Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.23.2
Share-Based Compensation (Tables)
 9 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Expense

The Company recorded share-based compensation expense associated with the RSUs and RSAs in its accompanying unaudited interim consolidated statements of operations as follows:

 

   

Three Months Ended

     Nine Months Ended     Three Months Ended     Nine Months Ended  
    June 30, 2023     June 30, 2023     June 30, 2022     June 30, 2022  
Research and development   $ 24,554     $ 102,807     $ 64,476     $ 394,558  
General and administrative     25,451       95,813       43,416       396,300  
Share Based Compensation   $ 50,005     $ 198,620     $ 107,892     $ 790,858  
Schedule of Restricted Stock Units Activity

The following table summarizes RSU activity under the Plan:

 

    RSU     Weighted Average Grant Date Fair Value  
Unvested balance at October 1, 2022     47,798     $ 7.89  
Granted     172,672     $ 0.98  
Vested     (47,803 )   $ 0.57  
Forfeited/cancelled     (121,366 )   $ 0.97  
Unvested balance at June 30, 2023     51,301     $ 0.54  
Schedule of Restricted Stock Awards Activity

The following table summarizes RSA activity under the Plan:

 

    RSA     Weighted Average Grant Date Fair Value  
Unvested balance at October 1, 2022     —     $ —  
Granted     121,366     $ 1.29  
Vested     —     $ —  
Forfeited/cancelled     —     $ —  
Unvested balance at June 30, 2023     121,366     $ 1.29