Income Taxes (Tables)
|
12 Months Ended |
Sep. 30, 2019 |
|---|
| Income Taxes [Abstract] |
|
| Schedule of Income Before Income Taxes by Jurisdictions |
|
|
|
|
|
|
|
|
|
2019
|
|
2018
|
|
|
|
|
|
|
|
|
Domestic
|
$
|
(12,838,076)
|
|
$
|
(22,327,527)
|
|
Foreign
|
|
516,777
|
|
|
(744,760)
|
|
Total
|
$
|
(12,321,299)
|
|
$
|
(23,072,287)
|
|
| Reconciliation of Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019
|
|
2018
|
|
|
|
|
|
|
|
|
Income tax benefit at U.S. federal statutory rates
|
$
|
(2,587,472)
|
|
$
|
(5,820,180)
|
|
State income tax benefit, net of federal benefits
|
|
(200,385)
|
|
|
(1,148,308)
|
|
Effect of change in U.S. tax rate
|
|
—
|
|
|
3,319
|
|
Non-deductible expenses – other
|
|
8,171
|
|
|
14,856
|
|
Effect of lower foreign income tax rates
|
|
67,637
|
|
|
349,818
|
|
Effect of deemed dividend and repatriation tax
|
|
99,514
|
|
|
402,760
|
|
Effect of change in state tax rate
|
|
57,981
|
|
|
—
|
|
Other
|
|
51,490
|
|
|
265,330
|
|
Recharacterization of foreign tax credits to net operating loss
|
|
—
|
|
|
1,311,429
|
|
Change in valuation allowance
|
|
2,199,131
|
|
|
5,487,078
|
|
Income tax (benefit) expense
|
$
|
(303,933)
|
|
$
|
866,102
|
|
| Summary of Federal and State Income Tax Provision (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019
|
|
2018
|
|
|
|
|
|
|
|
|
Deferred – U.S.
|
$
|
(552,018)
|
|
$
|
629,381
|
|
Deferred – U.K.
|
|
76,246
|
|
|
34,612
|
|
Deferred – Malaysia
|
|
37,708
|
|
|
(33,843)
|
|
Subtotal
|
|
(438,064)
|
|
|
630,150
|
|
|
|
|
|
|
|
|
Current – U.S.
|
|
(2,728)
|
|
|
—
|
|
Current – U.K.
|
|
—
|
|
|
24,662
|
|
Current – Malaysia
|
|
136,859
|
|
|
211,290
|
|
Subtotal
|
|
134,131
|
|
|
235,952
|
|
|
|
|
|
|
|
|
Income tax (benefit) expense
|
$
|
(303,933)
|
|
$
|
866,102
|
|
| Significant Components of Deferred Tax Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019
|
|
2018
|
|
Deferred tax assets:
|
|
|
|
|
Federal net operating loss carryforwards
|
$
|
8,971,569
|
|
$
|
6,973,047
|
|
State net operating loss carryforwards
|
|
1,689,536
|
|
|
2,195,865
|
|
AMT credit carryforward
|
|
35,180
|
|
|
—
|
|
Foreign net operating loss carryforwards – U.K.
|
|
10,486,476
|
|
|
10,595,518
|
|
Foreign capital allowance – U.K.
|
|
103,400
|
|
|
102,098
|
|
U.K. bad debts
|
|
1,700
|
|
|
1,700
|
|
Share-based compensation – U.K.
|
|
49,081
|
|
|
17,586
|
|
U.S. deferred rent
|
|
43,558
|
|
|
22,902
|
|
Share-based compensation
|
|
804,378
|
|
|
622,442
|
|
Other, net – U.S.
|
|
356,026
|
|
|
91,419
|
|
Other, net – Malaysia
|
|
—
|
|
|
33,843
|
|
Gross deferred tax assets
|
|
22,540,904
|
|
|
20,656,420
|
|
Valuation allowance for deferred tax assets
|
|
(9,830,209)
|
|
|
(7,631,078)
|
|
Net deferred tax assets
|
|
12,710,695
|
|
|
13,025,342
|
|
Deferred tax liabilities:
|
|
|
|
|
|
|
In process research and development
|
|
(4,072,740)
|
|
|
(4,675,860)
|
|
Developed technology
|
|
(424,657)
|
|
|
(549,318)
|
|
Covenant not-to-compete
|
|
(65,993)
|
|
|
(94,321)
|
|
Other, net – Malaysia
|
|
(3,865)
|
|
|
—
|
|
Other
|
|
(6,376)
|
|
|
(6,843)
|
|
Net deferred tax liabilities
|
|
(4,573,631)
|
|
|
(5,326,342)
|
|
Net deferred tax asset
|
$
|
8,137,064
|
|
$
|
7,699,000
|
|
| Schedule of Deferred Tax Amounts Classified in Balance Sheets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019
|
|
2018
|
|
|
|
|
|
|
|
|
Long-term deferred tax asset – U.K.
|
$
|
8,433,669
|
|
$
|
8,509,915
|
|
Long-term deferred tax asset – Malaysia
|
|
—
|
|
|
33,843
|
|
Total long-term deferred tax asset
|
$
|
8,433,669
|
|
$
|
8,543,758
|
|
|
|
|
|
|
|
|
Long-term deferred tax liability – U.S.
|
$
|
(292,740)
|
|
$
|
(844,758)
|
|
Long-term deferred tax liability – Malaysia
|
|
(3,865)
|
|
|
—
|
|
Total long-term deferred tax liability
|
$
|
(296,605)
|
|
$
|
(844,758)
|
|