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Income taxes (Tables)
12 Months Ended
Sep. 30, 2020
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities
The significant components of the Company’s deferred tax assets and liabilities are as follows:
 
   
September 30,
 
(in thousands)
  
2020
   
2019
 
Net operating loss carryforwards
  $112,434   $73,341 
Research and development credit carryforwards
   9,407    6,831 
Operating lease liability
 
 
 
7,506
 
 
 
 
Other
   5,639    4,553 
  
 
 
   
 
 
 
Gross deferred tax assets
   134,986    84,725 
Less: Valuation allowance
   (127,336   (84,598
  
 
 
   
 
 
 
Net deferred tax assets
   7,650    127 
  
 
 
   
 
 
 
Fixed assets
   (105   (1
Operating lease right-of-use asset
   (7,498   —   
Intangible assets
   (47   (126
  
 
 
   
 
 
 
Gross deferred tax liabilities
   (7,650   (127
  
 
 
   
 
 
 
Total net deferred tax asset
  $—     $—   
  
 
 
   
 
 
 
Schedule of Effective Income Tax Rate Reconciliation
The following is a reconciliation of the statutory federal income tax rate to the Company’s effective tax rate:
 
 
  
Year ended
September 30,
 
 
  
2020
 
 
2019
 
 
2018
 
Tax expense computed at the federal statutory rat
e
  
 
21
 
 
21
 
 
24
Change in valuation allowance
  
 
(25
)% 
 
 
(22
)% 
 
 
4
Research and development credit benefit
  
 
1
 
 
1
 
 
1
Change in federal tax rate
  
 
—  
 
 
 
—  
 
 
 
(28
)% 
Stock-based compensation
 
 
3
%
 
 
 
 
 
 
Other expenses
  
 
 
 
 
—  
 
 
 
(1
)% 
 
  
 
 
 
 
 
 
 
 
 
 
 
Total income tax expense
  
 
—  
 
 
— 
 
 
— 
 
  
 
 
 
 
 
 
 
 
 
 
 
Schedule of Unrecognized Tax Benefits Roll Forward
The aggregate changes in the balance of gross unrecognized tax benefits are as follows:
 
(in thousands)
  
Federal
and state
 
Balance as of September 30, 2017
  $ 1,625 
Increases related to tax positions taken during 2018
   624 
  
 
 
 
Balance as of September 30, 2018
   2,249 
Increases related to tax positions taken during 2019
   1,042 
  
 
 
 
Balance as of September 30, 2019
   3,291 
Increases related to tax positions taken during 2020
   1,409 
  
 
 
 
Balance as of September 30, 2020
  $4,700