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 ($)
 3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:    
Net loss $ (2,769,300) $ (1,440,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 23,300 8,000
Provision for doubtful accounts 600
Stock-based compensation 336,600 501,000
Common stock issued to vendors for services 14,800
Accretion of debt discount 4,700  
Changes in operating assets and liabilities:    
Accounts receivable (18,100) 1,900
Prepaid expenses and other assets 6,100 36,400
Accounts payable and accrued liabilities (38,600) 88,300
Accrued compensation 38,800
Net cash used in operating activities (2,439,900) (765,800)
INVESTING ACTIVITIES:    
Purchase of furniture and equipment (28,100) (1,600)
Payment for acquisition of business, net of cash acquired (306,600)
Costs incurred to develop intangible assets (2,100)
Net cash used in investing activities (334,700) (3,700)
FINANCING ACTIVITIES:    
Principal payments on note payable (15,800)
Principal payments on capital lease (300) (300)
Proceeds from sale of common stock 1,500,000
Net cash provided by (used in) financing activities (16,100) 1,499,700
NET INCREASE(DECREASE) IN CASH (2,790,700) 730,200
CASH AND CASH EQUIVALENTS - BEGINNING OF THE PERIOD 5,449,000 318,200
CASH AND CASH EQUIVALENTS - END OF THE PERIOD 2,658,300 1,048,400
Cash paid during the period for:    
Interest 3,000 2,500
Income taxes 1,800
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING & FINANCING ACTIVITIES:    
Long-term borrowings assumed in business combination $ 651,700