XML 19 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONDENSED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 4,614,115 $ 4,738,173
Prepaid expenses 373,069 294,097
Supplies used for R&D and manufacturing 863,104 1,019,908
Deposits 7,500 3,500
Total current assets 5,857,788 6,055,678
Finance lease right-of-use assets 6,899,819 7,350,364
Operating lease right-of-use assets 1,442,619 1,495,937
Property and equipment, net 7,592,663 8,129,753
Patent costs, net 148,394 165,492
Deposits 2,319,101 2,319,101
Supplies used for R&D and manufacturing 1,438,403 1,475,441
Total assets 25,698,787 26,991,766
Current liabilities:    
Accounts payable 1,999,214 1,448,467
Accrued expenses 621,601 566,042
Due to employees 558,103 363,306
Finance lease obligation, current portion 2,074,490 2,010,995
Operating lease obligation, current portion 226,155 226,969
Total current liabilities 5,479,563 4,615,779
Finance lease obligations, net of current portion 7,412,252 7,957,925
Operating lease obligations, net of current portion 1,373,340 1,425,979
Other liabilities 125,000 125,000
Total liabilities 14,390,155 14,124,683
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; 200,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.01 par value; 600,000,000 shares authorized; 74,084,041 and 63,787,104 shares issued and outstanding at December 31, 2024 and September 30, 2024, respectively 730,839 637,870
Additional paid-in capital 531,662,716 526,241,074
Accumulated deficit (521,084,923) (514,011,861)
Total stockholders' equity 11,308,632 12,867,083
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 25,698,787 $ 26,991,766