Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Sep. 30, 2016
Current assets:    
Cash $ 5,994,052 $ 5,036,476
Prepaid expenses and other current assets 85,343 107,784
Total current assets 6,079,395 5,144,260
Long-term assets:    
Property and equipment, net 7,188 0
Other assets 3,500 0
Total long-term assets 10,688 0
Total assets 6,090,083 5,144,260
Current liabilities:    
Accounts payable 264,876 374,896
Accrued expenses and other liabilities 168,655 299,487
Accrued interest 0 304,770
Note payable, net of unamortized discount 0 899,627
Total current liabilities 433,531 1,878,780
Long-term liabilities:    
Long-term derivative liability 3,430,033 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 3,430,033 104,485
Total liabilities 3,863,564 1,983,265
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, $0.001 par value, 300,000,000 shares authorized, 153,692,857 and 136,657,075 shares issued and outstanding as of September 30, 2017 and September 30, 2016, respectively 149,943 134,432
Additional paid-in capital 31,580,022 24,741,153
Accumulated deficit (29,503,446) (21,714,590)
Total stockholders’ equity 2,226,519 3,160,995
Total liabilities and stockholders' equity $ 6,090,083 $ 5,144,260