
Restricted Stock Units (RSUs)
Total common stock equivalents	1,102,004	890,000

CONTENT ASSETS (Details)

CONTENT ASSETS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
License content asset - current	$ 2,462,777		$ 2,462,777		$ 745,633
License content asset - non current	579,869		579,869		678,659
License content liability	935,664		935,664
License content liability - current	568,906		568,906		$ 1,092,819
License content liability in Accounts Payable	366,758		366,758
Payments for license content liabilities			4,206,768
Amortization expense	779,166	$ 275,823	2,091,876	$ 933,036
Remaining in Fiscal Year 2023	773,237		773,237
Fiscal Year 2024	2,083,017		2,083,017
Fiscal Year 2025	175,166		175,166
Amortization Expense Total	11,226		11,226
Payable in 2023	$ 280,320		$ 280,320
Minimum
Useful life	2 years		2 years
Maximum
Useful life	9 years		9 years
Licensed Content Assets
Amortization expense	$ 760,951	$ 275,823	$ 2,045,794	$ 933,036
Remaining in Fiscal Year 2023	755,022		755,022
Fiscal Year 2024	2,010,157		2,010,157
Fiscal Year 2025	115,726		115,726
Fiscal Year 2026	$ 2,664		$ 2,664
Licensed Content Assets | Minimum
Useful life	2 years		2 years
Licensed Content Assets | Maximum
Useful life	3 years		3 years
Internally Developed Content Assets
License content asset	$ 159,077		$ 159,077
Amortization expense	18,215		46,082
Remaining in Fiscal Year 2023	18,215		18,215
Fiscal Year 2024	72,860		72,860
Fiscal Year 2025	59,440		59,440
Fiscal Year 2026	$ 8,562		$ 8,562
Internally Developed Content Assets | Minimum
Useful life	2 years		2 years
Internally Developed Content Assets | Maximum
Useful life	3 years		3 years

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Total property and equipment, gross	$ 4,262,548	$ 2,366,801
Less: accumulated depreciation	(1,349,389)	(733,632)
Total property and equipment, net	2,913,159	1,633,169
Loop players
Total property and equipment, gross	2,251,061	1,259,402
Equipment
Total property and equipment, gross	1,195,521	703,341
Software
Total property and equipment, gross	$ 815,966	$ 404,058

PROPERTY AND EQUIPMENT - Deprec

PROPERTY AND EQUIPMENT - Depreciation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
PROPERTY AND EQUIPMENT
Depreciation expense	$ 249,256	$ 102,752	$ 615,764	$ 111,332

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	9 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Total intangible assets, gross	$ 1,210,000	$ 1,210,000
Less: accumulated amortization	(704,000)	(619,667)
Total	(704,000)	(619,667)
Total intangible assets, net	$ 506,000	590,333
Useful life	4 years 6 months
Customer relationships
Total intangible assets, gross	$ 1,012,000	1,012,000
Useful life	9 years
Content library
Total intangible assets, gross	$ 198,000	$ 198,000
Useful life	2 years

INTANGIBLE ASSETS - Amortizatio

INTANGIBLE ASSETS - Amortization expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Useful life			4 years 6 months
Amortization expense	$ 28,111	$ 28,111	$ 84,333	$ 84,333
Intangible Assets, Net (Excluding Goodwill)	506,000		506,000		$ 590,333
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	28,112		28,112
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two	112,444		112,444
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Three	112,444		112,444
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Four	112,444		112,444
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Five	112,444		112,444
Finite-Lived Intangible Assets, Amortization Expense, Rolling after Year Five	$ 28,112		$ 28,112

OPERATING LEASES - Short and lo

OPERATING LEASES - Short and long term leases (Details)	Sep. 30, 2022 USD ($)
Leases [Abstract]
Short term portion	$ 75,529
Total lease liability	$ 75,529

OPERATING LEASES - Lease expens

OPERATING LEASES - Lease expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases.
Operating lease expense	$ 17,495	$ 44,444	$ 79,434	$ 133,332
Short-term lease expense	34,828	2,400	69,659	6,600
Total lease expense	$ 52,323	$ 46,844	$ 149,093	$ 139,932

OPERATING LEASES (Details)

OPERATING LEASES (Details) - USD ($)	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Lease Detail Narrative [Abstract]
Cash payments against lease liabilities	$ 77,929	$ 138,066
Accretion on lease liability	$ 2,737	$ 14,613
Lease term	1 year
Options to renew lease	1 year
Option to terminate	30 days

