Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net (loss) income $ (42,753,412) $ 11,688,854
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 147,156 170,713
Noncash change in right-of-use assets 411,002 282,843
Noncash interest expense, net of interest paid 1,415,978 (2,923,628)
Share-based compensation 6,916,345 3,687,663
Gain on sale of PREBOOST business   (18,410,158)
Deferred income taxes 19,017 (2,912,778)
Change in fair value of derivative liabilities 557,000 2,029,000
Other 63,133 172,085
Changes in current assets and liabilities:    
Increase in accounts receivable (930,021) (3,083,306)
Increase in inventory (2,216,377) (416,867)
Increase in prepaid expenses and other assets (1,737,701) (9,610,334)
Increase in accounts payable 3,526,541 2,115,007
Increase in accrued expenses and other current liabilities 8,258,099 2,783,696
Decrease in operating lease liabilities (303,266) (337,346)
Net cash used in operating activities (26,626,506) (14,764,556)
INVESTING ACTIVITIES    
Cash proceeds from sale of PREBOOST business 5,000,000 15,000,000
Capital expenditures (584,245) (154,416)
Net cash provided by investing activities 4,415,755 14,845,584
FINANCING ACTIVITIES    
Proceeds from stock option exercises 410,919 1,538,147
Proceeds from sale of shares in public offering, net of fees   108,099,988
Payment of costs related to public offering   (137,690)
Proceeds from premium finance agreement   1,061,442
Installment payments on premium finance agreement   (1,061,442)
Cash paid for debt portion of finance lease (9,093) (14,283)
Net cash provided by financing activities 401,826 109,486,162
Net (decrease) increase in cash (21,808,925) 109,567,190
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 122,359,535 13,588,778
CASH AND CASH EQUIVALENTS AT END OF PERIOD 100,550,610 123,155,968
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,140,499 6,651,887
Schedule of non-cash investing and financing activities:    
Right-of-use asset recorded in exchange for lease liabilities $ 4,411,474  
Notes receivable for sale of PREBOOST business   5,000,000
Costs related to public offering in accounts payable or accrued expenses and other current liabilities   $ 20,000