Annual report pursuant to Section 13 and 15(d)

Note 14 - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details)

v3.24.4
Note 14 - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Deferred tax assets:    
Federal net operating loss carryforwards $ 34,485,560 $ 29,100,871
State net operating loss carryforwards 3,662,406 3,322,715
Foreign net operating loss carryforwards – U.K. 15,303,535 15,749,809
Foreign capital allowance – U.K. 184,779 174,748
Share-based compensation 10,198,368 7,896,221
U.S. research and development tax credit carryforward 7,647,885 8,303,411
U.S. research and development expense 8,969,277 9,771,166
Accrued compensation 911,277 190,397
Interest expense 2,241,652 2,602,890
U.S. credit loss provision 885,562 885,562
Gross deferred tax assets 85,238,075 78,293,666
Valuation allowance for deferred tax assets (72,502,102) (65,135,088)
Net deferred tax assets 12,735,973 13,158,578
Deferred tax liabilities:    
Change in fair value of derivative liability (395,736) (449,812)
Covenant not-to-compete 0 (1,347)
Net deferred tax liabilities (395,736) (451,159)
Net deferred tax asset, total 12,340,237 12,707,419
UNITED KINGDOM    
Deferred tax assets:    
Share-based compensation 299,868 217,821
Other, net 2,500 2,500
Deferred tax liabilities:    
Net deferred tax asset, total 12,280,245 12,703,373
MALAYSIA    
Deferred tax assets:    
Other, net 59,992 4,046
Deferred tax liabilities:    
Net deferred tax asset, total 59,992 4,046
UNITED STATES    
Deferred tax assets:    
Other, net $ 385,414 $ 71,509