Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES:    
Net loss $ (2,892,200) $ (3,594,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18,100 2,700
Gain on derivative liability valuation (798,200)
Stock based compensation 462,700 70,900
Loss on extinguishment of debt 2,337,400
Financing expenses 738,600
Changes in operating assets and liabilities:    
Accounts receivable (2,100) 5,000
Prepaids and other (43,000) (66,300)
Accounts payable and accrued liabilities 316,800 (81,600)
Amortization of grant of common stock 526,200 6,900
Security deposits 1,900 (9,400)
Deferred compensation 10,500 48,100
Net cash used in operating activities (1,601,100) (1,339,900)
INVESTING ACTIVITES:    
Purchase of fixed assets (84,800) (1,000)
Intangible assets (3,600) (9,000)
Net cash used in investing activities (88,400) (10,000)
FINANCING ACTIVITIES:    
Repayment of a capital lease (600) (2,000)
Net proceeds from sale of common stock, private placement 2,981,300
Net proceeds from sale of common stock, purchase agreement 145,000
Net proceeds from issuance of secured convertible debt 1,360,000
Net cash provided by financing activities 3,125,700 1,358,000
NET INCREASE IN CASH 1,436,200 8,100
CASH- BEGINNING OF THE QUARTER 318,200 432,100
CASH- END OF THE QUARTER 1,754,400 440,200
Cash paid during the period for:    
Interest 200 1,300
Income taxes $ 32,400 $ 300