Balance Sheet

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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Sep. 30, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 1,499,800 $ 3,254,700
Accounts receivable, net 120,000 63,300
Prepaid insurance 24,100 57,900
Prepaid other assets 146,600 134,700
Total current assets 1,790,500 3,510,600
Property and equipment, net 98,800 110,800
Intangible assets, net 102,400 116,500
Goodwill 1,386,800 1,386,800
Other assets 27,500 27,100
TOTAL ASSETS 3,406,000 5,151,800
CURRENT LIABILITIES:    
Accounts payable (including $31,400 and $30,400 to related parties as of December 31, 2018 and September 30, 2018, respectively) 728,800 346,900
Accrued liabilities 304,000 268,900
Accrued compensation 206,300 175,400
Accrued compensation - related parties 185,100 209,300
Accrued interest and other 3,900 3,900
Deferred revenue 156,900 159,700
Current portion of capital lease 1,400 1,300
Total current liabilities 1,586,400 1,165,400
LONG-TERM LIABILITIES    
Long-term borrowing, net 597,100 587,700
Accrued interest on long - term borrowing 115,800 110,100
Long-term portion of capital lease 1,700 2,100
Total long-term liabilities 714,600 699,900
TOTAL LIABILITIES 2,301,000 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 December 31, 2018 and as of September 30, 2018; aggregate liquidation preference of $1,968,750 as of December 31, 2018 and as of September 30, 2018; 1,100 1,100
Common stock, $0.001 par value; 250,000,000 shares authorized as of December 31, 2018 and September 30, 2018 respectively, 7,555,004 and 7,407,254 shares issued and outstanding as of December 31, 2018 and September 30, 2018, respectively; 7,600 7,400
Additional paid-in capital 89,780,400 89,257,700
Accumulated deficit (87,622,800) (85,245,300)
Total controlling interests 2,166,300 4,020,900
Non controlling interest (1,061,300) (734,400)
Total stockholders' equity 1,105,000 3,286,500
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,406,000 $ 5,151,800

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