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, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net loss $ (14,665,726) $ (11,430,321)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 633,697 715,952
Stock option expense 846,270 1,724,375
Change in fair value of contingent consideration   1,251,926
Depreciation 31,060 31,494
Amortization of intangible assets 559,250 562,322
Gain on settlement of accounts payable   (710,264)
Changes in operating assets and liabilities    
Prepaid expenses and deposits 310,429 98,009
Accounts payable and accrued expenses 2,386,713 987,180
Net Cash Used in Operating Activities (9,898,307) (6,769,327)
INVESTING ACTIVITIES    
Purchase of property and equipment (4,833) (12,103)
Net Cash Used in Investing Activities (4,833) (12,103)
FINANCING ACTIVITIES    
Proceeds for issuance of common stock for cash 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 (3,025,654) (6,815,953)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 12,546,890 28,697,323
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,521,236 21,881,370
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 798  
NON CASH FINANCING ACTIVITIES:    
Settlement of contingent consideration   2,061,136
Financing of insurance premiums through issuance of short term notes $ 261,326 $ 215,810