Mastermind (MMND) 10-Q14 Aug 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 14, 2023
Cover [Abstract]
Entity Registrant Name	MASTERMIND, INC.
Entity Central Index Key	0001088638
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		34,505,520
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-26533
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	82-3807447
Entity Address Address Line 1	2221 Peachtree Rd. NE
Entity Address Address Line 2	Suite D-134
Entity Address City Or Town	Atlanta
Entity Address State Or Province	GA
Entity Address Postal Zip Code	30309
City Area Code	678
Local Phone Number	420-4000
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Current assets:
Cash and cash equivalents	$ 1,189,583	$ 1,735,140
Accounts receivable	864,311	349,233
Unbilled receivables	1,420,071	1,137,078
Prepaid expenses and other current assets	43,374	27,451
Income tax receivable	77,477	77,477
Total Current Assets	3,594,816	3,326,379
Right-of-use asset, net	0	153,816
Property and equipment, net	38,491	52,004
TOTAL ASSETS	3,633,307	3,532,199
Current liabilities:
Accounts payable and accrued expenses	110,379	109,263
Unearned revenues	271,271	328,081
Lease obligation, current	0	114,389
Total Current Liabilities	381,650	551,733
Lease obligation, net of current portion	0	39,427
Deferred tax liabilities	297,619	246,705
Total Liabilities	679,269	837,865
Stockholders' Equity
Preferred stock: 1,000,000 shares authorized; $0.001 par value; no shares issued and outstanding	0	0
Common stock: 125,000,000 shares authorized; $0.001 par value; 34,505,520 shares issued and outstanding	34,506	34,506
Additional paid in capital	62,865	62,865
Retained earnings	2,856,667	2,596,963
Total Stockholders' Equity	2,954,038	2,694,334
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 3,633,307	$ 3,532,199

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Sep. 30, 2022
Consolidated Balance Sheets
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock issued	0	0
Preferred stock outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	125,000,000	125,000,000
Common stock, shares issued (in shares)	34,505,520	34,505,520
Common stock, shares outstanding (in shares)	34,505,520	34,505,520

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
Consolidated Statements of Operations (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Consolidated Balance Sheets
Revenues	$ 1,319,337	$ 1,456,013	$ 3,498,142	$ 3,391,045
Cost of revenues	533,278	392,618	1,379,011	1,117,313
Gross profit	786,059	1,063,395	2,119,131	2,273,732
Operating Expenses:
Management consulting	210,725	220,725	632,075	514,675
Wages and benefits	204,585	150,927	581,438	523,473
General and administrative	164,643	243,947	497,044	669,442
Total Operating Expenses	579,953	615,599	1,710,557	1,707,590
Income from operations	206,106	447,796	408,574	566,142
Other Income (Expense)
Interest income	6,559	930	11,837	2,239
Loss on disposal of property and equipment	0	0	(8,938)	0
Total other income	6,559	930	2,899	2,239
Income before provision for income taxes	212,665	448,726	411,473	568,381
Provision for income taxes	57,421	114,839	151,769	118,814
Net income	$ 155,244	$ 333,887	$ 259,704	$ 449,567
Basic and diluted income per common share
Basic and diluted	$ 0	$ 0.01	$ 0.01	$ 0.01
Weighted average number of common shares outstanding
Basic and diluted	34,505,520	34,505,520	34,505,520	34,505,520

