v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,244,544) $ (8,844,288)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 17,045 38,367
Stock based compensation - stock option grants 1,144,384 1,315,563
Issuance of common stock for services 0 277,010
Amortization of operating lease right-of-use asset 56,356 135,915
Loss on debt extinguishment 728,298 0
Interest expense for default of convertible notes 748,600 0
Interest expense for repricing of warrants 233,644 0
Interest expense for extension of warrants 513,499 594,761
Amortization of debt issuance costs 985,225 100,029
Changes in operating assets and liabilities:    
Other long-term assets 0 (147,862)
Operating lease right-of-use liability (71,074) (140,297)
Accounts payable - trade and accrued expenses 691,020 (376,882)
NET CASH USED IN OPERATING ACTIVITIES (3,197,547) (7,047,684)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of research and development equipment 0 (12,696)
NET CASH USED IN INVESTING ACTIVITIES: 0 (12,696)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of note payable (480,000) 0
Proceeds from debt offering 200,000 3,805,699
Payments for debt offering 0 (262,450)
Proceeds from issuance of common stock offering, net 300,000 203,105
Proceeds from At The Market common stock offering 510,705 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 530,705 3,746,354
NET DECREASE IN CASH AND CASH EQUIVALENTS (2,666,842) (3,314,026)
CASH AND CASH EQUIVALENTS, beginning of period 3,110,755 8,023,716
CASH AND CASH EQUIVALENTS, end of period 443,913 4,709,690
Supplemental disclosures of cash flow information:    
Interest paid 41,000 155,000
Taxes paid 0 0
Supplemental disclosure of non-cash financing activity:    
Deemed dividends on Series C and D Preferred Stock 56,214 162,238
Common stock issued for debt payment 746,001 0
Repricing of convertible notes payable and warrants 1,302,607 0
Warrants issued for debt offering $ 0 $ 1,536,743

Source

10-Q PDF
XBRL