Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Sep. 30, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 29,846,825 $ 52,893,387
Prepaid insurance 460,804 499,061
Other prepaid expenses and current assets 1,314,057 1,536,186
Total current assets 31,621,686 54,928,634
EQUIPMENT, net 2,351,286 2,463,882
OTHER ASSETS    
Investment 0 415,744
Right-of-use asset, operating lease asset 5,750,602 5,945,295
Security deposit 273,215 253,615
Other long-term assets 0 160,423
Total other assets 6,023,817 6,775,077
TOTAL ASSETS 39,996,789 64,167,593
CURRENT LIABILITIES    
Accounts payable 1,655,789 1,807,885
Accrued expenses and other current liabilities 1,868,860 1,747,746
Insurance note payable 0 148,385
Operating lease liabilities 560,252 382,576
Finance lease liabilities 115,652 107,632
Total current liabilities 4,200,553 4,194,224
Long-term operating lease liability 5,463,797 5,794,096
Long-term finance lease liability 20,108 109,500
TOTAL LIABILITIES 9,684,458 10,097,820
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2022 and September 30, 2021 0 0
Common stock, $0.0001 par value; 250,000,000 shares authorized; 32,258,657 and 32,721,493 shares issued and outstanding as of June 30, 2022 and September 30, 2021, respectively 3,225 3,272
Additional paid-in capital 125,421,571 123,034,404
Accumulated deficit (95,112,465) (68,967,903)
Total stockholders' equity 30,312,331 54,069,773
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 39,996,789 $ 64,167,593