Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Sep. 30, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 3,254,700 $ 5,449,000
Accounts receivable, net 63,300 6,500
Prepaid insurance 57,900 57,200
Note receivable - related party 159,500
Prepaid expenses and other current assets 134,700 22,000
Total current assets 3,510,600 5,694,200
Property and equipment, net 110,800 120,700
Intangible assets, net 116,500 60,200
Investment in Arcadian 195,900
Goodwill 1,386,800
Other assets 27,100 25,100
TOTAL ASSETS 5,151,800 6,096,100
CURRENT LIABILITIES:    
Accounts payable (including $30,350 and $36,200 to related parties as of September 30, 2018, and 2017, respectively) 346,900 736,900
Accrued liabilities 268,900 55,200
Accrued compensation 175,400 466,000
Accrued compensation - related parties 209,300 204,600
Accrued interest and other 3,900 3,900
Deferred revenue 159,700 45,900
Current portion of note payable 31,500
Current portion of capital lease 1,300 1,300
Total current liabilities 1,165,400 1,545,300
LONG-TERM LIABILITIES    
Long-term borrowing, net 587,700
Accrued interest on long-term borrowing 110,100
Long term portion of capital lease 2,100 3,400
Total long-term liabilities 699,900 3,400
TOTAL LIABILITIES 1,865,300 1,548,700
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 September 30, 2018; No shares of Preferred stock issued and outstanding as of September 30, 2017; aggregate liquidation preference of $1,968,750 as of September 30, 2018 1,100
Common stock, $0.001 par value; 250,000,000 shares and 500,000,000 shares authorized as of September 30, 2018 and September 30, 2017 respectively, 7,407,254 and 4,299,311 shares issued and outstanding as of September 30, 2018 and September 30, 2017, respectively; 7,400 4,300
Additional paid-in capital 89,257,700 80,189,700
Accumulated deficit (85,245,300) (75,646,600)
Total controlling interests 4,020,900 4,547,400
Non-controlling interest (734,400)
Total stockholders' equity 3,286,500 4,547,400
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,151,800 $ 6,096,100