XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net loss $ (1,959,480) $ (4,637,066)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 18,736 9,898
Stock-based compensation 245,829 587,677
Non-cash interest on convertible notes 1,831,940
Issuance costs attributed to financing activities 3,053 865,567
Revaluation of convertible notes (1,974) 125,574
Non-cash lease expense 13,848 9,870
Change in assets and liabilities:    
Accounts receivable (71,474)
Inventory (13,816)
Prepaid and other assets (7,253) (6,827)
Accounts payable (243,017) 6,669
Accrued expenses, deferred revenue, operating lease and other liabilities 111,316 (18,148)
Net cash used in operating activities (1,904,232) (1,224,846)
Investing activities    
Purchase of fixed assets (10,271)
Net cash used in investing activities (10,271)
Financing activities    
Proceeds from issuance of convertible promissory notes 3,234,800
Issuance costs related to convertible notes (3,053) (417,176)
Proceeds from issuance of common stock in connection with private placements 255,000
Proceeds from advance related to future financing 5,000,000
Issuance costs related to private placements (53,954)
Net cash provided by financing activities 4,996,947 3,018,670
Net increase in cash 3,092,715 1,783,553
Cash at beginning of period 4,036,397 260,749
Cash at end of period 7,129,112 2,044,302
Supplemental non-cash financing and investing transactions:    
Conversion of convertible notes into equity 1,005,232
Unpaid issuance costs attributed to convertible notes and private placement 50,400 28,756
Broker warrants issued in connection with convertible notes 419,635
Purchased fixed assets in accounts payable and accrued expenses 10,271
Operating lease right of use asset obtained in exchange for operating lease $ 335,119