Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 9,625,494 $ 80,190,675
Accounts receivable, net 4,506,508 3,550,895
Inventories, net 6,697,117 8,618,944
Prepaid research and development costs 1,006,252 9,677,020
Prepaid expenses and other current assets 1,097,851 1,964,373
Total current assets 22,933,222 104,001,907
Plant and equipment, net 1,652,732 1,185,766
Operating lease right-of-use asset 4,332,473 4,786,915
Deferred income taxes 12,707,419 12,965,985
Intangible assets, net 5,952 3,977,381
Goodwill 6,878,932 6,878,932
Other assets 1,512,361 1,561,564
Total assets 50,023,091 135,358,450
Current liabilities:    
Accounts payable 12,931,172 22,003,394
Accrued research and development costs 31,663 6,345,255
Accrued compensation 990,609 5,986,557
Accrued expenses and other current liabilities 1,956,075 2,249,995
Residual royalty agreement, short-term portion (Note 9) 864,623 1,169,095
Operating lease liability, short-term portion 1,036,590 957,085
Total current liabilities 17,810,732 38,711,381
Residual royalty agreement, long-term portion (Note 9) 8,870,136 9,656,441
Operating lease liability, long-term portion 3,634,114 4,093,667
Deferred income taxes   81,067
Other liabilities 29,948 18,577
Total liabilities 30,344,930 52,561,133
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, no shares issued and outstanding at September 30, 2023 and 2022, respectively
Common stock, par value $0.01 per share; 308,000,000 and 154,000,000 shares authorized, 93,966,402 and 82,692,598 shares issued and 91,782,698 and 80,508,894 shares outstanding at September 30, 2023 and 2022, respectively 939,664 826,926
Additional paid-in-capital 283,894,830 253,974,032
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (256,768,209) (163,615,517)
Treasury stock, 2,183,704 shares, at cost (7,806,605) (7,806,605)
Total stockholders' equity 19,678,161 82,797,317
Total liabilities and stockholders' equity $ 50,023,091 $ 135,358,450