Accrued Expenses (Tables)

3 Months Ended

Dec. 31, 2025

Accrued Expenses

Schedule of accrued expenses

	December 31, 2025			September 30, 2025
Compensation	$	1,554,514		$	1,437,049
Severance and related costs		855,132	(i)		1,590,835
Professional fees		458,394			195,623
Research and development		1,047,662			1,188,212
Accrued rebates		439,269			317,754
Other accrued expenses		359,055			584,847
	$	4,714,026		$	5,314,320

(i) In December 2024 and September 2025, the Company implemented workforce reductions to conserve capital. Both the Company’s Chief Executive Officer and Chief Commercial Officer departed from the Company during the fiscal year ended September 30, 2025, and their departures each constituted terminations without cause. Accordingly, each was entitled to 12 months of base salary, a lump sum of 100% of their target bonus for the year, employee benefits for up to 12 months, full vesting of 50% of his unvested equity awards, and reimbursement of expenses owed up to their termination dates. At a minimum, all employees affected by the workforce reduction were eligible to receive severance payments and paid COBRA premiums for a specified time period post-termination, subject to execution of a general release of claims against the Company.

During the three months ended December 31, 2024, the Company recognized $1,428,455 in severance related charges in connection with the workforce reduction, consisting of cash-based expenses related to employee severance and notice period payments, benefits and related costs. In addition, during the three months ended December 31, 2024, the Company recorded a non-cash expense totaling $2,079,083 related to stock-based compensation for accelerated equity awards for the former Chief Executive Officer. During the three months ended December 31, 2025 and 2024, the Company made total cash payments related to severance and related charges of $735,703 and $40,058, respectively.