Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (4,150,791) $ (2,702,533)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation 1,209 1,043
Stock-based compensation 25,909 172,550
Gain on extinguishment of derivative liabilities 0 1,158,197
Accretion of discount and debt issuance costs on convertible notes payable 1,437,588 846,147
Changes in operating asset and liabilities:    
Inventory 34,911 12,464
Prepaid expenses and other current assets 185,707 280,058
Accounts payable 665,314 1,097,894
Accrued interest 341,793 313,356
Accrued expenses and other liabilities (104,404) (112,713)
Net cash used in operating activities (1,562,764) (1,249,931)
Cash flows from financing activities:    
Repayment of insurance premium financing (208,530) (212,514)
Shareholder advances related to bridge financing 1,125,000 230,000
Proceeds from unsecured convertible notes 450,000 515,000
Net cash provided by financing activities 1,366,470 532,486
Net decrease in cash (196,294) (717,445)
Cash, beginning of year 222,720 746,940
Cash, end of period 26,426 29,495
Non-cash financing activities:    
Exchange of Series G and Series H warrants for common stock 0 49,278
Issuance of restricted stock 0 3,019
Fourth Warrants [Member]    
Non-cash financing activities:    
Fair value of warrants issued – fourth close 148,891 0
Second Warrants [Member]    
Non-cash financing activities:    
Fair value of warrants issued – fourth close 0 256,439
Fair value of inducement shares issued - second close 0 25,840
Placement Agent Warrants [Member]    
Non-cash financing activities:    
Fair value of warrants issued – fourth close 0 28,093
Conversion of Series 2 Convertible Notes and Interest Into Common Stock [Member]    
Non-cash financing activities:    
Debt Conversion, Converted Instrument, Amount 606,239 0
Conversion of Shareholder Advance Into Unsecured Convertible Note [Member]    
Non-cash financing activities:    
Debt Conversion, Converted Instrument, Amount $ 606,239 $ 0