Balance Sheet

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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Sep. 30, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 1,203,200 $ 3,254,700
Accounts receivable, net 154,400 63,300
Prepaid insurance 9,700 57,900
Prepaid expenses and other current assets 181,200 134,700
Total current assets 1,548,500 3,510,600
Property and equipment, net 87,700 110,800
Intangible assets, net 88,400 116,500
Goodwill 1,386,800 1,386,800
Other assets 29,600 27,100
TOTAL ASSETS 3,141,000 5,151,800
CURRENT LIABILITIES:    
Accounts payable (including $36,400 and $30,350 to related parties as of March 31, 2019 and September 30, 2018, respectively) 970,700 346,900
Accrued liabilities 204,700 268,900
Accrued compensation 244,900 175,400
Accrued compensation - related parties 322,800 209,300
Accrued interest and other liabilities 3,900 3,900
Deferred revenue 152,100 159,700
Current portion of leases 1,400 1,300
Total current liabilities 1,900,500 1,165,400
LONG-TERM LIABILITIES    
Long-term borrowing, net 606,500 587,700
Accrued interest on long-term borrowing 120,500 110,100
Long-term portion of capital lease 1,400 2,100
Total long-term liabilities 728,400 699,900
TOTAL LIABILITIES 2,628,900 1,865,300
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 15,000,000 authorized; 1,500,000 shares of Series A Preferred Stock and 500,000 shares of Series A-1 authorized; 550,000 shares of Series A Preferred Stock and 500,000 shares of Series A-1 issued and outstanding as of March 31, 2019 and as of September 30, 2018; aggregate liquidation preference of $1,968,750 as of March 31, 2019 and as of September 30, 2018; 1,100 1,100
Common stock, $0.001 par value; 250,000,000 shares authorized as of March 31, 2019 and September 30, 2018 respectively, 8,936,695 and 7,407,254 shares issued and outstanding as of March 31, 2019 and September 30, 2018, respectively; 8,900 7,400
Additional paid-in capital 91,895,900 89,257,700
Accumulated deficit (89,881,400) (85,245,300)
Total controlling interests 2,024,500 4,020,900
Non controlling interest (1,512,400) (734,400)
Total stockholders' equity 512,100 3,286,500
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,141,000 $ 5,151,800

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