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Total	Common Stock To Be Issued	Common Stock	Additional Paid-In Capital	Retained Earnings
Balance, shares at Sep. 30, 2021		135,000	34,505,520
Balance, amount at Sep. 30, 2021	$ 2,019,115	$ 135	$ 34,506	$ 76,230	$ 1,908,244
Common stock to be issued for services, shares		45,000
Common stock to be issued for services, amount	4,500	$ 45	0	4,455	0
Net income	46,435	$ 0	$ 0	0	46,435
Balance, shares at Dec. 31, 2021		180,000	34,505,520
Balance, amount at Dec. 31, 2021	2,070,050	$ 180	$ 34,506	80,685	1,954,679
Balance, shares at Sep. 30, 2021		135,000	34,505,520
Balance, amount at Sep. 30, 2021	2,019,115	$ 135	$ 34,506	76,230	1,908,244
Net income	449,567
Balance, shares at Jun. 30, 2022			34,505,520
Balance, amount at Jun. 30, 2022	2,455,182	$ 0	$ 34,506	62,865	2,357,811
Balance, shares at Dec. 31, 2021		180,000	34,505,520
Balance, amount at Dec. 31, 2021	2,070,050	$ 180	$ 34,506	80,685	1,954,679
Common stock to be issued for services, shares		45,000
Common stock to be issued for services, amount	4,500	$ 45	0	4,455	0
Net income	69,245	$ 0	$ 0	0	69,245
Balance, shares at Mar. 31, 2022		225,000	34,505,520
Balance, amount at Mar. 31, 2022	2,143,795	$ 225	$ 34,506	85,140	2,023,924
Net income	333,887	$ 0	0	0	333,887
Reversal of common stock to be issued for services, shares		225,000
Reversal of common stock to be issued for services, amount	22,500	$ 225	$ 0	22,275	0
Balance, shares at Jun. 30, 2022			34,505,520
Balance, amount at Jun. 30, 2022	2,455,182	0	$ 34,506	62,865	2,357,811
Balance, shares at Sep. 30, 2022			34,505,520
Balance, amount at Sep. 30, 2022	2,694,334	0	$ 34,506	62,865	2,596,963
Net income	(13,658)	0	$ 0	0	(13,658)
Balance, shares at Dec. 31, 2022			34,505,520
Balance, amount at Dec. 31, 2022	2,680,676	0	$ 34,506	62,865	2,583,305
Balance, shares at Sep. 30, 2022			34,505,520
Balance, amount at Sep. 30, 2022	2,694,334	0	$ 34,506	62,865	2,596,963
Net income	259,704
Balance, shares at Jun. 30, 2023			34,505,520
Balance, amount at Jun. 30, 2023	2,954,038	0	$ 34,506	62,865	2,856,667
Balance, shares at Dec. 31, 2022			34,505,520
Balance, amount at Dec. 31, 2022	2,680,676	0	$ 34,506	62,865	2,583,305
Net income	118,118	0	$ 0	0	118,118
Balance, shares at Mar. 31, 2023			34,505,520
Balance, amount at Mar. 31, 2023	2,798,794	0	$ 34,506	62,865	2,701,423
Net income	155,244	0	$ 0	0	155,244
Balance, shares at Jun. 30, 2023			34,505,520
Balance, amount at Jun. 30, 2023	$ 2,954,038	$ 0	$ 34,506	$ 62,865	$ 2,856,667

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Consolidated Statements of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income	$ 259,704	$ 449,567
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Reversal of) Stock based compensation	0	(13,500)
Depreciation	13,623	16,643
Loss on disposal of property and equipment	8,938	0
Deferred tax	50,914	146,074
Changes in operating assets and liabilities:
Accounts receivable	(515,078)	797,145
Unbilled receivables	(282,993)	(456,447)
Prepaid expenses and other current assets	(15,923)	(34,387)
Accounts payable and accrued expenses	1,116	(97,193)
Accounts payable and accrued expenses, related party	0	20,000
Unearned revenues	(56,810)	78,934
Net cash provided by (used in) operating activities	(536,509)	906,836
Cash flows from investing activities:
Proceeds from sale of equipment	1,200	0
Purchase of property and equipment	(10,248)	(8,520)
Net cash used in investing activities	(9,048)	(8,520)
Net change in cash	(545,557)	898,316
Cash, beginning of period	1,735,140	1,075,188
Cash, end of period	1,189,583	1,973,504
Supplemental Cash Flow Information
Income taxes paid (refunded)	102,272	(18,228)
Interest paid	$ 0	$ 0

Business

Business	9 Months Ended
Business	Jun. 30, 2023
Business
Business	1. Business Mastermind, Inc. (the “Company”, “we”, “us”, or the “organization”) is an involvement marketing service agency that designs, creates and develops branding and marketing campaigns, primarily for large corporate clients with well-known brands. We specialize in customer conversion initiatives that we believe facilitate the involvement of more of the “right customers” with the brands of our clients. We focus on converting prospects to customers. Our programs can take on various forms, including creating and managing content marketing, influencer marketing, social marketing/community management, digital issues management communications, promotions, Augmented Reality Marketing, and UX Analytics & Digital Intelligence.

