XML 15 R6.htm IDEA: XBRL DOCUMENT v3.20.4
STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,599,178) $ (5,201,779)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,064,231 316,083
Share-based payments for services 347,227 511,424
Equity based compensation 3,581,204 1,104,490
Common stock contributed to 401(k) plan 79,896 72,124
Shares issued for settlement of clinical research costs 0 1,290,000
Loss (gain) on derivative instruments 2,282,518 (4,589,135)
Capitalized lease interest 0 64,432
(Increase)/decrease in assets:    
Receivables 476 (4,579)
Prepaid expenses 96,951 (74,741)
Supplies used for R&D and manufacturing (67,185) (115,774)
Increase/(decrease) in liabilities:    
Accounts payable (765,872) (1,489,234)
Accrued expenses 20,110 82,580
Due to employees (34,034) 245,074
Other liabilities 3,438 (1,057)
Net cash used in operating activities (7,990,218) (7,790,092)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (752,797) (160,920)
Expenditures for patent costs (13,996) (67,661)
Net cash used in investing activities (766,793) (228,581)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 12,917,632 0
Payments of stock issuance costs (190,553) (80,224)
Proceeds from the purchase of stock by officers and directors 184,990 0
Proceeds from exercise of warrants 2,069,272 3,305,387
Proceeds from exercises of options 49,898 0
Payments on obligations under finance lease (389,132) (2,521)
Net cash provided by financing activities 14,642,107 3,222,642
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,885,096 (4,796,031)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 8,444,774 10,310,044
CASH AND CASH EQUIVALENTS, END OF PERIOD 14,329,870 5,514,013
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment included in current liabilities 318,984 0
Capitalizable patent costs included in current liabilities 13,465 0
Right of use asset acquired and liability incurred 13,712 0
Finance lease obligation included in accounts payable 983 428
Prepaid consulting services paid with issuance of common stock 137,244 83,415
Accrued consulting services to be paid with common stock 165,000 0
Fair value of warrant liabilities on date of exercise 2,546,535 0
Stock issuance costs included in current liabilities 116,549 10,000
Cash paid for interest $ 585,748 $ 902,091