XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (6,027,900) $ (11,981,680)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 166,161 161,911
Noncash lease expense 94,544 142,664
Stock option expense 2,059,634 6,496,304
Restricted stock award compensation 9,590 871,000
Property and equipment impairment 840,391
Sales allowance (2,003)
Loss on disposition of asset 12,618
Write-off of deferred offering costs 477,605
Loss from investment in unconsolidated affiliate 2,296 3,975
Change in operating assets and liabilities:    
Accounts receivable (91,648) (63,519)
Inventories (48,156) 4,079
Prepaid expenses and other current assets (432,286) 50,448
Other assets (25,527) (1,367)
Accounts payable 398,464 (7,529)
Deferred income 113,209 13,516
Lease liability – operating lease (91,525) (127,811)
Accrued expenses and other current liabilities (305,129) 200,805
Other non-current liabilities 11,627 730
Net cash used in operating activities (4,154,028) (2,920,481)
Investing activities:    
Purchase of equipment (165,689) (122,554)
Acquisition of Dripkit (373,832)
Net cash used in investing activities (539,521) (122,554)
Financing activities:    
Proceeds from issuance of common stock, exercise of options 12,600 9,180
Repayment of loans (28,047) (25,971)
Repayment of finance lease (11,870) (10,457)
Stock issuance costs (669,433)
Proceeds from issuance of common stock, ATM offering 88,426
Proceeds from issuance of common stock, exercise of warrants, net of issuance costs 1,702,596 14,370,717
Advances received on sale of equity securities 300,000
Net cash provided by financing activities 2,063,705 13,674,036
Effect of foreign exchange on cash 25,593 5,480
Net change in cash (2,604,251) 10,636,481
Cash, beginning of period 10,815,954 4,398,545
Cash, end of period 8,211,703 15,035,026
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,390 7,792
Cash paid for taxes 1,050
Non-cash transactions:    
ROU assets and liabilities added during the period 558,371
Common stock issued in acquisition of Dripkit 386,844
Stock issuance costs accrued $ 97,867