Balance Sheet

v3.20.4
Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Sep. 30, 2019
Current Assets:    
Cash and cash equivalents $ 13,859,748 $ 7,893,804
Prepaid expenses 122,237 48,111
Total Current Assets 13,981,985 7,941,915
Property and equipment, net 1,577 590
Operating lease right-of-use asset, net 986,204
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 43,773,655 36,746,394
Current Liabilities:    
Accounts payable 1,856,235 2,713,542
Accrued expenses 164,040 246,225
Accrued compensation 1,654,919 1,400,688
Accrued interest 89,970 74,297
Notes payable - related parties 172,970 172,970
Operating lease liability 158,999
Total Current Liabilities 4,097,133 4,607,722
Note payable - paycheck protection program 164,583
Deferred tax liability 4,985,800 4,985,800
Operating lease liability - non current 855,471
Total Liabilities 10,102,987 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; 55,576,996 and 28,930,493 shares issued and outstanding at September 30, 2020 and 2019, respectively 55,577 28,930
Additional paid-in capital 104,208,958 80,169,724
Accumulated deficit (70,593,867) (53,045,782)
Total Stockholders' Equity 33,670,668 27,152,872
Total Liabilities and Stockholders' Equity $ 43,773,655 $ 36,746,394

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