v3.8.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net loss $ (5,429,000) $ (2,892,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 57,500 18,100
Provision for doubtful accounts 1,200
Stock-based compensation 593,000 988,900
Common stock issued to vendors for services 25,800
Accretion of debt discount and non-cash interest expense 35,500  
Changes in operating assets and liabilities:    
Accounts receivable (156,200) (2,100)
Prepaid expenses and other assets (97,200) (41,100)
Accounts payable and accrued liabilities 112,400 316,800
Deferred revenue 125,000
Deferred-compensation (8,300) 10,500
Net cash used in operating activities (4,740,300) (1,601,100)
INVESTING ACTIVITIES:    
Purchase of furniture and equipment (55,200) (84,800)
Payment for acquisition of business, net of cash acquired (306,600)
Costs incurred to develop intangible assets (3,600)
Net cash used in investing activities (361,800) (88,400)
FINANCING ACTIVITIES:    
Principal payments on note payable (34,100)
Principal payments on capital lease (600) (600)
Proceeds from sale of preferred stock and common stock warrants 2,100,000
Proceeds from aspire line 145,000
Proceeds from sale of common stock 2,981,300
Net cash provided by financing activities 2,065,300 3,125,700
NET INCREASE(DECREASE) IN CASH (3,036,800) 1,436,200
CASH AND CASH EQUIVALENTS - BEGINNING OF THE PERIOD 5,449,000 318,200
CASH AND CASH EQUIVALENTS - END OF THE PERIOD 2,412,200 1,754,400
Cash paid during the period for:    
Interest 4,700 200
Income taxes 1,900 32,400
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING & FINANCING ACTIVITIES:    
Long-term borrowings assumed in business combination $ 651,700

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