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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Sep. 30, 2018 | Sep. 30, 2017
Income Statement [Abstract] |  |  |  |  |  |
REVENUE | $ 1,092,228 | $ 593,712 | $ 1,195,921 | $ 2,325,085 | $ 4,303,296 | $ 4,874,359
COST OF SALES | 865,571 | 454,839 | 927,125 | 1,850,594 | 3,481,673 | 3,966,607
GROSS PROFIT | 226,657 | 138,873 | 268,796 | 474,491 | 821,623 | 907,752
RESEARCH AND DEVELOPMENT EXPENSES | 153,300 | 184,024 | 391,014 | 241,020 | 570,514 | 79,405
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 578,097 | 1,678,335 | 2,367,781 | 992,462 | 2,508,846 | 3,088,178
IMPAIRMENT OF GOODWILL |  |  | 0 | 110,545 | 0 | 983,645
OPERATING LOSS | (504,740) | (1,723,486) | (2,489,999) | (758,991) | (2,257,737) | (3,243,476)
OTHER INCOME (EXPENSE): |  |  |  |  |  |
Interest expense | (793,837) | (7,750) | (16,876) | (1,087,039) | (1,195,329) | (376,974)
Other income (expense) | (577) | 6,618 | 13,054 | 18,611 | 25,160 | (62,954)
(Loss) on change - derivative liability |  |  |  |  | 0 | (217,828)
Gain on debt settlements |  |  |  |  | 170,309 | 0
Total other income (expense) | (794,414) | (1,132) | (3,822) | (1,068,428) | (999,860) | (657,756)
(LOSS) BEFORE INCOME TAXES | (1,299,154) | (1,724,618) | (2,493,821) | (1,827,419) | (3,257,597) | (3,901,232)
Income taxes - current provision | 0 | 0 | 0 | 0 | 0 | 0
NET (LOSS) | $ (1,299,154) | $ (1,724,618) | $ (2,493,821) | $ (1,827,419) | $ (3,257,597) | $ (3,901,232)
Basic and diluted loss per common share attributable to Visualant, Inc. and subsidiaries common shareholders- |  |  |  |  |  |
Basic and diluted loss per share | $ (0.25) | $ (0.09) | $ (0.14) | $ (0.37) | $ (0.38) | $ (1.01)
Weighted average shares of common stock outstanding- basic and diluted | 5,128,144 | 19,297,126 | 18,424,608 | 4,889,218 | 8,630,891 | 3,844,840

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