Cash Flow

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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash Flows From Operating Activities:      
Net loss $ (15,562,144) $ (12,536,638) $ (10,384,953)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 715,983 779,701 986,620
Gain on revaluation of derivative warrant liability (452,147)
Gain on extinguishment of liability (450,000)
Issuance of common stock for services and release agreements 211,597 377,200 704,019
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 893 1,753 2,632
Changes in operating assets and liabilities:      
Other receivables 818,343 (818,343)
Prepaid expenses 9,621 162,514 572,098
Deposits (54,926)
Accounts payable 1,140,098 971,013 (306,725)
Accrued expenses 64,568 70,739 (397,183)
Accrued compensation 201,773 135,915 159,750
Accrued interest – related parties 16,443 15,645 87,578
Due to related party (27,637)
Net Cash Used In Operating Activities (12,437,751) (11,318,138) (7,971,205)
Cash Flows From Investing Activities:      
Purchase of property and equipment (2,126)
Net Cash Provided By (Used In) Investing Activities (2,126)
Cash Flows From Financing Activities:      
Proceeds from notes payable – related parties 4,210,000
Proceeds from common stock warrant exercises 23,216 1,125,148
Proceeds from stock option exercise 40
Net proceeds from underwritten offerings 6,290,335 8,926,786
Net proceeds from registered direct offering 4,834,001 7,246,099
Net proceeds from private placement 556,152
Net proceeds from public offering 6,116,896
Net Cash Provided By Financing Activities 11,147,552 17,298,033 10,883,088
Increase (Decrease) in Cash and Cash Equivalents (1,290,199) 5,979,895 2,909,757
Cash and Cash Equivalents – Beginning of Year 9,184,003 3,204,108 294,351
Cash and Cash Equivalents – End of Year 7,893,804 9,184,003 3,204,108
Supplemental Disclosures of Cash Flow Information and Non-cash Transactions:      
Interest paid 193 1,133
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 1,229,826
Beneficial conversion feature on convertible promissory notes – related party 1,595,411
Conversion of convertible promissory notes – related party and related accrued interest into common stock 4,786,240
Par value of common stock issued upon cashless exercise of warrants $ 17

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