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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Sep. 30, 2020
Current Assets:    
Cash and cash equivalents $ 70,072,946 $ 13,859,748
Prepaid expenses 2,741,404 122,237
Total Current Assets 72,814,350 13,981,985
Property and equipment, net 7,023 1,577
Operating lease right-of-use asset, net 822,828 986,204
Other Assets:    
Deposits 38,062 57,093
In-process research and development 59,400,000 19,400,000
Goodwill 9,346,796 9,346,796
Total Other Assets 68,784,858 28,803,889
Total Assets 142,429,059 43,773,655
Current Liabilities:    
Accounts payable 1,277,095 1,856,235
Accrued expenses 621,960 164,040
Accrued compensation 1,906,000 1,654,919
Accrued interest 89,970
Notes payable – related parties 172,970
Operating lease liability 177,237 158,999
Total Current Liabilities 3,982,292 4,097,133
Note payable – paycheck protection program 164,583
Deferred tax liability 4,985,800 4,985,800
Operating lease liability – non current 678,234 855,471
Total Liabilities 9,646,326 10,102,987
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock - $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock - $0.001 par value; 400,000,000 shares authorized; 145,979,429 and 55,576,996 shares issued and outstanding at September 30, 2021 and 2020, respectively 145,979 55,577
Additional paid-in capital 228,084,195 104,208,958
Accumulated deficit (96,047,821) (70,593,867)
Total Citius Pharmaceuticals, Inc. Stockholders’ Equity 132,182,353 33,670,668
Non-controlling interest 600,380
Total Equity 132,782,733 33,670,668
Total Liabilities and Equity $ 142,429,059 $ 43,773,655