XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net loss $ (8,967,515) $ (8,724,370)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 182,664 136,757
Stock-based compensation 1,004,105 834,211
Amortization of discounts and premiums on short-term investments (45,571)
Non-cash lease expense 86,611 81,567
Change in assets and liabilities:    
Accounts receivable (410,551) 33,237
Inventory (66,746) (811,989)
Prepaids and other assets 2,269 85,022
Accounts payable 44,787 (62,808)
Accrued expenses, deferred revenue, operating leases and other liabilities (220,581) (1,510,104)
Net cash used in operating activities (8,344,957) (9,984,048)
Investing activities    
Purchases of short-term investments (1,473,419)
Maturities of short-term investments 4,500,000
Payments for purchase of property and equipment (83,292) (326,497)
Net cash (used in) provided by investing activities (83,292) 2,700,084
Financing activities    
Proceeds from issuance of common stock attributed to the at-the-market offering 5,033,906 2,552,656
Issuance costs related to the at-the-market offering (236,599) (234,725)
Share repurchases for the payment of employee taxes (71,574) (110,838)
Net cash provided by financing activities 4,725,733 2,207,093
Net decrease in cash and cash equivalents (3,702,516) (5,076,871)
Cash and cash equivalents at beginning of period 5,322,493 8,160,329
Cash and cash equivalents at end of period 1,619,977 3,083,458
Supplemental non-cash financing and investing transactions:    
Modification of right-of-use asset and associated lease liability 199,385 97,536
Unpaid deferred issuance costs (offset in prepaids and other assets) 67,159
Purchased property and equipment in accounts payable $ 34,000 $ 26,798