ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

10. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and accrued other current liabilities consisted of the following as of June 30, 2024, and September 30, 2023:

	June 30, 2024		September 30, 2023
Accrued liabilities		33,797		11,154
Interest payable		486,066		289,101
Provision for guaranteed commitment fees (1)		1,301,835		1,042,500
Accrued payroll		150,712		3,875
Deferred compensation		717,512		571,763
License Fees Payable		40,402		40,402
Insurance finance liability		52,246		23,772
	$	2,782,570	$	1,982,567

(1) Under the terms of the August 2021 Note, the February 2022 Note, the May 2022 Note, the February 2023 Letter Agreement and the June 19, 2023, Letter Agreement, the Company issued a total of 2,825,000 shares of common stock or pre-funded warrants as commitment fees. If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000. The difference between the fair value of the 2,825,000 shares as on June 30, 2024, and the guaranteed sale amount was recorded as a provision for guaranteed commitment fees and included in the table above.