Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Sep. 30, 2016
Current assets:    
Cash $ 6,168,501 $ 5,036,476
Prepaid expenses and other current assets 151,292 107,784
Total current assets 6,319,793 5,144,260
Long-term assets:    
Property and equipment, net 3,458 0
Total long-term assets 3,458 0
Total assets 6,323,251 5,144,260
Current liabilities:    
Accounts payable 206,134 374,896
Accrued expenses and other liabilities 164,184 299,487
Accrued interest 0 304,770
Note payable, net of unamortized discount 0 899,627
Total current liabilities 370,318 1,878,780
Long-term liabilities:    
Long-term derivative liability 2,569,278 0
Note payable, net of unamortized discount and current portion 0 78,255
Accrued interest, net of current portion 0 26,230
Total long-term liabilities 2,569,278 104,485
Total liabilities 2,939,596 1,983,265
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value, 300,000,000 shares authorized, 150,769,042 and 136,657,075 shares issued and outstanding as of June 30, 2017 and September 30, 2016, respectively 147,019 134,432
Additional paid-in capital 29,997,900 24,741,153
Accumulated deficit (26,761,264) (21,714,590)
Total stockholders’ equity 3,383,655 3,160,995
Total liabilities and stockholders' equity $ 6,323,251 $ 5,144,260