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BASIS OF PRESENTATION AND SUMMARY OF ACCOUNTING POLICIES (Tables) | 12 Months Ended
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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

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