Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

v3.8.0.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Sep. 30, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 2,658,300 $ 5,449,000
Accounts receivable, net 81,100 6,500
Prepaid insurance 23,900 57,200
Note receivable - related party   159,500
Prepaid other assets 67,000 22,000
Total current assets 2,830,300 5,694,200
Property and equipment, net 136,400 120,700
Intangible assets, net 158,300 60,200
Goodwill 1,386,800
Investment in Arcadian Services   195,900
Other assets 31,300 25,100
TOTAL ASSETS 4,543,100 6,096,100
CURRENT LIABILITIES:    
Accounts payable (including $56,000 and $10,000 to related parties as of December 31, 2017 and September 30, 2017, respectively) 1,015,800 736,900
Accrued liabilities 22,900 55,200
Accrued compensation 397,100 466,000
Accrued compensation - related parties 237,200 204,600
Accrued interest and other 3,900 3,900
Deferred revenue - grant funds 45,900 45,900
Current portion of note payable 16,900 31,500
Note payable - finance company 5,600  
Current portion of capital lease 1,300 1,300
Total current liabilities 1,746,600 1,545,300
LONG-TERM LIABILITIES    
Long - term borrowing, net 559,700  
Accrued interest on long - term borrowing 104,200  
Long-term portion of capital lease 3,100 3,400
Total long-term liabilities 667,000 3,400
TOTAL LIABILITIES 2,413,600 1,548,700
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; authorized 15,000,000 shares, no shares issued and outstanding as of December 31, 2017 and September 30, 2017, respectively
Common stock, $0.001 par value; 250,000,000 shares and 500,000,000 shares authorized as of December 31, 2017 and September 30, 2017 respectively, 4,360,561 and 4,299,311 shares issued and outstanding as of December 31, 2017 and September 30, 2017, respectively 4,400 4,300
Additional paid-in capital 80,541,000 80,189,700
Accumulated deficit (78,415,900) (75,646,600)
Total stockholders' equity 2,129,500 4,547,400
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,543,100 $ 6,096,100