XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.4
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (30,255,244) $ (22,134,640)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,159,729 633,529
Share based payments for services 862,796 856,025
Equity based compensation 10,112,968 4,428,174
Common stock contributed to 401(k) plan 163,340 143,878
Shares issued for settlement of clinical research costs 1,769,500 3,400,000
Loss on derivative instruments 349,078 760,603
Warrant inducement expense 805,753 0
Modification of warrants 5,554 0
Capitalized lease interest 0 128,194
(Increase)/decrease in assets:    
Receivables 7,843 55,892
Prepaid expenses (623,608) (137,768)
Supplies used for manufacturing (37,689) (137,125)
Increase/(decrease) in liabilities:    
Accounts payable (766,073) (4,084,410)
Accrued expenses 406,083 (170,878)
Due to employees (261,420) (55,499)
Other liabilities 25,229 (6,660)
Net cash used in operating activities (15,276,161) (16,320,685)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,654,906) (177,779)
Expenditures for patent costs (39,975) (158,060)
Net cash used in investing activities (2,694,881) (335,839)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 13,992,439 0
Payments of stock issuance costs (752,804) (163,364)
Proceeds from exercise of warrants 12,072,465 14,517,260
Proceeds from exercises of options 338,328 150,482
Proceeds from the purchase of stock by officers and directors 184,990 291,997
Payments on obligations under finance leases (800,241) (5,121)
Net cash provided by financing activities 25,035,177 14,791,254
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,064,135 (1,865,270)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 8,444,774 10,310,044
CASH AND CASH EQUIVALENTS, END OF YEAR 15,508,909 8,444,774
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment purchases included in accounts payable 1,184,723 17,329
Prepaid consulting services paid with issuance of common stock 164,871 22,563
Right of use assets acquired and liabilities incurred 399,032 0
Exercise of derivative liabilities 3,071,775 3,589,357
Lease obligation included in accounts payable 790 441
Stock issuance costs included in current liabilities 50,499 15,580
Capitalizable patent costs included in current liabilities 15,000 0
Accrued consulting services to be paid with common stock 55,000 0
Cash paid for interest $ 1,155,026 $ 1,809,242