ClickStream Corp

CIK:0001393548|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues
Operating expenses:
Research and development	189,000	230,000	484,000	521,000
Selling, general and administrative expenses	741,000	1,027,000	3,582,000	5,389,000
Total operating expenses	930,000	1,257,000	4,066,000	5,910,000
Loss from operations	(930,000)	(1,257,000)	(4,066,000)	(5,910,000)
Other income (expense):
Settlement of employment agreement			(146,000)
Interest expense	(60,000)	(74,000)	(267,000)	(90,000)
Interest income		13,000	21,000	41,000
Change in fair value - investments		377,000		639,000
Gain on debt exinguishment	35,000		35,000
Total other income (expense), net	(25,000)	316,000	(357,000)	590,000
Loss before equity method investee loss	(955,000)	(941,000)	(4,423,000)	(5,320,000)
Loss of equity method investee			(105,000)
Net loss	(955,000)	(941,000)	(4,528,000)	(5,320,000)
Deemed dividend resulting from redemption of Series A shares	(12,000)		(63,000)
Net loss available to common stockholders	$ (967,000)	$ (941,000)	$ (4,591,000)	$ (5,320,000)
Net loss per common share, basic and diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.02)
Weighted average number of common shares outstanding, basic and diluted	349,072,877	244,277,687	316,264,509	234,539,844

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,528,000)	$ (5,320,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	130,000	90,000
Premium on debt	105,000
Loss on settlement of employment agreement	146,000
Gain on debt extinguishment	(35,000)
Stock-based compensation	698,000	2,591,000
Loss of equity method investee	105,000
Change in fair value - investments - related party		(639,000)
Changes in operating assets and liabilities:
Prepaid expenses	98,000	982,000
Interest receivable	(21,000)
Accounts payable and accrued expenses	873,000	(75,000)
Accrued interest payable - related party	2,000	(4,000)
Net cash used in operating activities	(2,427,000)	(2,375,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Advances to Winners, Inc.		(315,000)
Repayments and interest income received on advances to Winners, Inc. - related party	577,000
Interest receivable - Winners, Inc. - related party		(41,000)
Net cash provided by (used in) investing activities	577,000	(356,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible notes payable	754,000	1,300,000
Repayments of convertible notes payable	(119,000)
Repayment of loans payable - related parties		(7,000)
Proceeds from private placement offering	750,000
Proceeds from note payable to Winners, Inc. - related party	111,000
Redemption of Series A preferred shares	(67,000)
Net cash provided by financing activities	1,429,000	1,293,000
Net decrease in cash	(421,000)	(1,438,000)
Cash, beginning of period	422,000	3,015,000
Cash, end of period	1,000	1,577,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid
Income taxes paid
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common shares issued to settle accrued expenses	9,000
Deemed dividend related to redemption of Series A preferred shares	63,000
Common shares issued for prepaid expenses	877,000
Common shares issued upon conversions of convertible notes payable	60,000
Common shares issued for acquisitioin of Nebula Software Corp.		$ 128,000

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2022	Sep. 30, 2021
Current assets:
Cash	$ 1,000	$ 422,000
Prepaid expenses	880,000	102,000
Note receivable and accrued interest - Winners, Inc. - related party		556,000
Total current assets	881,000	1,080,000
Investment in equity method investee - Winners, Inc.		105,000
Total assets	881,000	1,185,000
Current liabilities:
Accounts payable and accrued expenses	1,070,000	207,000
Convertible notes payable, net of debt discount and plus premium	775,000
Note payable and accrued interest - Winners, Inc. - related party	113,000
Total current liabilities	1,958,000	207,000
Total liabilities	1,958,000	207,000
Commitments and contingencies (See Note 13)
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 3,691,670 and 4,000,000 shares issued and outstanding, respectively	46,000	50,000
Stockholders’ equity (deficit):
Common stock, $0.0001 par value, 2,000,000,000 shares authorized; 338,183,630 and 279,437,804 shares issued and outstanding, respectively	$ 34,000	$ 28,000
Common stock to be issued, 18,087,827 and 140,000 shares, respectively	2,000
Additional paid-in capital	$ 16,996,000	$ 14,464,000
Accumulated deficit	(18,155,000)	(13,564,000)
Total stockholders’ equity (deficit)	(1,123,000)	928,000
Total liabilities and stockholders’ equity (deficit)	$ 881,000	$ 1,185,000