XML 35 R22.htm IDEA: XBRL DOCUMENT
v3.23.4

Common Stock, Stock Options and Warrants (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2023
Common Stock, Stock Options and Warrants [Abstract] |
Schedule of Fair Value of Stock Option Grants | The following assumptions were used in determining the fair value of stock option grants for the years ended September 30, 2023 and 2022:
|  | 2023 |  |  | 2022 |
Risk-free interest rate |  |  | 3.52 – 4.14% |  |  |  | 1.05 – 2.94% |
Expected dividend yield |  |  | 0.00% |  |  |  | 0.00% |
Expected term |  |  | 5.50 – 10 years |  |  |  | 6.50 – 10 years |
Expected volatility |  |  | 89 – 90% |  |  |  | 94 – 110% |
Schedule of Option Activity Under the Plans | A summary of option activity under the Citius Pharma plans (excluding the NoveCite and Citius Oncology Stock Plans) is presented below:
|  | Option Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term |  | Aggregate Intrinsic Value |
Outstanding at September 30, 2022 |  |  | 9,400,171 |  |  | $ | 2.07 |  |  | 7.81 years |  | $ | 869,509 |
Granted |  |  | 4,150,000 |  |  |  | 1.26 |  |  |  |  |  |  |
Exercised |  |  | (46,667 | ) |  |  | 0.67 |  |  |  |  |  | 34,067 |
Forfeited or expired |  |  | (198,333 | ) |  |  | 3.91 |  |  |  |  |  |  |
Outstanding at September 30, 2023 |  |  | 13,305,171 |  |  | $ | 1.79 |  |  | 7.41 years |  | $ | 56,203 |
Exercisable at September 30, 2023 |  |  | 6,558,507 |  |  | $ | 2.09 |  |  | 6.19 years |  | $ | 56,203 |
Schedule of Warrants Outstanding | The following table summarizes the warrants outstanding at September 30, 2023:
|  | Exercise price |  |  | Number |  |  | Expiration Dates
March 2018 Registered Direct/Private Placement Investors |  | $ | 2.86 |  |  |  | 218,972 |  |  | October 2, 2023
August 2018 Offering Investors |  |  | 1.15 |  |  |  | 3,921,569 |  |  | August 14, 2024
August 2018 Offering Agent |  |  | 1.59 |  |  |  | 189,412 |  |  | August 8, 2024
April 2019 Registered Direct/Private Placement Investors |  |  | 1.42 |  |  |  | 1,294,498 |  |  | April 5, 2024
April 2019 Registered Direct/Private Placement Agent |  |  | 1.93 |  |  |  | 240,130 |  |  | April 5, 2024
September 2019 Offering Investors |  |  | 0.77 |  |  |  | 2,793,297 |  |  | September 27, 2024
September 2019 Offering Underwriter |  |  | 1.12 |  |  |  | 194,358 |  |  | September 27, 2024
February 2020 Exercise Agreement Placement Agent |  |  | 1.28 |  |  |  | 138,886 |  |  | August 19, 2025
May 2020 Registered Direct Offering Investors |  |  | 1.00 |  |  |  | 1,670,588 |  |  | November 18, 2025
May 2020 Registered Direct Offering Placement Agent |  |  | 1.33 |  |  |  | 155,647 |  |  | May 14, 2025
August 2020 Underwriter |  |  | 1.31 |  |  |  | 201,967 |  |  | August 10, 2025
January 2021 Registered Direct Offering Investors |  |  | 1.23 |  |  |  | 3,091,192 |  |  | July 27, 2026
January 2021 Registered Direct Offering Agent |  |  | 1.62 |  |  |  | 351,623 |  |  | July 27, 2026
February 2021 Offering Investors |  |  | 1.70 |  |  |  | 20,580,283 |  |  | February 19, 2026
February 2021 Offering Agent |  |  | 1.88 |  |  |  | 2,506,396 |  |  | February 19, 2026
May 2023 Registered Direct Offering Investors |  |  | 1.50 |  |  |  | 12,500,001 |  |  | May 8, 2028
May 2023 Registered Direct Offering Agent |  |  | 1.50 |  |  |  | 875,000 |  |  | May 3, 2028
|  |  |  |  |  |  | 50,923,819 |  |  |
Schedule of Common Stock Reserved for Future Issuances | A summary of common stock reserved for future issuances as of September 30, 2023 is as follows:
Stock plan options outstanding |  |  | 13,305,171 |
Stock plan shares available for future grants |  |  | 11,735,000 |
Warrants outstanding |  |  | 50,923,819 |
Total |  |  | 75,963,990 |

X
- Definition Summary of common stock reserved for future issuances. + References No definition available. + Details
Name: | ctxr_ScheduleOfCommonStockReservedForFutureIssuancesTableTextBlock
Namespace Prefix: | ctxr_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option activity under the plans. + References No definition available. + Details
Name: | ctxr_ScheduleOfOptionActivityUnderThePlansTableTextBlock
Namespace Prefix: | ctxr_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration