Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net loss $ (11,430,321) $ (7,941,505)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 715,952 353,876
Warrants issued for services   8,559
Stock option expense 1,724,375 2,269,785
Change in fair value of contingent consideration 1,251,926 (3,102,807)
Share in losses on investment in joint venture   67,861
Depreciation 31,494 24,866
Amortization of intangible assets 562,322 576,018
Impairment of Intangibles   338,906
Gain on settlement of accounts payable (710,264)  
Changes in operating assets and liabilities    
Prepaid expenses and deposits 98,009 (419,991)
Accounts payable and accrued expenses 987,180 1,018,156
Net Cash Used in Operating Activities (6,769,327) (6,806,276)
INVESTING ACTIVITIES    
Investment in joint venture   (100,000)
Purchase of property and equipment (12,103) (86,891)
Net Cash Used in Investing Activities (12,103) (186,891)
FINANCING ACTIVITIES    
Proceeds for issuance of common stock for cash   26,582,998
Proceeds from warrants exercised for cash 13,540 80,005
Repayments of short-term notes payable (48,063) (67,068)
Net Cash Provided by (Used in) Financing Activities (34,523) 26,595,935
NET CHANGE IN CASH (6,815,953) 19,602,768
CASH AT BEGINNING OF PERIOD 28,697,323 13,220,494
CASH AT END OF PERIOD $ 21,881,370 32,823,262
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION CASH PAID FOR:    
Interest   1,533
Income Taxes  
NON CASH FINANCING ACTIVITIES:    
Settlement of contingent consideration $ 2,061,136  
Financing of insurance premiums through issuance of short term notes $ 215,810 212,400
Common stock issued to settle accounts payable   $ 50,000