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

Condensed Consolidated Balance Sheets

v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Sep. 30, 2023
Sep. 30, 2022
Current assets:      
Cash $ 26,426 $ 222,720 $ 746,940
Inventory 1,329,593 1,364,504 1,414,848
Prepaid expenses and other current assets 177,158 362,866 436,407
Total current assets 1,533,177 1,950,090 2,598,195
Long-term assets:      
Property and equipment, net 3,390 4,599 2,044
Other assets 3,500 3,500 3,500
Total long-term assets 6,890 8,099 5,544
Total assets 1,540,067 1,958,189 2,603,739
Current liabilities:      
Accounts payable 2,969,520 2,304,207 1,328,000
Accrued expenses and other liabilities 363,092 467,496 318,505
Accrued interest 1,026,963 823,128 127,781
Derivative liability, current portion   748,275
Total current liabilities 12,417,551 9,465,921 3,320,494
Long-term liabilities:      
Accrued interest, long-term   204,575
Derivative liability, long-term   459,200
Total long-term liabilities   3,476,048
Total liabilities   9,465,921 6,796,542
Commitments and contingencies
Stockholders’ deficit:      
Preferred stock
Common stock 4,444 4,689 1,252
Additional paid-in capital 55,324,472 54,543,188 50,878,718
Accumulated deficit (66,206,400) (62,055,609) (55,072,773)
Total stockholders’ deficit (10,877,484) (7,507,732) (4,192,803)
Total liabilities and stockholders’ deficit 1,540,067 1,958,189 2,603,739
Bridge Financing [Member].      
Current liabilities:      
Shareholders advances related to bridge financing 1,125,000
Insurance Premium Financing [Member]      
Current liabilities:      
Insurance premium financing 34,755 243,285 247,933
Senior Secured Convertible Notes [Member]      
Current liabilities:      
Current portion of convertible note 4,211,720 3,519,103
Long-term liabilities:      
Noncurrent portion of convertible note   1,662,492
Unsecured Convertible Notes [Member]      
Current liabilities:      
Current portion of convertible note 2,686,501 1,658,702
Long-term liabilities:      
Noncurrent portion of convertible note   699,781
Convertible Notes Payable Series Two [Member]      
Current liabilities:      
Current portion of convertible note 450,000 550,000
Long-term liabilities:      
Noncurrent portion of convertible note   $ 450,000