Citius Pharmaceuticals (CTXR) 10-K 15 Dec 21 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2021	Nov. 30, 2021	Mar. 31, 2021
Document Information Line Items
Entity Registrant Name	Citius Pharmaceuticals, Inc.
Trading Symbol	CTXR
Document Type	10-K
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		146,029,630
Entity Public Float			$ 218,000,000
Amendment Flag	false
Entity Central Index Key	0001506251
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-38174
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	27-3425913
Entity Address, Address Line One	11 Commerce Drive
Entity Address, Address Line Two	First Floor
Entity Address, City or Town	Cranford
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07016
City Area Code	(908)
Local Phone Number	967-6677
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Current Assets:
Cash and cash equivalents	$ 70,072,946	$ 13,859,748
Prepaid expenses	2,741,404	122,237
Total Current Assets	72,814,350	13,981,985
Property and equipment, net	7,023	1,577
Operating lease right-of-use asset, net	822,828	986,204
Other Assets:
Deposits	38,062	57,093
In-process research and development	59,400,000	19,400,000
Goodwill	9,346,796	9,346,796
Total Other Assets	68,784,858	28,803,889
Total Assets	142,429,059	43,773,655
Current Liabilities:
Accounts payable	1,277,095	1,856,235
Accrued expenses	621,960	164,040
Accrued compensation	1,906,000	1,654,919
Accrued interest		89,970
Notes payable – related parties		172,970
Operating lease liability	177,237	158,999
Total Current Liabilities	3,982,292	4,097,133
Note payable – paycheck protection program		164,583
Deferred tax liability	4,985,800	4,985,800
Operating lease liability – non current	678,234	855,471
Total Liabilities	9,646,326	10,102,987
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock - $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock - $0.001 par value; 400,000,000 shares authorized; 145,979,429 and 55,576,996 shares issued and outstanding at September 30, 2021 and 2020, respectively	145,979	55,577
Additional paid-in capital	228,084,195	104,208,958
Accumulated deficit	(96,047,821)	(70,593,867)
Total Citius Pharmaceuticals, Inc. Stockholders’ Equity	132,182,353	33,670,668
Non-controlling interest	600,380
Total Equity	132,782,733	33,670,668
Total Liabilities and Equity	$ 142,429,059	$ 43,773,655

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2021	Sep. 30, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	145,979,429	55,576,996
Common stock, shares outstanding	145,979,429	55,576,996

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues
Operating Expenses:
Research and development	12,240,503	8,812,810
General and administrative	9,836,412	8,094,614
Stock-based compensation – general and administrative	1,454,979	803,261
Total Operating Expenses	23,531,894	17,710,685
Operating Loss	(23,531,894)	(17,710,685)
Other Income (Expense):
Interest income	261,825	68,066
Gain on forgiveness of note payable - Paycheck Protection Program and accrued interest	166,557
Other income	59,917	110,207
Interest expense	(10,839)	(15,673)
Total Other Income, Net	477,460	162,600
Net Loss	(23,054,434)	(17,548,085)
Deemed dividend on warrant extension	1,450,876
Net Loss Applicable to Common Stockholders	$ (24,505,310)	$ (17,548,085)
Net Loss Per Share Applicable to Common Stockholders - Basic and Diluted (in Dollars per share)	$ (0.23)	$ (0.45)
Weighted Average Common Shares Outstanding (in Shares)
Basic and diluted (in Shares)	108,599,080	39,165,248

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity - USD ($)	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total Citius Pharmaceuticals, Inc. Shareholder’s Equity	Non-Controlling Interest	Total
Balance at Sep. 30, 2019		$ 28,930	$ 80,169,724	$ (53,045,782)	$ 27,152,872		$ 27,152,872
Balance (in Shares) at Sep. 30, 2019		28,930,493
Issuance of common stock upon exercise of warrants		$ 9,804	7,146,745		7,156,549		7,156,549
Issuance of common stock upon exercise of warrants (in Shares)		9,804,415
Issuance of common stock for services		$ 624	528,146		528,770		528,770
Issuance of common stock for services (in Shares)		623,740
Issuance of common stock in registered direct offering, net of costs		$ 7,059	6,870,041		6,877,100		6,877,100
Issuance of common stock in registered direct offering, net of costs (in Shares)		7,058,824
Issuance of common stock in underwritten offering, net of costs		$ 9,160	8,691,041		8,700,201		8,700,201
Issuance of common stock in underwritten offering, net of costs (in Shares)		9,159,524
Stock-based compensation expense			803,261		803,261		803,261
Net loss				(17,548,085)	(17,548,085)		(17,548,085)
Balance at Sep. 30, 2020		$ 55,577	104,208,958	(70,593,867)	33,670,668		33,670,668
Balance (in Shares) at Sep. 30, 2020		55,576,996
Issuance of common stock upon exercise of warrants		$ 23,996	31,106,138		31,130,134		31,130,134
Issuance of common stock upon exercise of warrants (in Shares)		23,995,907
Issuance of common stock for services		$ 50	67,950		68,000		68,000
Issuance of common stock for services (in Shares)		50,000
Issuance of common stock upon exercise of stock options		$ 70	82,564		82,634		82,634
Issuance of common stock upon exercise of stock options (in Shares)		70,000
Issuance of NoveCite common stock			1,799,640	(2,399,520)	(599,880)	600,380	500
Issuance of common stock in private placement offering, net of costs		$ 15,456	18,434,954		18,450,410		18,450,410
Issuance of common stock in private placement offering, net of costs (in Shares)		15,455,960
Issuance of common stock in registered direct offering, net of costs		$ 50,830	70,929,012		70,979,842		70,979,842
Issuance of common stock in registered direct offering, net of costs (in Shares)		50,830,566
Stock-based compensation expense			1,454,979		1,454,979		1,454,979
Net loss				(23,054,434)	(23,054,434)		(23,054,434)
Balance at Sep. 30, 2021		$ 145,979	$ 228,084,195	$ (96,047,821)	$ 132,182,353	$ 600,380	$ 132,782,733
Balance (in Shares) at Sep. 30, 2021		145,979,429

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders’ Equity (Parentheticals) - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]
Issuance of common stock in registered direct offering, net of costs	$ 5,520,160	$ 622,900
Issuance of common stock in underwritten offering, net of costs		$ 917,299
Issuance of common stock in private placement offering, net of costs	$ 1,549,602

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows From Operating Activities:
Net loss	$ (23,054,434)	$ (17,548,085)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	1,454,979	803,261
Issuance of common stock for services	68,000	528,770
Amortization of operating lease right-of-use asset	163,376	151,520
Depreciation	1,492	844
Gain from forgiveness of notes payable – paycheck protection program and accrued interest	(166,557)
Changes in operating assets and liabilities:
Prepaid expenses	(2,619,167)	(74,126)
Deposits	19,031
Accounts payable	(579,140)	(857,307)
Accrued expenses	457,920	(82,185)
Accrued compensation	251,081	254,231
Accrued interest	(87,996)	15,673
Operating lease liability	(158,999)	(123,254)
Net Cash Used In Operating Activities	(24,250,414)	(16,930,658)
Cash Flows From Investing Activities:
Purchase of property and equipment	(6,938)	(1,831)
Purchase of in-process research and development	(40,000,000)
Net Cash Used In Investing Activities	(40,006,938)	(1,831)
Cash Flows From Financing Activities:
Proceeds from notes payable – paycheck protection program		164,583
Principal paid on notes payable – related parties	(172,970)
Proceeds from sale of NoveCite, Inc. common stock	500
Proceeds from common stock warrant exercises	31,130,134	7,156,549
Proceeds from common stock option exercises	82,634
Net proceeds from underwritten offerings		8,700,201
Net proceeds from private placement	18,450,410
Net proceeds from registered direct offerings	70,979,842	6,877,100
Net Cash Provided By Financing Activities	120,470,550	22,898,433
Net Change in Cash and Cash Equivalents	56,213,198	5,965,944
Cash and Cash Equivalents – Beginning of Year	13,859,748	7,893,804
Cash and Cash Equivalents – End of Year	70,072,946	13,859,748
Supplemental Disclosures of Cash Flow Information and Non-cash Activities:
Operating lease right-of-use asset and liability recorded upon adoption of ASC 842		$ 1,137,724

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	12 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION Business Citius Pharmaceuticals, Inc. (“Citius,” the “Company” or “we”) is a specialty pharmaceutical company dedicated to the development and commercialization of critical care products targeting unmet needs with a focus on anti-infectives, cancer care and unique prescription products. On March 30, 2016, Citius acquired Leonard-Meron Biosciences, Inc. (“LMB”) as a wholly-owned subsidiary. The Company acquired all of the outstanding stock of LMB by issuing shares of its common stock. The net assets acquired included identifiable intangible assets of $19,400,000 related to in-process research and development. The Company recorded goodwill of $9,346,796 for the excess of the purchase price over the net assets acquired. On September 11, 2020, we formed NoveCite, Inc. (“NoveCite”), a Delaware corporation, of which we own 75% of the issued and outstanding capital stock. On August 23, 2021, we formed Citius Acquisition Corp., a wholly owned subsidiary in conjunction with the acquisition of I/ONTAK, but no activity has occurred to date. In-process research and development (“IPR&D) consists of i) $19,400,000 acquisition value of of LMB’s leading drug candidate (Mino-Lok), which is an antibiotic solution used to treat catheter-related bloodstream infections and is expected to be amortized on a straight-line basis over a period of eight years commencing upon revenue generation, and ii) $40,000,000 acquisition value of the exclusive license for E7777 (denileukin diftitox), a late-stage oncology immunotherapy for the treatment of CTCL, a rare form of non-Hodgkin lymphoma and is expected to be amortized on a straight-line basis over a period of twelve years commencing upon revenue generation. Goodwill of $9,346,796 represents the value of LMB’s industry relationships and its assembled workforce. Goodwill will not be amortized but will be tested at least annually for impairment. Since its inception, the Company has devoted substantially all of its efforts to business planning, research and development, recruiting management and technical staff, and raising capital. Citius is subject to a number of risks common to companies in the pharmaceutical industry including, but not limited to, risks related to the development by Citius or its competitors of research and development stage products, market acceptance of its products, competition from larger companies, dependence on key personnel, dependence on key suppliers and strategic partners, the Company’s ability to obtain additional financing and the Company’s compliance with governmental and other regulations. Basis of Presentation The accompanying consolidated financial statements include the operations of Citius Pharmaceuticals, Inc., and its wholly-owned subsidiaries, Citius Pharmaceuticals, LLC, LMB and Citius Acquisition Corp., and its majority-owned subsidiary NoveCite. NoveCite, was inactive until October 2020. Citius Acquisition Corp. was inactive at September 30, 2021. All significant inter-company balances and transactions have been eliminated in consolidation.

