Balance Sheet

v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Sep. 30, 2019
Current Assets:    
Cash and cash equivalents $ 8,517,339 $ 7,893,804
Prepaid expenses 51,582 48,111
Total Current Assets 8,568,921 7,941,915
Property and equipment, net 1,789 590
Operating lease right-of-use asset, net 1,025,119
Other Assets:    
Deposits 57,093 57,093
In-process research and development 19,400,000 19,400,000
Goodwill 9,346,796 9,346,796
Total Other Assets 28,803,889 28,803,889
Total Assets 38,399,718 36,746,394
Current Liabilities:    
Accounts payable 1,811,624 2,713,542
Accrued expenses 163,864 246,225
Accrued compensation 1,220,314 1,400,688
Accrued interest 86,513 74,297
Notes payable - related parties 172,970 172,970
Operating lease liability 154,663
Total Current Liabilities 3,609,948 4,607,722
Note payable – paycheck protection program 164,583
Deferred tax liability 4,985,800 4,985,800
Operating lease liability - non current 897,325
Total Liabilities 9,657,656 9,593,522
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; 46,316,298 and 28,930,493 shares issued and outstanding at June 30, 2020 and September 30, 2019, respectively 46,316 28,930
Additional paid-in capital 95,168,985 80,169,724
Accumulated deficit (66,473,239) (53,045,782)
Total Stockholders' Equity 28,742,062 27,152,872
Total Liabilities and Stockholders' Equity $ 38,399,718 $ 36,746,394

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