Debt (Tables)
|
6 Months Ended |
Mar. 31, 2020 |
|---|
| Debt [Abstract] |
|
| Credit Agreement |
|
|
|
|
|
|
|
|
|
March 31,
|
|
September 30,
|
|
|
2020
|
|
2019
|
|
|
|
|
|
|
|
|
Aggregate repayment obligation
|
$
|
17,650,000
|
|
$
|
17,650,000
|
|
Less: cumulative payments
|
|
(6,522,697)
|
|
|
(5,578,085)
|
|
Less: unamortized discounts
|
|
(2,884,396)
|
|
|
(4,590,974)
|
|
Less: unamortized deferred issuance costs
|
|
(67,798)
|
|
|
(107,910)
|
|
Credit agreement, excluding embedded derivative liability, net
|
|
8,175,109
|
|
|
7,373,031
|
|
Add: embedded derivative liability at fair value (see Note 3)
|
|
821,000
|
|
|
899,000
|
|
Credit agreement, net
|
|
8,996,109
|
|
|
8,272,031
|
|
Credit agreement, short-term portion
|
|
(6,662,842)
|
|
|
(5,385,649)
|
|
Credit agreement, long-term portion
|
$
|
2,333,267
|
|
$
|
2,886,382
|
|
| Residual Royalty Agreement Liability |
|
|
|
|
|
|
|
|
|
March 31,
|
|
September 30,
|
|
|
2020
|
|
2019
|
|
|
|
|
|
|
|
|
Residual royalty agreement liability, fair value at inception
|
$
|
346,000
|
|
$
|
346,000
|
|
Add: accretion of liability using effective interest rate
|
|
1,333,215
|
|
|
773,518
|
|
Residual royalty agreement liability, excluding embedded derivative liability
|
|
1,679,215
|
|
|
1,119,518
|
|
Add: embedded derivative liability at fair value (see Note 3)
|
|
2,729,000
|
|
|
2,726,000
|
|
Residual royalty agreement liability
|
$
|
4,408,215
|
|
$
|
3,845,518
|
|
| Credit Agreement Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
March 31,
|
|
March 31,
|
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of discounts
|
$
|
844,592
|
|
$
|
1,107,622
|
|
$
|
1,706,578
|
|
$
|
2,265,828
|
|
Accretion of residual royalty agreement
|
|
300,519
|
|
|
123,946
|
|
|
559,697
|
|
|
216,297
|
|
Amortization of deferred issuance costs
|
|
19,851
|
|
|
26,704
|
|
|
40,112
|
|
|
54,570
|
|
Interest expense
|
$
|
1,164,962
|
|
$
|
1,258,272
|
|
$
|
2,306,387
|
|
$
|
2,536,695
|
|