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Other Income
3 Months Ended
Dec. 31, 2018
Component of Operating Income [Abstract]  
Other Income
Note 3 Other Income

 

Grant Income

 

Clinical Study Grant

 

During the year ended September 30, 2017, the Company was awarded grant funding in the amount of $597,886. The grant is being received in equal quarterly installments over a period of two years beginning during the year ended September 30, 2018 in exchange for a commitment to complete clinical testing for a therapeutic drug candidate for the treatment of Rett syndrome.

 

The grant income is deferred when received and amortized to other income as the related research and development expenditures are incurred. During the three months ended December 31, 2018, the Company recognized $74,528 (2017: $Nil) of this grant on its statement of operations within grant income.