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Accounts Payable And Accrued Expenses.
Accounts payable	$ 5,204,563	$ 7,453,801
Performance bonuses	1,262,000	2,970,000
Professional fees	439,711	348,150
Interest payable	431,698	505,169
Marketing	254,206	344,309
Insurance liabilities	31,399	602,970
Commissions	57,782	425,321
Other accrued liabilities	244,831	424,954
Accrued liabilities	2,721,627	5,620,873
Accrued royalties and revenue share	3,810,862	4,559,088
Total accounts payable and accrued expenses	$ 11,737,052	$ 17,633,762

DEBT - Lines of Credit (Details

DEBT - Lines of Credit (Details) - USD ($)			9 Months Ended	12 Months Ended
	May 31, 2023	May 10, 2023	Jun. 30, 2023	Sep. 30, 2022	Oct. 27, 2022	Jul. 29, 2022	May 13, 2022
Line of Credit Facility [Line Items]
Related party line of credit, net, Current			$ 5,493,289
Related party line of credit, net, Long Term				$ 2,575,753
Related party, Unpaid Principal Balance			6,222,986	4,022,986
Non-revolving line of credit			1,967,157
Line of credit, noncurrent			2,655,692	4,524,985
Line of credit, Unpaid Principal Balance			6,255,361
Warrants issued for severance			232,789
Non-revolving line of credit
Line of Credit Facility [Line Items]
Non-revolving line of credit			1,967,157
Line of credit, noncurrent			409,632	1,494,469
Line of credit, Unpaid Principal Balance				6,743,560
Non-revolving lines of credit December 12, 2022
Line of Credit Facility [Line Items]
Related party line of credit, net, Current			3,293,289
Related party, Unpaid Principal Balance			$ 4,022,986
Interest rate			12%
Maturity date			May 25, 2024
Warrants issued for severance			$ 383,141
Secured loan amount			4,022,986
Excel $2.2M Line of Credit
Line of Credit Facility [Line Items]
Related party line of credit, net, Current			2,200,000
Related party, Unpaid Principal Balance			$ 2,200,000
Interest rate	10.50%		10.50%
Maturity date			Aug. 31, 2023
Days until maturity	90 days
Maximum borrowing capacity	$ 2,200,000		$ 2,200,000
2023 Secured Loan
Line of Credit Facility [Line Items]
Interest rate			12%
Loan interest rate		12%
Maturity date			Oct. 05, 2025
Secured loan amount			$ 1,350,000
Maximum borrowing capacity		$ 4,000,000	2,650,000
Non-revolving lines of credit, April 25, 2022
Line of Credit Facility [Line Items]
Related party line of credit, net, Long Term				2,575,753
Related party, Unpaid Principal Balance				$ 4,022,986
Interest rate				12%
Maturity date				Oct. 25, 2023
Warrants issued for severance				$ 383,141
Secured loan amount				4,022,986
Non-revolving lines of credit, May 13, 2022
Line of Credit Facility [Line Items]
Non-revolving line of credit			1,967,157
Line of credit, noncurrent				1,494,469
Line of credit, Unpaid Principal Balance			$ 2,200,000	$ 2,200,000
Interest rate			12%	12%			12%
Maturity date			Nov. 13, 2023	Nov. 13, 2023
Warrants issued for severance			$ 314,286	$ 314,286
Secured loan amount			2,200,000	2,200,000			$ 2,200,000
Non-revolving lines of credit, May 10, 2022
Line of Credit Facility [Line Items]
Related party line of credit, net, Long Term			409,632
Related party, Unpaid Principal Balance			$ 900,000
Maturity date			May 10, 2025
Warrants issued for severance			$ 83,142
Revolving line of credit
Line of Credit Facility [Line Items]
Line of credit, noncurrent			2,246,060	3,030,516
Revolving line of credit, July 29, 2022
Line of Credit Facility [Line Items]
Line of credit, noncurrent			2,246,060	3,030,516
Line of credit, Unpaid Principal Balance			$ 3,155,361	$ 4,543,560
Loan interest rate			4%	4%
Maturity date			Jul. 29, 2024	Jul. 29, 2024
Maximum borrowing capacity			$ 6,000,000	$ 6,000,000	$ 6,000,000	$ 4,000,000

