| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] |
Prepaid
expenses consisted of the following as of September 30, 2024 and 2023:
| | |
September 30,
2024 | | |
September 30,
2023 | |
| Insurance | |
$ | 28,333 | | |
$ | 28,333 | |
| Other | |
| 13,000 | | |
| 12,000 | |
| Income Tax Expense | |
$ | 41,333 | | |
$ | 40,833 | |
|
| Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] |
Accrued
expenses and accrued other current liabilities consisted of the following as of September 30, 2024 and 2023:
| | |
September 30,
2024 | | |
September 30,
2023 | |
| Accrued liabilities | |
| 34,477 | | |
| 11,154 | |
| Interest payable | |
| 650,303 | | |
| 289,101 | |
| Provision for guaranteed commitment fees (1) | |
| 1,301,553 | | |
| 1,042,500 | |
| Accrued payroll | |
| 202,710 | | |
| 3,875 | |
| Deferred compensation | |
| 765,231 | | |
| 571,763 | |
| License Fees Payable | |
| 40,402 | | |
| 40,402 | |
| Insurance finance liability | |
| 26,332 | | |
| 23,772 | |
| Stock payable liability (2) | |
| 3,291 | | |
| - | |
| | |
$ | 3,024,299 | | |
$ | 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 September 30, 2024, and
the guaranteed sale amount was recorded as a provision for guaranteed commitment fees and included in the table above. The change in
the in the provision for guaranteed commitment fees for the year ended September 30, 2024 of $259,053 was recorded in other income/(expenses)
as commitment fee guarantee. |
| (2) | The
Company had earned common stock shares that had not been issued as of September 30, 2024, due to reserved shares of debt holders that
reached total authorized shares. The unissued shares are remeasured at mark-to-market at the end of the period. |
|