Interim Financial Statements an

Interim Financial Statements and Basis of Presentation	9 Months Ended
Interim Financial Statements and Basis of Presentation	Jun. 30, 2023
Interim Financial Statements and Basis of Presentation
Interim Financial Statements and Basis of Presentation	2. Interim Financial Statements and Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information pursuant to Rule 8-03 of Regulation S-X. Accordingly, these unaudited consolidated financial statements do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting only of normal recurring adjustments), which we consider necessary, for a fair presentation of those financial statements. The results of operations for the three and nine months ended June 30, 2023 and cash flows for the nine months ended June 30, 2023, may not necessarily be indicative of results that may be expected for any succeeding period or for the entire fiscal year. These consolidated financial statements should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K as of and for the fiscal year ended September 30, 2022 as filed with the Securities and Exchange Commission. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments, which are evaluated on an ongoing basis, and that affect the amounts reported in our unaudited financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the amounts of revenues and expenses that are not readily apparent from other sources. Actual results could differ from those estimates and judgments. In particular, significant estimates and judgments include those related to revenue recognition, allowance for doubtful accounts, useful lives and valuation of property and equipment. There have been no material changes in the Company’s significant accounting policies during the three and nine months ended June 30, 2023, as compared to the significant accounting policies described in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022. Cash and Cash Equivalents Cash includes cash on hand. Cash equivalents include short-term, highly liquid investments, with a remaining maturity at the date of purchase of three June 30, September 30, 2023 2022 Cash $ 384,143 $ 1,030,707 Money Market Funds 805,440 704,433 $ 1,189,583 $ 1,735,140 Periodically, the Company may carry cash balances at financial institutions more than the federally insured limit of $250,000 per institution. The amount in excess of the FDIC insurance as of June 30, 2023, was approximately $121,000. The Company has not experienced losses on these accounts and management believes, based upon the quality of the financial institutions, that the credit risk with regard to these deposits is not significant. Reclassifications Certain prior period amounts have been reclassified to conform with the current period presentation.

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Jun. 30, 2023
Related Party Transactions
Related Party Transactions	3. Related Party Transactions On January 3, 2012, we entered into a perpetual license agreement (the “Perpetual License”) with Mastermind Marketing, Inc. (the “Licensor”), which provides for licenses of trademarks, internet domains, and certain intellectual property as defined in the Perpetual License. The Licensor is one of our members and its chief executive officer is also our chief executive officer. The Perpetual License, which may be terminated at any time by either party, is effective January 3, 2012 and provides for aggregate cash payments of $2,100,000 over the calendar years from 2019 through 2039 with no further payments required after December 31, 2039. The Company has recorded amortized expenses related to the license of $27,000 and $69,000 for the three and nine months ended June 30, 2023 and $15,000 and $45,000 for the three and nine months ended June 30, 2022 (Note 5). On January 3, 2014, we entered into a commercial lease agreement (the “Lease”) with 1450 West Peachtree, LLC, a Georgia limited liability company (the “Landlord”), for the lease of our corporate facility in Atlanta, Georgia. The manager of the Landlord is also our chief executive officer. The term of the original lease was for 10 years from the date of the agreement. During the period ended December 31, 2022 the Company gave notice to our landlord for our leased office space to terminate the agreement as of December 31, 2022 with no payments due thereafter. The landlord agreed to the termination of the lease with no penalties and no additional payments required. Through the period of COVID restrictions, we enhanced our remote work tools, technologies, and practices, working with our team to continue to serve our customers and complete projects. These remote tools and technologies have broadened our available talent pool and removed travel times for our team. The Company has adopted a fully remote work environment and no replacement office space is planned for. During the three and nine months ended June 30, 2023 we made lease payments of $0 and $41,422, respectively, and for the three and nine months ended June 30, 2022 $41,423 and $112,845 in satisfaction of our obligation pursuant to the Lease (Note 6). During the three and nine months ended June 30, 2023, and 2022, we made payments to our three members pursuant to the terms of our operating agreement, as amended, for services rendered to us. The Company recorded expenses to our three

