Debt (Tables) |
12 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Debt [Abstract] | |
| Credit Agreement | 2021 2020 Aggregate repayment obligation$ 17,650,000 $ 17,650,000Less: cumulative payments (17,650,000) (10,314,495)Remaining repayment obligation — 7,335,505Less: unamortized discounts — (1,459,330)Less: unamortized deferred issuance costs — (34,301)Credit agreement liability$ — $ 5,841,874 |
| Residual Royalty Agreement Liability | 2021 2020 Residual royalty agreement liability, fair value at inception$ 346,000 $ 346,000Add: accretion of liability using effective interest rate 5,582,110 2,189,687Less: cumulative payments (1,144,763) —Residual royalty agreement liability, excluding embedded derivative liability 4,783,347 2,535,687Add: embedded derivative liability at fair value (see Note 3) 7,851,000 4,182,000Total residual royalty agreement liability 12,634,347 6,717,687Residual royalty agreement liability, short-term portion (3,237,211) (1,100,193)Residual royalty agreement liability, long-term portion$ 9,397,136 $ 5,617,494 |
| Credit Agreement Interest Expense | 2021 2020 Amortization of discounts$ 1,459,330 $ 3,131,644Accretion of residual royalty agreement 3,392,423 1,416,169Amortization of deferred issuance costs 34,301 73,609Interest expense$ 4,886,054 $ 4,621,422 |
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- References No definition available.
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Credit Agreement Interest Expense [Table Text Block] No definition available.
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