Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Net revenues $ 4,135,301 $ 6,585,967 $ 6,276,027 $ 9,093,761
Cost of sales 3,457,002 2,493,892 4,447,276 4,299,631
Gross profit 678,299 4,092,075 1,828,751 4,794,130
Operating expenses:        
Research and development 2,986,791 17,860,701 4,636,841 38,471,828
Selling, general and administrative 7,580,340 12,834,494 15,881,771 30,380,359
Provision for credit losses   3,911,714 3,911,714
Impairment of intangible assets   3,900,000   3,900,000
Total operating expenses 10,567,131 38,506,909 20,518,612 76,663,901
Gain on sale of ENTADFI® assets     918,372  
Operating loss (9,888,832) (34,414,834) (17,771,489) (71,869,771)
Non-operating income (expenses):        
Interest expense (145,310) (697,693) (310,267) (1,570,923)
Change in fair value of derivative liabilities 21,000 1,200,000 19,000 530,000
Change in fair value of equity securities (192,030)   (571,928)  
Other income, net 361,226 56,994 442,318 277,926
Total non-operating income (expenses) 44,886 559,301 (420,877) (762,997)
Loss before income taxes (9,843,946) (33,855,533) (18,192,366) (72,632,768)
Income tax expense (benefit) 182,002 (66,559) 109,563 (134,837)
Net loss $ (10,025,948) $ (33,788,974) $ (18,301,929) $ (72,497,931)
Net loss per basic common shares outstanding $ (0.07) $ (0.42) $ (0.15) $ (0.90)
Basic weighted average common shares outstanding 146,381,186 80,834,453 123,366,486 80,695,046
Net loss per diluted common shares outstanding $ (0.07) $ (0.42) $ (0.15) $ (0.90)
Diluted weighted average common shares outstanding 146,381,186 80,834,453 123,366,486 80,695,046