Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Balance Sheets

v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Sep. 30, 2025
Current assets:    
Cash, cash equivalents, and restricted cash $ 27,596,820 $ 15,794,562
Investments in equity securities 3,167,733 2,525,305
Prepaid expenses and other current assets 2,590,923 595,251
Total current assets 33,355,476 18,915,118
Property and equipment, net 308,421 364,808
Operating lease right-of-use assets 2,479,348 2,746,014
Goodwill 6,878,932 6,878,932
Other assets 60,549 930,847
Total assets 43,082,726 29,835,719
Liabilities and Stockholders' Equity    
Accounts payable 2,071,710 3,121,448
Accrued compensation 2,164,000 3,510,237
Accrued expenses and other current liabilities 382,876 394,529
Operating lease liability, short-term portion 770,257 758,946
Total current liabilities 5,388,843 7,785,160
Operating lease liability, long-term portion 2,063,089 2,358,018
Other liabilities 845,173 1,359,871
Total liabilities 8,297,105 11,503,049
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock; no shares issued and outstanding at March 31, 2026 and September 30, 2025 0 0
Common stock, par value $0.01 per share; 308,000,000 shares authorized, 16,268,690 and 14,868,690 shares issued and 16,050,320 and 14,650,320 shares outstanding at March 31, 2026 and September 30, 2025, respectively 162,687 148,687
Additional paid-in-capital 367,799,164 343,286,502
Accumulated other comprehensive loss 0 0
Accumulated deficit (325,369,625) (317,295,914)
Treasury stock, 218,370 shares, at cost (7,806,605) (7,806,605)
Total stockholders' equity 34,785,621 18,332,670
Total liabilities and stockholders' equity $ 43,082,726 $ 29,835,719