DEBT - Line of Credit - Narrati

DEBT - Line of Credit - Narrative (Details) - USD ($)									3 Months Ended		9 Months Ended		12 Months Ended
	May 31, 2023	May 10, 2023	May 09, 2023	Dec. 14, 2022	Sep. 07, 2022	Jul. 29, 2022	May 13, 2022	Apr. 25, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022	Oct. 27, 2022	Apr. 13, 2022	Feb. 23, 2022
Line of Credit Facility [Line Items]
Related party, Unpaid Principal Balance									$ 6,222,986		$ 6,222,986		$ 4,022,986
Line of credit, Unpaid Principal Balance									$ 6,255,361		$ 6,255,361
Exercise price (in dollars per share)									$ 5.80		$ 5.80		$ 5.82
Allocated fair value of warrants as additional debt discount									$ 5,383,175		$ 5,383,175		$ 5,300,033
Long-term Debt									10,116,161		10,116,161
Interest expense									962,278	$ 1,066,935	2,879,502	$ 2,035,102
Maximum
Line of Credit Facility [Line Items]
Loan interest rate					4%
Minimum
Line of Credit Facility [Line Items]
Loan interest rate					0%
Non-revolving line of credit
Line of Credit Facility [Line Items]
Line of credit, Unpaid Principal Balance													6,743,560
Excel Non-Revolving Loan
Line of Credit Facility [Line Items]
Secured loan amount													4,022,986
Related party, Unpaid Principal Balance													$ 4,022,986
Interest rate													12%
RAT Non-Revolving Loan
Line of Credit Facility [Line Items]
Secured loan amount							$ 2,200,000		2,200,000		2,200,000		$ 2,200,000
Line of credit, Unpaid Principal Balance									$ 2,200,000		$ 2,200,000		$ 2,200,000
Loan term							18 months
Interest rate							12%		12%		12%		12%
Number of aggregate warrants							209,522
Exercise price (in dollars per share)							$ 5.25
Allocated fair value of warrants as additional debt discount							$ 2,975,261
Long-term Debt									$ 2,234,356		$ 2,234,356		$ 2,301,260
Interest expense											670,146	118,970
2023 Secured Loan
Line of Credit Facility [Line Items]
Secured loan amount									$ 1,350,000		$ 1,350,000
Loan term		24 months
Interest rate									12%		12%
Proceeds from loans											$ 900,000
Maximum borrowing capacity		$ 4,000,000							$ 2,650,000		$ 2,650,000
Loan interest rate		12%
Number of aggregate warrants		369,517							83,142		83,142
Exercise price (in dollars per share)		$ 4.33
Excel $2.2M Line of Credit
Line of Credit Facility [Line Items]
Related party, Unpaid Principal Balance									$ 2,200,000		$ 2,200,000
Interest rate	10.50%								10.50%		10.50%
Proceeds from loans											$ 2,200,000
Maximum borrowing capacity	$ 2,200,000								$ 2,200,000		2,200,000
Revolving line of credit, July 29, 2022
Line of Credit Facility [Line Items]
Line of credit, Unpaid Principal Balance									3,155,361		3,155,361		4,543,560
Maximum borrowing capacity						$ 4,000,000			6,000,000		$ 6,000,000		$ 6,000,000	$ 6,000,000
Line of credit, Accordion feature						$ 10,000,000
Loan interest rate											4%		4%
Number of aggregate warrants						296,329
Exercise price (in dollars per share)						$ 5.25
Allocated fair value of warrants as additional debt discount						$ 1,347,719
Cash payments						$ 22,000
Percentage of outstanding principal amount						1%
Long-term Debt									3,196,581		$ 3,196,581		$ 4,587,255
Interest expense											1,068,425	0
Excel Family Partners, LLLP | Excel Non-Revolving Loan
Line of Credit Facility [Line Items]
Secured loan amount								$ 4,022,986							$ 2,000,000	$ 1,500,000
Loan term		25 months	24 months	24 months				18 months
Interest rate								12%
Proceeds from loans								$ 2,000,000
Number of aggregate warrants								383,141
Exercise price (in dollars per share)								$ 5.25
Long-term Debt									4,352,871		4,352,871		4,226,181
Interest expense									325,226	331,548	1,080,945	331,548
Excel Family Partners, LLLP | 2023 Secured Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity									2,650,000		2,650,000
Long-term Debt									915,000		915,000		0
Interest expense											40,736	0
Excel Family Partners, LLLP | Excel $2.2M Line of Credit
Line of Credit Facility [Line Items]
Loan term	90 days
Interest rate	10.50%
Maximum borrowing capacity	$ 2,200,000								2,200,000		2,200,000
Long-term Debt									2,219,250		2,219,250		$ 0
Interest expense									$ 19,250	$ 0	$ 19,250	$ 0
Eagle Investment Group, LLC. | Revolving line of credit, July 29, 2022
Line of Credit Facility [Line Items]
Number of Warrants for Each Investor						1
Number of aggregate warrants						191,570
Subordinated Lenders [Member] | Revolving line of credit, July 29, 2022
Line of Credit Facility [Line Items]
Number of aggregate warrants						104,759