Liquidity and Management's Plan

Liquidity and Management's Plan	12 Months Ended
	Sep. 30, 2021
Liquidity and Managements Plan [Abstract]
LIQUIDITY AND MANAGEMENT'S PLAN	2. LIQUIDITY AND MANAGEMENT’S PLAN The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company experienced negative cash flows from operations of $24,250,414 and $16,930,658, for the years ended September 30, 2021 and 2020, respectively. As a result of the Company’s common stock offerings and common stock warrant exercises during the year ended September 30, 2021, the Company had working capital of approximately $68,800,000 at September 30, 2021. The Company estimates that its available cash resources will be sufficient to fund its operations through March 2023. The Company has generated no operating revenue to date and has principally raised capital through the issuance of debt and equity instruments to finance its operations. However, the Company’s continued operations beyond March 2023, including its development plans for Mino-Lok, Mino-Wrap, Halo-Lido, Novecite and E7777, will depend on its ability to obtain regulatory approval to market Mino-Lok and generate substantial revenue from the sale of Mino-Lok and on its ability to raise additional capital through various potential sources, such as equity and/or debt financings, strategic relationships, or out-licensing of its product candidates. However, the Company can provide no assurances on regulatory approval, commercialization or future sales of Mino-Lok or that financing or strategic relationships will be available on acceptable terms, or at all. If the Company is unable to raise sufficient capital, find strategic partners or generate substantial revenue from the sale of Mino-Lok, there would be a material adverse effect on its business. Further, the Company expects in the future to incur additional expenses as it continues to develop its product candidates, including seeking regulatory approval, and protecting its intellectual property.

Patent and Technology License A

Patent and Technology License Agreements	12 Months Ended
	Sep. 30, 2021
Patent and Technology License Agreement [Abstract]
PATENT AND TECHNOLOGY LICENSE AGREEMENTS	3. PATENT AND TECHNOLOGY LICENSE AGREEMENTS Patent and Technology License Agreement – Mino-Lok LMB has a patent and technology license agreement with Novel Anti-Infective Therapeutics, Inc. (“NAT”) to develop and commercialize Mino-Lok® on an exclusive, worldwide sub licensable basis, as amended. LMB pays an annual maintenance fee each June until commercial sales of a product subject to the license commence. The Company recorded an annual maintenance fee expense of $90,000 in 2021 and 2020. LMB will also pay annual royalties on net sales of licensed products, with royalties ranging from the mid-single digits to the low double digits. In limited circumstances in which the licensed product is not subject to a valid patent claim and a competitor is selling a competing product, the royalty rate is in the low- to mid-single digits. After a commercial sale is obtained, LMB must pay minimum aggregate annual royalties of $100,000 in the first commercial year which is prorated for a less than 12-month period, increasing $25,000 per year to a maximum of $150,000 annually. LMB must also pay NAT up to $1,100,000 upon achieving specified regulatory and sales milestones. Finally, LMB must pay NAT a specified percentage of payments received from any sub-licensees. Unless earlier terminated by NAT, based on the failure to achieve certain development and commercial milestones, the license agreement remains in effect until the date that all patents licensed under the agreement have expired and all patent applications within the licensed patent rights have been cancelled, withdrawn or expressly abandoned. Patent and Technology License Agreement – Mino-Wrap On January 2, 2019, we entered into a patent and technology license agreement with the Board of Regents of the University of Texas System on behalf of the University of Texas M. D. Anderson Cancer Center (“Licensor”), whereby it in-licensed exclusive worldwide rights to the patented technology for any and all uses relating to breast implants. We intend to develop a liquefying gel-based wrap containing minocycline and rifampin for the reduction of infections associated with breast implants following breast reconstructive surgeries (“Mino-Wrap”). We are required to use commercially reasonable efforts to commercialize Mino-Wrap under several regulatory scenarios and achieve milestones associated with these regulatory options leading to an approval from the U.S. Food and Drug Administration (the “FDA”). Under the license agreement, we paid a nonrefundable upfront payment of $125,000 which was recorded as research and development expense during the year ended September 30, 2019. We paid annual maintenance fees of $45,000 and $30,000 in January 2021 and 2020, respectively. The annual maintenance fee increases by $15,000 per year up to a maximum of $90,000 and ceases on the first sale of product. We also must pay up to an aggregate of $2.1 million in milestone payments, contingent on the achievement of various regulatory and commercial milestones. Under the terms of the license agreement, we also must pay a royalty of mid- to upper-single digit percentages of net sales, depending on the amount of annual sales, and subject to downward adjustment to lower- to mid-single digit percentages in the event there is no valid patent for the product in the United States at the time of sale. After the first sale of product, we will owe an annual minimum royalty payment of $100,000 that will increase annually by $25,000 for the duration of the term. We will be responsible for all patent expenses incurred by Licensor for the term of the agreement although Licensor is responsible for filing, prosecution and maintenance of all patents. The agreement expires on the later of the expiration of the patents or January 2, 2034. License Agreement with Novellus On March 31, 2020, we entered into an option agreement with a subsidiary of Novellus, Inc. (“Novellus”) whereby we had the opportunity to in-license from Novellus on a worldwide basis, a novel cellular therapy for acute respiratory distress syndrome (ARDS). The option exercise period ran for six months and the option agreement contained the agreed upon financial terms for the license. In April 2020 we paid Novellus $100,000 for the option and recorded it as a research and development expense. Our Board Chairman Leonard Mazur, who is also our largest stockholder, was a director and significant shareholder of Novellus at this time and until the acquisition of Novellus by Brooklyn ImmunoTherapeutics, Inc. (“Brooklyn”) in July 2021. As required by our Code of Ethics, the Audit Committee of our Board of Directors approved the entry into the option agreement with Novellus, as did the disinterested members of our Board of Directors. On October 6, 2020, our subsidiary, NoveCite, exercised the option and signed an exclusive license agreement with Novellus. Upon execution of the agreement, we paid $5,000,000 to Novellus, which was charged to research and development expense during the year ended September 30, 2021, and issued Novellus shares of NoveCite’s common stock representing 25% of the outstanding equity. We own the other 75% of NoveCite’s outstanding equity. Pursuant to the terms of the original stock subscription agreement between Novellus and NoveCite, if NoveCite issued additional equity, subject to certain exceptions, NoveCite had to maintain Novellus’s ownership at 25% by issuing additional shares to Novellus. Citius is responsible for the operational activities of NoveCite and bears all costs necessary to operate NoveCite. Citius’s officers are also the officers of NoveCite and oversee the business strategy and operations of NoveCite. As such, NoveCite is accounted for as a consolidated subsidiary with a noncontrolling interest. Novellus has no contractual rights in the profits or obligations to share in the losses of NoveCite, and the Company has not allocated any losses to the noncontrolling interest. NoveCite is obligated to pay Novellus up to $51,000,000 upon the achievement of various regulatory and developmental milestones. NoveCite also must pay a royalty equal to low double-digit percentages of net sales, commencing upon the sale of a licensed product. This royalty is subject to downward adjustment to an upper-single digit percentage of net sales in any country in the event of the expiration of the last valid patent claim or if no valid patent claim exists in that country. The royalty will end on the earlier of (i) date on which a biosimilar product is first marketed, sold, or distributed in the applicable country or (ii) the 10-year anniversary of the date of expiration of the last-to-expire valid patent claim in that country. In the case of a country where no licensed patent ever exists, the royalty will end on the later of (i) the date of expiry of such licensed product’s regulatory exclusivity and (ii) the 10-year anniversary of the date of the first commercial sale of the licensed product in the applicable country. In addition, NoveCite will pay to Novellus an amount equal to a mid-twenties percentage of any sublicensee fees it receives. Under the terms of the license agreement, in the event that Novellus receives any revenue involving the original cell line included in the licensed technology, then Novellus shall remit to NoveCite 50% of such revenue. The term of the license agreement will continue on a country-by-country and licensed product-by-licensed product basis until the expiration of the last-to-expire royalty term. Either party may terminate the license agreement upon written notice if the other party is in material default. NoveCite may terminate the license agreement at any time without cause upon 90 days prior written notice. Novellus will be responsible for preparing, filing, prosecuting and maintaining all patent applications and patents included in the licensed patents in the territory, provided however, that if Novellus decides that it is not interested in maintaining a particular licensed patent or in preparing, filing, or prosecuting a licensed patent, NoveCite will have the right, but not the obligation, to assume such responsibilities in the territory at NoveCite’s sole cost and expense. In July 2021, Novellus was acquired by Brooklyn. In connection with that transaction, the stock subscription agreement between Novellus and NoveCite was amended to assign to Brooklyn all of Novellus’s right, title, and interest in the stock subscription agreement and delete the anti-dilution protection and replace it with a right of first refusal whereby Brooklyn will have the right to purchase all or a portion of the securities that NoveCite intends to sell or in the alternative, at the option of NoveCite, Brooklyn may purchase that amount of the securities proposed to be sold by NoveCite to allow Brooklyn to maintain its then percentage ownership. License Agreement with Eisai In September 2021, the Company entered into a definitive agreement with Dr. Reddy's Laboratories SA, a subsidiary of Dr. Reddy's Laboratories, Ltd. (collectively, "Dr. Reddy's") to acquire its exclusive license of E7777 (denileukin diftitox), a late-stage oncology immunotherapy for the treatment of CTCL, a rare form of non-Hodgkin lymphoma. Under the terms of this agreement, Citius acquired Dr. Reddy's exclusive license of E7777 from Eisai Co., Ltd. ("Eisai") and other related assets owned by Dr. Reddy's. Citius's exclusive license include rights to develop and commercialize E7777 in all markets except for Japan and certain parts of Asia. Additionally, Citius retained an option on the right to develop and market the product in India. Eisai retains exclusive development and marketing rights for the agent in Japan and Asia. Citius paid $40 million upfront payment which represents the acquisition date fair value of the in-process research and development acquired from Dr. Reddy’s. Dr. Reddy’s is entitled to up to $40 million in development milestone payments related to CTCL approvals in the U.S. and other markets, up to $70 million in development milestones for additional indications, as well as commercial milestone payments and low double-digit tiered royalties on net product sales, and up to $300 million for commercial sales milestones. We also must pay on a fiscal quarter basis tiered royalties equal to low double-digit percentages of net product sales. The royalties will end on the earlier of (i) the 15-year anniversary of the first commercial sale of the latest indication that received regulatory approval in the applicable country and (ii) the date on which a biosimilar product results in the reduction of net sales in the applicable product by 50% in two consecutive quarters, as compared to the four quarters prior to the first commercial sale of the biosimilar product. We will also pay to Dr. Reddy’s an amount equal to a low-thirties percentage of any sublicense upfront consideration or milestone payments (or the like) received by us and the greater of (i) a low-thirties percentage of any sublicensee sales-based royalties or (ii) a mid-single digit percentage of such licensee’s net sales. Under the license agreement, Eisai is to receive a $6.0 million development milestone payment upon initial approval and additional commercial milestone payments related to the achievement of net product sales thresholds (which increases to $7 million in the event we have exercised our option to add India to the licensed territory prior to FDA approval) and an aggregate of up to $22 million related to the achievement of net product sales thresholds. We also are required to reimburse Eisai for up to $2.65 million of its costs to complete the ongoing Phase 3 pivotal clinical trial for I/ONTAK for the CTCL indication and reimburse Eisai for all reasonable costs associated with the preparation of a BLA for I/ONTAK. Eisai will be responsible for completing the current CTCL clinical trial, and chemistry, manufacturing and controls (CMC) activities through the filing of a BLA for E7777 with the FDA. Citius will be responsible for development costs associated with potential additional indications. The term of the license agreement will continue until (i) if there has not been a commercial sale of a licensed product in the territory, until the 10-year anniversary of the original license effective date, March 30, 2016, or (ii) if there has been a first commercial sale of a licensed product in the territory within the 10-year anniversary of the original license effective date, the 10-year anniversary of the first commercial sale on a country-by-country basis. The term of the license may be extended for additional 10-year periods for all countries in the territory by notifying Eisai and paying an extension fee equal to $10 million. Either party may terminate the license agreement upon written notice if the other party is in material breach of the agreement, subject to cure within the designated time periods. Either party also may terminate the license agreement immediately upon written notice if the other party files for bankruptcy or takes related actions or is unable to pay its debts as they become due. Additionally, either party will have the right to terminate the agreement if the other party directly or indirectly challenges the patentability, enforceability or validity of any licensed patent. Also under the agreement with Dr. Reddy’s, we are required to (i) use commercially reasonable efforts to make commercially available products in the CTCL indication, peripheral T-cell lymphoma indication and immuno-oncology indication, (ii) initiate two investigator initiated immuno-oncology trials, (iii) use commercially reasonable efforts to achieve each of the approval milestones, and (iv) to complete each specified immuno-oncology investigator trial on or before the four-year anniversary of the effective date of the definitive agreement. Additionally, we are required to commercially launch a product in a territory within six months of receiving regulatory approval for such product in each such jurisdiction.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of the significant accounting policies followed by the Company in the preparation of the consolidated financial statements is as follows: Use of Estimates The process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates having relatively higher significance include the accounting for in-process research and development and goodwill impairment, stock-based compensation, valuation of warrants, and income taxes. Actual results could differ from those estimates and changes in estimates may occur. Cash and Cash Equivalents The Company considers all highly liquid instruments with maturities of less than three months at the time of purchase to be cash equivalents. From time to time, the Company may have cash balances in financial institutions in excess of insurance limits. The Company has never experienced any losses related to these balances. Research and Development Research and development costs, including upfront fees and milestones paid to collaborators who are performing research and development activities under contractual agreements with the Company, are expensed as incurred. The Company defers and capitalizes its nonrefundable advance payments that are for research and development activities until the related goods are delivered or the related services are performed. When the Company is reimbursed by a collaboration partner for work the Company performs, it records the costs incurred as research and development expenses and the related reimbursement as a reduction to research and development expenses in its consolidated statement of operations. Research and development expenses primarily consist of clinical and non-clinical studies, materials and supplies, third-party costs for contracted services, and payments related to external collaborations and other research and development related costs. In-process Research and Development and Goodwill In-process research and development of $19,400,000 represents the value of LMB’s leading drug candidate (Mino-Lok), which is an antibiotic solution used to treat catheter-related bloodstream infections and is expected to be amortized on a straight-line basis over a period of eight years commencing upon revenue generation. In-process research and development of $40,000,000 represents the value of our September 2021 acquisition of an exclusive license for E7777 (denileukin diftitox), a late-stage oncology immunotherapy for the treatment of CTCL, a rare form of non-Hodgkin lymphoma and is expected to be amortized on a straight-line basis over a period of twelve years commencing upon revenue generation. Included in the IPR&D is the historical know-how, formula protocols, designs, and procedures expected to be needed to complete Phase 3. In addition, the contracts acquired in connection with Dr. Reddy’s transaction with the clinical research and manufacturing organization are at market rates and could be provided by multiple vendors in the marketplace Therefore, there is no fair value associated with the contracts acquired. Incremental costs incurred on IPR&D after the acquisition date are expensed as incurred, unless there is an alternative future use. The Company reviews intangible assets annually to determine if any adverse conditions exist or a change in circumstances has occurred that would indicate impairment or a change in the remaining useful life of any intangible asset. If the carrying value of an asset exceeds its undiscounted cash flows, the Company writes down the carrying value of the intangible asset to its fair value in the period identified. No impairment has occurred since the acquisitions through September 30, 2021. Goodwill represents the value of LMB’s industry relationships and its assembled workforce. Goodwill is not amortized but it is tested at least annually for impairment. The Company evaluates the recoverability of goodwill annually or more frequently if events or changes in circumstances indicate that the carrying value of an asset might be impaired, in accordance with Accounting Standard Update (“ASU”) 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment The Company performed a qualitative assessment for its 2021 analysis of goodwill. Based on this assessment, management does not believe that it is more likely than not that the carrying value of the reporting unit exceeds its fair value. Accordingly, no further testing was performed as management believes that there are no impairment issues with respect to goodwill as of September 30, 2021. Patents and Trademarks Certain costs of outside legal counsel related to obtaining trademarks for the Company are capitalized. Patent costs are amortized over the legal life of the patents, generally twenty years, starting at the patent issuance date. There are no capitalized patents and trademarks as of September 30, 2021. The costs of unsuccessful and abandoned applications are expensed when abandoned. The costs of maintaining existing patents are expensed as incurred. Stock-Based Compensation The Company recognizes compensation costs resulting from the issuance of stock-based awards to employees and directors as an expense in the consolidated statement of operations over the requisite service period based on the fair value for each stock award on the grant date. The fair value of each option grant is estimated as of the date of grant using the Black-Scholes option pricing model. The Company estimates volatility using the trading activity of its common stock. Because the Company’s stock options have characteristics significantly different from those of traded options, and because changes in the input assumptions can materially affect the fair value estimate, the existing model may not necessarily provide a reliable single measure of fair value of the Company’s stock options. The Company recognizes compensation costs resulting from the issuance of stock-based awards to non-employees as an expense in the consolidated statement of operations over the service period based on the measurement of fair value for each stock award and records forfeitures as they occur. Income Taxes The Company follows accounting guidance regarding the recognition, measurement, presentation and disclosure of uncertain tax positions in the consolidated financial statements. Tax positions taken or expected to be taken in the course of preparing the Company’s tax returns are required to be evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authorities. Tax positions not deemed to meet a more-likely-than-not threshold would be recorded in the consolidated financial statements. There are no uncertain tax positions that require accrual or disclosure as of September 30, 2021. Any interest or penalties are charged to expense. During the years ended September 30, 2021 and 2020, the Company did not recognize any interest and penalties. Tax years subsequent to September 30, 2017 are subject to examination by federal and state authorities. The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities, and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, for deferred tax assets for which it does not consider realization of such assets to be “more-likely-than-not.” The deferred tax benefit or expense for the period represents the change in the deferred tax asset or liability from the beginning to the end of the period. Basic and Diluted Net Loss per Common Share Basic and diluted net loss per common share applicable to common stockholders is computed by dividing net loss applicable to common stockholders in each period by the weighted average number of shares of common stock outstanding during such period. For the periods presented, common stock equivalents, consisting of options and warrants were not included in the calculation of the diluted loss per share because they were anti-dilutive. Segment Reporting The Company currently operates as a single segment. Concentrations of Credit Risk The Company has no significant off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other hedging arrangements. Recently Adopted Accounting Standards In May 2021, the FASB issued ASU 2021-04 Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force) Recently Issued Accounting Standards In August 2020, FASB issued ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Acquired Contract Assets and Contract Liabilities.

