Cash Flow

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities:      
Net loss $ (10,384,953) $ (8,295,698) $ (2,902,268)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 986,620 732,151 486,271
(Gain) loss on revaluation of derivative warrant liability (452,147) 838,219 (332,095)
Fair value of stock issued for services and release agreements 704,019 150,000
Fair value of options issued to purchase units of common stock 104,138
Warrants issued and repriced in settlement agreements 190,890
Non-cash interest expense 762,078
Depreciation 2,632 1,343
Write-off of abandoned trademarks 5,401
Changes in operating assets and liabilities:      
Prepaid expenses 572,098 (40,759) (60,000)
Accounts payable (306,725) 105,230 452,981
Accrued expenses (397,183) 351,182 (52,057)
Accrued compensation 159,750 288,250
Accrued interest 87,578 7,009 7,500
Due to related party (42,749) 14,252
Net Cash Used In Operating Activities (7,971,205) (5,900,421) (2,385,416)
Cash Flows From Investing Activities:      
Cash acquired in acquisition 255,748
Purchase of property and equipment (2,126)
Net Cash Provided By (Used In) Investing Activities (2,126) 255,748
Cash Flows From Financing Activities:      
Proceeds from notes payable - related parties 4,210,000 500,000
Repayment of notes payable - related parties (600,000)
Proceeds from stock option exercise 40
Net proceeds from private placement 556,152 5,427,688 1,509,493
Net proceeds from public offering 6,116,896
Deferred offering costs (64,801)
Net Cash Provided By Financing Activities 10,883,088 5,262,887 1,509,493
Increase (Decrease) in Cash and Cash Equivalents 2,909,757 (381,786) (875,923)
Cash and Cash Equivalents - Beginning of Year 294,351 676,137 1,552,060
Cash and Cash Equivalents - End of Year 3,204,108 294,351 676,137
Supplemental Disclosures of Cash Flow Information and Non-cash Transactions:      
Interest paid 1,133 1,985
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 1,198,564 768,435
Fair value of warrants issued for future services 477,181
Reclassification of derivative warrant liability to additional paid-in capital 1,871,211 1,093,765 1,148,328
Beneficial conversion feature on convertible promissory notes - related party 1,595,411
Conversion of on convertible promissory notes - related party and related accrued interest into common stock $ 4,786,240 $ 633,333

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