XML 52 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (5,982,708) $ (3,564,714)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 20,965 10,622
Stock-based compensation 1,119,458 189,197
Non-cash interest on convertible notes 1,831,940 51,333
Non-cash discount amortization on convertible notes 233,224
Revaluation of convertible notes 93,858
Revaluation of premium conversion derivatives and warrant liability 129,763
Issuance costs attributed to financing activities 865,567
Loss on notes extinguishment 553,447
Lease liability principal payment deferral 4,038  
Right-of-use asset depreciation adjustment (4,038)  
Change in assets and liabilities:    
Prepaid and other assets (40,303) (74,574)
Accounts payable and other accrued liabilities (383,855) (104,578)
Net cash used in operating activities (2,475,078) (2,576,280)
Investing activities    
Purchase of fixed assets and intangible assets (40,224) (65,000)
Net cash used in investing activities (40,224) (65,000)
Financing activities    
Proceeds from issuance of convertible promissory notes 3,234,800
Issuance costs related to convertible notes (417,176)
Proceeds from unsecured loans 245,000
Proceeds from issuance of common stock in connection with private placements 255,000 3,768,032
Proceeds from issuance of warrants in connection with private placements 1,416,915
Exercise of warrants   416,333
Exercise of stock options 1,488 3,273
Repayment of unsecured loans (299,000)
Issuance costs related to private placements (72,315) (617,134)
Net cash provided by financing activities 3,001,797 4,933,419
Net increase in cash 486,495 2,292,139
Cash at beginning of period 260,749 13,260
Cash at end of period 747,244 2,305,399
Supplemental non-cash financing and investing transactions:    
Conversion of convertible promissory notes to equity 1,678,361
Exercise of premium conversion derivative liability 419,590
Reclassification of warrant liability to equity 835,723
Unpaid issuance costs attributed to convertible notes and private placement 28,756 230,959
Broker warrants issued in connection with convertible notes 419,635
Purchased fixed assets in accounts payable and accrued expenses 2,500
Operating lease right of use asset obtained in exchange for operating lease $ 335,119