XML 15 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net loss $ (13,073,768) $ (5,427,661)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 33,842 16,627
Stock-based compensation 1,503,141 421,285
Non-cash interest on convertible notes 5,616,858 51,333
Non-cash discount amortization on convertible notes 233,224
Fair value change of convertible notes (1,175,685)
Revaluation of premium conversion derivatives and warrant liability 129,763
Issuance costs attributed to financing activities 1,829,912
Loss on notes extinguishment 2,017,847 553,447
Lease liability principal payment (9,335)  
Non-cash lease expense 9,335  
Change in assets and liabilities:    
Prepaid and other assets (39,163) (46,502)
Accounts payable and other accrued liabilities (410,954) (184,555)
Net cash used in operating activities (3,697,970) (4,253,039)
Investing activities    
Purchase of fixed assets and intangible assets (66,068) (118,952)
Net cash used in investing activities (66,068) (118,952)
Financing activities    
Proceeds from issuance of convertible promissory notes 8,357,500
Issuance costs related to convertible notes (1,050,900)
Proceeds from unsecured loans 245,000
Proceeds from issuance of common stock in connection with private placements 255,000 4,476,583
Proceeds from issuance of warrants in connection with private placements 1,678,865
Proceeds from paycheck protection program 83,333
Exercise of warrants 416,333
Exercise of stock options 2,679 6,250
Repayment of unsecured loans (528,000)
Issuance costs related to private placements (320,366) (689,494)
Net cash provided by financing activities 7,327,246 5,605,537
Net increase in cash 3,563,208 1,233,546
Cash at beginning of period 260,749 13,260
Cash at end of period 3,823,957 1,246,806
Supplemental non-cash financing and investing transactions:    
Conversion of convertible promissory notes to equity 8,088,951 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 82,338 257,941
Broker warrants issued in connection with convertible notes 696,674
Operating lease right of use asset obtained in exchange for operating lease 335,119
Stock-based compensation liability reclassification to equity $ 11,153