Notes Payable

Notes Payable	12 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
NOTES PAYABLE	5. NOTES PAYABLE Notes Payable – Related Parties The aggregate principal balance consisted of notes payable held by our Chairman, Leonard Mazur, in the amount of $160,470 and notes payable held by our Chief Executive Officer, Myron Holubiak, in the amount of $12,500. Notes with an aggregate principal balance of $104,000 accrued interest at the prime rate plus 1.0% per annum and notes with an aggregate principal balance of $68,970 accrued interest at 12% per annum. In June 2021, we repaid the $172,970 principal balance of these notes and paid accrued interest of $38,917. Accrued interest of $59,917 was forgiven and has been recorded as other income during the year ended September 30, 2021. Interest expense on notes payable – related parties for the years ended September 30, 2021 and 2020 was $9,606 and $14,932, respectively. Paycheck Protection Program On April 12, 2020, due to the business disruption caused by the COVID-19 health crisis, the Company applied for a forgivable loan through the Small Business Association’s Paycheck Protection Program (the “PPP”). In accordance with the provisions of the PPP, the loan accrued interest at a rate of 1% and a portion of the loan may be forgiven if it is used to pay qualifying costs such as payroll, rent and utilities. Amounts that are not forgiven will be repaid two years from the date of the loan. On April 15, 2020, the Company received $164,583 from the PPP through its bank. Interest expense on the PPP loan was $1,233 and $741 for the years ended September 30, 2021 and 2020, respectively. On July 28, 2021, the Small Business Administration (“SBA”) gave full forgiveness of the PPP loan. The Company recorded a gain from debt extinguishment of $166,557 consisting of the principal balance and related accrued interest expense.

