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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)    
Net loss $ (13,954,415) $ (16,196,318)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,993,395 1,973,982
Non-cash lease expense 4,383 9,545
Share-based payments for services 547,893 285,722
Equity-based compensation 2,816,449 3,436,119
Common stock contributed to 401(k) plan 102,392 105,043
(Increase)/decrease in assets:    
Prepaid expenses (30,996) 180,222
Supplies used for R&D and manufacturing 240,067 170,434
Deposits (11,884) (2,354,723)
Increase/(decrease) in liabilities:    
Accounts payable (896,939) 102,841
Accrued expenses 59,818 111,515
Due to employees 194,363 37,798
Net cash used in operating activities (9,415,608) (12,137,820)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (51,650) (165,032)
Expenditures for patent costs (13,211) 0
Net cash used in investing activities (64,861) (165,032)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 12,730,000 0
Payments of stock issuance costs (1,218,937) (9,010)
Proceeds from the exercise of warrants 0 447,291
Payments on obligations under finance leases (867,008) (761,223)
Net cash provided by (used in) financing activities 10,644,055 (322,942)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,163,586 (12,625,794)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 4,145,735 22,672,138
CASH AND CASH EQUIVALENTS, END OF PERIOD 5,309,321 10,046,344
Property and equipment purchases included in current liabilities 0 176,743
Assets purchased under finance leases 20,797 0
Finance lease obligation included in accounts payable 522 1,402
Consulting services paid with issuance of common stock 583,177 192,258
Accrued consulting services to be paid with common stock 165,000 165,000
Financing costs included in current liabilities 46,616 0
Cash paid for interest $ 480,044 $ 547,765