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 $)
 6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net loss $ (807,000) $ (2,504,500)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net loss from discontinued operations 3,300 13,300
Depreciation and amortization 5,400 7,100
Amortization of discount on bridge notes issued 0 637,200
Stock-based compensation 666,900 693,500
Issuance Of Warrants For Financing Services 0 30,500
Loss on derivative liability valuation 0 97,600
Extinguishment of debt (1,105,200) (556,300)
Non-cash interest expense 0 391,900
Changes in operating assets and liabilities    
Accounts receivable 19,500 (6,000)
Prepaids and other current assets (36,700) (65,900)
Accounts payable and accrued liabilities (244,700) (34,400)
Deferred compensation (426,300) 163,000
Deferred compensation exchange for common stock 0 (178,300)
Deferred revenue grant funds 47,000 0
Net cash used in operating activities (1,877,800) (1,311,300)
INVESTING ACTIVITIES    
Disposal of equipment 0 1,400
Net cash provided by investing activities 0 1,400
FINANCING ACTIVITIES    
Repayment of a capital lease (3,500) (3,100)
Net proceeds from bridge notes 0 1,368,300
Net proceeds from purchase of common stock 1,431,000 664,500
Net cash provided by financing activities 1,427,500 2,029,700
Net Cash Provided by (used in) Continuing Operations (450,300) 719,800
DISCONTINUED OPERATIONS    
Net cash used in operations activities (39,500) (10,300)
Net cash used in discontinued operations (39,500) (10,300)
NET (DECREASE) INCREASE IN CASH (489,800) 709,500
Cash, beginning of period 1,273,600 7,700
Cash, end of period 783,800 717,200
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 1,700 1,200
Income taxes 2,600 800
Non-cash financing activities:    
Placement agent warrants issued 44,100 30,500
Offering costs $ 0 $ 2,500