XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The Company’s U.S. and foreign loss before income taxes are set forth below:

		2019				2018
United States			(18,031,016	)			(14,681,272	)
Foreign			(8,181,782	)			(2,498,718	)
Total			(26,212,798	)			(17,179,990	)

Schedule of deferred tax assets and liabilities

The components of net deferred income tax assets as of September 30, 2019 and 2018 are as follows:

		2019				2018
Net operating loss carryforwards		$	18,704,000			$	13,556,000
Research and development tax credit carryforwards			1,162,000				1,605,000
Stock-based compensation			6,570,000				4,677,000
Unpaid charges			69,000				91,000
Intangible asset costs			30,000				35,000
Foreign exchange and other			15,000				16,000
Valuation allowance deferred tax assets			(26,551,000	)			(19,981,000	)
Net deferred tax assets		$	-			$	-

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense at the statutory federal income tax rate and income taxes as reflected in the financial statements for the years ended September 30, 2019 and 2018 is as follows:

		2019				2018
Income benefit at statutory federal rate		$	(5,505,000	)		$	(4,215,000	)
Foreign income taxed at other rates			(825,000	)			(173,000	)
Other permanent differences			140,000				131,000
Research and development credit benefit			914,000				(102,000	)
Adjustment and true up to prior years' tax provision			194,000				(82,000	)
Effect of changes in tax rates			-				6,832,000
State minimum and excise taxes			82,181				72,746
Change in federal valuation allowance			5,082,000				(2,391,000	)
Income tax expense		$	82,181			$	72,746

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration