Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
shares in Thousands
Sep. 30, 2023
Sep. 30, 2022
Current assets:    
Cash $ 222,720 $ 746,940
Inventory 1,364,504 1,414,848
Prepaid expenses and other current assets 362,866 436,407
Total current assets 1,950,090 2,598,195
Long-term assets:    
Property and equipment, net 4,599 2,044
Other assets 3,500 3,500
Total long-term assets 8,099 5,544
Total assets 1,958,189 2,603,739
Current liabilities:    
Accounts payable 2,304,207 1,328,000
Accrued expenses and other liabilities 467,496 318,505
Accrued interest, current portion 823,128 127,781
Derivative liability, current portion 0 748,275
Total current liabilities 9,465,921 3,320,494
Long-term liabilities:    
Accrued interest, long-term 0 204,575
Derivative liability, long-term 0 459,200
Total long-term liabilities 0 3,476,048
Total liabilities 9,465,921 $ 6,796,542
Commitments and Contingencies  
Stockholders’ equity (deficit):    
Preferred Stock, Shares Issued (in shares) 0 0
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding as of September 30, 2023 and 2022 $ 0 $ 0
Common stock, $0.001 par value, 350,000,000 and 4,000,000 shares authorized as of September 30, 2023 and 2022, 4,689,446 and 1,252,734 shares issued and outstanding as of September 30, 2023 and 2022 4,689 1,252
Additional paid-in capital 54,543,188 50,878,718
Accumulated deficit (62,055,609) (55,072,773)
Total stockholders’ deficit (7,507,732) (4,192,803)
Total liabilities and stockholders’ deficit 1,958,189 2,603,739
Insurance Premium Financing [Member]    
Current liabilities:    
Insurance premium financing 243,285 247,933
Senior Secured Convertible Notes [Member]    
Current liabilities:    
Current Portion of convertible note 3,519,103 0
Long-term liabilities:    
Noncurrent portion of convertible note 0 1,662,492
Unsecured Convertible Notes [Member]    
Current liabilities:    
Current Portion of convertible note 1,658,702 0
Long-term liabilities:    
Noncurrent portion of convertible note 0 699,781
Convertible Notes Payable Series Two [Member]    
Current liabilities:    
Current Portion of convertible note 450,000 550,000
Long-term liabilities:    
Convertible notes payable, Series 2, unsecured, long-term $ 0 $ 450,000