| Schedule of key assumptions used to value the convertible notes |
|
|
|
|
|
|
|
|
| |
|
March 31, 2026 |
|
September 30, 2025 |
| Stock Price |
|
$ |
4.74 |
|
|
$ |
9.53 |
|
| Equity Volatility |
|
|
59 |
% |
|
|
52 |
% |
| Discount Rate |
|
|
45 |
% |
|
|
41 |
% |
| Risk free rate of return |
|
|
3.67-3.68 % |
|
|
|
3.70 |
% |
| Term to maturity (years) |
|
|
0.32-0.45 |
|
|
|
0.82 |
|
The following table presents balance of the convertible notes with significant
unobservable inputs (Level 3) as of March 31, 2026 and September 30, 2025:
| |
|
|
|
|
|
|
|
|
| |
|
March 31, 2026 |
|
September 30, 2025 |
| Convertible notes (at fair value) |
|
$ |
4,831,699 |
|
|
$ |
4,552,653 |
|
| July Notes (at amortized cost) |
|
|
43,795 |
|
|
|
308,737 |
|
| October Note (at amortized cost) |
|
|
111,871 |
|
|
|
— |
|
| November Note (at amortized cost) |
|
|
324,174 |
|
|
|
— |
|
| January 2026 Note (at amortized cost)) |
|
|
314,344 |
|
|
|
— |
|
| Balance, Convertible notes payable |
|
$ |
5,625,883 |
|
|
$ |
4,861,390 |
|
|