Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net loss $ (6,881,153) $ (18,566,555)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 145,301 783,842
Stock option expense 804,374 1,256,644
Depreciation 7,877 40,814
Amortization of intangible assets 834,642 838,472
Gain on settlement of liabilities 1,228,805 (70,757)
(Gain) loss on sale of property and equipment 17,814 (5,441)
(Gain) loss on sale of intangible assets (460,383)  
Loss on Impairment of Goodwill 740,912  
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 165,533 444,036
Accounts payable and accrued expenses (5,499,525) 1,262,686
Net Cash Used in Operating Activities (8,895,803) (14,016,259)
INVESTING ACTIVITIES    
Purchase of property and equipment   (4,833)
Proceeds from sale of property and equipment and intangible assets 508,078 88,285
Net Cash Provided by/ (Used in) Investing Activities 508,078 83,452
FINANCING ACTIVITIES    
Proceeds for issuance of common stock for cash   19,537,001
Proceeds from warrants exercised for cash 270,000 118,801
Repayments of short-term notes payable (247,933) (190,479)
Net Cash Provided by/ (Used in) Financing Activities 22,067 19,465,323
NET CHANGE IN CASH (8,365,658) 5,532,516
CASH AT BEGINNING OF PERIOD 12,801,085 12,546,890
CASH AT END OF PERIOD 4,435,427 18,079,406
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION CASH PAID FOR:    
Interest 7,540 5,107
NON CASH FINANCING ACTIVITIES:    
Financing of insurance premiums through issuance of short term notes $ 323,094 $ 261,326