Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 149,456 $ 2,274,259
Prepaid expenses and other current assets 1,206,409 1,677,396
Incentive tax receivable 762,078 786,574
Total current assets 2,117,943 4,738,229
Property and equipment, net 20,523 33,366
Operating lease right-of-use asset 123,417 193,689
Deferred offering costs 15,000 49,988
Other assets 494,147 414,206
Total assets 2,771,030 5,429,478
Current liabilities:    
Accounts payable 2,183,416 2,201,999
Accrued expenses and other current liabilities 942,489 3,230,922
Current portion of operating lease liability 84,291 73,048
Deferred income 18,626
Total current liabilities 3,210,196 5,524,595
Operating lease liability, net of current portion 46,573 130,863
Total liabilities 3,256,769 5,655,458
Commitments and contingencies (Note 5)
Stockholders’ 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; 650,284 and 218,786 issued and outstanding at September 30, 2024 and 2023, respectively 65 22
Additional paid-in capital 117,195,181 110,017,751
Accumulated deficit (117,680,985) (110,243,753)
Total stockholders’ deficit (485,739) (225,980)
Total liabilities and stockholders’ deficit $ 2,771,030 $ 5,429,478