Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Balance Sheets

v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Sep. 30, 2024
Assets    
Cash, cash equivalents, and restricted cash $ 20,018,392 $ 24,916,285
Prepaid expenses and other current assets 1,359,372 1,547,928
Current assets of discontinued operations 0 8,759,011
Total current assets 21,377,764 35,223,224
Property and equipment, net 422,712 481,372
Operating lease right-of-use assets 3,002,939 3,250,623
Goodwill 6,878,932 6,878,932
Other assets 989,596 989,596
Long-term assets of discontinued operations 0 13,595,025
Total assets 32,671,943 60,418,772
Liabilities and Stockholders' Equity    
Accounts payable 2,205,474 2,259,668
Accrued research and development costs 196,918 120,448
Accrued compensation 1,986,800 4,494,278
Accrued expenses and other current liabilities 482,177 549,237
Residual royalty agreement liability, short-term portion 0 1,025,837
Operating lease liability, short-term portion 747,951 736,970
Current liabilities of discontinued operations 0 2,681,530
Total current liabilities 5,619,320 11,867,968
Residual royalty agreement liability, long-term portion 0 8,850,792
Operating lease liability, long-term portion 2,640,965 2,905,309
Other liabilities 3,364,425 4,461,920
Long-term liabilities of discontinued operations 0 16,071
Total liabilities 11,624,710 28,102,060
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock; no shares issued and outstanding at March 31, 2025 and September 30, 2024 0 0
Common stock, par value $0.01 per share; 308,000,000 shares authorized, 148,767,624 and 148,567,624 shares issued and 146,583,920 and 146,383,920 shares outstanding at March 31, 2025 and September 30, 2024, respectively 1,487,676 1,485,676
Additional paid-in-capital 338,782,763 333,788,795
Accumulated other comprehensive loss 0 (581,519)
Accumulated deficit (311,416,601) (294,569,635)
Treasury stock, 2,183,704 shares, at cost (7,806,605) (7,806,605)
Total stockholders' equity 21,047,233 32,316,712
Total liabilities and stockholders' equity $ 32,671,943 $ 60,418,772