Stock-Based Compensation (Tables)

9 Months Ended

Jun. 30, 2023

Stock-Based Compensation [Abstract]

Schedule of Stock-Based Compensation Expense

During the three and nine months ended June 30, 2023 and 2022, stock-based compensation expense related to stock-based awards was included in selling, general and administrative and research and development costs as follows in the accompanying condensed statements of operations.

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Selling, general and administrative	$	237,007	$	211,472	$	691,939	$	569,347
Research and development		59,395		44,076		142,272		121,989
Total stock-based compensation expense	$	296,402	$	255,548	$	834,211	$	691,336

Schedule of Weighted-Average Assumptions Used in the Black-Scholes Option-Pricing Model

The weighted-average assumptions used in the Black-Scholes option-pricing model are as follows for the stock options granted during the three and nine months ended June 30, 2023 and 2022:

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2023			2022			2023			2022
Expected stock price volatility		58.1	%		53.5	%		57.4	%		53.5	%
Expected life of options (years)		6.1			5.3			5.8			5.6
Expected dividend yield		0	%		0	%		0	%		0	%
Risk free interest rate		3.6	%		2.8	%		3.7	%		2.3	%