DEBT - Interest Expenses of Lin

DEBT - Interest Expenses of Lines of Credit (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt Instruments [Abstract]
Interest expense	$ 364,604	$ 247,622	$ 1,037,499	$ 502,310
Amortization of debt discounts	597,674	819,313	1,842,003	1,532,792
Total	$ 962,278	$ 1,066,935	$ 2,879,502	$ 2,035,102

DEBT - Maturities (Details)

DEBT - Maturities (Details)	Jun. 30, 2023 USD ($)
Line of Credit Facility [Abstract]
2023	$ 2,200,000
2024	9,378,347
2025	900,000
Lines of credit, related and non-related party	12,478,347
Less: Debt discount on lines of credit payable	(2,362,186)
Total Lines of credit payable, related and non-related party, net	$ 10,116,161

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	9 Months Ended
	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Loss contingencies	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)							3 Months Ended		9 Months Ended
	May 31, 2023	May 10, 2023	May 09, 2023	Dec. 14, 2022	Jul. 29, 2022	Apr. 25, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Oct. 27, 2022	Sep. 30, 2022	Apr. 13, 2022	Feb. 23, 2022
Warrant term							3 years		3 years
Exercise price (in dollars per share)							$ 5.80		$ 5.80			$ 5.82
Aggregate remaining balances, including accrued interest							$ 10,116,161		$ 10,116,161
Interest expense							962,278	$ 1,066,935	2,879,502	$ 2,035,102
Non-revolving lines of credit, April 25, 2022
Secured loan amount												$ 4,022,986
Interest rate												12%
2023 Secured Loan
Maximum borrowing capacity		$ 4,000,000					2,650,000		2,650,000
Secured loan amount							$ 1,350,000		$ 1,350,000
Interest rate							12%		12%
Loan term		24 months
Proceeds from loans									$ 900,000
Number of aggregate warrants		369,517					83,142		83,142
Exercise price (in dollars per share)		$ 4.33
Excel $2.2M Line of Credit
Maximum borrowing capacity	$ 2,200,000						$ 2,200,000		$ 2,200,000
Interest rate	10.50%						10.50%		10.50%
Proceeds from loans									$ 2,200,000
Revolving Lines of Credit, July 29, 2022
Maximum borrowing capacity					$ 4,000,000		$ 6,000,000		6,000,000		$ 6,000,000	$ 6,000,000
Number of aggregate warrants					296,329
Exercise price (in dollars per share)					$ 5.25
Aggregate remaining balances, including accrued interest							3,196,581		3,196,581			4,587,255
Interest expense									1,068,425	0
Eagle Investment Group, LLC | Revolving Lines of Credit, July 29, 2022
Number of aggregate warrants					191,570
Number of warrants for each investor					1
Excel Family Partners, LLLP | Non-revolving lines of credit, April 25, 2022
Secured loan amount						$ 4,022,986							$ 2,000,000	$ 1,500,000
Interest rate						12%
Loan term		25 months	24 months	24 months		18 months
Proceeds from loans						$ 2,000,000
Number of aggregate warrants						383,141
Exercise price (in dollars per share)						$ 5.25
Aggregate remaining balances, including accrued interest							4,352,871		4,352,871			4,226,181
Interest expense							325,226	331,548	1,080,945	331,548
Excel Family Partners, LLLP | 2023 Secured Loan
Maximum borrowing capacity							2,650,000		2,650,000
Aggregate remaining balances, including accrued interest							915,000		915,000			0
Interest expense									40,736	0
Excel Family Partners, LLLP | Excel $2.2M Line of Credit
Maximum borrowing capacity	$ 2,200,000						2,200,000		2,200,000
Interest rate	10.50%
Loan term	90 days
Aggregate remaining balances, including accrued interest							2,219,250		2,219,250			$ 0
Interest expense							$ 19,250	$ 0	19,250	0
Five Hundred Limited
Amount paid for programming services									$ 307,000	$ 310,269

