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

Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:            
Net loss $ (1,046,830) $ (1,529,905) $ (3,387,295) $ (4,475,305) $ (6,240,482) $ (4,691,377)
Adjustments to reconcile net loss to cash used in operating activities:            
Depreciation 799 799 2,397 1,788 2,587 6,926
Stock-based compensation     397,470 372,196 496,066 898,293
Decrease to fair value of derivative liability 0 0 (1,000,000) (108,944)    
Inventory obsolescence charge     248,073 181,988 181,988 60,385
Gain on forgiveness of loan 0 (178,229) 0 (178,229)    
Changes in operating assets and liabilities:            
Inventory     (582,572) (42,215) (307,760) (681,731)
Prepaid expenses and other current assets     223,854 (163,135) (91,668) 147,032
Accounts payable     1,288,130 (64,853) 66,033 (191,505)
Accrued interest     119,671 110,956 151,285 0
Accrued expenses and other liabilities     (96,370) (80,324)    
Net cash used in operating activities     (2,786,642) (4,446,077) (5,958,628) (5,044,755)
Cash flows from investing activities:            
Purchases of property and equipment     0 (3,275) (3,275) (2,455)
Net cash used in investing activities     0 (3,275) (3,275) (2,455)
Cash flows from financing activities:            
Proceeds received from advances from investors     575,000 0    
Proceeds received from series 2 convertible notes     0 1,050,000 1,050,000 550,000
Proceeds from issuance Common Stock and warrants, net of financing costs     0 6,219,233    
Net cash provided by financing activities     575,000 7,269,233 7,269,233 3,826,190
Net increase (decrease) in cash     (2,211,642) 2,819,881    
Cash, beginning of period     2,266,639 959,309 959,309  
Cash, end of period $ 54,977 $ 3,779,190 54,977 3,779,190 2,266,639 959,309
Non-cash financing activities:            
Issuance of restricted stock for services     $ 29,831 $ 103,750 $ 103,750 $ 93,500