Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES:    
Net loss $ (7,112,800) $ (5,940,900)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 48,700 7,200
Gain on derivative liability valuation 34,600
Stock based compensation 2,086,000 834,700
Non-cash common stock to vendors for services 173,000
Loss on extinguishment of debt (572,300)
Financing expenses 2,717,300
Note issued for litigation settlement 50,000
Changes in operating assets and liabilities:    
Accounts receivable (1,400) 6,700
Prepaid other assets (12,100) 25,700
Accounts payable and accrued liabilities 301,500 (182,900)
Security deposits (9,500)
Accrued compensation (275,000) 51,000
Net cash used in operating activities (4,792,100) (2,978,400)
INVESTING ACTIVITIES:    
Purchase of property and equipment (127,900) (4,000)
Investment in Arcadian (190,000)
Loan Advance- Plotkin (159,500)
Purchase of Intangible assets (2,100) (78,300)
Net cash used in investing activities (479,500) (82,300)
FINANCING ACTIVITIES:    
Repayment of a capital lease (1,200) (3,200)
Repayment of a Notes payable (56,200)
Net Proceeds from issuance of common stock 2,981,300
Net Proceeds from Public Offering 7,482,100
Proceeds from Aspire Line 145,000
Offering costs- Aspire Line (148,600)
Net proceeds from issuance of secured convertible debt 2,950,000
Net cash provided by financing activities 10,402,400 2,946,800
NET INCREASE (DECREASE) IN CASH 5,130,800 (113,900)
CASH- BEGINNING OF YEAR 318,200 432,100
CASH- END OF YEAR 5,449,000 318,200
Cash paid during the period for:    
Interest 6,600 4,200
Finance Fees 20,000
Income taxes 2,600 2,000
Non-cash financing and investing activities    
Investment in Arcadian 1,000 shares @ $5.90 per share of common stock 5,900
Conversion of convertible notes to common stock 6,266,800
Conversion of Brandt litigation settlement convertible note to common stock $ 50,200