Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,838,500) $ (7,510,300)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net loss from discontinued operations 15,200 329,500
Depreciation and amortization 10,100 14,000
Amortization of discount on bridge notes issued 661,000 2,991,900
Stock-based compensation 987,000 1,010,700
Issuance of warrants for financing services 66,200 56,800
Gain (loss) on derivative liability valuation 97,600 (918,000)
Extinguishment of debt (556,300) 0
Non-cash interest expense 550,200 480,900
Changes in operating assets and liabilities    
Accounts receivable 300 10,000
Prepaids and other current assets (59,700) (4,900)
Accounts payable and accrued liabilities (8,800) 1,321,500
Deferred compensation 201,700 242,600
Deferred compensation exchange for common stock (178,300) 0
Security deposit on new lease 0 4,600
Net cash used in operating activities (2,052,300) (1,970,700)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of furniture & equipment 0 (4,300)
Disposal of equipment 1,400 0
Acquisition of Brain Clinics 0 (21,200)
Net cash provided by (used in) investing activities 1,400 (25,500)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of capital leases (4,200) (4,500)
Net proceeds from bridge notes 1,368,300 2,195,300
Proceeds from exercise of warrants 0 900
Proceeds from purchase of common stock 1,362,700 0
Net cash provided by financing activities 2,726,800 2,191,700
DISCONTINUED OPERATIONS    
Net cash used in discontinued operations activities (12,000) (258,200)
Net cash used in discontinued operations (12,000) (258,200)
NET INCREASE (DECREASE) IN CASH 663,900 (62,700)
Cash, beginning of period 7,700 73,600
Cash, end of period 671,600 10,900
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 2,557 6,800
Income taxes 800 2,000
Fair value of intellectual property 0 20,000
Non-cash financing activities:    
Placement agent warrants issued 66,200 56,800
Offering costs 2,500 0
Shares issued for officer salaries 7,900 0
Shares issued for promissory notes $ 3,375,900 $ 0