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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net loss $ (39,425,839) $ (32,542,912)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 11,839,678 6,616,705
Issuance of common stock for services 284,176 102,000
Amortization of operating lease right-of-use asset 208,179 191,648
Depreciation 1,432 2,668
Deferred income tax expense 576,000 576,000
Changes in operating assets and liabilities:    
Inventory (2,133,871)
Prepaid expenses (945,389) (5,036,926)
Accounts payable 1,999,877 1,761,956
Accrued expenses (459,273) (929,094)
Accrued compensation 72,035 394,732
Operating lease liability (218,380) (196,989)
Net Cash Used In Operating Activities (28,201,375) (29,060,212)
Cash Flows From Investing Activities:    
License payment (5,000,000)
Net Cash Used In Investing Activities (5,000,000)
Cash Flows From Financing Activities:    
Proceeds from common stock option exercises 31,267
Merger, net (3,831,357)  
Net proceeds from registered direct offerings 13,803,684 13,798,183
Net Cash Provided By Financing Activities 9,972,327 13,829,450
Net Change in Cash and Cash Equivalents (23,229,048) (15,230,762)
Cash and Cash Equivalents – Beginning of Year 26,480,928 41,711,690
Cash and Cash Equivalents – End of Year 3,251,880 26,480,928
Supplemental Disclosures of Cash Flow Information and Non-cash Activities:    
IPR&D Milestones included in License Payable 28,400,000
Prepaid Manufacturing transferred to Inventory $ 6,134,895