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, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net loss $ (18,566,555) $ (19,130,062)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 783,842 1,237,064
Stock option expense 1,256,644 2,335,197
Change in fair value of contingent consideration   1,356,770
Depreciation 40,814 48,012
Amortization of intangible assets 838,472 841,947
Gain on settlement of accounts payable (70,757) (710,264)
Gain on sale of property and equipment (5,441)  
Changes in operating assets and liabilities    
Prepaid expenses and deposits 444,036 322,544
Accounts payable and accrued expenses 1,262,686 2,745,372
Net Cash Used in Operating Activities (14,016,259) (10,953,420)
INVESTING ACTIVITIES    
Purchase of property and equipment (4,833) (13,306)
Sale of property and equipment 88,285  
Net Cash Used in Investing Activities 83,452 (13,306)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock for cash, net 19,537,001  
Proceeds from warrants exercised for cash 118,801 26,041
Repayments of short-term notes payable (190,479) (132,918)
Net Cash Provided by/(Used in) Financing Activities 19,465,323 (106,877)
NET CHANGE IN CASH AND CASH EQUIVALENTS 5,532,516 (11,073,603)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 12,546,890 28,697,323
CASH AND CASH EQUIVALENTS AT END OF PERIOD 18,079,406 21,881,370
CASH PAID FOR:    
Interest 5,107 4,262
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