Common Stock, Stock Options and

Common Stock, Stock Options and Warrants	12 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
COMMON STOCK, STOCK OPTIONS AND WARRANTS	6. COMMON STOCK, STOCK OPTIONS AND WARRANTS Authorized Common Stock On June 21, 2021, our stockholders approved an amendment to our Articles of Incorporation to increase the authorized number of shares of capital stock from 210,000,000 to 410,000,000 and the authorized number of common shares from 200,000,000 to 400,000,000. Common Stock Issued for Services On November 4, 2019, the Company issued 186,566 shares of common stock for strategic consulting and corporate development services and expensed the $100,000 fair value of the common stock issued. On February 10, 2020, the Company issued 150,000 shares of common stock for investor relations services and 136,000 shares of common stock for general advisory and business development advisory services. The Company expensed the $306,020 fair value of the common stock issued. On April 6, 2020, the Company issued 50,000 shares of common stock for strategic consulting and corporate development services and expensed the $22,750 fair value of the common stock issued. On September 8, 2020, the Company issued 101,174 shares of common stock for investor relations services and expensed the $100,000 fair value of the common stock issued. On February 12, 2021, the Company issued 50,000 shares of common stock for investor relations services and expensed the $68,000 fair value of the common stock issued. Common Stock Offerings On May 18, 2020, the Company closed a registered direct offering with several institutional and accredited investors for the sale of 7,058,824 shares of common stock at $1.0625 per share for gross proceeds of $7,500,001. The Company also issued 3,529,412 unregistered immediately exercisable warrants to the investors with an exercise price of $1.00 per share and a term of five and one-half years. The Company paid the placement agent for the offering a fee of 7% of the gross proceeds totaling $525,000 and issued the placement agent 494,118 immediately exercisable warrants with an exercise price of $1.3281 per share and a term of five years. The Company also reimbursed the placement agent for $85,000 in expenses and incurred $12,901 in other expenses. Net proceeds from the offering were $6,877,100. The estimated fair value of the 3,529,412 warrants issued to the investors was $2,138,998 and the estimated fair value of the 494,118 warrants issued to the placement agent was $275,724. On August 10, 2020, the Company closed an underwritten public offering of 9,159,524 shares of common stock at a price of $1.05 per share for gross proceeds of $9,617,500. The Company paid the underwriter a fee of 7% of the gross proceeds totaling $673,225 and issued the underwriters 641,166 immediately exercisable warrants with an exercise price of $1.3125 per share and a term of five years. The Company also reimbursed the placement agent for $135,000 in expenses and incurred $109,074 in other expenses. Net proceeds from the offering were $8,700,201. The estimated fair value of the 641,166 warrants issued to the underwriter was $569,426. On January 27, 2021, the Company closed a private placement for 15,455,960 common shares and warrants to purchase 7,727,980 common shares, at a purchase price of $1.294 per common share and accompanying warrant, for gross proceeds of $20,000,012. The 7,727,980 warrants are immediately exercisable at $1.231 per common share for a term of five and one-half years. The Company paid the placement agent a fee of 7% of the gross proceeds totaling $1,400,001 and issued the placement agent 1,081,917 immediately exercisable warrants at $1.6175 per common share for a term of five and one-half years. The Company also reimbursed the placement agent for $85,000 in expenses and incurred $64,601 in other expenses. Net proceeds from the offering were $18,450,410. The estimated fair value of the 7,727,980 warrants issued to the investors was approximately $7,582,000 and the estimated fair value of the 1,081,917 warrants issued to the placement agent was approximately $1,025,000. On February 19, 2021, the Company closed a registered direct offering for 50,830,566 common shares and warrants to purchase up to 25,415,283 common shares, at a purchase price of $1.505 per share of common stock and accompanying warrant, for gross proceeds of $76,500,002. The 25,415,283 warrants are immediately exercisable at $1.70 per common share for a term of five years. The Company paid the placement agent a fee of 7% of the gross proceeds totaling $5,355,000 and issued the placement agent 3,558,140 immediately exercisable warrants at $1.881 per common share for a term of five years. The Company also reimbursed the placement agent for $85,000 in expenses and incurred $80,160 in other expenses. Net proceeds from the offering were $70,979,842. The estimated fair value of the 25,415,283 warrants issued to the investors was approximately $42,322,000 and the estimated fair value of the 3,558,140 warrants issued to the placement agent was approximately $5,850,000. Stock Option Plans Pursuant to its 2014 Stock Incentive Plan, we reserved 866,667 shares of common stock for issuance to employees, directors and consultants. As of September 30, 2021, there were options to purchase 855,171 shares outstanding, options to purchase 4,829 shares were exercised, options to purchase 6,667 shares expired, and no shares were available for future grants. On February 7, 2018, our stockholders approved the 2018 Omnibus Stock Incentive Plan and we reserved 2,000,000 shares of common stock for issuance to employees, directors and consultants. As of September 30, 2021, there were options to purchase 1,820,000 shares outstanding, options to purchase 70,000 shares were exercised and the remaining 110,000 shares were transferred to the 2020 Omnibus Stock Incentive Plan (“2020 Plan”). On February 10, 2020, our stockholders approved the 2020 Plan and we reserved 3,110,000 common shares. As of September 30, 2021, there were options to purchase 1,870,000 shares outstanding and the remaining 1,240,000 shares were transferred to the 2021 Omnibus Stock Incentive Plan (“2021 Stock Plan”). On May 24, 2021, our stockholders approved the 2021 Stock Plan and we reserved 8,740,000 shares. The 2021 Stock Plan provides incentives to employees, directors, and consultants through options, SARs, dividend equivalent rights, restricted stock, restricted stock units, or other rights. As of September 30, 2021, options to purchase 1,210,000 shares were outstanding and there were 7,530,000 shares available for future grants. The fair value of each stock option award is estimated on the date of grant using the Black-Scholes option pricing model. Volatility is estimated using the trading activity of our common stock. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant commensurate with the expected term assumption. The expected term of stock options granted to employees and directors, all of which qualify as “plain vanilla,” is based on the average of the contractual term (generally 10 years) and the vesting period. For non-employee options, the expected term is the contractual term. The following assumptions were used in determining the fair value of stock option grants for the years ended September 30, 2021 and 2020: 2021 2020 Risk-free interest rate 0.32 – 0.89% 0.26 – 1.66% Expected dividend yield 0.00% 0.00% Expected term 6.50 – 10 years 6.50 – 10 years Expected volatility 111 – 112% 107 – 117% A summary of option activity under the plans (excluding the NoveCite Stock Plan) is presented below: Shares Weighted- Weighted- Aggregate Outstanding at September 30, 2020 3,390,171 $ 2.51 8.00 years $ 440,336 Granted 2,435,000 1.57 Exercised (70,000 ) 1.18 $ 101,866 Forfeited or expired — 9.0 Outstanding at September 30, 2021 5,755,171 $ 2.13 8.02 years $ 3,589,392 Exercisable at September 30, 2021 2,499,635 $ 3.10 6.56 years $ 1,429,358 The weighted average grant date fair value of the options granted during the year ended September 30, 2020 was estimated at $0.76 per share. All of these options vest over terms of 12 to 36 months and have a term of 10 years. The weighted average grant date fair value of the options granted during the year ended September 30, 2021 was estimated at $1.34 per share. All of these options vest over terms of 12 to 36 months and have a term of 10 years. Stock-based compensation expense for the years ended September 30, 2021 and 2020 was $1,454,979 (including $83,555 for the NoveCite Stock Plan) and $803,261, respectively. At September 30, 2021, unrecognized total compensation cost related to unvested awards under the Citius stock plans of $3,012,685 is expected to be recognized over a weighted average period of 2.34 years. On November 5, 2020, the stockholders of NoveCite, Inc., approved NoveCite’s Stock Plan and under which 2,000,000 common shares of NoveCite were reserved. The NoveCite Stock Plan provides incentives to employees, directors, and consultants through grants of options, SARs, dividend equivalent rights, restricted stock, restricted stock units, or other rights. As of September 30, 2021, there were options outstanding to purchase 2,000,000 common shares of NoveCite and no common shares of NoveCite available for future grants. During the year ended September 30, 2021, NoveCite granted options to purchase 2,000,000 common shares to employees at a weighted average exercise price of $0.24 per share, of which none are exercisable as of September 30, 2021. The weighted average grant date fair value of the options granted during the year ended September 30, 2021 was estimated at $0.20 per share. All of these options vest over 36 months and have a term of 10 years. The weighted average remaining contractual term of options outstanding under the NoveCite Stock Plan is 9.39 years. At September 30, 2021, unrecognized total compensation cost related to unvested awards under the NoveCite Stock Plan of $316,445 is expected to be recognized over a weighted average period of 2.42 years. Warrants The Company has reserved 40,208,347 shares of common stock for the exercise of outstanding warrants. The following table summarizes the warrants outstanding at September 30, 2021: Exercise Number Expiration Dates LMB Warrants $ 7.50 53,110 March 24 – April 29, 2022 2016 Offering Warrants 4.13 140,819 November 23, 2021 – February 27, 2022 2017 Public Offering Investors 4.13 1,622,989 August 2, 2022 2017 Public Offering Underwriter 4.54 65,940 February 2, 2023 December 2017 Registered Direct/Private Placement Offering Investors 4.63 640,180 June 19, 2023 December 2017 Registered Direct/Private Placement Offering Placement Agent 5.87 89,625 December 19, 2022 March 2018 Registered Direct/Private Placement Offering Investors 2.86 218,972 October 2, 2023 March 2018 Registered Direct/Private Placement Offering Placement Agent 3.73 46,866 March 28, 2023 August 2018 Offering Investors 1.15 3,921,569 August 14, 2023 August 2018 Offering Agent 1.59 189,412 August 8, 2023 April 2019 Registered Direct/Private Placement Offering Investors 1.42 1,294,498 April 5, 2024 April 2019 Registered Direct/Private Placement Offering Placement Agent 1.93 240,130 April 5, 2024 September 2019 Offering Investors 0.77 2,793,297 September 27, 2024 September 2019 Offering Underwriter 1.12 194,358 September 27, 2024 February 2020 Exercise Agreement Placement Agent 1.28 138,886 August 19, 2025 May 2020 Registered Direct Offering Investors 1.00 1,670,588 November 18, 2025 May 2020 Registered Direct Offering Placement Agent 1.33 155,647 May 14, 2025 August 2020 Underwriter 1.31 201,967 August 10, 2025 January 2021 Registered Direct Offering Investors 1.23 3,091,192 July 27, 2026 January 2021 Registered Direct Offering Agent 1.62 351,623 July 27, 2026 February 2021 Offering Investors 1.70 20,580,283 February 19, 2026 February 2021 Offering Agent 1.88 2,506,396 February 19, 2026 40,208,347 In December 2019, 1,060,615 of the September 2019 Offering Pre-Funded Unit Warrants were exercised at $0.0001 per share for net proceeds of $106. In January 2020, 1,315,715 of the September 2019 Offering Investor Warrants were exercised at $0.77 per share for net proceeds of $1,013,101. On February 14, 2020, the Company entered into a warrant exercise agreement for an aggregate of 3,712,218 shares of common stock having an existing exercise price of $0.77 and 2,586,455 shares of common stock at a reduced exercise price of $1.02. In consideration for the exercise of the warrants for cash, the exercising holders received new unregistered warrants to purchase 6,298,673 shares of common stock at an exercise price of $1.02 per share, exercisable six months after issuance and which have a term of exercise equal to five years. The offering closed on February 19, 2020 and net proceeds were $5,013,930 after placement agent fees and offering expenses. The Company also issued warrants to purchase 440,907 shares to the placement agent. The placement agent warrants have identical terms to the investor warrants except that the exercise price is $1.275 per share. The estimated fair value of the 6,298,673 warrants issued to the investors was $5,360,465 and the estimated fair value of the 440,907 warrants issued to the placement agent was $367,022. On June 26, 2020, 1,129,412 of the May 2020 Registered Direct Offering Investor Warrants were exercised at $1.00 per share for net proceeds of $1,129,412. In April 2021, we extended the term by three years to April 5, 2024 for 1,294,498 warrants for common stock with an exercise price of $1.42 per share and 240,130 warrants with an exercise price of $1.93 per share. We recorded a deemed dividend of $1,450,876 based on the excess of the fair value of the modified warrants over the fair value of the warrants before the modification, the effect of which was an increase in the net loss attributable to common shareholders During the year ended September 30, 2021, we received $31,130,134 in proceeds from the exercise of common stock warrants. At September 30, 2021, the weighted average remaining life of all of the outstanding warrants is 3.74 years, all warrants are exercisable, and the aggregate intrinsic value for the warrants outstanding was $19,903,185. Common Stock Reserved A summary of common stock reserved for future issuances as of September 30, 2021 is as follows: Stock plan options outstanding 5,755,171 Stock plan shares available for future grants 7,530,000 Warrants outstanding 40,208,347 Total 53,493,518

Related Party Transactions

Related Party Transactions	12 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	7. RELATED PARTY TRANSACTIONS The Company had outstanding debt due to Leonard Mazur (Chairman of the Board) and Myron Holubiak (Chief Executive Officer) (see Note 5). Mr. Mazur was a director and significant shareholder of Novellus, Inc. until July 2021. On October 6, 2020, the Company, through its subsidiary NoveCite, entered into an exclusive agreement with Novellus to develop cellular therapies (see Note 3). In April 2021, we extended the term by three years for 1,294,498 warrants held by our Chairman and our Chief Executive Officer (see Note 6).

Employment and Consulting Agree

Employment and Consulting Agreements	12 Months Ended
	Sep. 30, 2021
Employment and Consulting Agreements [Abstract]
EMPLOYMENT AND CONSULTING AGREEMENTS	8. EMPLOYMENT AND CONSULTING AGREEMENTS Employment Agreements On October 19, 2017, the Company and its Chairman of the Board, Leonard Mazur, entered into an employment agreement with a three-year term. Upon expiration, the agreement automatically renews for successive periods of one-year unless terminated pursuant to its terms. Under the terms of the agreement, the Company is required to pay base compensation plus incentives over the employment term plus severance benefits upon the occurrence of certain events as described in the agreement. On March 30, 2016, the Company entered into a three-year employment agreement with Myron Holubiak to serve as Chief Executive Officer. Upon expiration, the agreement automatically renews for successive periods of one-year unless terminated pursuant to its terms. The agreement requires the Company to pay base compensation plus incentives over the employment term plus severance benefits upon the occurrence of certain events as described in the agreement. On July 13, 2020, Citius entered into an employment agreement with Myron Czuczman, M.D. to serve as Executive Vice President, Chief Medical Officer. The agreement requires the Company to pay base compensation plus incentives over the employment term plus severance benefits upon the occurrence of certain events as described in the agreement. Dr. Czuczman was granted an option to purchase 500,000 shares of common stock. The Company has employment agreements with certain other employees that require the Company to pay base compensation plus incentives over the employment term plus severance benefits upon the occurrence of certain events as described in the agreement. Consulting Agreements Effective September 1, 2014, the Company entered into three consulting agreements. Two of the agreements were for financial services including accounting, preparation of financial statements and filings with the SEC. The third agreement was for financing activities, product development strategies and corporate development. The agreements may be terminated by the Company or the consultant with 90 days written notice. A consulting agreement for financial services ended in February 2019 and the agreement for financing activities, product development strategies and corporate development ended in December 2020. Consulting expense under the agreements for the years ended September 30, 2021 and 2020 was $144,000 and $324,000, respectively.

Fda Refund

Fda Refund	12 Months Ended
	Sep. 30, 2021
Fda Refund Disclosure [Abstract]
FDA REFUND	9. FDA REFUND In November 2019, the Company received a $110,207 refund from the FDA for 2016 product and establishment fees because the fees paid by the Company exceeded the costs of the FDA’s review of the associated applications. The Company recorded the $110,207 as other income during the year ended September 30, 2020.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2021
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES Operating Lease Effective July 1, 2019, Citius entered into a 76-month lease for office space in Cranford, NJ. Citius will pay its proportionate share of real estate taxes and operating expenses in excess of the base year expenses. These costs are considered to be variable lease payments and are not included in the determination of the lease’s right-of-use asset or lease liability. The Company identified and assessed the following significant assumptions in recognizing its right-of-use assets and corresponding lease liabilities: ● As the Company’s Cranford lease does not provide an implicit rate, the Company estimated the incremental borrowing rate in calculating the present value of the lease payments. The Company has estimated its incremental borrowing rate based on the remaining lease term as of the adoption date. ● Since the Company elected to account for each lease component and its associated non-lease components as a single combined component, all contract consideration was allocated to the combined lease component. ● The expected lease terms include noncancelable lease periods. The elements of lease expense are as follows: Lease cost Year Ended Year Ended Operating lease cost $ 238,824 $ 228,828 Variable lease cost 194 — Total lease cost $ 239,018 $ 228,828 Other information Weighted-average remaining lease term - operating leases 4.1 Years 5.1 Years Weighted-average discount rate - operating leases 8.0 % 8.0 % Maturities of lease liabilities due under the Company’s non-cancellable leases are as follows: Year Ending September 30, 2022 $ 239,306 2023 244,165 2024 249,024 2025 253,883 Thereafter 21,460 Total lease payments 1,007,838 Less: interest (152,367 ) Present value of lease liabilities $ 855,471 Leases Classification September 30, September 30, Assets Lease asset Operating $ 822,828 $ 986,204 Total lease assets $ 822,828 $ 986,204 Liabilities Current Operating $ 177,237 $ 158,999 Non-current Operating 678,234 855,471 Total lease liabilities $ 855,471 $ 1,014,470 Interest expense on the lease liability was $75,448 and $87,303 for the years ended September 30, 2021 and 2020, respectively. Legal Proceedings The Company is not involved in any litigation that it believes could have a material adverse effect on its financial position or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the Company’s executive officers, threatened against or affecting the Company or its officers or directors in their capacities as such.

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES There was no provision for federal or state income taxes for the years ended September 30, 2021 and 2020 due to the Company’s operating losses and the valuation reserve on deferred tax assets. The income tax benefit differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income for the years ended September 30, 2021 and 2020 due to the following: 2021 2020 Computed “expected” tax benefit (21.0 )% (21.0 )% Increase (decrease) in income taxes resulting from: State taxes, net of federal benefit (6.3 )% (6.3 )% Permanent differences 0.7 % 0.7 % Increase in the valuation reserve 26.6 % 26.6 % 0.0 % 0.0 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: September 30, September 30, Deferred tax assets: Net operating loss carryforward $ 25,508,000 $ 14,498,000 Stock-based compensation 1,105,000 915,000 Other 2,564,000 1,507,000 Valuation allowance on deferred tax assets (29,177,000 ) (16,920,000 ) Total deferred tax assets — — Deferred tax liabilities: In-process research and development (4,985,800 ) (4,985,800 ) Total deferred tax liability (4,985,800 ) (4,985,800 ) Net deferred tax liability $ (4,985,800 ) $ (4,985,800 ) The Company has recorded a valuation allowance against deferred tax assets as the utilization of the net operating loss carryforward and other deferred tax assets is uncertain. During the years ended September 30, 2021 and 2020, the valuation allowance increased by $12,257,000 and $3,591,000, respectively. The increase in the valuation allowance during the years ended September 30, 2021 and 2020 was primarily due to the Company’s net operating loss. At September 30, 2021, the Company has a federal net operating loss carryforward of approximately $88,000,000. Federal net operating loss carryforwards of approximately $35,000,000 begin expiring in 2034 and carryforwards of approximately $53,000,000 generated in tax years beginning after 2017 may be carried forward indefinitely. As of September 30, 2021, the Company also has estimated federal research and development credits of $2,044,000 to offset future income taxes. The tax credit carryforwards will begin to expire in 2036. The Company accounts for uncertain tax positions in accordance with the guidance provided in ASC 740, “Accounting for Income Taxes.” This guidance describes a recognition threshold and measurement attribute for the financial statement disclosure of tax positions taken or expected to be taken in a tax return and requires recognition of tax benefits that satisfy a more-likely-than-not threshold. ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure. There have been no reserves for uncertain tax positions recorded by the Company to date.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates having relatively higher significance include the accounting for in-process research and development and goodwill impairment, stock-based compensation, valuation of warrants, and income taxes. Actual results could differ from those estimates and changes in estimates may occur.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments with maturities of less than three months at the time of purchase to be cash equivalents. From time to time, the Company may have cash balances in financial institutions in excess of insurance limits. The Company has never experienced any losses related to these balances.
Research and Development	Research and Development Research and development costs, including upfront fees and milestones paid to collaborators who are performing research and development activities under contractual agreements with the Company, are expensed as incurred. The Company defers and capitalizes its nonrefundable advance payments that are for research and development activities until the related goods are delivered or the related services are performed. When the Company is reimbursed by a collaboration partner for work the Company performs, it records the costs incurred as research and development expenses and the related reimbursement as a reduction to research and development expenses in its consolidated statement of operations. Research and development expenses primarily consist of clinical and non-clinical studies, materials and supplies, third-party costs for contracted services, and payments related to external collaborations and other research and development related costs.
In-process Research and Development and Goodwill	In-process Research and Development and Goodwill In-process research and development of $19,400,000 represents the value of LMB’s leading drug candidate (Mino-Lok), which is an antibiotic solution used to treat catheter-related bloodstream infections and is expected to be amortized on a straight-line basis over a period of eight years commencing upon revenue generation. In-process research and development of $40,000,000 represents the value of our September 2021 acquisition of an exclusive license for E7777 (denileukin diftitox), a late-stage oncology immunotherapy for the treatment of CTCL, a rare form of non-Hodgkin lymphoma and is expected to be amortized on a straight-line basis over a period of twelve years commencing upon revenue generation. Included in the IPR&D is the historical know-how, formula protocols, designs, and procedures expected to be needed to complete Phase 3. In addition, the contracts acquired in connection with Dr. Reddy’s transaction with the clinical research and manufacturing organization are at market rates and could be provided by multiple vendors in the marketplace Therefore, there is no fair value associated with the contracts acquired. Incremental costs incurred on IPR&D after the acquisition date are expensed as incurred, unless there is an alternative future use. The Company reviews intangible assets annually to determine if any adverse conditions exist or a change in circumstances has occurred that would indicate impairment or a change in the remaining useful life of any intangible asset. If the carrying value of an asset exceeds its undiscounted cash flows, the Company writes down the carrying value of the intangible asset to its fair value in the period identified. No impairment has occurred since the acquisitions through September 30, 2021. Goodwill represents the value of LMB’s industry relationships and its assembled workforce. Goodwill is not amortized but it is tested at least annually for impairment. The Company evaluates the recoverability of goodwill annually or more frequently if events or changes in circumstances indicate that the carrying value of an asset might be impaired, in accordance with Accounting Standard Update (“ASU”) 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment The Company performed a qualitative assessment for its 2021 analysis of goodwill. Based on this assessment, management does not believe that it is more likely than not that the carrying value of the reporting unit exceeds its fair value. Accordingly, no further testing was performed as management believes that there are no impairment issues with respect to goodwill as of September 30, 2021.
Patents and Trademarks	Patents and Trademarks Certain costs of outside legal counsel related to obtaining trademarks for the Company are capitalized. Patent costs are amortized over the legal life of the patents, generally twenty years, starting at the patent issuance date. There are no capitalized patents and trademarks as of September 30, 2021. The costs of unsuccessful and abandoned applications are expensed when abandoned. The costs of maintaining existing patents are expensed as incurred.
Stock-Based Compensation	Stock-Based Compensation The Company recognizes compensation costs resulting from the issuance of stock-based awards to employees and directors as an expense in the consolidated statement of operations over the requisite service period based on the fair value for each stock award on the grant date. The fair value of each option grant is estimated as of the date of grant using the Black-Scholes option pricing model. The Company estimates volatility using the trading activity of its common stock. Because the Company’s stock options have characteristics significantly different from those of traded options, and because changes in the input assumptions can materially affect the fair value estimate, the existing model may not necessarily provide a reliable single measure of fair value of the Company’s stock options. The Company recognizes compensation costs resulting from the issuance of stock-based awards to non-employees as an expense in the consolidated statement of operations over the service period based on the measurement of fair value for each stock award and records forfeitures as they occur.
Income Taxes	Income Taxes The Company follows accounting guidance regarding the recognition, measurement, presentation and disclosure of uncertain tax positions in the consolidated financial statements. Tax positions taken or expected to be taken in the course of preparing the Company’s tax returns are required to be evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authorities. Tax positions not deemed to meet a more-likely-than-not threshold would be recorded in the consolidated financial statements. There are no uncertain tax positions that require accrual or disclosure as of September 30, 2021. Any interest or penalties are charged to expense. During the years ended September 30, 2021 and 2020, the Company did not recognize any interest and penalties. Tax years subsequent to September 30, 2017 are subject to examination by federal and state authorities. The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities, and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, for deferred tax assets for which it does not consider realization of such assets to be “more-likely-than-not.” The deferred tax benefit or expense for the period represents the change in the deferred tax asset or liability from the beginning to the end of the period.
Basic and Diluted Net Loss per Common Share	Basic and Diluted Net Loss per Common Share Basic and diluted net loss per common share applicable to common stockholders is computed by dividing net loss applicable to common stockholders in each period by the weighted average number of shares of common stock outstanding during such period. For the periods presented, common stock equivalents, consisting of options and warrants were not included in the calculation of the diluted loss per share because they were anti-dilutive.
Segment Reporting	Segment Reporting The Company currently operates as a single segment.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company has no significant off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other hedging arrangements.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In May 2021, the FASB issued ASU 2021-04 Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force)
Recently Issued Accounting Standards	Recently Issued Accounting Standards In August 2020, FASB issued ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Acquired Contract Assets and Contract Liabilities.

Common Stock, Stock Options a_2

Common Stock, Stock Options and Warrants (Tables)	12 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of option activity under the plans	2021 2020 Risk-free interest rate 0.32 – 0.89% 0.26 – 1.66% Expected dividend yield 0.00% 0.00% Expected term 6.50 – 10 years 6.50 – 10 years Expected volatility 111 – 112% 107 – 117%
Schedule of option activity under the plans	Shares Weighted- Weighted- Aggregate Outstanding at September 30, 2020 3,390,171 $ 2.51 8.00 years $ 440,336 Granted 2,435,000 1.57 Exercised (70,000 ) 1.18 $ 101,866 Forfeited or expired — 9.0 Outstanding at September 30, 2021 5,755,171 $ 2.13 8.02 years $ 3,589,392 Exercisable at September 30, 2021 2,499,635 $ 3.10 6.56 years $ 1,429,358
Schedule of warrants outstanding	Exercise Number Expiration Dates LMB Warrants $ 7.50 53,110 March 24 – April 29, 2022 2016 Offering Warrants 4.13 140,819 November 23, 2021 – February 27, 2022 2017 Public Offering Investors 4.13 1,622,989 August 2, 2022 2017 Public Offering Underwriter 4.54 65,940 February 2, 2023 December 2017 Registered Direct/Private Placement Offering Investors 4.63 640,180 June 19, 2023 December 2017 Registered Direct/Private Placement Offering Placement Agent 5.87 89,625 December 19, 2022 March 2018 Registered Direct/Private Placement Offering Investors 2.86 218,972 October 2, 2023 March 2018 Registered Direct/Private Placement Offering Placement Agent 3.73 46,866 March 28, 2023 August 2018 Offering Investors 1.15 3,921,569 August 14, 2023 August 2018 Offering Agent 1.59 189,412 August 8, 2023 April 2019 Registered Direct/Private Placement Offering Investors 1.42 1,294,498 April 5, 2024 April 2019 Registered Direct/Private Placement Offering Placement Agent 1.93 240,130 April 5, 2024 September 2019 Offering Investors 0.77 2,793,297 September 27, 2024 September 2019 Offering Underwriter 1.12 194,358 September 27, 2024 February 2020 Exercise Agreement Placement Agent 1.28 138,886 August 19, 2025 May 2020 Registered Direct Offering Investors 1.00 1,670,588 November 18, 2025 May 2020 Registered Direct Offering Placement Agent 1.33 155,647 May 14, 2025 August 2020 Underwriter 1.31 201,967 August 10, 2025 January 2021 Registered Direct Offering Investors 1.23 3,091,192 July 27, 2026 January 2021 Registered Direct Offering Agent 1.62 351,623 July 27, 2026 February 2021 Offering Investors 1.70 20,580,283 February 19, 2026 February 2021 Offering Agent 1.88 2,506,396 February 19, 2026 40,208,347
Summary of common stock reserved for future issuances	Stock plan options outstanding 5,755,171 Stock plan shares available for future grants 7,530,000 Warrants outstanding 40,208,347 Total 53,493,518

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2021
Disclosure Text Block [Abstract]
Schedule of operating lease expense	Lease cost Year Ended Year Ended Operating lease cost $ 238,824 $ 228,828 Variable lease cost 194 — Total lease cost $ 239,018 $ 228,828 Other information Weighted-average remaining lease term - operating leases 4.1 Years 5.1 Years Weighted-average discount rate - operating leases 8.0 % 8.0 %
Schedule of maturities of lease liabilities due under the company’s non-cancellable leases	Year Ending September 30, 2022 $ 239,306 2023 244,165 2024 249,024 2025 253,883 Thereafter 21,460 Total lease payments 1,007,838 Less: interest (152,367 ) Present value of lease liabilities $ 855,471
Schedule operating leases assets and liabilities	Leases Classification September 30, September 30, Assets Lease asset Operating $ 822,828 $ 986,204 Total lease assets $ 822,828 $ 986,204 Liabilities Current Operating $ 177,237 $ 158,999 Non-current Operating 678,234 855,471 Total lease liabilities $ 855,471 $ 1,014,470

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of income tax benefit differs amount of income tax U.S. federal	2021 2020 Computed “expected” tax benefit (21.0 )% (21.0 )% Increase (decrease) in income taxes resulting from: State taxes, net of federal benefit (6.3 )% (6.3 )% Permanent differences 0.7 % 0.7 % Increase in the valuation reserve 26.6 % 26.6 % 0.0 % 0.0 %
Schedule of deferred income taxes net tax effects of temporary differences	September 30, September 30, Deferred tax assets: Net operating loss carryforward $ 25,508,000 $ 14,498,000 Stock-based compensation 1,105,000 915,000 Other 2,564,000 1,507,000 Valuation allowance on deferred tax assets (29,177,000 ) (16,920,000 ) Total deferred tax assets — — Deferred tax liabilities: In-process research and development (4,985,800 ) (4,985,800 ) Total deferred tax liability (4,985,800 ) (4,985,800 ) Net deferred tax liability $ (4,985,800 ) $ (4,985,800 )

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details) - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 11, 2020	Mar. 30, 2016
Nature of Operations and Basis of Presentation (Details) [Line Items]
Goodwill	$ 9,346,796
Research and development	19,400,000
Revenue generation	$ 40,000,000
Delaware Corporation [Member]
Nature of Operations and Basis of Presentation (Details) [Line Items]
Ownership, percentage		75.00%
Series of Individually Immaterial Business Acquisitions [Member]
Nature of Operations and Basis of Presentation (Details) [Line Items]
Intangible assets			$ 19,400,000
Goodwill			$ 9,346,796

Liquidity and Management's Pl_2

Liquidity and Management's Plan (Details) - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Liquidity And Managements Plan [Abstract]
Negative cash flow operations	$ (24,250,414)	$ 16,930,658
Working capital	$ 68,800,000

