Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net loss $ (13,236,900) $ (23,810,996)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 145,301 818,231
Stock option and warrant expense 877,751 1,293,932
Depreciation 10,220 45,072
Amortization of intangible assets 1,114,349 1,120,617
Gain on settlement of liabilities (1,228,805) (70,757)
Gain on sale of property and equipment 17,814 1,349
Loss on sale of intangible asset (460,383)  
Loss on Impairment of goodwill and intangible assets 6,054,552  
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 310,617 657,366
Accounts payable and accrued expenses (3,096,939) 654,214
Net Cash Used in Operating Activities (9,492,423) (19,290,972)
INVESTING ACTIVITIES    
Purchase of property and equipment   (4,833)
Proceeds from sale of property and equipment and intangible assets 528,038 93,285
Net Cash Provided by Investing Activities 528,038 88,452
FINANCING ACTIVITIES    
Proceeds for issuance of common stock for cash   19,580,651
Proceeds from warrants exercised for cash 270,000 118,801
Repayments of short-term notes payable (356,264) (242,737)
Net Cash Provided by/(Used in) Financing Activities (86,264) 19,456,715
NET CHANGE IN CASH (9,050,649) 254,195
CASH AT BEGINNING OF PERIOD 12,801,085 12,546,890
CASH AT END OF PERIOD 3,750,436 12,801,085
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 10,206 8,617
Income Taxes  
NON CASH FINANCING ACTIVITIES:    
Financing of insurance premiums through issuance of short term notes 323,094 261,326
Subscriptions receivable from exercise of warrants  
Stock cancellation related to employee resignation   $ 2