Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (17,548,085) $ (15,562,144)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 803,261 715,983
Issuance of common stock for services 528,770 211,597
Amortization of operating lease right-of-use asset 151,520
Depreciation 844 893
Changes in operating assets and liabilities:    
Other receivables 818,343
Prepaid expenses (74,126) 9,621
Deposits (54,926)
Accounts payable (857,307) 1,140,098
Accrued expenses (82,185) 64,568
Accrued compensation 254,231 201,773
Accrued interest 15,673 16,443
Operating lease liability (123,254)
Net Cash Used In Operating Activities (16,930,658) (12,437,751)
Cash Flows From Investing Activities:    
Purchase of property and equipment (1,831)
Net Cash Used In Investing Activities (1,831)
Cash Flows From Financing Activities:    
Proceeds from notes payable - paycheck protection program 164,583
Proceeds from common stock warrant exercises 7,156,549 23,216
Net proceeds from underwritten offerings 8,700,201 6,290,335
Net proceeds from registered direct offerings 6,877,100 4,834,001
Net Cash Provided By Financing Activities 22,898,433 11,147,552
Increase (Decrease) in Cash and Cash Equivalents 5,965,944 (1,290,199)
Cash and Cash Equivalents - Beginning of Year 7,893,804 9,184,003
Cash and Cash Equivalents - End of Year 13,859,748 7,893,804
Supplemental Disclosures of Cash Flow Information and Non-cash Transactions:    
Operating lease right-of-use asset and liability recorded upon adoption of ASC 842 $ 1,137,724