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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2021
Sep. 30, 2021
Current Assets:    
Cash and cash equivalents $ 65,421,424 $ 70,072,946
Prepaid expenses 2,523,552 2,741,404
Total Current Assets 67,944,976 72,814,350
Property and equipment, net 6,293 7,023
Operating lease right-of-use asset, net 779,949 822,828
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 137,516,076 142,429,059
Current Liabilities:    
Accounts payable 1,789,203 1,277,095
Accrued expenses 3,136,609 621,960
Accrued compensation 2,233,690 1,906,000
Operating lease liability 182,028 177,237
Total Current Liabilities 7,341,530 3,982,292
Deferred tax liability 4,985,800 4,985,800
Operating lease liability – non current 630,745 678,234
Total Liabilities 12,958,075 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; 146,029,630 and 145,979,429 shares issued and outstanding at December 31, 2021 and September 30, 2021, respectively 146,029 145,979
Additional paid-in capital 229,084,633 228,084,195
Accumulated deficit (105,273,041) (96,047,821)
Total Citius Pharmaceuticals, Inc. Stockholders’ Equity 123,957,621 132,182,353
Non-controlling interest 600,380 600,380
Total Equity 124,558,001 132,782,733
Total Liabilities and Equity $ 137,516,076 $ 142,429,059