Property and Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Jun. 30, 2023
Property and Equipment
Property and Equipment	4. Property and Equipment Property and equipment consist of the following: June 30, September 30, 2023 2022 Furniture, fixtures and office equipment $ 86,485 $ 161,640 Leasehold improvements - 73,795 Property and equipment, gross 86,485 235,435 Less: accumulated depreciation (47,994 ) (183,431 ) Property and equipment, net $ 38,491 $ 52,004 Depreciation expense for the three and nine months ended June 30, 2023 were $3,778 and $13,623, respectively and for the three and nine months ended June 30, 2022 were $5,606 and $16,643, respectively. As of December 31, 2022, the lease pertaining to the leasehold improvements was terminated (Note 6) and the $73,795 cost of leasehold improvements were written off resulting in a loss on disposal of $8,609 included in other income (expense). During the nine months ended June 30, 2023, the Company disposed of equipment with a total cost of $85,403 consisting of $83,639 of fully amortized equipment and $1,764 of equipment for $1,200 in cash due to an insurance payout, for a loss on disposal of $329 included in other income (expense).

Licensing Agreements

Licensing Agreements	9 Months Ended
Licensing Agreements	Jun. 30, 2023
Licensing Agreements
Licensing Agreements	5. Licensing Agreements On January 3, 2012, we entered into a perpetual license agreement (the “Perpetual License”) with Mastermind Marketing, Inc. (the “Licensor”), which provides for licenses of trademarks, internet domains, and certain intellectual property as defined in the Perpetual License. The Licensor is one of our members and its chief executive officer is also our chief executive officer. The Perpetual License, which may be terminated at any time by either party, is effective January 3, 2012 and provides for aggregate cash payments of $2,100,000 over the calendar years from 2019 through 2039 with no further payments required after December 31, 2039. The Company has recorded amortized expenses related to the license of $27,000 and $69,000 for the three and nine months ended June 30, 2023, and $15,000 and $45,000 for the three and nine months ended June 30, 2022, respectively. In consideration for the Perpetual License, we agreed to pay the following fees through fiscal year 2040 (calendar year 2039): Fiscal Years Ending September 30, Amount 2023 $ 60,000 2024 60,000 2025 60,000 2026 120,000 2027 120,000 Thereafter 1,440,000 $ 1,860,000

Operating Lease Right of Use As

Operating Lease Right of Use Assets and Operating Lease Liabilities	9 Months Ended
	Jun. 30, 2023
Operating Lease Right of Use Assets and Operating Lease Liabilities
Operating Lease Right of Use Assets and Operating Lease Liabilities	6. Operating Lease Right-of-Use Assets and Operating Lease Liabilities Operating lease right-of-use assets and liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value is our incremental borrowing rate, estimated to be 5.5%, as the interest rate implicit in our lease is not readily determinable. Operating lease expense is recognized pursuant to ASC Topic 842 Leases (Topic 842) over the lease term. During the three and nine months ended June 30, 2023, the Company recorded rent expense of $0 and $41,422, respectively and for the three and nine months ended June 30, 2022, the Company recorded rent expense of $41,423 and $112,845, respectively. In adopting Topic 842, the Company has elected the ‘package of practical expedients’, which permit it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter is not applicable to the Company. In addition, the Company elected not to apply ASC Topic 842 to arrangements with lease terms of 12 month or less. During the year ended September 30, 2020, upon adoption of ASC Topic 842 for the 10-year commercial lease with 1450 West Peachtree, LLC for our leased office space, the Company recorded right-of-use assets and lease liabilities of $461,740. During the period ended December 31, 2022 the Company gave notice to our landlord for our leased office space to terminate the agreement as of December 31, 2022 with no payments due thereafter. The landlord agreed to the termination of the lease with no penalties and no additional payments required. Through the period of COVID restrictions, we enhanced our remote work tools, technologies, and practices, working with our team to continue to serve our customers and complete projects. These remote tools and technologies have broadened our available talent pool and removed travel times for our team. The Company has adopted a fully remote work environment and no replacement office space is planned for. The Right-of-use assets are summarized below: June 30 , September 30, 2023 2022 Office Lease $ - $ 461,740 Less accumulated amortization - (307,924 ) Right-of-use, net $ - $ 153,816 Amortization on the right-of-use asset is included in general and administrative expense on the statements of operations. Operating lease liabilities are summarized below: June 30 , September 30, 2023 2022 Lease liability $ - $ 153,816 Less: current portion - (114,389 ) Long term portion $ - $ 39,427

