General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v3.24.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Current assets:      
Cash and cash equivalents $ 3,554,331 $ 2,274,259 $ 3,052,879
Prepaid expenses and other current assets 1,053,830 1,677,396 1,643,743
Incentive tax receivable 519,610 786,574 717,305
Total current assets 5,127,771 4,738,229 5,413,927
Property and equipment, net 23,733 33,366 46,211
Operating lease right-of-use asset 141,813 193,689 256,594
Deferred offering costs 15,000 49,988 113,280
Other assets 488,480 414,206
Total assets 5,796,797 5,429,478 5,830,012
Current liabilities:      
Accounts payable 1,879,013 2,201,999 4,752,340
Accrued expenses and other current liabilities 1,149,492 3,230,922 3,193,972
Current portion of operating lease liability 81,349 73,048 51,328
Deferred income 18,626 166,431
Total current liabilities 3,109,854 5,524,595 8,164,819
Operating lease liability, net of current portion 68,837 130,863 203,912
Total liabilities 3,178,691 5,655,458 8,368,731
Commitments and contingencies (Note 4)  
Stockholders’ equity (deficit):      
Common stock, $0.0001 par value: 125,000,000 shares authorized; 1,750,426 and 251,955 issued and outstanding at September 30, 2023 and 2022, respectively 522 175 25
Additional paid-in capital 117,169,976 110,017,598 88,872,315
Accumulated deficit (114,552,392) (110,243,753) (91,411,059)
Total stockholders’ deficit 2,618,106 (225,980) (2,538,719)
Total liabilities and stockholders’ deficit 5,796,797 5,429,478 5,830,012
Related Party [Member]      
Current liabilities:      
Related party notes $ 748