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 $)
 9 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net loss $ (1,825,700) $ (3,838,500)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net loss from discontinued operations 4,400 15,200
Depreciation and amortization 7,800 10,100
Amortization of discount on bridge notes issued 0 661,000
Stock-based compensation 839,700 987,000
Issuance of warrants for financing services 0 66,200
Loss on derivative liabilities 0 97,600
Extinguishment of debt (1,105,200) (556,300)
Non-cash interest expense 0 550,200
Changes in operating assets and liabilities    
Accounts receivable 20,800 300
Prepaids and other current assets (33,400) (59,700)
Accounts payable and accrued liabilities (101,500) (8,800)
Deferred compensation (421,100) 201,700
Deferred compensation exchange for common stock 0 (178,300)
Deferred revenue grant funds 45,900 0
Net cash used in operating activities (2,568,300) (2,052,300)
INVESTING ACTIVITIES    
Disposal of equipment 0 1,400
Net cash provided by investing activities 0 1,400
FINANCING ACTIVITIES    
Repayment of capital leases (5,300) (4,200)
Net proceeds from bridge notes 0 1,368,300
Proceeds from purchase of common stock 1,431,000 1,362,700
Net cash provided by financing activities 1,425,700 2,726,800
Net Cash Provided by (used in) Continuing Operations (1,142,600) 675,900
DISCONTINUED OPERATIONS    
Net cash used in discontinued operating activities (67,100) (12,000)
Net cash used in discontinued operations (67,100) (12,000)
NET (DECREASE) INCREASE IN CASH (1,209,700) 663,900
Cash, beginning of period 1,273,600 7,700
Cash, end of period 63,900 671,600
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for: Interest 3,300 2,557
Cash paid during the period for: Income taxes 4,300 800
Non-cash financing activities:    
Placement agent warrants issued 44,100 66,200
Offering costs 0 2,500
Shares issued for officer salaries 0 7,900
Shares issued for promissory notes 0 3,375,900
Shares issued as payment for accounts payable $ 361,500 $ 0