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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,773,145) $ (12,947,748)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 24,208 59,009
Stock based compensation - stock option grants 1,144,384 2,331,516
Issuance of common stock for services 176,000 277,010
Amortization of operating lease right-of-use asset 84,401 162,647
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 notes and warrants 513,499 594,761
Amortization of debt issuance costs 1,040,872 375,859
Changes in operating assets and liabilities:    
Other long-term assets 125,000 (143,478)
Operating lease right-of-use liability (77,573) (150,329)
Accounts payable - trade and accrued expenses 542,937 (133,011)
NET CASH USED IN OPERATING ACTIVITIES (4,488,875) (9,573,764)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of research and development equipment 0 (66,352)
NET CASH USED IN INVESTING ACTIVITIES: 0 (66,352)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of note payable (480,000) 0
Proceeds from debt offering 200,000 3,805,699
Proceeds from Original Issuance Notes 246,000 0
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 1,284,623 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,550,623 3,746,354
NET DECREASE IN CASH AND CASH EQUIVALENTS (2,938,252) (5,893,762)
CASH AND CASH EQUIVALENTS, beginning of period 3,110,755 8,023,716
CASH AND CASH EQUIVALENTS, end of period 172,503 2,129,954
Supplemental disclosures of cash flow information:    
Interest paid 41,000 0
Taxes paid 0 0
Supplemental disclosure of non-cash financing activity:    
Deemed dividends on Series C, D and H Preferred Stock 2,214,375 262,283
Common stock issued for debt payment 1,598,597 240,000
Warrants issued for debt offering 0 1,536,743
Conversion of notes payable into Series H convertible preferred stock $ 1,886,401 $ 0

Source

10-Q PDF
XBRL