Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
 3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES    
Net loss $ (4,257,152) $ (1,366,181)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 44,229 89,284
Amortization of intangible assets 68,816 26,729
Share-based compensation 207,454 317,311
Warrants issued   542,930
Deferred income taxes (3,297,000) (591,573)
Loss on settlement of accounts receivable 3,764,137  
Other (5,000) 4,469
Changes in current assets and liabilities, net of effects of acquisition of a business:    
Decrease in accounts receivable 3,226,930 2,391,226
Decrease in income tax receivable   191
(Increase) decrease in inventory (299,112) 111,404
Decrease (increase) in prepaid expenses and other assets 68,369 (75,378)
Decrease in accounts payable (168,347) (522,125)
Decrease in unearned revenue (24,501)  
Increase in accrued expenses and other current liabilities 967,839 237,678
Net cash provided by operating activities 296,662 1,165,965
INVESTING ACTIVITIES    
Capital expenditures (1,914) (65,623)
Net cash used in investing activities (1,914) (65,623)
Net increase in cash 294,748 1,100,342
CASH AT BEGINNING OF PERIOD 3,277,602 2,385,082
CASH AT END OF PERIOD 3,572,350 3,485,424
Schedule of noncash financing and investing activities:    
Issuance of common stock in connection with the APP Acquisition   1,826,097
Issuance of Series 4 Preferred Stock in connection with the APP Acquisition   17,981,883
Reduction of accrued expense upon issuance of shares   $ 22,176
Shares issued in connection with common stock purchase 347,081  
Increase in deferred assets from accrued expenses $ 75,920