STOCKHOLDERS EQUITY DEFICIT (De

STOCKHOLDERS EQUITY DEFICIT (Details)		3 Months Ended			9 Months Ended		12 Months Ended
	May 12, 2023 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) shares	Mar. 31, 2022 USD ($) shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) shares	Sep. 30, 2022 $ / shares shares
Reverse stock split							3
Common stock, shares authorized		105,555,556			105,555,556		105,555,556
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001			$ 0.0001		$ 0.0001
Proceeds from issuance of common stock | $					$ 8,318,110	$ 1,250,000
Common stock, shares issues		59,183,668			59,183,668		56,381,209
Common stock, shares outstanding		59,183,668			59,183,668		56,381,209
Shares issued, value | $		$ 8,225,060
Shares issued upon exercise of options (in shares)					22,462
Payment in kind interest stock issuance | $			$ 88,498	$ 88,500		$ 177,000
Payment in kind interest stock issuance (in shares)						23,152
Sales Agreement
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001
Proceeds from issuance of common stock | $		8,317,936			$ 8,317,936
Amount of placement agent's commission and related fees | $		$ 257,435			$ 257,435
Common stock, shares issues		2,779,997			2,779,997
Number of shares issued					2,779,997
Sales Agreement | Maximum
Proceeds from issuance of common stock | $	$ 50,000,000
Common Stock
Common stock, shares authorized		105,555,556			105,555,556
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001			$ 0.0001
Common stock, shares issues		59,183,668	51,179,865		59,183,668	51,179,865
Common stock, shares outstanding		56,381,209	51,179,865		56,381,209	51,179,865
Number of shares issued		2,779,997
Shares issued, value | $		$ 278
Shares issued upon exercise of options (in shares)		22,462
Payment in kind interest stock issuance | $			$ 1	$ 1
Payment in kind interest stock issuance (in shares)			10,773	12,378
Conversion of series convertible preferred to common stock (in shares)				6,666,666
Preferred Stock
Preferred stock, shares authorized		3,333,334			3,333,334
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.0001			$ 0.0001
Board member
Payment in kind interest stock issuance | $						$ 141,000
Payment in kind interest stock issuance (in shares)						18,443
Board member | Common Stock
Conversion of series convertible preferred to common stock (in shares)						6,666,666
Board member | Preferred Stock
Conversion of series convertible preferred to common stock (in shares)						200,000

STOCK OPTIONS, RESTRICTED STO_3

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS - Stock option activity (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at the beginning	8,174,563
Grants	502,431
Exercised	22,462
Forfeited	(98,972)
Outstanding at the end	8,555,560	8,174,563
Exercisable	6,772,308
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at the beginning	$ 3.78
Grants	4.35
Exercised	1.71
Forfeited	5.81
Outstanding at the end	3.90	$ 3.78
Exercisable	$ 3.53
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted average remaining contractual term, outstanding	7 years 4 months 28 days	7 years 5 months 1 day
Weighted average remaining contractual term, grants	10 years
Exercisable	7 years 29 days
Outstanding at the beginning	$ 9,188,491
Outstanding at the end	656,612	$ 9,188,491
Exercisable at the end	$ 671,885

