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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net loss $ (51,707,239) $ (39,758,982)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 153,224 211,466
Loss on extinguishment of debt 1,025,402  
Non-cash interest expense 1,199,697 640,215
Stock-based compensation 6,334,717 3,482,772
Change in fair value of unsecured convertible promissory note 882,903  
Change in fair value of warrant liability (454,599) 363,476
Gain on settlement of lease termination obligation   (552,340)
Loss on equity method investment 41,504 435,346
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (4,461,133) (6,904,417)
Other assets   298,523
Operating lease liability (31,646) (140,272)
Accounts payable 284,522 194,029
Accrued expenses 308,776 (3,532,940)
Net cash used in operating activities (46,423,872) (45,263,124)
FINANCING ACTIVITIES    
Proceeds from the sale of common stock, net of issuance costs 60,675,552 42,514,237
Proceeds from debt 10,000,000 10,000,000
Payment of debt issuance costs   (8,032)
Proceeds from exercise of common stock warrants 188,100 3,585,809
Proceeds from exercise of stock options 17,750  
Payments of finance lease obligations (20,779) (23,098)
Repayment of debt (12,292,646) (3,649,743)
Payment of financing costs (600,000)  
Net cash provided by financing activities 57,967,977 52,419,173
Net increase in cash and cash equivalents 11,544,105 7,156,049
Cash and cash equivalents at beginning of period 14,477,324 12,535,986
Cash and cash equivalents at end of period 26,021,429 19,692,035
Supplemental disclosure of cash flow information    
Cash paid for interest 1,556,088 17,915
Supplemental schedule of non-cash financing activities:    
Deferred offering costs amortization $ 34,234 $ 82,654