Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Sep. 30, 2023
Current assets:    
Cash $ 3,554,331 $ 2,274,259
Prepaid expenses and other current assets 1,053,830 1,677,396
Incentive tax receivable 519,610 786,574
Total current assets 5,127,771 4,738,229
Property and equipment, net 23,733 33,366
Operating lease right-of-use asset 141,813 193,689
Deferred offering costs 15,000 49,988
Other assets 488,480 414,206
Total assets 5,796,797 5,429,478
Current liabilities:    
Accounts payable 1,879,013 2,201,999
Accrued expenses and other current liabilities 1,149,492 3,230,922
Current portion of operating lease liability 81,349 73,048
Deferred income 18,626
Total current liabilities 3,109,854 5,524,595
Operating lease liability, net of current portion 68,837 130,863
Total liabilities 3,178,691 5,655,458
Commitments and contingencies (Note 4)
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value: 125,000,000 shares authorized; 5,218,505 and 1,750,426 issued and outstanding at June 30, 2024 and September 30, 2023, respectively 522 175
Additional paid-in capital 117,169,976 110,017,598
Accumulated deficit (114,552,392) (110,243,753)
Total stockholders’ equity (deficit) 2,618,106 (225,980)
Total liabilities and stockholders’ equity (deficit) $ 5,796,797 $ 5,429,478