STOCK OPTIONS, RESTRICTED STO_4

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS - Stock options (Details) - $ / shares	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Exercise price	$ 3.90	$ 3.78
Number of options	8,555,560	8,174,563
Weighted average remaining life in years remaining life in years	7 years 4 months 28 days	7 years 5 months 1 day
Options exercisable number of options	6,772,308
Stock Options Exercise price 2.58
Exercise price	$ 2.58
Number of options	382,790
Weighted average remaining life in years remaining life in years	3 years 3 months 10 days
Options exercisable number of options	382,790
Stock Options Exercise price 1.98
Exercise price	$ 1.98
Number of options	1,472,892
Weighted average remaining life in years remaining life in years	5 years 4 months 2 days
Options exercisable number of options	1,472,891
Stock Options Exercise price 2.67
Exercise price	$ 2.67
Number of options	833,333
Weighted average remaining life in years remaining life in years	6 years 11 months 15 days
Options exercisable number of options	833,333
Stock Options Exercise price 3.30
Exercise price	$ 3.30
Number of options	2,586,725
Weighted average remaining life in years remaining life in years	7 years 4 months 13 days
Options exercisable number of options	2,140,227
Stock Options Exercise price 1.71
Exercise price	$ 1.71
Number of options	77,538
Weighted average remaining life in years remaining life in years	7 years 8 months 1 day
Options exercisable number of options	99,999
Stock Options Exercise price 8.52
Exercise price	$ 8.52
Number of options	83,333
Weighted average remaining life in years remaining life in years	7 years 9 months 29 days
Options exercisable number of options	83,333
Stock Options Exercise price 8.25
Exercise price	$ 8.25
Number of options	200,000
Weighted average remaining life in years remaining life in years	7 years 10 months 6 days
Options exercisable number of options	138,888
Stock Options Exercise Price 7.05
Exercise price	$ 7.05
Number of options	16,667
Weighted average remaining life in years remaining life in years	8 years 21 days
Options exercisable number of options	10,647
Stock Options Exercise price 7.20
Exercise price	$ 7.20
Number of options	16,667
Weighted average remaining life in years remaining life in years	8 years 29 days
Options exercisable number of options	10,647
Stock Options Exercise price 7.50
Exercise price	$ 7.50
Number of options	16,667
Weighted average remaining life in years remaining life in years	8 years 1 month 2 days
Options exercisable number of options	16,666
Stock Options Exercise price 6.90
Exercise price	$ 6.90
Number of options	278,727
Weighted average remaining life in years remaining life in years	8 years 3 months 7 days
Options exercisable number of options	200,607
Stock Options Exercise price 7.05
Exercise price	$ 7.05
Number of options	25,000
Weighted average remaining life in years remaining life in years	8 years 3 months 29 days
Options exercisable number of options	10,417
Stock Options exercise price 8.25
Exercise price	$ 8.25
Number of options	108,591
Weighted average remaining life in years remaining life in years	8 years 9 months 25 days
Stock Options Exercise price 7.74
Exercise price	$ 7.74
Number of options	45,000
Weighted average remaining life in years remaining life in years	8 years 10 months 17 days
Stock Options exercise price 7.05
Exercise price	$ 7.05
Number of options	8,333
Weighted average remaining life in years remaining life in years	9 years 14 days
Stock Options Exercise price 7.86
Exercise price	$ 7.86
Number of options	6,667
Weighted average remaining life in years remaining life in years	9 years 2 months 4 days
Stock Options Exercise price 4.95
Exercise price	$ 4.95
Number of options	1,922,990
Weighted average remaining life in years remaining life in years	9 years 2 months 26 days
Options exercisable number of options	1,232,935
Stock Options Exercise price 6.23
Exercise price	$ 6.23
Number of options	433,640
Weighted average remaining life in years remaining life in years	9 years 6 months 7 days
Options exercisable number of options	138,928
Stock Options Exercise price 5.24
Exercise price	$ 5.24
Number of options	40,000
Weighted average remaining life in years remaining life in years	9 years 9 months 29 days

STOCK OPTIONS, RESTRICTED STO_5

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS - Fair value of options (Details)	9 Months Ended
	Jun. 30, 2023 $ / shares
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Weighted average fair value of options granted	$ 6.15
Expected life	5 years 8 months 19 days
Risk-free interest rate	3.90%
Expected volatility	52.15%

STOCK OPTIONS, RESTRICTED STO_6

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS - Restricted Stock Units (Details) - USD ($)			9 Months Ended	12 Months Ended
	Jan. 03, 2023	Sep. 22, 2022	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022
Weighted Average Remaining Contractual Term
Grants			10 years
Weighted average remaining contractual term, outstanding			7 years 4 months 28 days	7 years 5 months 1 day
Restricted Stock Units
Restricted Stock Units
Outstanding beginning of period			890,000
Grants	212,004	890,000	212,004
Outstanding end of period			1,102,004	890,000
Weighted Average Fair Value
Outstanding beginning of period			$ 5
Grants			6.23
Outstanding end of period			$ 5.24	$ 5
Weighted Average Remaining Contractual Term
Grants			2 years 10 months 13 days
Weighted average remaining contractual term, outstanding				3 years 14 days
Aggregate Intrinsic Value
Outstanding beginning of period			$ 2,127,100
Grants			506,690
Outstanding end of period			$ 2,633,790	$ 2,127,100
Total pretax intrinsic value			$ 2.39		$ 8.13
Restricted Stock Units | Grant Date Fair Value 5.00
Restricted Stock Units
Outstanding end of period			890,000
Weighted Average Fair Value
Outstanding end of period			$ 5
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term, outstanding			3 years 2 months 23 days
Restricted Stock Units | Grant Date Fair Value 6.23.
Restricted Stock Units
Outstanding end of period			130,464
Weighted Average Fair Value
Outstanding end of period			$ 6.23
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term, outstanding			3 years 6 months 3 days
Restricted Stock Units | Grant Date Fair Value 6.23
Restricted Stock Units
Outstanding end of period			81,540
Weighted Average Fair Value
Outstanding end of period			$ 6.23
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term, outstanding			3 months

