Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Sep. 30, 2022
Current assets:    
Cash $ 11,390,177 $ 3,052,879
Incentive tax receivable 447,010 717,305
Prepaid expenses and other current assets 1,208,641 1,643,743
Total current assets 13,045,828 5,413,927
Property and equipment, net 39,789 46,211
Operating lease right-of-use asset 225,709 256,594
Deferred offering costs 113,280
Total assets 13,311,326 5,830,012
Current liabilities:    
Related-party notes $ 748 $ 748
Notes Payable, Current, Related and Nonrelated Party Status [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Accounts payable $ 4,500,043 $ 4,752,340
Accrued expenses and other current liabilities 3,112,282 3,193,972
Operating lease liability 67,920 51,328
Deferred income 92,731 166,431
Total current liabilities 7,773,724 8,164,819
Operating lease liability 168,939 203,912
Total liabilities 7,942,663 8,368,731
Commitments and contingencies (Note 4)
Stockholders’ equity (deficit):    
Preferred stock; $0.0001 par value: 5,000,000 shares authorized. No shares issued or outstanding
Common stock; $0.0001 par value: 125,000,000 shares authorized; 20,498,370 and 5,544,528 shares issued and outstanding at March 31, 2023 and September 30, 2022, respectively 2,050 554
Additional paid-in capital 107,986,885 88,871,786
Accumulated deficit (102,620,272) (91,411,059)
Total stockholders’ equity (deficit) 5,368,663 (2,538,719)
Total liabilities and stockholders’ equity (deficit) $ 13,311,326 $ 5,830,012