Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 16,213,136 $ 80,190,675
Accounts receivable, net 5,082,878 3,550,895
Notes receivable, short term portion 8,536,535  
Inventories, net 6,489,968 8,618,944
Prepaid research and development costs 5,532,410 10,444,587
Prepaid expenses and other current assets 1,366,237 1,964,373
Total current assets 43,221,164 104,769,474
Plant and equipment, net 1,492,183 1,185,766
Operating lease right-of-use assets 4,495,336 4,786,915
Deferred income taxes 13,098,090 12,965,985
Intangible assets, net 23,810 3,977,381
Goodwill 6,878,932 6,878,932
Notes receivable, long-term portion 4,437,850  
Other assets 1,548,049 1,561,564
Total assets 75,195,414 136,126,017
Current liabilities:    
Accounts payable 18,118,594 22,003,394
Accrued research and development costs 1,112,788 9,071,503
Accrued compensation 3,546,470 5,986,557
Accrued expenses and other current liabilities 2,789,733 2,249,995
Residual royalty agreement liability, short-term portion 1,061,893 1,169,095
Operating lease liability, short-term portion 1,056,702 957,085
Total current liabilities 27,686,180 41,437,629
Residual royalty agreement liability, long-term portion 9,276,735 9,656,441
Operating lease liability, long-term portion 3,805,137 4,093,667
Deferred income taxes   81,067
Other liabilities 40,111 18,577
Total liabilities 40,808,163 55,287,381
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, no shares issued and outstanding at June 30, 2023 and September 30, 2022
Common stock, par value $0.01 per share; 154,000,000 shares authorized, 91,420,436 and 82,692,598 shares issued and 89,236,732 and 80,508,894 shares outstanding at June 30, 2023 and September 30, 2022, respectively 914,204 826,926
Additional paid-in-capital 276,756,250 253,974,032
Accumulated other comprehensive loss (581,519) (581,519)
Accumulated deficit (234,895,079) (165,574,198)
Treasury stock, 2,183,704 shares, at cost (7,806,605) (7,806,605)
Total stockholders' equity 34,387,251 80,838,636
Total liabilities and stockholders' equity $ 75,195,414 $ 136,126,017