XML 14 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)    
Net loss $ (16,196,318) $ (18,606,098)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,973,982 1,867,192
Non-cash lease expense 9,545 43,594
Share-based payments for services 285,722 402,270
Equity-based compensation 3,436,119 6,655,002
Common stock contributed to 401(k) plan 105,043 110,072
Gain on short-term investments 0 (615)
Loss on patent impairment 0 30,793
Gain on derivative instruments 0 (366,791)
Loss on Receivables 0 54,922
(Increase)/decrease in assets:    
Prepaid expenses 180,222 2,552
Supplies used for R&D and manufacturing 170,434 1,288
Deposits (2,354,723) 1,910,917
Increase/(decrease) in liabilities:    
Accounts payable 102,841 46,033
Accrued expenses 111,515 89,149
Due to employees 37,798 222,112
Net cash used in operating activities (12,137,820) (7,537,608)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturity of US treasury bills 0 6,152,000
Purchases of property and equipment (165,032) (550,861)
Expenditures for patent costs 0 (22,741)
Net cash (used in) provided by investing activities (165,032) 5,578,398
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of stock issuance costs (9,010) (45,965)
Proceeds from exercises of warrants 447,291 101,225
Proceeds from the exercises of options 0 29,835
Proceeds from landlord funding of lease improvements 0 786,454
Payments on obligations under finance leases (761,223) (689,615)
Net cash (used in) provided by financing activities (322,942) 181,934
NET DECREASE IN CASH AND CASH EQUIVALENTS (12,625,794) (1,777,276)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 22,672,138 36,060,148
CASH AND CASH EQUIVALENTS, END OF PERIOD   34,282,872
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment purchases included in current liabilities 176,743 32,549
Finance lease obligation included in accounts payable 1,402 374
Prepaid consulting services paid with issuance of common stock 192,258 354,853
Exercise of derivative liabilities 0 70,589
Modification of finance leases 0 16,268
Financing costs included in current liabilities 0 4,550
Accrued consulting services to be paid with common stock 165,000 165,000
Cash paid for interest $ 547,765 $ 578,837