XML 14 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,872,687) $ (6,503,042)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 61,485 80,784
Share-based payments for services 112,778 472,061
Equity based compensation 677,755 845,100
Common stock contributed to 401(k) plan 76,426 82,146
Loss on retired equipment 1,187 115
Gain on derivative instruments (8,879,612) (5,529,230)
(Increase)/decrease in assets:    
Receivables 84,922 62,080
Deferred rent 323,555 349,335
Prepaid expenses 219,543 211,360
Inventory used for R&D and manufacturing 329,978 106,531
Deposits 154,995 150,000
Increase/(decrease) in liabilities:    
Accounts payable 4,214,678 (1,659,395)
Accrued expenses 131,169 559,944
Deferred revenue 0 (138)
Due to employees 140,511 (34,582)
Deferred rent liability (1,748) 4,176
Net cash used in operating activities (7,225,065) (10,802,755)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment (10,525) (21,644)
Net cash used in investing activities (10,525) (21,644)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock and warrants 5,849,444 12,258,287
Payments on related party loan 0 (1,104,057)
Payments on obligations under capital lease (2,048) (4,423)
Net cash provided by financing activities 5,847,396 11,149,807
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,388,194) 325,408
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2,917,996 5,726,682
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,529,802 6,052,090
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Decrease in receivable due under the litigation funding arrangement offset by the same amount payable to the legal firm providing the services 305,341 298,693
Capitalizable patent costs included in accounts payable 8,644 6,813
Capital lease payments included in accounts payable 1,500 750
Property and equipment acquired through capital lease 26,104 0
Fair value of warrants issued in connection with public offering 3,921,423 5,060,771
Financing costs included in accounts payable 118,866 1,910
Prepaid consulting services paid with issuance of common stock (41,668) 54,693
Cash paid for interest expense $ 12 $ 43,576