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies
Commitments and Contingencies	7. Commitments and Contingencies Litigation On February 11, 2022, a Complaint and Demand for Jury Trial (the “Complaint”) was filed by a plaintiff (the “Plaintiff”) in the United States District Court for the Eastern District of Pennsylvania. The Complaint named Mastermind, Inc. (“the Company”) and Daniel Dodson, the Company’s Chief Executive Officer, (the “CEO”). The Company and the CEO are collectively referred to herein as “Defendants”. The Complaint includes alleged breach of contract and alleged breach of implied contract by the Defendants related to the Plaintiff’s allegations that he was entitled to 3,000,000 shares of common stock of the Company from the reverse merger transaction completed on February 14, 2018. The Defendants successfully had the Complaint transferred to the United States District Court for the Northern District of Georgia. The Defendants will contest the complaint and believe they will prevail. Other than the above we are not a party to any other legal proceedings, other than ordinary routine litigation incidental to our business, which we believe will not have a material effect on our financial position or results of operations.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Jun. 30, 2023
Income Taxes
Income Taxes	8. Income Taxes Prior to February 14, 2018, the effective date of the Business Combination, no provision for income taxes was made since we were treated as a partnership for income tax purposes and the income or loss was passed through to our members. We are required to file federal and state income tax returns in the United States. The preparation of these tax returns requires us to interpret the applicable tax laws and regulations in effect in such jurisdictions, which could affect the amount of tax paid by us. In consultation with our tax advisors, we base our tax returns on interpretations that are believed to be reasonable under the circumstances. The tax returns, however, are subject to routine reviews by the various federal and state taxing authorities in the jurisdictions in which we file tax returns. As part of these reviews, a taxing authority may disagree with respect to the income tax positions taken by us (“uncertain tax positions”) and, therefore, may require us to pay additional taxes. As required under applicable accounting rules, we accrue an amount for our estimate of additional income tax liability, including interest and penalties, which we could incur as a result of the ultimate or effective resolution of the uncertain tax positions. We account for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. There were no unrecognized material tax benefits at June 30, 2023, and September 30, 2022. Our policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. There were no accrued interest or penalties associated with any unrecognized tax benefits, nor was any interest expense recognized during the periods presented. We have determined we have no uncertain tax positions. Tax returns are subject to examination by the federal and state taxing authorities for generally three years after filed. There are no income tax examinations currently in process. The Company files its income tax returns on the cash basis of accounting utilizing a December 31 tax year end. Deferred tax assets relating to current liabilities result from accounts payable and accrued expenses and unearned revenues which are not currently deductible for tax purposes. Deferred tax liabilities relating to current assets result from accounts receivables, unbilled receivables and prepaid expenses which are not currently recognized as income for tax reporting purposes. As of June 30, 2023, the Company has no net operating loss carryforwards that are available to offset future taxable income. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a federal corporate tax rate decrease from 35% to 21% for tax years beginning after December 31, 2017, the transition of U.S. international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of foreign earnings.

Stockholders Equity

Stockholders Equity	9 Months Ended
Stockholders Equity	Jun. 30, 2023
Stockholders Equity
Stockholders' Equity	9. Stockholders Equity Preferred Stock As of June 30, 2023, and September 30, 2022, we were authorized to issue a total 1,000,000 shares of preferred stock. There were no shares of Preferred Stock issued or outstanding as of June 30, 2023, and September 30, 2022. Common Stock As of June 30, 2023, and September 30, 2022, we were authorized to issue a total of 125,000,000 shares of common stock. As of June 30, 2023, and September 30, 2022, there were 34,505,520 shares of common stock issued and outstanding, respectively. Dividends During the three and nine months ended June 30, 2023 and 2022, there were no dividends declared or paid. Common Stock Options A 2018 Equity Incentive Plan consisting of four million (4,000,000) shares of Common Stock was adopted by written consent of holders of 85% of the voting securities. No options or shares have been issued under this plan as of June 30, 2023 and September 30, 2022.

