Cash Flow

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities:    
Net loss $ (7,341,682) $ (5,706,104)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss (gain) on revaluation of derivative warrant liability (308,878) 1,659,738
Stock-based compensation expense 808,356 515,677
Fair value of stock issued for services and release agreements 421,998 90,000
Fair value of options issued to purchase units of common stock 104,138
Warrants issued and repriced in settlement agreements 190,890
Depreciation 2,015 671
Write-off of abandoned trademarks 5,401
Changes in operating assets and liabilities    
Prepaid expenses 434,537 (313,884)
Accounts payable 1,068,366 (494,752)
Accrued expenses (303,149) (21,891)
Accrued compensation 315,115 160,000
Accrued interest 66,479 2,460
Due to related party (32,749)
Net Cash Used In Operating Activities (4,541,815) (4,133,433)
Cash Flows From Investing Activities:    
Cash acquired in acquisition 255,748
Net Cash Provided By Investing Activities 255,748
Cash Flows From Financing Activities:    
Deferred offering costs (20,000)
Proceeds from notes payable - related parties 3,910,000
Repayment of notes payable – related parties (600,000)
Proceeds from stock option exercise 40
Net proceeds from private placement 556,152 5,427,688
Net Cash Provided by Financing Activities 4,446,192 4,827,688
Net Change in Cash and Cash Equivalents (95,623) 950,003
Cash and Cash Equivalents - Beginning of Period 294,351 676,137
Cash and Cash Equivalents - End of Period 198,728 1,626,140
Supplemental Disclosures of Cash Flow Information and Non-cash Transactions:    
Interest paid 300 1,985
Income taxes paid
Amendment of convertible promissory notes – related party 833,333
Fair value of unit purchase option issued for services 193,860
Fair value of warrants recorded as derivative warrant liability 641,385 1,198,564
Reclassification of derivative warrant liability to additional paid-in capital $ 1,433,316 $ 649,656

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