Patent and Technology License_2

Patent and Technology License Agreements (Details) - USD ($)	Oct. 06, 2020	Apr. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2019
Patent and Technology License Agreements (Details) [Line Items]
Annual maintenance fee expense			$ 90,000	$ 90,000
Annual minimum royalty payment			100,000
Increasing annual royalties			25,000
Maximum aggregate annual royalties			150,000
Payable amount to NAT			$ 1,100,000
Research and development expense					$ 125,000
Description of license agreement			The term of the license agreement will continue until (i) if there has not been a commercial sale of a licensed product in the territory, until the 10-year anniversary of the original license effective date, March 30, 2016, or (ii) if there has been a first commercial sale of a licensed product in the territory within the 10-year anniversary of the original license effective date, the 10-year anniversary of the first commercial sale on a country-by-country basis. The term of the license may be extended for additional 10-year periods for all countries in the territory by notifying Eisai and paying an extension fee equal to $10 million.
Agreement expiration date			Jan. 2, 2034
Options paid		$ 100,000
Research and development expense			$ 19,400,000
Developmental milestone, description			NoveCite is obligated to pay Novellus up to $51,000,000 upon the achievement of various regulatory and developmental milestones. NoveCite also must pay a royalty equal to low double-digit percentages of net sales, commencing upon the sale of a licensed product. This royalty is subject to downward adjustment to an upper-single digit percentage of net sales in any country in the event of the expiration of the last valid patent claim or if no valid patent claim exists in that country. The royalty will end on the earlier of (i) date on which a biosimilar product is first marketed, sold, or distributed in the applicable country or (ii) the 10-year anniversary of the date of expiration of the last-to-expire valid patent claim in that country. In the case of a country where no licensed patent ever exists, the royalty will end on the later of (i) the date of expiry of such licensed product’s regulatory exclusivity and (ii) the 10-year anniversary of the date of the first commercial sale of the licensed product in the applicable country. In addition, NoveCite will pay to Novellus an amount equal to a mid-twenties percentage of any sublicensee fees it receives.
Revenue percentage			50.00%
License agreement development, description			Under the license agreement, Eisai is to receive a $6.0 million development milestone payment upon initial approval and additional commercial milestone payments related to the achievement of net product sales thresholds (which increases to $7 million in the event we have exercised our option to add India to the licensed territory prior to FDA approval) and an aggregate of up to $22 million related to the achievement of net product sales thresholds. We also are required to reimburse Eisai for up to $2.65 million of its costs to complete the ongoing Phase 3 pivotal clinical trial for I/ONTAK for the CTCL indication and reimburse Eisai for all reasonable costs associated with the preparation of a BLA for I/ONTAK.
Patent and Technology [Member]
Patent and Technology License Agreements (Details) [Line Items]
Description of license agreement			We paid annual maintenance fees of $45,000 and $30,000 in January 2021 and 2020, respectively. The annual maintenance fee increases by $15,000 per year up to a maximum of $90,000 and ceases on the first sale of product. We also must pay up to an aggregate of $2.1 million in milestone payments, contingent on the achievement of various regulatory and commercial milestones. Under the terms of the license agreement, we also must pay a royalty of mid- to upper-single digit percentages of net sales, depending on the amount of annual sales, and subject to downward adjustment to lower- to mid-single digit percentages in the event there is no valid patent for the product in the United States at the time of sale. After the first sale of product, we will owe an annual minimum royalty payment of $100,000 that will increase annually by $25,000 for the duration of the term.
NoveCite [member]
Patent and Technology License Agreements (Details) [Line Items]
Research and development expense	$ 5,000,000
Outstanding equity	25.00%
Percentage of outstanding equity			75.00%
Percentage of ownership additional shares			25.00%
Eisai [Member]
Patent and Technology License Agreements (Details) [Line Items]
Description of license agreement			Citius paid $40 million upfront payment which represents the acquisition date fair value of the in-process research and development acquired from Dr. Reddy’s. Dr. Reddy’s is entitled to up to $40 million in development milestone payments related to CTCL approvals in the U.S. and other markets, up to $70 million in development milestones for additional indications, as well as commercial milestone payments and low double-digit tiered royalties on net product sales, and up to $300 million for commercial sales milestones. We also must pay on a fiscal quarter basis tiered royalties equal to low double-digit percentages of net product sales. The royalties will end on the earlier of (i) the 15-year anniversary of the first commercial sale of the latest indication that received regulatory approval in the applicable country and (ii) the date on which a biosimilar product results in the reduction of net sales in the applicable product by 50% in two consecutive quarters, as compared to the four quarters prior to the first commercial sale of the biosimilar product.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Sep. 30, 2021USD ($)
Summary of Significant Accounting Policies (Details) [Line Items]
Research and development expenses	$ 19,400,000
Dr. Reddy’s [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Research and development expenses	$ 40,000,000

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Apr. 12, 2020	Jul. 28, 2021	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Notes Payable (Details) [Line Items]
Note payable			$ 160,470
Debt instrument, description	the Company applied for a forgivable loan through the Small Business Association’s Paycheck Protection Program (the “PPP”). In accordance with the provisions of the PPP, the loan accrued interest at a rate of 1% and a portion of the loan may be forgiven if it is used to pay qualifying costs such as payroll, rent and utilities. Amounts that are not forgiven will be repaid two years from the date of the loan. On April 15, 2020, the Company received $164,583 from the PPP through its bank.		Notes with an aggregate principal balance of $104,000 accrued interest at the prime rate plus 1.0% per annum and notes with an aggregate principal balance of $68,970 accrued interest at 12% per annum.
Principal amount					$ 172,970
Paid accrued interest					$ 38,917
Accrued interest			$ 59,917
Interest expense on notes payable - related parties			9,606	$ 14,932
Interest expense			1,233	$ 741
Gain from debt extinguishment		$ 166,557	166,557
Chief Executive Officer [Member]
Notes Payable (Details) [Line Items]
Principal balance			$ 12,500

Common Stock, Stock Options a_3

Common Stock, Stock Options and Warrants (Details) - USD ($)

Feb. 12, 2021

Sep. 08, 2020

Aug. 10, 2020

Jun. 26, 2020

Apr. 06, 2020

Feb. 10, 2020

Jan. 31, 2020

Dec. 31, 2019

Nov. 04, 2019

Feb. 19, 2021

Jan. 27, 2021

May 18, 2020

Feb. 14, 2020

Sep. 30, 2021

Sep. 30, 2020

Jun. 21, 2021

May 24, 2021

Apr. 30, 2021

Nov. 05, 2020

Feb. 07, 2018

Common Stock, Stock Options and Warrants (Details) [Line Items]

Common shares authorized

400,000,000

400,000,000

Common stock, shares issued

50,000

101,174

50,000

150,000

186,566

Fair value of common stock issued (in Dollars)

$ 68,000

$ 100,000

$ 22,750

$ 306,020

$ 100,000

Common stock for general advisory and business development advisory services

136,000

Common shares reserved

2,000,000

Shares available for future grants

7,530,000

Weighted average grant date fair value (in Dollars per share)

$ 1.34

$ 0.76

Options vest over terms

10 years

10 years

Stock-based compensation expense description

Stock-based compensation expense for the years ended September 30, 2021 and 2020 was $1,454,979 (including $83,555 for the NoveCite Stock Plan) and $803,261, respectively.

Citius stock plans (in Dollars)

$ 3,012,685

Weighted average period term

2 years 4 months 2 days

Common shares outstanding

2,000,000

Stock option purchase grants

2,000,000

Weighted average exercise price (in Dollars per share)

$ 0.24

Weighted average grant date fair value description

The weighted average grant date fair value of the options granted during the year ended September 30, 2021 was estimated at $0.20 per share. All of these options vest over 36 months and have a term of 10 years. The weighted average remaining contractual term of options outstanding under the NoveCite Stock Plan is 9.39 years. At September 30, 2021, unrecognized total compensation cost related to unvested awards under the NoveCite Stock Plan of $316,445 is expected to be recognized over a weighted average period of 2.42 years.

Warrants were exercised (in Dollars per share)

$ 1

Net proceeds (in Dollars)

$ 1,129,412

Warrant exercise agreement description

the Company entered into a warrant exercise agreement for an aggregate of 3,712,218 shares of common stock having an existing exercise price of $0.77 and 2,586,455 shares of common stock at a reduced exercise price of $1.02. In consideration for the exercise of the warrants for cash, the exercising holders received new unregistered warrants to purchase 6,298,673 shares of common stock at an exercise price of $1.02 per share, exercisable six months after issuance and which have a term of exercise equal to five years. The offering closed on February 19, 2020 and net proceeds were $5,013,930 after placement agent fees and offering expenses. The Company also issued warrants to purchase 440,907 shares to the placement agent. The placement agent warrants have identical terms to the investor warrants except that the exercise price is $1.275 per share. The estimated fair value of the 6,298,673 warrants issued to the investors was $5,360,465 and the estimated fair value of the 440,907 warrants issued to the placement agent was $367,022.

Extended term

3 years

Extented date

Apr. 5, 2024

Warrants for common stock

145,979,429

55,576,996

1,294,498

Common stock exercise price per share (in Dollars per share)

$ 1.42

Warrants shares

240,130

Warrants exercise price per share (in Dollars per share)

$ 1.93

Fair value of deemed dividend (in Dollars)

$ 1,450,876

Proceeds from exercise of common stock warrants (in Dollars)

$ 31,130,134

Registered Direct Offering [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Description of warrants

the Company closed a registered direct offering with several institutional and accredited investors for the sale of 7,058,824 shares of common stock at $1.0625 per share for gross proceeds of $7,500,001. The Company also issued 3,529,412 unregistered immediately exercisable warrants to the investors with an exercise price of $1.00 per share and a term of five and one-half years. The Company paid the placement agent for the offering a fee of 7% of the gross proceeds totaling $525,000 and issued the placement agent 494,118 immediately exercisable warrants with an exercise price of $1.3281 per share and a term of five years. The Company also reimbursed the placement agent for $85,000 in expenses and incurred $12,901 in other expenses. Net proceeds from the offering were $6,877,100. The estimated fair value of the 3,529,412 warrants issued to the investors was $2,138,998 and the estimated fair value of the 494,118 warrants issued to the placement agent was $275,724.

Common stock offerings, description

the Company closed a registered direct offering for 50,830,566 common shares and warrants to purchase up to 25,415,283 common shares, at a purchase price of $1.505 per share of common stock and accompanying warrant, for gross proceeds of $76,500,002. The 25,415,283 warrants are immediately exercisable at $1.70 per common share for a term of five years. The Company paid the placement agent a fee of 7% of the gross proceeds totaling $5,355,000 and issued the placement agent 3,558,140 immediately exercisable warrants at $1.881 per common share for a term of five years. The Company also reimbursed the placement agent for $85,000 in expenses and incurred $80,160 in other expenses. Net proceeds from the offering were $70,979,842. The estimated fair value of the 25,415,283 warrants issued to the investors was approximately $42,322,000 and the estimated fair value of the 3,558,140 warrants issued to the placement agent was approximately $5,850,000.

Underwritten Public Offering [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Description of warrants

the Company closed an underwritten public offering of 9,159,524 shares of common stock at a price of $1.05 per share for gross proceeds of $9,617,500. The Company paid the underwriter a fee of 7% of the gross proceeds totaling $673,225 and issued the underwriters 641,166 immediately exercisable warrants with an exercise price of $1.3125 per share and a term of five years. The Company also reimbursed the placement agent for $135,000 in expenses and incurred $109,074 in other expenses. Net proceeds from the offering were $8,700,201. The estimated fair value of the 641,166 warrants issued to the underwriter was $569,426.

