v3.19.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Sep. 30, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 2,443,400 $ 3,254,700
Accounts receivable, net 183,400 63,300
Prepaid insurance 57,900
Prepaid expenses and other current assets 151,700 134,700
Total current assets 2,778,500 3,510,600
Property and equipment, net 82,800 110,800
Intangible assets, net 74,300 116,500
Goodwill 1,386,800 1,386,800
Other assets 26,000 27,100
TOTAL ASSETS 4,348,400 5,151,800
CURRENT LIABILITIES:    
Accounts payable (including $38,900 and $30,350 to related parties as of June 30, 2019 and September 30, 2018, respectively) 561,500 346,900
Accrued liabilities 518,600 268,900
Accrued compensation 207,100 175,400
Accrued compensation - related parties 457,300 209,300
Accrued interest and other liabilities 3,900 3,900
Deferred revenue 175,800 159,700
Current portion of leases 1,500 1,300
Total current liabilities 1,925,700 1,165,400
LONG-TERM LIABILITIES    
Long-term borrowing, net 615,800 587,700
Accrued interest on long-term borrowing 122,100 110,100
Long-term portion of capital lease 900 2,100
Total long-term liabilities 738,800 699,900
TOTAL LIABILITIES 2,664,500 1,865,300
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 15,000,000 authorized; 1,500,000 shares of Series A Preferred Stock and 500,000 shares of Series A-1 authorized; 550,000 shares of Series A Preferred Stock and 500,000 shares of Series A-1 issued and outstanding as of June 30, 2019 and as of September 30, 2018; aggregate liquidation preference of $1,968,750 as of June 30, 2019 and as of September 30, 2018; 1,100 1,100
Common stock, $0.001 par value; 250,000,000 shares authorized as of June 30, 2019 and September 30, 2018 respectively, 12,701,266 and 7,407,254 shares issued and outstanding as of June 30, 2019 and September 30, 2018, respectively; 12,700 7,400
Additional paid-in capital 95,789,800 89,257,700
Accumulated deficit (92,003,100) (85,245,300)
Total controlling interests 3,800,500 4,020,900
Non-controlling interest (2,116,600) (734,400)
Total stockholders' equity 1,683,900 3,286,500
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,348,400 $ 5,151,800

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