Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES    
Net loss $ (6,975,654) $ (6,145,462)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 440,052 137,424
Stock option expense 566,573 316,819
Change in fair value of contingent consideration   2,557,549
Depreciation 15,736 15,042
Amortization of intangible assets 282,699 282,698
Changes in operating assets and liabilities    
Prepaid expenses and deposits 247,926 (1,439,033)
Accounts payable and accrued expenses (507,793) 948,522
Net Cash Used in Operating Activities (5,930,461) (3,326,441)
INVESTING ACTIVITIES    
Purchase of property and equipment (4,833) (10,550)
Net Cash Used in Investing Activities (4,833) (10,550)
FINANCING ACTIVITIES    
Proceeds for issuance of common stock for cash, net 6,846,483  
Proceeds from warrants exercised for cash 118,801 13,540
Repayments of short-term notes payable (87,798) (48,063)
Net Cash Provided by/(Used in) Financing Activities 6,877,486 (34,523)
NET CHANGE IN CASH AND CASH EQUIVALENTS 942,192 (3,371,514)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 12,546,890 28,697,323
CASH AND CASH EQUIVALENTS AT END OF PERIOD 13,489,082 25,325,809
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest $ 1,320 406
NON CASH FINANCING ACTIVITIES:    
Settlement of contingent consideration   $ 2,061,136