XML 38 R25.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2020

Income Taxes [Abstract]

Schedule of income tax benefit differs from the amount of income tax determined by applying the U.S. federal income tax rate

		2020				2019
Computed "expected" tax benefit			(21.0	)%			(21.0	)%
Increase (decrease) in income taxes resulting from:
State taxes, net of federal benefit			(6.3	)%			(6.3	)%
Permanent differences			0.7	%			0.1	%
Increase in the valuation reserve			26.6	%			27.2	%
			0.0	%			0.0	%

Schedule of deferred tax assets and liabilities

		September 30, 2020				September 30, 2019
Deferred tax assets:
Net operating loss carryforward		$	14,498,000			$	10,994,000
Stock-based compensation			915,000				1,133,000
Other			1,507,000				1,202,000
Valuation allowance on deferred tax assets			(16,920,000	)			(13,329,000	)
Total deferred tax assets			—				—
Deferred tax liabilities:
In-process research and development			(4,985,800	)			(4,985,800	)
Total deferred tax liability			(4,985,800	)			(4,985,800	)
Net deferred tax liability		$	(4,985,800	)		$	(4,985,800	)