Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
OPERATING EXPENSES      
General and administrative $ 7,509,601 $ 4,287,205 $ 1,775,857
Research and development 8,777,519 4,369,413 2,753,914
Depreciation and amortization 1,179,254 466,306 91,145
Impairment of intangibles 338,906    
OPERATING LOSS 17,805,280 9,122,924 4,620,916
OTHER INCOME (EXPENSE)      
Interest expense (5,977) (5,576) (4,689)
Change in derivative liability     (1,117,642)
Change in fair value of contingent consideration 2,637,756    
Share in losses on investment in joint venture (103,143) (10,643)  
Royalty income 35,813    
Other income and expense 42,966 8,479 90,759
Total Other Income (Expense) 2,607,415 (7,740) (1,031,572)
LOSS FROM OPERATIONS BEFORE INCOME TAXES (15,197,865) (9,130,664) (5,652,488)
NET LOSS $ (15,197,865) $ (9,130,664) $ (5,652,488)
BASIC AND DILUTED LOSS PER SHARE $ (0.54) $ (0.41) $ (0.30)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:      
BASIC AND DILUTED 28,404,405 22,141,538 18,707,759