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 ($)
 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES:    
Net loss $ (2,107,600) $ (1,825,700)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net loss from discontinued operations 2,500 4,400
Depreciation and amortization 6,000 $ 7,800
Amortization of discount on bridge notes issued 100,100  
Gain on change in fair value of derivative liability (185,200)  
Stock-based compensation $ 204,700 $ 839,700
Gain on extinguishment of debt   $ (1,105,200)
Non-cash interest expense $ 69,200  
Valuation of warrants - investor relations 21,600  
Changes in operating assets and liabilities    
Accounts receivable (2,600) $ 20,800
Prepaids and other (40,700) (33,400)
Accounts payable and accrued liabilities 1,200 (101,500)
Deferred compensation $ 250,000 (421,100)
Deferred revenue grant funds   45,900
Net cash used in operating activities $ (1,680,800) $ (2,568,300)
INVESTING ACTIVITIES:    
Disposal of equipment 1,500  
Net cash provided by investing activities 1,500  
FINANCING ACTIVITIES:    
Repayment of a capital lease (2,700) $ (5,300)
Net proceeds from secured notes $ 615,000  
Net proceeds from purchase of common stock   $ 1,431,000
Net cash provided by financing activities $ 612,300 1,425,700
Net cash used in continuing operations (1,067,000) (1,142,600)
DISCONTINUED OPERATIONS    
Net Cash used in discontinued operating activities (31,800) (67,100)
Net Cash used in discontinued operations (31,800) (67,100)
NET DECREASE IN CASH (1,098,800) (1,209,700)
Cash - beginning of period 1,240,600 1,273,600
Cash - end of period 141,800 63,900
Cash paid during the period for:    
Interest 2,700 3,300
Income taxes $ 4,700 4,300
Non-cash financing activities:    
Placement agent warrants issued   44,100
Shares issued as payment for accounts payable   $ 361,500