Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (2,430,275) $ (1,166,185)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation 3,561 1,854
Stock-based compensation 815,614 950,884
Issuance of restricted stock for services 21,500 0
Decrease to fair value of derivative (844,915) (2,430,033)
(Increase) decrease in:    
Prepaid expenses and other current assets (301,278) 15,486
Increase (decrease) in:    
Accounts payable 14,658 52,618
Accrued expenses and other liabilities (22,415) (94,172)
Net cash used in operating activities (2,743,550) (2,669,548)
Cash flows from investing activities:    
Purchases of property and equipment 0 (9,894)
Net cash used in investing activities 0 (9,894)
Cash flows from financing activities:    
Proceeds from exercise of warrants 0 63,388
Proceeds from exercise of stock options 32,400 0
Net cash provided by financing activities 32,400 63,388
Net decrease in cash (2,711,150) (2,616,054)
Cash, beginning of year 4,667,410 5,994,052
Cash, end of period 1,956,260 3,377,998
Non-cash financing activities:    
Exercise of stock options - cashless 477 117
Restricted stock - vested $ 3,567 $ 0