Cash Flow

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net loss $ (4,919,261) $ (2,090,175)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss (gain) on revaluation of derivative warrant liability (442,390) 173,906
Stock-based compensation expense 541,544 236,913
Stock issued for services 298,774 90,000
Depreciation 1,343
Changes in operating assets and liabilities    
Prepaid expenses 316,348 60,000
Accounts payable 953,784 (437,232)
Accrued expenses 898,271 396,825
Accrued compensation 179,115
Accrued interest 33,079
Due to related party (1,775)
Net Cash Used In Operating Activities (2,139,393) (1,571,538)
Cash Flows From Investing Activities:    
Cash acquired in acquisition 255,748
Net Cash Provided By Investing Activities 255,748
Cash Flows From Financing Activities:    
Proceeds from notes payable - related parties 1,350,000
Net proceeds from private placement 556,152 4,398,688
Net Cash Provided by Financing Activities 1,906,152 4,398,688
Net Change in Cash and Cash Equivalents (233,241) 3,082,898
Cash and Cash Equivalents - Beginning of Period 294,351 676,137
Cash and Cash Equivalents - End of Period 61,110 3,759,035
Supplemental Disclosures of Cash Flow Information and Non-cash Transactions:    
Interest paid
Income taxes paid
Fair value of warrants recorded as derivative warrant liability 704,005
Reclassification of derivative warrant liability to additional paid-in capital $ 813,319 $ 114,308

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