XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net loss $ (30,996,623) $ (28,348,675)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 7,946,529 9,198,340
Issuance of common stock for services 284,175
Amortization of operating lease right-of-use asset 152,212 154,494
Depreciation 1,432
Deferred income tax expense 792,720 432,000
Changes in operating assets and liabilities:    
Inventory (8,940,201)
Prepaid expenses 1,386,824 (2,205,091)
Accounts payable 5,166,831 (1,263,998)
Accrued expenses 8,506,648 74,185
Accrued compensation 1,481,023 (454,315)
Operating lease liability (167,911) (161,234)
Net Cash Used In Operating Activities (14,671,948) (22,288,687)
Cash Flows From Financing Activities:    
Net proceeds from common stock offerings 16,509,194 13,718,951
Proceeds from sale of Series A preferred stock 100
Redemption of Series A preferred stock (100)
Proceeds from note payable and advance from employee 1,300,000
Repayment of advance from employee (300,000)
Net Cash Provided By Financing Activities 17,509,194 13,718,951
Net Change in Cash and Cash Equivalents 2,837,246 (8,569,736)
Cash and Cash Equivalents - Beginning of Period 3,251,880 26,480,928
Cash and Cash Equivalents - End of Period 6,089,126 17,911,192
Supplemental Disclosures of Cash Flow Information and Non-cash Transactions:    
Operating lease right-of-use asset and liability recorded $ 786,697