Debt (Residual Royalty Agreement Liability) (Details) - USD ($) |
12 Months Ended | |
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Sep. 30, 2019 |
Sep. 30, 2018 |
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Add: Accretion of liability using effective interest rate | $ 572,293 | $ 201,225 |
Residual royalty agreement | 3,845,518 | 1,753,805 |
Residual Royalty Agreement [Member] | ||
Residual Royalty Agreement liability, fair value at inception | 346,000 | 346,000 |
Less: unamortized discounts | (2,420) | |
Add: Accretion of liability using effective interest rate | 773,518 | 201,225 |
Residual Royalty Agreement liability, net | 1,119,518 | 544,805 |
Add: embedded derivative liability at fair value (see Note 3) | 2,726,000 | 1,209,000 |
Residual royalty agreement | $ 3,845,518 | $ 1,753,805 |
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Residual Royalty Agreement liability, net No definition available.
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- Definition Residual Royalty Agreement, Noncurrent No definition available.
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- Definition Unamortized discounts No definition available.
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- Details
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