Annual report pursuant to Section 13 and 15(d)

Legal Settlement

v3.21.2
Legal Settlement
12 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Legal Settlement Legal SettlementOn April 26, 2021, the Company entered into a settlement agreement with a former stockholder of the Company relating to claims arising out of the former stockholder’s sale of shares of the Company’s common stock in a private transaction prior to the Company’s initial public offering. Under the settlement agreement, the Company paid $3.2 million to the former stockholder in two installments in exchange for a release of all claims made by the former stockholder against the Company in the arbitration proceeding. As of September 30, 2021, all amounts due pursuant to the settlement agreement had been paid in full. A portion of the aforementioned settlement and associated legal expenses were determined to be non-deductible expenses, which resulted in an unfavorable permanent tax difference for the fiscal year ended September 30, 2021.