v3.8.0.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Sep. 30, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 2,412,200 $ 5,449,000
Accounts receivable, net 218,600 6,500
Prepaid insurance 107,500 57,200
Note receivable - related party 159,500
Prepaid other assets 82,600 22,000
Total current assets 2,820,900 5,694,200
Property and equipment, net 143,100 120,700
Intangible assets, net 146,300 60,200
Goodwill 1,386,800
Investment in Arcadian Services 195,900
Other assets 35,000 25,100
TOTAL ASSETS 4,532,100 6,096,100
CURRENT LIABILITIES:    
Accounts payable (including $129,300 and $36,200 to related parties as of March 31, 2018 and September 30, 2017, respectively) 1,023,200 736,900
Accrued liabilities 139,400 55,200
Accrued compensation 425,100 466,000
Accrued compensation - related parties 237,200 204,600
Accrued interest and other 3,900 3,900
Deferred revenue 170,900 45,900
Current portion of note payable 1,800 31,500
Note payable - finance company 2,400
Current portion of capital lease 1,300 1,300
Total current liabilities 2,005,200 1,545,300
LONG-TERM LIABILITIES    
Long-term borrowing, net 569,000  
Accrued interest on long - term borrowing 118,200  
Long-term portion of capital lease 2,800 3,400
Total long-term liabilities 690,000 3,400
TOTAL LIABILITIES 2,695,200 1,548,700
STOCKHOLDERS' EQUITY:    
Preferred stock; 15,000,000 authorized; 1,500,000 shares of Series A Preferred Stock authorized and 1,050,000 shares of Series A Preferred Stock issued and outstanding as of March 31, 2018; No shares of Preferred stock issued and outstanding as of September 30, 2017; aggregate liquidation preference of $600 as of March 31, 2018 1,100
Common stock, $0.001 par value; 250,000,000 shares and 500,000,000 shares authorized as of March 31, 2018 and September 30, 2017 respectively, 4,364,311 and 4,299,311 shares issued and outstanding as of March 31, 2018 and September 30, 2017, respectively; 4,400 4,300
Additional paid-in capital 82,907,400 80,189,700
Accumulated deficit (81,076,000) (75,646,600)
Total stockholders' equity 1,836,900 4,547,400
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,532,100 $ 6,096,100

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