Cash Flow

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:    
Net loss $ (9,689,710) $ (7,341,682)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss (gain) on revaluation of derivative warrant liability (308,878)
Gain on extinguishment of liability (450,000)
Stock-based compensation expense 629,085 808,356
Issuance of common stock for services and release agreements 377,200 421,998
Issuance of options to purchase units of common stock 104,138
Warrants issued and repriced in settlement agreements 190,890
Depreciation 1,518 2,015
Changes in operating assets and liabilities:    
Prepaid expenses 147,118 434,537
Accounts payable 309,906 1,068,366
Accrued expenses 4,422 (303,149)
Accrued compensation (127,249) 315,115
Accrued interest - related parties 11,797 66,479
Due to related party (27,637)
Net Cash Used In Operating Activities (8,813,550) (4,541,815)
Cash Flows From Financing Activities:    
Deferred offering costs (20,000)
Proceeds from notes payable - related parties 3,910,000
Proceeds from common stock warrant exercises 1,125,148
Net proceeds from registered direct offering 7,246,099
Proceeds from stock option exercise 40
Net proceeds from private placements 556,152
Net Cash Provided By Financing Activities 8,371,247 4,446,192
Net Change in Cash and Cash Equivalents (442,303) (95,623)
Cash and Cash Equivalents - Beginning of Period 3,204,108 294,351
Cash and Cash Equivalents - End of Period 2,761,805 198,728
Supplemental Disclosures Of Cash Flow Information and Non-cash Transactions:    
Interest paid 193 300
Premium on convertible promissory notes - related party 833,333
Fair value of unit purchase option issued for future services 193,860
Fair value of warrants recorded as derivative warrant liability 641,385
Reclassification of derivative warrant liability to additional paid-in capital   1,433,316
Par value of common stock issued upon cashless exercise of warrants $ 17

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