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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 14,927,538 $ 23,391,982
Prepaid expenses and other current assets 12,488,498 7,587,216
Total current assets 27,416,036 30,979,198
Operating lease right-of-use assets, net 274,645 26,172
Equity method investment 693,190 793,932
Other assets 439,283 501,299
Total assets 28,823,154 32,300,601
Current liabilities:    
Unsecured convertible promissory note 29,440,000 35,551,000
Finance lease liabilities   4,267
Current portion of operating lease liabilities 50,907  
Accounts payable 7,968,725 6,574,523
Accrued expenses 3,237,468 2,745,740
Income taxes payable 1,856,629 1,856,629
Total current liabilities 42,553,729 46,732,159
Operating lease liabilities 246,922  
Warrant liability 59,099,013 6,219
Total liabilities 101,899,664 46,738,378
Commitments and contingencies (Note 8)
Stockholders' deficit:    
Preferred stock, par value $0.01 per share: 10,000,000 shares authorized, no shares issued and outstanding
Common stock, par value $0.01 per share; 60,000,000 shares authorized; 23,905,635 and 13,012,833 shares issued and outstanding at September 30, 2024 and September 30, 2023, respectively 239,057 130,128
Additional paid-in capital 469,969,333 453,350,281
Accumulated deficit (543,284,900) (467,918,186)
Total stockholders' deficit (73,076,510) (14,437,777)
Total liabilities and stockholders' deficit $ 28,823,154 $ 32,300,601