Concentration of Credit Risk an

Concentration of Credit Risk and Major Customers	9 Months Ended
Concentration of Credit Risk and Major Customers	Jun. 30, 2023
Concentration of Credit Risk and Major Customers
Concentration of Credit Risk and Major Customers	10. Concentration of Credit Risk and Major Customers For the three months ended June 30, 2023, three customers represented approximately 43%, 42% and 14%, respectively, of our total revenues. For the nine months ended June 30, 2023, three customers represented approximately 36%, 34% and 27%, respectively, of our total revenues. As of June 30, 2023 , For the three months ended June 30, 2022, three customers represented approximately 31%, 30% and 28%, respectively, of our total revenues. For the nine months ended June 30, 2022, three customers represented approximately 40%, 32% and 22%, respectively, of our total revenues.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Jun. 30, 2023
Subsequent Events
Subsequent Events	11. Subsequent Events The Company has evaluated subsequent events through the date the financial statements were issued. The Company has determined that there are no such events that warrant disclosure or recognition in the consolidated financial statements presented herein.

Interim Financial Statements _2

Interim Financial Statements and Basis of Presentation (Tables)	9 Months Ended
	Jun. 30, 2023
Interim Financial Statements and Basis of Presentation
Schedule of cash and cash equivalents	June 30, September 30, 2023 2022 Cash $ 384,143 $ 1,030,707 Money Market Funds 805,440 704,433 $ 1,189,583 $ 1,735,140

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
Property and Equipment (Tables)	Jun. 30, 2023
Property and Equipment
Schedule of Property and Equipment	June 30, September 30, 2023 2022 Furniture, fixtures and office equipment $ 86,485 $ 161,640 Leasehold improvements - 73,795 Property and equipment, gross 86,485 235,435 Less: accumulated depreciation (47,994 ) (183,431 ) Property and equipment, net $ 38,491 $ 52,004

Licensing Agreements (Tables)

Licensing Agreements (Tables)	9 Months Ended
Licensing Agreements (Tables)	Jun. 30, 2023
Licensing Agreements
Schedule of consideration for the Perpetual License	Fiscal Years Ending September 30, Amount 2023 $ 60,000 2024 60,000 2025 60,000 2026 120,000 2027 120,000 Thereafter 1,440,000 $ 1,860,000

Operating Lease Right-of-Use As

Operating Lease Right-of-Use Assets and Operating Lease Liabilities (Tables)	9 Months Ended
	Jun. 30, 2023
Interim Financial Statements and Basis of Presentation
Schedule of Right-of-use assets	June 30 , September 30, 2023 2022 Office Lease $ - $ 461,740 Less accumulated amortization - (307,924 ) Right-of-use, net $ - $ 153,816
Schedule of Operating lease liabilities	June 30 , September 30, 2023 2022 Lease liability $ - $ 153,816 Less: current portion - (114,389 ) Long term portion $ - $ 39,427

Interim Financial Statements _3

Interim Financial Statements and Basis of Presentation (Details ) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Interim Financial Statements and Basis of Presentation
Cash	$ 384,143	$ 1,030,707
Money Market Funds	805,440	704,433
Cash and cash equivalents net	$ 1,189,583	$ 1,735,140

Interim Financial Statements _4

Interim Financial Statements and Basis of Presentation (Details Narrative )	Jun. 30, 2023 USD ($)
Interim Financial Statements and Basis of Presentation
Federally insured limit	$ 250,000
Amount in excess of the FDIC insurance	$ 121,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
Related Party Transactions (Details Narrative) - USD ($)	Jan. 03, 2014	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022	Jan. 03, 2012
Related Party Transaction, Expenses from Transactions with Related Party		$ 275,934	$ 285,759	$ 827,493	$ 709,708
Finite-Lived License Agreements, Gross		2,100,000		2,100,000
Amortized Expense		27,000	15,000	69,000	45,000
Licensor [Member]
Finite-Lived License Agreements, Gross							$ 2,100,000
Amortized Expense		27,000	15,000	69,000	45,000
Licensor [Member] \| License Agreement [Member]
Due to Related Parties		0		0		$ 0
Landlord [Member]
Operating Lease, Expense		$ 0	$ 41,423	$ 41,422	$ 112,845
Commercial lease, term of contract	10 years

