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Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Sep. 30, 2021
Current Assets:    
Cash and cash equivalents $ 41,711,690 $ 70,072,946
Prepaid expenses 2,852,580 2,741,404
Total Current Assets 44,564,270 72,814,350
Property and equipment, net 4,100 7,023
Operating lease right-of-use asset, net 646,074 822,828
Other Assets:    
Deposits 38,062 38,062
In-process research and development 59,400,000 59,400,000
Goodwill 9,346,796 9,346,796
Total Other Assets 68,784,858 68,784,858
Total Assets 113,999,302 142,429,059
Current Liabilities:    
Accounts payable 1,165,378 1,277,095
Accrued expenses 1,405,394 621,960
Accrued compensation 1,762,251 1,906,000
Operating lease liability 196,989 177,237
Total Current Liabilities 4,530,012 3,982,292
Deferred tax liability 5,561,800 4,985,800
Operating lease liability – non current 481,245 678,234
Total Liabilities 10,573,057 9,646,326
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; 146,211,130 and 145,979,429 shares issued and outstanding at September 30, 2022 and 2021, respectively 146,211 145,979
Additional paid-in capital 232,368,121 228,084,195
Accumulated deficit (129,688,467) (96,047,821)
Total Citius Pharmaceuticals, Inc. Stockholders’ Equity 102,825,865 132,182,353
Non-controlling interest 600,380 600,380
Total Equity 103,426,245 132,782,733
Total Liabilities and Equity $ 113,999,302 $ 142,429,059