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 ($)
 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net loss $ (19,130,062) $ (11,287,502)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 1,237,064 506,928
Stock option expense 2,335,197 2,902,558
Change in fair value of contingent consideration 1,356,770 (3,123,766)
Share in losses on investment in joint venture 97,949
Depreciation 48,012 28,082
Amortization of intangible assets 841,947 855,877
Impairment of Intangibles   338,906
Gain on settlement of accounts payable (710,264)  
Changes in operating assets and liabilities    
Prepaid expenses and deposits 322,544 (379,010)
Accounts payable and accrued expenses 2,745,372 1,575,997
Net Cash Used in Operating Activities (10,953,420) (8,483,981)
INVESTING ACTIVITIES    
Investment in joint venture (100,000)
Purchase of property and equipment (13,306) (182,845)
Net Cash Used in Investing Activities (13,306) (282,845)
FINANCING ACTIVITIES    
Proceeds for issuance of common stock for cash 26,582,998
Proceeds from warrants exercised for cash 26,041 80,003
Repayments of short-term notes payable (132,918) (137,050)
Net Cash Provided by/(Used in) Financing Activities (106,877) 26,525,951
NET CHANGE IN CASH (11,073,603) 17,759,125
CASH AT BEGINNING OF PERIOD 28,697,323 13,220,494
CASH AT END OF PERIOD 17,623,720 30,979,619
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION CASH PAID FOR:    
Interest 4,262 3,924
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