Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Net revenues $ 3,341,185 $ 9,602,195 $ 12,434,946 $ 36,765,721
Cost of sales 2,110,567 2,533,572 6,410,198 6,679,738
Gross profit 1,230,618 7,068,623 6,024,748 30,085,983
Operating expenses:        
Research and development 2,925,171 18,133,412 44,534,153 43,755,677
Selling, general and administrative 10,902,916 10,761,486 41,283,275 24,887,830
Provision for (recovery of) credit losses   (2,500) 3,911,714 (6,500)
Impairment of intangible assets     3,900,000  
Total operating expenses 13,828,087 28,892,398 93,629,142 68,637,007
Gain on sale of ENTADFI® assets 4,723,623   4,723,623  
Operating loss (7,873,846) (21,823,775) (82,880,771) (38,551,024)
Non-operating income (expenses):        
Interest expense (648,917) (1,185,093) (2,219,840) (3,556,477)
Change in fair value of derivative liabilities 1,789,000 881,000 2,319,000 (557,000)
Other income, net 131,133 69,895 409,059 135,897
Total non-operating income (expenses) 1,271,216 (234,198) 508,219 (3,977,580)
Loss before income taxes (6,602,630) (22,057,973) (82,372,552) (42,528,604)
Income tax expense (benefit) 57,551 137,603 (77,286) 224,808
Net loss $ (6,660,181) $ (22,195,576) $ (82,295,266) $ (42,753,412)
Net loss per basic common share outstanding $ (0.08) $ (0.28) $ (0.99) $ (0.53)
Basic weighted average common shares outstanding 88,266,152 80,088,431 83,218,748 80,054,594
Net loss per diluted common share outstanding $ (0.08) $ (0.28) $ (0.99) $ (0.53)
Diluted weighted average common shares outstanding 88,266,152 80,088,431 83,218,748 80,054,594