v3.25.2
Stockholder's Equity (Tables)
6 Months Ended 12 Months Ended
Mar. 31, 2025
Sep. 30, 2024
Stockholder's Equity [Abstract]    
Schedule of Fair Value of Stock Options Grants  

The following assumptions were used in determining the fair value of stock option grants for the year ended September 30, 2024 and 2023:

 

   2024   2023 
Risk-free interest rate   4.66%   4.11%
Expected dividend yield   0.00%   0.00%
Expected term   6.50 years    5.96 years 
Expected volatility   87%   91%
Schedule of Stock Option Activity

A summary of option activity under the stock plans is presented below:

 

   Shares   Weighted-
Average
Exercise
Price
   Weighted-
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 
Outstanding at September 30, 2024   12,750,000   $2.15   8.78 years  $
 
Granted   5,750,000   $1.07         
Forfeited   
-
              
Outstanding at March 31, 2025   18,500,000   $1.81   8.72 years  $
 
Exercisable at March 31, 2025   5,135,417   $2.06   8.39 years  $
 

A summary of option activity under the plan is presented below:

 

   Shares   Weighted-
Average
Exercise
Price
   Weighted-
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 
Outstanding at September 30, 2023   12,600,000   $2.15   9.77 years  $
    -
 
Granted   150,000    2.15         
Forfeited   
-
              
Outstanding at September 30, 2024   12,750,000   $2.15   8.78 years  $
-
 
Exercisable at September 30, 2024   3,937,500   $2.15   8.77 years  $
-