CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
12 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (4,507,737)
|
$ (2,843,473)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Warrant and option expense |
31,206
|
525,703
|
| Stock-based compensation |
1,884,102
|
237,550
|
| Amortization of debt discounts |
407,182
|
269,576
|
| Amortization of deferred financing cost |
0
|
17,111
|
| Depreciation |
66,596
|
60,453
|
| Loss on debt extinguishment. |
80,396
|
220,703
|
| Loss on derivative instruments. |
767,940
|
0
|
| Gain on disposition of fixed asset |
(352)
|
0
|
| Net change in operating assets and liabilities: |
|
|
| Prepaid expenses and other current assets |
9,200
|
37,432
|
| Inventory |
0
|
(52,279)
|
| Accounts payable |
(14,305)
|
172,788
|
| Accrued compensation - related parties |
380,000
|
228,975
|
| Accrued liabilities |
106,801
|
405,127
|
| Interest payable |
23,467
|
38,323
|
| Net Cash Used in Operating Activities |
(765,504)
|
(682,011)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Purchase of equipment |
(2,385)
|
(80,954)
|
| Proceeds from asset disposition |
6,937
|
0
|
| Restricted cash |
(5)
|
(59,499)
|
| Net Cash Used in Investing Activities |
4,547
|
(140,453)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Proceeds from sale of common stock |
871,679
|
50,000
|
| Proceeds from notes payable |
0
|
583,000
|
| Proceeds from convertible notes payable, net of original issue discounts |
321,800
|
0
|
| Proceeds from note payable - related party |
0
|
30,000
|
| Payments on notes payable |
(215,000)
|
0
|
| Increase in finance contracts |
61,157
|
39,960
|
| Payments on finance contracts |
(53,453)
|
(27,616)
|
| Net Cash Provided by Financing Activities |
986,183
|
675,344
|
| NET (DECREASE) IN CASH |
225,226
|
(147,120)
|
| CASH, BEGINNING OF YEAR |
71,393
|
218,513
|
| CASH, END OF YEAR |
296,619
|
71,393
|
| SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
| Cash paid for interest |
57,145
|
33,435
|
| Cash paid for income taxes |
0
|
0
|
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
| Common stock issued with debt modification |
4,858
|
0
|
| Common stock issued with note payable |
0
|
119,559
|
| Common stock issued on settlement of debt and accrued interest |
307,982
|
0
|
| Warrants issued for deferred financing costs |
0
|
17,111
|
| Warrants issued with notes payable |
0
|
73,053
|
| Common stock issued for related party payables |
151,161
|
53,534
|
| Common stock issued for third party payables |
321,178
|
0
|
| Common stock issued for inventory |
241,393
|
0
|
| Common stock issued for prepayment of services |
41,535
|
0
|
| Common stock issued on conversion of notes payable and accrued interest |
306,878
|
0
|
| Debt discount from derivative liabilities |
259,898
|
0
|
| Derivative allocation between liability and equity |
1,027,838
|
0
|
| Reclassification of accrued interest to note principal balance outstanding |
5,940
|
0
|
| Convertible debt issued for stock issuance cost |
25,000
|
0
|
| Fixed assets purchased on accounts payable |
$ 60,612
|
$ 0
|