XML 63 R52.htm IDEA: XBRL DOCUMENT v3.21.2
COMMITMENTS AND CONTINGENCIES - Employment Agreement (Details) - USD ($)
1 Months Ended 12 Months Ended
Nov. 01, 2021
Oct. 03, 2020
Dec. 05, 2019
Dec. 27, 2018
Jul. 28, 2018
May 02, 2018
Mar. 15, 2018
Jul. 28, 2017
Oct. 31, 2021
Sep. 30, 2019
Jul. 28, 2017
Sep. 30, 2021
Mar. 02, 2021
Oct. 19, 2020
COMMITMENTS AND CONTINGENCIES                            
Revenue bonus recorded to long term accrued liabilities                         $ 556,840  
Employment Agreement [Member] | CEO                            
COMMITMENTS AND CONTINGENCIES                            
Annual base salary   $ 400,000                        
One-time discretionary bonus awarded                           $ 250,000
Approved bonus     $ 803,623 $ 553,623   $ 403,623 $ 121,125              
Threshold revenue for two consecutive quarters             3,000,000              
Threshold revenue for fiscal year             $ 12,000,000              
Number of shares granted 300,000                          
Revenue bonus recorded to long term accrued liabilities $ 300,000                          
Employment Agreement [Member] | CEO | Minimum                            
COMMITMENTS AND CONTINGENCIES                            
Threshold annual revenue                   $ 300,000        
Employment Agreement [Member] | CEO | Maximum                            
COMMITMENTS AND CONTINGENCIES                            
Threshold annual revenue                       $ 8,000,000    
Employment Agreement [Member] | CEO | Subsequent event                            
COMMITMENTS AND CONTINGENCIES                            
Annual base salary                 $ 450,000          
New Employment Agreement | CEO                            
COMMITMENTS AND CONTINGENCIES                            
Agreement renewal period                     1 year      
Special cash incentive bonus                     $ 800,000      
Special cash incentive bonus payable on completing threshold annual revenue               $ 300,000     300,000      
Threshold annual revenue               8,000,000     8,000,000      
Special cash incentive bonus payable on completing threshold annual revenue in excess of first threshold               $ 100,000     100,000      
Threshold annual revenue in excess of first threshold                     2,000,000      
Annual base salary                     $ 400,000      
Compensation Description         The agreement with Dr. Hayward also provides that if he is terminated before the end of the initial or a renewal term by the Company without cause or if Dr. Hayward terminates his employment for good reason, then, in addition to previously earned and unpaid salary, bonus and benefits, and subject to the delivery of a general release and continuing compliance with restrictive covenants, Dr. Hayward will be entitled to receive a pro rata portion of the greater of either (X) the annual bonus he would have received if employment had continued through the end of the year of termination or (Y) the prior year's bonus; salary continuation payments for two years following termination equal to the greater of (i) three times base salary or (ii) two times base salary plus bonus; company-paid COBRA continuation coverage for 18 months post-termination; continuing life insurance benefits (if any) for two years; and extended exercisability of outstanding vested options (for three years from termination date or, if earlier, the expiration of the fixed option term). If termination of employment as described above occurs within six months before or two years after a change in control of the Company, then, in addition to the above payments and benefits, all of Dr. Hayward's outstanding options and other equity incentive awards will become fully vested and Dr. Hayward will receive a lump sum payment of the amounts that would otherwise be paid as salary continuation. In general, a change in control will include a 30% or more change in ownership of the Company.