Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2020
Sep. 30, 2020
Current Assets:    
Cash and cash equivalents $ 4,295,663 $ 13,859,748
Prepaid expenses 1,283,303 122,237
Total Current Assets 5,578,966 13,981,985
Property and equipment, net 1,424 1,577
Operating lease right-of-use asset, net 946,533 986,204
Other Assets:    
Deposits 38,062 57,093
In-process research and development 19,400,000 19,400,000
Goodwill 9,346,796 9,346,796
Total Other Assets 28,784,858 28,803,889
Total Assets 35,311,781 43,773,655
Current Liabilities:    
Accounts payable 984,175 1,856,235
Accrued expenses 252,482 164,040
Accrued compensation 1,880,794 1,654,919
Accrued interest 93,938 89,970
Notes payable - related parties 172,970 172,970
Operating lease liability 163,423 158,999
Total Current Liabilities 3,547,782 4,097,133
Note payable - paycheck protection program 164,583 164,583
Deferred tax liability 4,985,800 4,985,800
Operating lease liability - non current 812,775 855,471
Total Liabilities 9,510,940 10,102,987
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock - $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock - $0.001 par value; 200,000,000 shares authorized; 55,576,996 shares issued and outstanding at December 31, 2020 and September 30, 2020 55,577 55,577
Additional paid-in capital 106,285,180 104,208,958
Accumulated deficit (81,140,296) (70,593,867)
Non-controlling interest 600,380
Total Stockholders' Equity 25,800,841 33,670,668
Total Liabilities and Stockholders' Equity $ 35,311,781 $ 43,773,655