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Accrued Expenses and Other Liabilities
 12 Months Ended
Sep. 30, 2020
Payables and Accruals [Abstract]  
Accrued Expenses

NOTE 6 - Accrued Expenses and Other Liabilities

 

Accrued expenses consisted of the following at September 30, 2020 and 2019:

 

   As of
September 30,		 
   2020   2019 
Legal services  $—   $228,709 
Accrued payroll   238,212    171,087 
Operating lease liability, short term   57,848    — 
Accrued issuance costs   50,400    50,400 
Other   166,302    167,525 
Total  $512,762   $617,721 

 

The "other" category is primarily comprised of board fees.

 

Paycheck Protection Program

 

The CARES Act, signed into law in March 2020, established the Paycheck Protection Program ("PPP"). The PPP authorizes over $600 billion in forgivable loans to small businesses. Loan amounts are forgiven to the extent proceeds are used to cover documented payroll, mortgage interest, rent, and utility costs over a 24-week measurement period following loan funding. There can be no assurance that this PPP loan will be forgiven. Loans have a maturity of 2 years and an interest rate of 1%. Prepayments may be made without penalty. In April 2020, the Company received loan funding of $83,333 under the PPP and was recorded as a long-term liability. Interest in connection with the PPP was nominal during the year ended September 30, 2020.