STOCK OPTIONS, RESTRICTED STO_7

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS - Changes in warrants outstanding (Details) - USD ($)	9 Months Ended
	Jun. 30, 2023	Sep. 30, 2022
Exercise price (in dollars per share)	$ 5.80	$ 5.82
Number outstanding	$ 5,383,175	$ 5,300,033
Weighted average remaining contractual life (years)	3 years
Warrant Exercise price 2.58
Exercise price (in dollars per share)	$ 2.58
Number outstanding	$ 100,000
Weighted average remaining contractual life (years)	6 years 3 months 10 days
Weighted average exercise price	$ 2.58
Number exercisable	100,000
Weighted average remaining contractual life (years)	6 years 3 months 10 days
Warrant Exercise price 2.57
Exercise price (in dollars per share)	$ 2.57
Number outstanding	$ 666,666
Weighted average remaining contractual life (years)	3 years 5 months 8 days
Weighted average exercise price	$ 2.57
Number exercisable	666,666
Weighted average remaining contractual life (years)	3 years 5 months 8 days
Warrant Exercise price 2.25
Exercise price (in dollars per share)	$ 2.25
Number outstanding	$ 888,888
Weighted average remaining contractual life (years)	6 years 8 months 12 days
Weighted average exercise price	$ 2.25
Number exercisable	888,888
Weighted average remaining contractual life (years)	6 years 8 months 12 days
Warrant exercise price 8.25
Exercise price (in dollars per share)	$ 8.25
Number outstanding	$ 107,952
Weighted average remaining contractual life (years)	1 year 5 months 1 day
Weighted average exercise price	$ 8.25
Number exercisable	107,952
Weighted average remaining contractual life (years)	1 year 5 months 1 day
Warrant Exercise price 8.40
Exercise price (in dollars per share)	$ 8.40
Number outstanding	$ 16,666
Weighted average remaining contractual life (years)	5 years 9 months 25 days
Weighted average exercise price	$ 8.40
Number exercisable	16,666
Weighted average remaining contractual life (years)	5 years 9 months 25 days
Warrant Exercise price 8.25
Exercise price (in dollars per share)	$ 8.25
Number outstanding	$ 2,191,149
Weighted average remaining contractual life (years)	1 year 3 months
Weighted average exercise price	$ 8.25
Number exercisable	2,191,149
Weighted average remaining contractual life (years)	1 year 3 months
Warrant Exercise price 7.05
Exercise price (in dollars per share)	$ 7.05
Number outstanding	$ 62,438
Weighted average remaining contractual life (years)	3 years 8 months 15 days
Weighted average exercise price	$ 7.05
Warrant exercise price 5.25
Exercise price (in dollars per share)	$ 5.25
Number outstanding	$ 383,141
Weighted average remaining contractual life (years)	1 year 9 months 25 days
Weighted average exercise price	$ 5.25
Number exercisable	383,141
Weighted average remaining contractual life (years)	1 year 9 months 25 days
Warrant Exercise price 5.25
Exercise price (in dollars per share)	$ 5.25
Number outstanding	$ 209,522
Weighted average remaining contractual life (years)	1 year 10 months 13 days
Weighted average exercise price	$ 5.25
Number exercisable	209,522
Weighted average remaining contractual life (years)	1 year 10 months 13 days
Warrant Exercise price 9.00
Exercise price (in dollars per share)	$ 9
Number outstanding	$ 66,666
Weighted average remaining contractual life (years)	1 year 10 months 17 days
Weighted average exercise price	$ 9
Warrant Exercise price 7.95
Exercise price (in dollars per share)	$ 7.95
Number outstanding	$ 100,000
Weighted average remaining contractual life (years)	1 year 11 months 15 days
Weighted average exercise price	$ 7.95
Warrant Exercise Price 5.25
Exercise price (in dollars per share)	$ 5.25
Number outstanding	$ 296,329
Weighted average remaining contractual life (years)	2 years 29 days
Weighted average exercise price	$ 5.25
Number exercisable	296,329
Weighted average remaining contractual life (years)	2 years 29 days
Warrant Exercise price 6.00
Exercise price (in dollars per share)	$ 6
Number outstanding	$ 192,000
Weighted average remaining contractual life (years)	4 years 2 months 26 days
Weighted average exercise price	$ 6
Number exercisable	192,000
Weighted average remaining contractual life (years)	4 years 2 months 26 days
Warrant Exercise price 6.00.
Exercise price (in dollars per share)	$ 6
Number outstanding	$ 18,616
Weighted average remaining contractual life (years)	4 years 3 months
Weighted average exercise price	$ 6
Number exercisable	18,616
Weighted average remaining contractual life (years)	4 years 3 months
Warrant Exercise price 4.33
Exercise price (in dollars per share)	$ 4.33
Number outstanding	$ 83,142
Weighted average remaining contractual life (years)	2 years 10 months 9 days
Weighted average exercise price	$ 4.33
Number exercisable	83,142
Weighted average remaining contractual life (years)	2 years 10 months 9 days

