v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
Mar. 31, 2025 |
Mar. 31, 2024 |
|
| OPERATING EXPENSES- | ||||
| RESEARCH AND DEVELOPMENT EXPENSES | $ 418,207 | $ 2,175,245 | $ 1,220,309 | $ 3,661,633 |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 1,789,315 | 2,550,848 | 3,754,448 | 4,538,657 |
| Total operating expenses | 2,207,522 | 4,726,093 | 4,974,757 | 8,200,290 |
| OPERATING LOSS | (2,207,522) | (4,726,093) | (4,974,757) | (8,200,290) |
| OTHER INCOME (EXPENSE), NET | ||||
| Interest income | 2,531 | 45,243 | 16,355 | 96,253 |
| Interest expense | (1,374,045) | (716,814) | (2,557,844) | (740,251) |
| Loss on debt settlements | 0 | 0 | (728,298) | 0 |
| Total other expense, net | (1,371,514) | (671,571) | (3,269,787) | (643,998) |
| LOSS BEFORE INCOME TAXES | (3,579,036) | (5,397,664) | (8,244,544) | (8,844,288) |
| Income tax expense | 0 | 0 | 0 | 0 |
| NET LOSS | (3,579,036) | (5,397,664) | (8,244,544) | (8,844,288) |
| Deemed dividends on Series C and D Preferred Stock | (23,662) | (98,609) | (56,214) | (162,238) |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | $ (3,602,698) | $ (5,496,273) | $ (8,300,758) | $ (9,006,526) |
| Basic and diluted loss per share | $ (1.24) | $ (2.69) | $ (2.95) | $ (4.42) |
| Weighted average shares of common stock outstanding- basic and diluted (1) | 2,909,985 | 2,044,153 | 2,809,757 | 2,035,706 |
| X | ||||||||||
- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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