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Property and Equipment
Furniture, fixtures and office equipment	$ 86,485	$ 161,640
Leasehold improvements	0	73,795
Property and equipment, gross	86,485	235,435
Less: accumulated depreciation	(47,994)	(183,431)
Property and equipment, net	$ 38,491	$ 52,004

Property and Equipment (Detai_2

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended			9 Months Ended
Property and Equipment (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Depreciation Expences	$ 3,778		$ 5,606	$ 13,623	$ 16,643
Loss on disposition	$ 0		$ 0	(8,938)	$ 0
Disposal of equipment				85,403
Equipment
Loss on disposition				(329)
Fully amortization of equipment				83,639
Amortization of equipment				1,764
Insurance payout				$ 1,200
Leasehold improvements
Loss on disposition		$ (8,609)
Writeoff Leasehold improvements		$ 73,795

Licensing Agreements (Details)

Licensing Agreements (Details) - License Agreement [Member] - Licensor [Member]	Jun. 30, 2023 USD ($)
2023	$ 60,000
2024	60,000
2025	60,000
2026	120,000
2027	120,000
Thereafter	1,440,000
Total	$ 1,860,000

Licensing Agreements (Details N

Licensing Agreements (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
Licensing Agreements (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Licensing Agreements
Finite-Lived License Agreements, Gross	$ 2,100,000		$ 2,100,000
Amortized Expense	$ 27,000	$ 15,000	$ 69,000	$ 45,000

Operating Lease RightofUse Asse

Operating Lease RightofUse Assets and Operating Lease Liabilities (Details) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Operating Lease Right of Use Assets and Operating Lease Liabilities
Office lease	$ 0	$ 461,740
Less accumulated amortization	0	(307,924)
Right-of-us assets, net	$ 0	$ 153,816

Operating Lease RightofUse As_2

Operating Lease RightofUse Assets and Operating Lease Liabilities (Details 1) - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Operating Lease Right of Use Assets and Operating Lease Liabilities
Lease liability	$ 0	$ 153,816
Less current portion	0	(114,389)
Long term portion	$ 0	$ 39,427

Operating Lease RightofUse As_3

Operating Lease RightofUse Assets and Operating Lease Liabilities (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2021
Right-of-use assets and lease liabilities					$ 461,740
Interest rate			5.50%
Landlord [Member]
Operating Lease, Expense	$ 0	$ 41,423	$ 41,422	$ 112,845

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	Feb. 11, 2022 shares
Commitments and Contingencies
Loss contingency, damages sought, shares of common stock	3,000,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	1 Months Ended
Income Taxes (Details Narrative)	Dec. 22, 2017
Income Taxes
Description of federal corporate tax rate	decrease from 35% to 21%

Stockholders Equity (Details Na

Stockholders Equity (Details Narrative) - shares	Jun. 30, 2023	Sep. 30, 2022
Common Stock, Shares Authorized (in shares)	125,000,000	125,000,000
Common Stock, Shares, Issued, Total (in shares)	34,505,520	34,505,520
Common Stock, Shares, Outstanding, Ending Balance (in shares)	34,505,520	34,505,520
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
The 2018 Equity Incentive Plan [Member]
Common Stock, Capital Shares Reserved For Future (in shares) Issuance	4,000,000
Percentage of voting securities	85%

Concentration of Credit Risk _2

Concentration of Credit Risk and Major Customers (Details Narrative)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Customer 1 [Member] \| Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	43%	31%	36%	40%
Customer 1 [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	44%				44%
Customer 2 [Member] \| Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	42%	30%	34%	32%
Customer 2 [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	37%				34%
Customer 3 [Member] \| Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	14%	28%	27%	22%
Contracts3 [Member] \| Account Receivable [Member] \| Costemer Concentration Risk [Member]
Concentration Risk, Percentage	19%				17%