Cash Flow

v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities:    
Net loss $ (11,912,242) $ (9,689,710)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on extinguishment of liability (450,000)
Stock-based compensation expense 578,946 629,085
Issuance of common stock for services and release agreements 117,500 377,200
Depreciation 706 1,518
Changes in operating assets and liabilities:    
Other receivables 818,343
Prepaid expenses and deposits 13,276 147,118
Accounts payable 857,419 309,906
Accrued expenses (23,434) 4,422
Accrued compensation 6,771 (127,249)
Accrued interest - related parties 12,246 11,797
Due to related party (27,637)
Net Cash Used In Operating Activities (9,530,469) (8,813,550)
Cash Flows From Financing Activities:    
Proceeds from common stock warrant exercises 23,216 1,125,148
Net proceeds from registered direct offering 4,834,001 7,246,099
Net Cash Provided By Financing Activities 4,857,217 8,371,247
Net Change in Cash and Cash Equivalents (4,673,252) (442,303)
Cash and Cash Equivalents - Beginning of Period 9,184,003 3,204,108
Cash and Cash Equivalents - End of Period 4,510,751 2,761,805
Supplemental Disclosures Of Cash Flow Information and Non-cash Transactions:    
Interest paid 193
Par value of common stock issued upon cashless exercise of warrants $ 17

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