Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.24.1
Debt (Tables)
12 Months Ended
Sep. 30, 2023
Debt [Abstract]  
Residual Royalty Agreement Liability

2023

2022

Residual royalty agreement liability, fair value at inception

$

346,000

$

346,000

Add: accretion of liability using effective interest rate

12,377,949

9,950,908

Less: cumulative payments

(4,320,190)

(3,765,372)

Residual royalty agreement liability, excluding embedded derivative liability

8,403,759

6,531,536

Add: embedded derivative liability at fair value (see Note 3)

1,331,000

4,294,000

Total residual royalty agreement liability

9,734,759

10,825,536

Residual royalty agreement liability, short-term portion

(864,623)

(1,169,095)

Residual royalty agreement liability, long-term portion

$

8,870,136

$

9,656,441