Debt (Tables)
|
6 Months Ended |
Mar. 31, 2021 |
|---|
| Debt [Abstract] |
|
| Credit Agreement |
|
|
|
|
|
|
|
|
|
March 31,
|
|
September 30,
|
|
|
2021
|
|
2020
|
|
|
|
|
|
|
|
|
Aggregate repayment obligation
|
$
|
17,650,000
|
|
$
|
17,650,000
|
|
Less: cumulative payments
|
|
(12,786,300)
|
|
|
(10,314,495)
|
|
Remaining repayment obligation
|
|
4,863,700
|
|
|
7,335,505
|
|
Less: unamortized discounts
|
|
(386,841)
|
|
|
(1,459,330)
|
|
Less: unamortized deferred issuance costs
|
|
(9,093)
|
|
|
(34,301)
|
|
Credit agreement liability
|
$
|
4,467,766
|
|
$
|
5,841,874
|
|
| Residual Royalty Agreement Liability |
|
|
|
|
|
|
|
|
|
March 31,
|
|
September 30,
|
|
|
2021
|
|
2020
|
|
|
|
|
|
|
|
|
Residual royalty agreement liability, fair value at inception
|
$
|
346,000
|
|
$
|
346,000
|
|
Add: accretion of liability using effective interest rate
|
|
3,532,724
|
|
|
2,189,687
|
|
Residual royalty agreement liability, excluding embedded derivative liability
|
|
3,878,724
|
|
|
2,535,687
|
|
Add: embedded derivative liability at fair value (see Note 3)
|
|
4,839,000
|
|
|
4,182,000
|
|
Total residual royalty agreement liability
|
|
8,717,724
|
|
|
6,717,687
|
|
Residual royalty agreement liability, short-term portion
|
|
(2,805,741)
|
|
|
(1,100,193)
|
|
Residual royalty agreement liability, long-term portion
|
$
|
5,911,983
|
|
$
|
5,617,494
|
|
| Credit Agreement Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
March 31,
|
|
March 31,
|
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of discounts
|
$
|
499,629
|
|
$
|
844,592
|
|
$
|
1,072,489
|
|
$
|
1,706,578
|
|
Accretion of residual royalty agreement
|
|
740,179
|
|
|
300,519
|
|
|
1,343,037
|
|
|
559,697
|
|
Amortization of deferred issuance costs
|
|
11,743
|
|
|
19,851
|
|
|
25,208
|
|
|
40,112
|
|
Interest expense
|
$
|
1,251,551
|
|
$
|
1,164,962
|
|
$
|
2,440,734
|
|
$
|
2,306,387
|
|