STOCK OPTIONS, RESTRICTED STO_8

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS - Warrant activity (Details)	9 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Number of shares
Outstanding at beginning | $	$ 5,300,033
Issued | shares	83,142
Outstanding at ending | $	$ 5,383,175
Weighted average exercise price per share
Outstanding at beginning	$ 5.82
Issued	4.33
Outstanding at ending	$ 5.80

STOCK OPTIONS, RESTRICTED STO_9

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS - Fair value of warrants (Details)	Jun. 30, 2023 $ / shares
Weighted average fair value of warrants granted	$ 4.33
Warrant term	3 years
Risk-free interest rate
Warrants outstanding, measurement input	3.90
Expected volatility
Warrants outstanding, measurement input	50.61

STOCK OPTIONS, RESTRICTED ST_10

STOCK OPTIONS, RESTRICTED STOCK UNITS (RSUs) AND WARRANTS (Details) - USD ($)			3 Months Ended						9 Months Ended
	Jan. 03, 2023	Sep. 22, 2022	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022
Value of shares issued			$ 2,547,799	$ 2,475,807	$ 1,790,807	$ 1,282,548	$ 1,116,318	$ 1,549,406
Amount of total compensation cost related to nonvested awards not yet recognized			$ 4,479,793						$ 4,479,793
Weighted average period over which expense is expected to be recognized									37 months 27 days
Stock-based compensation expense									$ 5,319,045	$ 3,948,272
Number of warrants issued									83,142
Warrants issued for severance									$ 232,789
Options
Grants									502,431
Stock price (in dollars per share)			$ 2.39			$ 8.13			$ 2.39	$ 8.13
Amount of total compensation cost related to nonvested awards not yet recognized			$ 5,304,806						$ 5,304,806
Weighted average period over which expense is expected to be recognized									0 years
Restricted Stock Units
Vesting period	3 years
Grants	212,004	890,000							212,004
Stock price (in dollars per share)	$ 6.23	$ 5
Stock-based compensation expense									$ 1,263,635	$ 0
Restricted Stock Units | Tranche One
Vesting rights, percentage	25%	25%
Initial vestment of shares	1 year	1 year
Grants	130,464
Restricted Stock Units | Tranche Two
Vesting rights, percentage	100%
Vesting period		3 years
Grants	81,540
Restricted Stock Units | Options
Value of shares issued									$ 2,009,567

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax (expense)/benefit	$ (394)	$ 0	$ (1,624)	$ (1,051)
U.S. federal statutory rate	21%	21%	21%	21%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Aug. 08, 2023	May 12, 2023	Sep. 30, 2022
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001				$ 0.0001
Proceeds from issuance of common stock			$ 8,318,110	$ 1,250,000
Net cash proceeds		$ 8,225,060
Issuance costs			538,381
Stock-based compensation			5,319,045	3,948,272
Restricted Stock Units
Stock-based compensation			1,263,635	$ 0
Sales Agreement
Common stock, par value (in dollars per share)						$ 0.0001
Number of share sold, to filing date, under the agreement					95,000
Aggregate net proceeds, to filing date, under the agreement					$ 247,739
Aggregate issuance costs, to filing date, under the agreement					$ 7,711
Proceeds from issuance of common stock		$ 8,317,936	$ 8,317,936
Number of shares issued during period			2,779,997
Subsequent event
Stock-based compensation	$ 1,500,000