Quarterly report pursuant to Section 13 or 15(d)

Operating Lease (Tables)

v3.20.4
Operating Lease (Tables)
3 Months Ended
Dec. 31, 2020
Disclosure Text Block [Abstract]  
Schedule operating lease expense
Lease cost   Three Months
Ended
December 31,
2020
    Three Months
Ended
December 31,
2019
 
Operating lease cost   $ 59,706     $ 57,349  
Variable lease cost     194        
Total lease cost     59,900     $ 57,349  
                 
Other information                
Weighted-average remaining lease term - operating leases     4.8 Years       5.8 Years  
Weighted-average discount rate - operating leases     8.0 %     8.0 %
Schedule of future minimum lease commitments under non-cancelable operating lease agreements
Year Ending September 30,   December 31,
2020
 
2021 (excluding the 3 months ended December 31, 2020)   $ 176,139  
2022     239,306  
2023     244,165  
2024     249,024  
2025 and thereafter     275,343  
Total lease payments     1,183,977  
Less: interest     (207,779 )
Present value of lease liabilities   $ 976,198  
Schedule operating leases assets and liabilities
Leases   Classification   December 31,
2020
    September 30,
2020
 
Assets                
Lease asset   Operating   $ 946,533     $ 986,204  
Total lease assets       $ 946,533     $ 986,204  
                     
Liabilities                    
Current   Operating   $ 163,423     $ 158,999  
Non-current   Operating     812,775       855,471  
Total lease liabilities       $ 976,198     $ 1,014,470