Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
6 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of Lease Cost



 

 

 

 

 



Three Months Ended

 

Six Months Ended



March 31, 2020

 

March 31, 2020

Finance lease cost:

 

 

 

 

 

Amortization of right-of-use assets

$

2,179 

 

$

4,357 

Interest on lease liabilities

 

1,379 

 

 

2,859 

Operating lease cost

 

121,106 

 

 

253,680 

Short-term lease cost

 

1,863 

 

 

3,726 

Variable lease cost

 

33,671 

 

 

67,136 

Sublease income

 

(44,845)

 

 

(89,689)

Total lease cost

$

115,353 

 

$

242,069 



Summary of Lease Information



 



March 31, 2020

Operating Leases

 

Weighted-average remaining lease term

4.3

Weighted-average discount rate

12.01%

Finance Leases

 

Weighted-average remaining lease term

1.9

Weighted average discount rate

13.86%



Schedule of Maturities of Lease Liabilities



 

 

 

 

 

 

 

 



Operating

 

Finance

 

Sublease



Leases

 

Leases

 

Income

Fiscal year ended September 30,

 

 

 

 

 

 

 

 

2020

$

211,163 

 

$

10,812 

 

$

97,081 

2021

 

428,848 

 

 

22,199 

 

 

198,668 

2022

 

347,841 

 

 

9,496 

 

 

203,584 

2023

 

293,045 

 

 

 —

 

 

190,749 

2024

 

189,335 

 

 

 —

 

 

 —

Thereafter

 

162,672 

 

 

 —

 

 

 —

Total lease payments

 

1,632,904 

 

 

42,507 

 

$

690,082 

Less imputed interest

 

(362,819)

 

 

(5,498)

 

 

 

Total lease liabilities

$

1,270,085 

 

$

37,009 

 

 

 



Schedule of Future Minimum Payments Under Leases



 

 

 

 

 

 

 

 



Operating

 

Sublease

 

 



Leases

 

Income

 

Net Total

Fiscal year ended September 30,

 

 

 

 

 

 

 

 

2020

$

469,002 

 

$

193,753 

 

$

275,249 

2021

 

433,751 

 

 

198,668 

 

 

235,083 

2022

 

337,456 

 

 

203,584 

 

 

133,872 

2023

 

114,493 

 

 

190,749 

 

 

(76,256)

2024

 

11,238 

 

 

 —

 

 

11,238 

Total minimum lease payments

$

1,365,940 

 

$

786,754 

 

$

579,186