XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.21.2

BASIS OF PRESENTATION AND SUMMARY OF ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2021
BASIS OF PRESENTATION AND SUMMARY OF ACCOUNTING POLICIES |
Schedule of operations and timing of revenue recognition | The following table presents revenues disaggregated by our business operations and timing of revenue recognition:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Years Ended:
​ | ​ | September 30,
​ | ​ | 2021 |  | 2020
Research and development services (over-time) | ​ | $ | 799,718 | ​ | $ | 1,128,511
Clinical laboratory testing services (point-in-time) | ​ | ​ | 4,794,154 | ​ | ​ | 77,550
Product and authentication services (point-in-time): | ​ | ​ | ​ | ​ |  | ​
Supply chain | ​ | ​ | 1,003,248 | ​ |  | 38,577
Asset marking | ​ | ​ | 458,409 | ​ |  | 404,888
Large scale DNA production | ​ | ​ | — | ​ |  | 281,971
Diagnostic test kits | ​ | ​ | 1,972,209 | ​ | ​ | —
Total | ​ | $ | 9,027,738 | ​ | $ | 1,931,497
Schedule of opening and closing contract balances | The opening and closing balances of the Company’s contract balances are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | October 1, |  | September 30, |  | $
​ | ​ | Balance sheet classification | ​ | 2020 | ​ | 2021 | ​ | change
Contract liabilities |  | Deferred revenue | ​ | $ | 511,036 | ​ | $ | 281,000 | ​ | $ | (230,036)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | October 1, |  | September 30, |  | $
​ | ​ | Balance sheet classification | ​ | 2019 | ​ | 2020 | ​ | change
Contract liabilities | ​ | Deferred revenue | ​ | $ | 628,993 | ​ | $ | 511,036 | ​ | $ | (117,957)
Schedule of property, plant and equipment | NOTE C – BASIS OF PRESENTATION AND SUMMARY OF ACCOUNTING POLICIES, continued ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30,
​ |  | 2021 |  | 2020
Computer equipment | ​ | $ | — | ​ | $ | 90,509
Lab equipment | ​ | ​ | 3,565,057 | ​ |  | 3,036,397
Furniture | ​ | ​ | — | ​ |  | 74,781
Vehicles | ​ | ​ | 108,361 | ​ | ​ | —
Leasehold improvements | ​ | ​ | 124,825 | ​ |  | 524,485
Total | ​ | ​ | 3,798,243 | ​ |  | 3,726,172
Accumulated depreciation | ​ | ​ | 774,328 | ​ |  | 2,448,517
Property and equipment, net | ​ | $ | 3,023,915 | ​ | $ | 1,277,655
Schedule of anti-dilutive securities not included computation of net loss per share | ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2021 |  | 2020
Warrants | ​ | 745,268 | ​ | 1,038,919
Options | ​ | 487,377 |  | 291,035
Secured convertible note | ​ | — | ​ | 70,962
​ | ​ | 1,232,645 |  | 1,400,916

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

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration