Cash Flow

v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net loss $ (7,506,659) $ (7,667,816)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on extinguishment of liability (450,000)
Stock-based compensation expense 374,944 504,687
Issuance of common stock for services and release agreements 117,500 346,200
Depreciation 470 1,283
Changes in operating assets and liabilities:    
Other receivables 818,343
Prepaid expenses 11,109 155,452
Accounts payable 352,642 798,042
Accrued expenses (5,664) 32,027
Accrued compensation (178,915) (267,625)
Accrued interest - related parties 8,108 7,897
Due to related party (27,637)
Net Cash Used In Operating Activities (6,008,122) (6,567,490)
Cash Flows From Financing Activities:    
Proceeds from common stock warrant exercises 23,216 1,125,148
Net proceeds from registered direct offering 7,246,099
Net Cash Provided By Financing Activities 23,216 8,371,247
Net Change in Cash and Cash Equivalents (5,984,906) 1,803,757
Cash and Cash Equivalents - Beginning of Period 9,184,003 3,204,108
Cash and Cash Equivalents - End of Period 3,199,097 5,007,865
Supplemental Disclosures of Cash Flow Information and Non-cash Transactions:    
Interest paid 5 193
Par value of common stock issued upon cashless exercise of warrants $ 17

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