XML 28 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net Loss $ 55,453,289 $ 20,368,808
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock based compensation 424,455 807,523
Restricted stock expense 504,650 1,137,583
Marketing stock amortization 717,174 660,232
Issuance of stock / warrants for service 0 98,605
Inventory and materials impairment 878,142 0
Intangibles Amortization 607,025 0
Depreciation 770,335 719,856
Impairment of goodwill and other intangible assets 48,959,721 0
Increase/(Decrease) in contingent liability (8,246,000) 10,500,000
Realized and unrealized loss of marketable and other securities 33,350 (526,939)
Termination benefit 0 495,568
Extinguishment of Paycheck Protection Program Loan (1,466,113)
Amortization of operating lease asset 863,768 922,057
Changes in operating assets and liabilities:    
Accounts receivable (116,861) (556,116)
Deposits 284,977 261,125
Inventory (174,479) (135,058)
Prepaid inventory 2,939 (385,410)
Prepaid expenses and other current assets (1,088,579) (141,393)
Accounts payable and accrued expenses (1,149,456) (603,216)
Operating lease liability (872,656) (846,914)
Deferred revenue / customer deposits 3,723 4,478
Collection on discontinued operations accounts receivable 9,592 428,667
Deferred tax liability 0 (765,000)
Cash used by operating activities (13,041,469) (9,759,273)
Cash flows from investing activities:    
Proceeds from sale of other investment securities 0 540,000
Purchase of other investment securities 0 (750,000)
Proceeds from sale of assets (322,017) 0
Purchase of property and equipment (462,221) (311,572)
Cash provided (used) by investing activities (784,238) (521,572)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock 0 15,798,115
Note payable (31,044) (137,292)
Preferred dividend distribution (3,001,003) (1,220,610)
Cash provided by financing activities (3,032,047) 14,440,213
Net increase (decrease) in cash (16,857,754) 4,159,368
Cash and cash equivalents, beginning of period 26,411,424 14,824,644
Cash and cash equivalents, end of period 9,553,670 18,984,012
Interest expense 6,817 23,573
Warrants to Purchase Common Stock [Member] | Representative of the Underwriters [Member]    
Non-cash financial/investing activities:    
Warrants issued to representative 0 254,950
Common Stock Earnout Shares [Member]    
Non-cash financial/investing activities:    
Issuance of Contingent earnout shares: $ 908,000 $ 12,596,089