XML 16 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (3,961,384) $ (2,926,270)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 161,977 218,346
Stock-based compensation expense 1,458,020 396,991
Common stock issued for consulting services   58,120
Provision for bad debts 5,646 10,000
Change in operating assets and liabilities:    
Accounts receivable 828,076 (4,480)
Inventories (26,065)  
Prepaid expenses and other current assets and deposits 66,776 71,896
Accounts payable and accrued liabilities (124,053) (320,825)
Deferred revenue (477,881) (224,524)
Net cash used in operating activities (2,068,888) (2,720,746)
Cash flows used in investing activities:    
Purchase of property, plant and equipment (42,647) (51,795)
Purchase of intangible assets   (14,301)
Net cash used in investing activities (42,647) (66,096)
Cash flows from financing activities:    
Net proceeds from sale of common stock and warrants 4,333,847 7,853,155
Proceeds from the exercise of warrants   4,410
Net cash provided by financing activities 4,333,847 7,857,565
Net increase in cash and cash equivalents 2,222,312 5,070,723
Cash and cash equivalents at beginning of period 4,479,274 7,312,184
Cash and cash equivalents at end of period 6,701,586 12,382,907
Supplemental Disclosures of Cash Flow Information:    
Cash paid during period for interest
Cash paid during period for income taxes
Non-cash investing and financing activities:    
Common stock issued upon cashless exercise of options and warrants   49
Reclassification of deferred offering costs to additional paid-in capital $ 13,986  
Property, plant and equipment acquired, and included in accounts payable   40,908
Intangible assets acquired, and included in accounts payable   17,841
Issuance of options to settle accrued liability   $ 42,335