2014 Stock Incentive Plan [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Common stock for issuance

866,667

Shares outstanding

855,171

Purchase of shares were exercised

4,829

Options to purchase shares expired

6,667

2018 Omnibus Stock Incentive Plan [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Common stock for issuance

2,000,000

2020 Omnibus Stock Incentive Plan [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Purchase of shares were exercised

70,000

Number of shares outstanding

1,820,000

Remaining shares

110,000

2020 Plan [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Common shares reserved

3,110,000

2021 Omnibus Stock Incentive Plan [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Remaining shares

1,240,000

Option to purchase share outstanding

1,870,000

2021 Stock Plan [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Common shares reserved

8,740,000

Option to purchase share outstanding

1,210,000

Shares available for future grants

7,530,000

Stock Options [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Contractual term

10 years

September 2019 Offering Pre-Funded [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Warrants shares

1,060,615

Warrants were exercised (in Dollars per share)

$ 0.0001

Net proceeds (in Dollars)

$ 106

September 2019 Offering Investor [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Warrants shares

1,315,715

Warrants were exercised (in Dollars per share)

$ 0.77

Net proceeds (in Dollars)

$ 1,013,101

May 2020 Registered Direct Offering [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Warrants shares

1,129,412

Minimum [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Shares of capital stock authorized

210,000,000

Common shares authorized

200,000,000

Options vest over terms

12 months

12 months

Maximum [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Shares of capital stock authorized

410,000,000

Common shares authorized

400,000,000

Options vest over terms

36 months

36 months

Warrants [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Common shares reserved

40,208,347

Weighted average remaining life of the outstanding warrants

3 years 8 months 26 days

Aggregate intrinsic value for the warrants outstanding (in Dollars)

$ 19,903,185

Private Placement [Member]

Common Stock, Stock Options and Warrants (Details) [Line Items]

Common stock offerings, description

the Company closed a private placement for 15,455,960 common shares and warrants to purchase 7,727,980 common shares, at a purchase price of $1.294 per common share and accompanying warrant, for gross proceeds of $20,000,012. The 7,727,980 warrants are immediately exercisable at $1.231 per common share for a term of five and one-half years. The Company paid the placement agent a fee of 7% of the gross proceeds totaling $1,400,001 and issued the placement agent 1,081,917 immediately exercisable warrants at $1.6175 per common share for a term of five and one-half years. The Company also reimbursed the placement agent for $85,000 in expenses and incurred $64,601 in other expenses. Net proceeds from the offering were $18,450,410. The estimated fair value of the 7,727,980 warrants issued to the investors was approximately $7,582,000 and the estimated fair value of the 1,081,917 warrants issued to the placement agent was approximately $1,025,000.

Common Stock, Stock Options a_4

Common Stock, Stock Options and Warrants (Details) - Schedule of fair value of stock option grants	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Common Stock, Stock Options and Warrants (Details) - Schedule of fair value of stock option grants [Line Items]
Expected dividend yield	0.00%	0.00%
Minimum [Member]
Common Stock, Stock Options and Warrants (Details) - Schedule of fair value of stock option grants [Line Items]
Risk-free interest rate	0.32%	0.26%
Expected term	6 years 6 months	6 years 6 months
Expected volatility	111.00%	107.00%
Maximum [Member]
Common Stock, Stock Options and Warrants (Details) - Schedule of fair value of stock option grants [Line Items]
Risk-free interest rate	0.89%	1.66%
Expected term	10 years	10 years
Expected volatility	112.00%	117.00%

Common Stock, Stock Options a_5

Common Stock, Stock Options and Warrants (Details) - Schedule of option activity under the plans	12 Months Ended
	Dec. 31, 2008USD ($)$ / sharesshares
Schedule of option activity under the plans [Abstract]
Outstanding Shares (in Shares) | shares	3,390,171
Outstanding Weighted- Average Exercise Price	$ 2.51
Outstanding Weighted- Average Remaining Contractual Term	8 years
Outstanding Aggregate Intrinsic Value (in Dollars) | $	$ 440,336
Granted Shares (in Shares) | shares	2,435,000
Granted Weighted- Average Exercise Price	$ 1.57
Exercised Shares (in Shares) | shares	(70,000)
Exercised Weighted- Average Exercise Price	$ 1.18
Exercised Aggregate Intrinsic Value (in Dollars) | $	$ 101,866
Forfeited or expired Weighted- Average Exercise Price	$ 9
Outstanding Shares (in Shares) | shares	5,755,171
Outstanding Weighted- Average Exercise Price	$ 2.13
Outstanding Weighted- Average Remaining Contractual Term	8 years 7 days
Outstanding Aggregate Intrinsic Value (in Dollars) | $	$ 3,589,392
Exercisable Shares (in Shares) | shares	2,499,635
Exercisable Weighted- Average Exercise Price	$ 3.1
Exercisable Weighted- Average Remaining Contractual Term	6 years 6 months 21 days
Exercisable Aggregate Intrinsic Value (in Dollars) | $	$ 1,429,358

Common Stock, Stock Options a_6

Common Stock, Stock Options and Warrants (Details) - Schedule of warrants outstanding	12 Months Ended
	Sep. 30, 2021$ / sharesshares
Class of Warrant or Right [Line Items]
Number	40,208,347
LMB Warrants [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 7.5
Number	53,110
Expiration Dates	March 24 – April 29, 2022
2016 Offering Warrants [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 4.13
Number	140,819
Expiration Dates	November 23, 2021 – February 27, 2022
2017 Public Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 4.13
Number	1,622,989
Expiration Dates	August 2, 2022
2017 Public Offering Underwriter [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 4.54
Number	65,940
Expiration Dates	February 2, 2023
December 2017 Registered Direct/Private Placement Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 4.63
Number	640,180
Expiration Dates	June 19, 2023
December 2017 Registered Direct/Private Placement Offering Placement Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 5.87
Number	89,625
Expiration Dates	December 19, 2022
March 2018 Registered Direct/Private Placement Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 2.86
Number	218,972
Expiration Dates	October 2, 2023
March 2018 Registered Direct/Private Placement Offering Placement Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 3.73
Number	46,866
Expiration Dates	March 28, 2023
August 2018 Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.15
Number	3,921,569
Expiration Dates	August 14, 2023
August 2018 Offering Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.59
Number	189,412
Expiration Dates	August 8, 2023
April 2019 Registered Direct/Private Placement Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.42
Number	1,294,498
Expiration Dates	April 5, 2024
April 2019 Registered Direct/Private Placement Offering Placement Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.93
Number	240,130
Expiration Dates	April 5, 2024
September 2019 Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 0.77
Number	2,793,297
Expiration Dates	September 27, 2024
September 2019 Offering Underwriter [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.12
Number	194,358
Expiration Dates	September 27, 2024
February 2020 Exercise Agreement Placement Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.28
Number	138,886
Expiration Dates	August 19, 2025
May 2020 Registered Direct Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1
Number	1,670,588
Expiration Dates	November 18, 2025
May 2020 Registered Direct Offering Placement Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.33
Number	155,647
Expiration Dates	May 14, 2025
August 2020 Underwriter [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.31
Number	201,967
Expiration Dates	August 10, 2025
January 2021 Registered Direct Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.23
Number	3,091,192
Expiration Dates	July 27, 2026
January 2021 Registered Direct Offering Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.62
Number	351,623
Expiration Dates	July 27, 2026
February 2021 Offering Investors [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.7
Number	20,580,283
Expiration Dates	February 19, 2026
February 2021 Offering Agent [Member]
Class of Warrant or Right [Line Items]
Exercise price (in Dollars per share) | $ / shares	$ 1.88
Number	2,506,396
Expiration Dates	February 19, 2026

Common Stock, Stock Options a_7

Common Stock, Stock Options and Warrants (Details) - Summary of common stock reserved for future issuances	12 Months Ended
	Sep. 30, 2021shares
Summary of common stock reserved for future issuances [Abstract]
Stock plan options outstanding	5,755,171
Stock plan shares available for future grants	7,530,000
Warrants outstanding	40,208,347
Total	53,493,518

Related Party Transactions (Det

Related Party Transactions (Details) - Chief Executive Officer [Member]	Apr. 30, 2021shares
Related Party Transactions (Details) [Line Items]
Term of warrants	3 years
Warrants	1,294,498

Employment and Consulting Agr_2

Employment and Consulting Agreements (Details) - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jul. 13, 2020
Employment and Consulting Agreements Details [Abstract]
Common stock shares (in Shares)			500,000
Consulting expense	$ 144,000	$ 324,000

Fda Refund (Details)

Fda Refund (Details) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2019	Sep. 30, 2020
Fda Refund Disclosure [Abstract]
Additional refund amount	$ 110,207
Other income		$ 110,207

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Disclosure Text Block [Abstract]
Interest expense lease liability	$ 75,448	$ 87,303

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of operating lease expense - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Schedule of operating lease expense [Abstract]
Operating lease cost	$ 238,824	$ 228,828
Variable lease cost	194
Total lease cost	$ 239,018	$ 228,828
Other information
Weighted-average remaining lease term - operating leases	4 years 1 month 6 days	5 years 1 month 6 days
Weighted-average discount rate - operating leases	8.00%	8.00%

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of maturities of lease liabilities due under the company’s non-cancellable leases	Sep. 30, 2021USD ($)
Schedule of maturities of lease liabilities due under the company’s non-cancellable leases [Abstract]
2022	$ 239,306
2023	244,165
2024	249,024
2025	253,883
Thereafter	21,460
Total lease payments	1,007,838
Less: interest	(152,367)
Present value of lease liabilities	$ 855,471

Commitments and Contingencies_5

Commitments and Contingencies (Details) - Schedule operating leases assets and liabilities - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Assets
Lease asset	$ 822,828	$ 986,204
Total lease assets	822,828	986,204
Liabilities
Current	177,237	158,999
Non-current	678,234	855,471
Total lease liabilities	$ 855,471	$ 1,014,470

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Valuation allowance increased	$ 12,257,000	$ 3,591,000
Federal net operating loss carryforward	88,000,000	$ 35,000,000
Carryforwards amount	53,000,000
Federal research and development	$ 2,044,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of income tax benefit differs amount of income tax U.S. federal	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Schedule of income tax benefit differs amount of income tax U.S. federal [Abstract]
Computed “expected” tax benefit	(21.00%)	(21.00%)
Increase (decrease) in income taxes resulting from:
State taxes, net of federal benefit	(6.30%)	(6.30%)
Permanent differences	0.70%	0.70%
Increase in the valuation reserve	26.60%	26.60%
income tax benefit differs total	0.00%	0.00%

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of deferred income taxes net tax effects of temporary differences - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Deferred tax assets:
Net operating loss carryforward	$ 25,508,000	$ 14,498,000
Stock-based compensation	1,105,000	915,000
Other	2,564,000	1,507,000
Valuation allowance on deferred tax assets	(29,177,000)	(16,920,000)
Total deferred tax assets
Deferred tax liabilities:
In-process research and development	(4,985,800)	(4,985,800)
Total deferred tax liability	(4,985,800)	(4,985,800)
Net deferred tax liability	$ (4,985,800)	$ (4,985,800)