v3.26.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Consolidated Statements of Operations        
Revenues, net $ 8,700 $ 1,505,322 $ (1,071,694) $ 1,505,322
Cost of revenues 16,965 439,815 195,918 439,815
Gross profit (8,265) 1,065,507 (1,267,612) 1,065,507
Operating expenses:        
Research and development 3,251,099 7,134,706 11,385,971 21,201,875
Selling, general and administrative 7,550,845 9,679,481 25,667,565 29,610,692
Loss from operations (10,810,209) (15,748,680) (38,321,148) (49,747,060)
Loss (Gain) on equity method investment 41,013 30,884 124,765 100,588
Interest (income) expense, net (7) 49,351 (10) 18,972
Loss from change in fair value of promissory notes 1,103,000 2,323,977 5,351,336 5,739,005
Warrant inducement expenses       33,856,814
(Gain) loss from change in fair value of warrant liability 7,036,009 1,999,610 2,989,800 (40,333,145)
(Gain) loss on extinguishment of debt 1,329,048   1,043,448  
Net loss before income taxes (20,319,272) (20,152,502) (47,830,487) (49,129,294)
Income tax expense       2,800
Net loss $ (20,319,272) $ (20,152,502) $ (47,830,487) $ (49,132,094)
Per share information:        
Loss per share of common stock, basic (in dollars per share) $ (0.15) $ (0.55) $ (0.51) $ (1.6)
Loss per share of common stock, diluted (in dollars per share) $ (0.15) $ (0.55) $ (0.51) $ (1.6)
Weighted average shares outstanding, basic (in shares) 136,743,333 36,956,582 93,232,060 30,663,988
Weighted average shares outstanding, diluted (in shares) 136,743,333 36,956,582 93,232,060 30,663,988