Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.23.3
Share-Based Compensation (Tables)
 12 Months Ended
Sep. 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 consolidated statements of operations as follows:

  

    2023     2022  
    Years ended September 30,  
    2023     2022  
Research and development   $ 121,265     $ 437,921  
General and administrative     127,361       438,447  
Share Based Compensation   $ 248,626     $ 876,368  
Schedule of Restricted Stock Units Activity

The following table summarizes RSU activity under the Plan:

  

          Weighted  
          Average Grant  
    RSU     Date Fair Value  
Unvested balance at October 1, 2021     1,179     $ 1,068.32  
Granted     2,103     $ 155.54  
Vested     (1,096 )   $ 1,091.20  
Forfeited     (24 )   $ 1,118.04  
Unvested balance at October 1, 2022     2,162     $ 175.56  
Granted     7,840     $ 21.47  
Vested     (2,162 )   $ 12.55  
Forfeited     (5,514 )   $ 21.34  
Unvested balance at September 30, 2023     2,326     $ 21.78  
Schedule of Restricted Stock Awards Activity

The following table summarizes RSA activity under the Plan:

  

          Weighted  
          Average Grant  
    RSA     Date Fair Value  
Unvested balance at October 1, 2022     —       —  
Granted     5,514     $ 28.27  
Unvested balance at September 30, 2023     5,514     $ 28.27