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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2022
Income Taxes  
Schedule of Income tax expense

Year ended September 30, 

    

2022

    

2021

State tax

 

$

2,800

 

$

2,000

Schedule of tax expense reconciliation

Year ended September 30, 

 

    

2022

    

2021

 

U.S. federal statutory rate

(21.0)

%  

(21.0)

%

State taxes, net of federal benefit

 

(7.1)

 

(7.0)

Net operating loss

 

 

1.9

Permanent differences

 

 

0.4

Research and development credit

 

(3.5)

 

(3.7)

Change in valuation allowance

 

32.1

 

30.7

Other

 

(0.5)

 

(1.3)

Effective income tax rate

 

(0.0)

%  

(0.0)

%

Schedule of deferred taxes

September 30, 

    

2022

    

2021

Deferred tax assets:

  

  

Net operating loss carryforwards

$

83,971,779

$

67,778,970

Stock-based compensation

 

4,331,889

 

2,168,228

Lease liability

7,588

31,577

Research and development credit carryforward

 

11,166,153

 

8,842,001

Foreign tax credits

 

2,357,309

 

2,357,309

Accruals and others

 

815,310

 

348,605

Gross deferred tax assets

 

102,650,028

 

81,526,690

Less: valuation allowance

 

(102,630,250)

 

(81,449,372)

 

19,778

 

77,318

Deferred tax liabilities:

 

  

 

  

Property and equipment

 

 

(45,995)

Right-of-use assets

 

(19,778)

 

(31,323)

Net deferred tax assets

$

$

Schedule of reconciliation of unrecognized tax benefits

Year ended September 30, 

2022

2021

Balance at beginning of year

    

$

1,856,629

    

$

1,856,629

Changes based on tax positions related to the current year

 

 

Balance at end of year

$

1,856,629

$

1,856,629