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10. RELATED PARTY TRANSACTIONS
9 Months Ended
Jun. 30, 2021
Related Party Transactions [Abstract]  
10. RELATED PARTY TRANSACTIONS

10. RELATED PARTY TRANSACTIONS 

  

Zachary Bradford – Chief Executive Officer and Director

 

During the nine months ended June 30, 2021, the Company paid Blue Chip Accounting, LLC (“Blue Chip”) $131,890 for accounting, tax, administrative services and reimbursement for office supplies. Blue Chip is 50% beneficially owned by Mr. Bradford. None of the services were associated with work performed by Mr. Bradford. The services consisted of bookkeeping, accounting, and administrative support assistance. The Company also sub-leases office space from Blue Chip (see Note 14 for additional details). During the nine months ended June 30, 2021, $13,725 was paid to Blue Chip for rent.

 

Matthew Schultz - Chairman of the Board

 

The Company entered into an agreement on November 15, 2019, with an organization to provide general investor relations and consulting services that Mr. Schultz is affiliated with. The Company paid the organization $49,500 in fees plus $176,000 in expense reimbursements for the nine months ended June 30, 2020. The agreement was terminated in March 2020.