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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 5,702,576 $ 14,927,538
Inventory, Net 3,109,397  
Prepaid expenses and other current assets 6,855,401 12,488,498
Total current assets 15,667,374 27,416,036
Operating lease right-of-use assets, net 262,822 274,645
Equity method investment 659,895 693,190
Other assets 415,974 439,283
Total assets 17,006,065 28,823,154
Current liabilities:    
Unsecured convertible promissory note 30,744,000 29,440,000
Current portion of operating lease liabilities 52,645 50,907
Accounts payable 12,192,747 7,968,725
Accrued expenses 3,391,232 3,237,468
Income taxes payable 1,856,629 1,856,629
Total current liabilities 48,237,253 42,553,729
Operating lease liabilities 233,113 246,922
Warrant liability 18,826,133 59,099,013
Total liabilities 67,296,499 101,899,664
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; 24,905,635 and 23,905,635 shares issued and outstanding at December 31, 2024 and September 30, 2024, respectively 249,057 239,057
Additional paid-in capital 475,367,795 469,969,333
Accumulated deficit (525,907,286) (543,284,900)
Total stockholders' deficit (50,290,434) (73,076,510)
Total liabilities and stockholders' deficit $ 17,006,065 $ 28,823,154