Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.6.0.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
OPERATING EXPENSES      
General and administrative $ 7,656,327 $ 7,509,601 $ 4,287,205
Research and development 16,460,714 8,777,519 4,369,413
Depreciation and amortization 1,189,276 1,179,254 466,306
Gain on settlement of accounts payable (710,264)    
Impairment of Intangibles   338,906  
OPERATING LOSS 24,596,053 17,805,280 9,122,924
OTHER INCOME (EXPENSE)      
Change in fair value of contingent consideration (1,185,667) 2,637,756  
Share in losses on investment in joint venture   (103,143) (10,643)
Other income and expense 3,419 42,966 8,479
Interest income (expense), net 12,103 (5,977) (5,576)
Royalty income   35,813  
Total Other Income (Expense) (1,170,145) 2,607,415 (7,740)
LOSS FROM OPERATIONS BEFORE INCOME TAXES (25,766,198) (15,197,865) (9,130,664)
NET LOSS $ (25,766,198) $ (15,197,865) $ (9,130,664)
BASIC AND DILUTED LOSS PER SHARE (in dollars per share) $ (0.82) $ (0.54) $ (0.41)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:      
BASIC AND DILUTED (in shares) 31,349,223 28,404,405 22,141,538