General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.2.0.727
Consolidated Statements of Cash Flows - Entity [Domain] - USD ($)
 9 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:        
Net Loss $ (1,850,066) $ (8,777,837) $ (8,142,823) $ (1,853,791)
Adjustments to reconcile net loss to cash used in operating activities:        
Depreciation Expense 0 322 322 586
Stock-based compensation 859,627 748,600 1,101,286 287,927
Noncash interest expense on notes payable 212,332 83,295 111,059 0
Issuance of common stock for services 8,625 77,625 94,875 0
Gain on exercise of warrants (299,321) 0    
Loss on warrant derivative modification, net of inducement shares 996,813 0    
Decrease to fair value of derivative (2,924,064) (2,069,693)    
Non cash expense for issuance of warrants 0 7,541,693 3,420,000 0
Other noncash adjustments 0 92,500 92,500 (92)
Noncash interest expense on convertible notes payable     0 82,147
Noncash interest expense on notes payable to related party     0 25,599
Repayment of accrued interest to related party     0 (98,288)
(Increase) decrease in:        
Prepaid expenses and other current assets (621) (2,515) (13,779) (16,321)
Other Assets     0 (10,062)
Increase (decrease) in:        
Accounts payable 323,850 (148,758) (138,937) 56,343
Accrued expenses and other liabilities 46,069 75,270 126,995 91,332
Net cash used in operating activities (2,626,756) (2,379,498) (3,348,502) (1,434,620)
Cash flows from investing activities:     0 0
Cash flows from financing activities:        
Proceeds from exercise of warrants 1,251,000 0    
Proceeds from issuance of common stock and warrants 3,066,000 2,624,703 2,624,703 2,000,000
Repayment of notes payable to related party     0 (275,200)
Proceeds from issuance of convertible notes 750,000 0 0 250,000
Proceeds from issuance of notes payable 0 1,000,000 1,000,000 0
Net cash provided by financing activities 5,067,000 3,624,703 3,624,703 1,974,800
Net incerease in cash and cash equivalents 2,440,244 1,245,205 276,201 540,180
Cash and cash equivalents, beginning of period 833,520 557,319 557,319 17,139
Cash and cash equivalents, end of period 3,273,764 1,802,524 833,520 557,319
Cash paid during the period for:        
Interest     0 98,288
Debt with warrants issued for promissory note receivable     0 1,000,000
Exchange of convertible notes and related accrued interest for common stock     0 2,470,022
Fully depreciated fixed assets disposed of     $ 2,066 $ 0
Non-cash financing activities        
Issuance of Inducement shares $ 100,050 $ 0