Cash Flow

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (13,427,457) $ (11,912,242)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 554,228 578,946
Issuance of common stock for services 428,770 117,500
Amortization of operating lease right-of-use asset 112,605
Depreciation 632 706
Changes in operating assets and liabilities:    
Other receivables 818,343
Prepaid expenses (3,471) 13,276
Accounts payable (901,918) 857,419
Accrued expenses (82,361) (23,434)
Accrued compensation (180,374) 6,771
Accrued interest 12,216 12,246
Operating lease liability (85,736)
Net Cash Used In Operating Activities (13,572,866) (9,530,469)
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 note payable – paycheck protection program 164,583
Net proceeds from registered direct offerings 6,877,100 4,834,001
Net proceeds from common stock warrant exercises 7,156,549 23,216
Net Cash Provided By Financing Activities 14,198,232 4,857,217
Net Change in Cash and Cash Equivalents 623,535 (4,673,252)
Cash and Cash Equivalents - Beginning of Period 7,893,804 9,184,003
Cash and Cash Equivalents - End of Period 8,517,339 4,510,751
Supplemental Disclosures Of Cash Flow Information and Non-cash Activities:    
Operating lease right-of-use asset and liability recorded upon adoption of ASC 842 $ 1,137,724

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