v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net loss $ (3,173,647) $ (6,881,153)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services   145,301
Stock option and warrant expense 213,739 804,374
Depreciation 7,236 7,877
Amortization of intangible assets 489,701 834,642
Gain on settlement of liabilities   1,228,805
Loss on sale of property and equipment   17,814
Gain on sale of intangible assets   (460,383)
Loss on impairment of goodwill 740,912 740,912
Accounts receivable (2,800)  
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 117,297 165,533
Accounts payable and accrued expenses 99,920 (5,499,525)
Net Cash Used in Operating Activities (2,248,554) (8,895,803)
INVESTING ACTIVITIES    
Purchase of property and equipment (4,069)  
Proceeds from sale of property, equipment and intangible assets   508,078
Net Cash (Used in) Provided by Investing Activities (4,069) 508,078
FINANCING ACTIVITIES    
Proceeds from warrants exercised for cash   270,000
Repayments of short-term notes payable (73,217) (247,933)
Net Cash Provided by/ (Used in) Financing Activities (73,217) 22,067
NET CHANGE IN CASH (2,325,840) (8,365,658)
CASH AT BEGINNING OF PERIOD 3,750,436 12,801,085
CASH AT END OF PERIOD 1,424,596 4,435,427
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION CASH PAID FOR:    
Interest 779 7,540
Income Taxes  
NON CASH FINANCING ACTIVITIES:    
Financing of insurance premiums through issuance of short term notes   $ 323,904

Source