Balance Sheet

v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Sep. 30, 2019
Current Assets:    
Cash and cash equivalents $ 4,339,072 $ 7,893,804
Prepaid expenses 53,664 48,111
Total Current Assets 4,392,736 7,941,915
Property and equipment, net 236 590
Operating lease right-of-use asset, net 1,055,877
Other Assets:    
Deposits 57,093 57,093
In-process research and development 19,400,000 19,400,000
Goodwill 1,586,796 1,586,796
Total Other Assets 21,043,889 21,043,889
Total Assets 26,492,738 28,986,394
Current Liabilities:    
Accounts payable 1,524,360 2,713,542
Accrued expenses 149,991 246,225
Accrued compensation 1,031,876 1,400,688
Accrued interest - related parties 82,268 74,297
Notes payable - related parties 172,970 172,970
Operating lease liability 150,411
Total Current Liabilities 3,111,876 4,607,722
Operating lease liability - non current 937,155
Total Liabilities 4,049,031 4,607,722
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; 38,078,062 and 28,930,493 shares issued and outstanding at March 31, 2020 and September 30, 2019, respectively 38,078 28,930
Additional paid-in capital 86,972,950 80,169,724
Accumulated deficit (64,567,321) (55,819,982)
Total Stockholders' Equity 22,443,707 24,378,672
Total Liabilities and Stockholders' Equity $ 26,492,738 $ 28,986,394

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