v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
OPERATING EXPENSES        
General and administrative $ 2,721,640 $ 2,739,021 $ 5,363,110 $ 5,293,701
Research and development 3,174,129 1,616,009 5,194,053 2,843,695
TOTAL OPERATING EXPENSES 5,895,769 4,355,030 10,557,163 8,137,396
LOSS FROM OPERATIONS (5,895,769) (4,355,030) (10,557,163) (8,137,396)
OTHER INCOME (EXPENSE)        
Interest expense (6,460) (342) (16,197) (1,653)
Interest income 9,466   9,466  
Change in fair value of warrant liabilities 90,597 69,944 720,709 (624,190)
Equity in losses on equity method investment (36,127) (92,842) (61,539) (117,351)
Other income (expense) 316,724   316,724 (3,230)
Total other income (expenses), net 374,200 (23,240) 969,163 (746,424)
NET LOSS $ (5,521,569) $ (4,378,270) $ (9,588,000) $ (8,883,820)
BASIC AND DILUTED LOSS PER SHARE (in dollars per share) $ (0.24) $ (0.26) $ (0.41) $ (0.52)
WEIGHTED AVERAGE SHARES OUTSTANDING:        
BASIC AND DILUTED 23,179,646 17,075,875 23,176,877 17,073,765

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