Annual report pursuant to Section 13 and 15(d)

Asset Purchase Agreement (Tables)

v3.21.4
Asset Purchase Agreement (Tables)
12 Months Ended
Sep. 30, 2021
Asset Purchase Agreement  
Summary of consideration for the Vera transaction

Total consideration for the Vera transaction consisted of the following:

Cash consideration

    

$

796,124

Acquisition costs

 

303,916

Fair value of common stock (1)

 

1,759,220

Total consideration

$

2,859,260

(1) The fair value of common stock represents the closing share price of 308,635 shares of the Company’s common stock on April 26, 2021.
Summary of allocation of total consideration for the Vera transaction

The total consideration for the Vera transaction was allocated as follows:

Property, plant and equipment

    

$

59,231

Other liabilities

 

(88,000)

Fair value of net assets acquired

 

(28,769)

Research and development expense

 

2,888,029

Total cost of Vera acquisition

$

2,859,260