v3.26.1
Pay vs Performance Disclosure - USD ($)
 6 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Sep. 29, 2023
Sep. 30, 2022
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
PAY VERSUS PERFORMANCE
Pay vs. Performance

The following table sets forth compensation information for our principal executive officers, referred below as our PEOs, and other named executive officers, or NEOs, for purposes of comparing their compensation to the value of our shareholders’ investments and our net loss, calculated in accordance with SEC regulations applicable to smaller reporting companies, for the fiscal years ended 2025, 2024, and 2023.
Fiscal
Year
Ending
  
Summary
Compensation
Table Total for
PEO (Craig
Hopkins) (a)
    
Compensation
Actually Paid to
PEO (Craig
Hopkins) (b)
    
Summary
Compensation
Table Total
for PEO
(Alex
Kinzler) (c)
    
Compensation
Actually Paid to
PEO (Alex
Kinzler) (d)
    
Average
Summary
Compensation
Table Total for
Non-CEO NEOs
(e)
    
Average
Compensation
Actually Paid
to Non-CEO
NEOs (f)
    
Value of
Initial Fixed
$100
Investment
Based on
Total
Shareholder
Return (g)
    
Net Loss
  
2025
  
$
303,022
    
$
215,502
    
$
-
    
$
-
    
$
271,191
    
$
271,191
    
$
60
    
$
(7,103,000
)
2024
  
$
283,108
    
$
260,908
    
$
104,431
    
$
97,831
    
$
302,500
    
$
200,165
    
$
105
    
$
(5,565,000
)
2023
  
$
-
    
$
-
    
$
328,309
    
$
324,509
    
$
313,750
    
$
309,950
    
$
123
    
$
(961,000
)

  (a)
The dollar amounts reported represent the total compensation reported in the Summary Compensation Table for Craig D. Hopkins, who served as the Company’s principal executive officer beginning April 1, 2024 and through fiscal year ending September 30, 2025. For fiscal year 2024, the amounts reflect compensation for the period from April 1, 2024 through September 30, 2024.

(b)
The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules. The dollar amounts reported are the amounts of total compensation reported for Mr. Hopkins during the applicable year, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year. See table below for further information.

(c)
The dollar amounts reported represent the total compensation reported in the Summary Compensation Table for Alexander C. Kinzler, who served as the Company’s principal executive officer for the fiscal year ending September 30, 2023 and through March 31, 2024. For fiscal year 2024, the amounts reflect compensation for the period from October 1, 2023 through March 31, 2024.

(d)
The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules. The dollar amounts reported are the amounts of total compensation reported for Mr. Kinzler during the applicable year, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year. See table below for further information.

(e)
The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our CEO, in the Summary Compensation Table for fiscal years 2025, 2024 and 2023.

(f)
The dollar amounts reported represent the average amount of “compensation actually paid”, as computed in accordance with SEC rules, for our NEOs, other than our CEO. The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our CEO in the Summary Compensation Table for fiscal years 2025, 2024 and 2023, but also include: (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year.

(g)
Reflects the cumulative stockholder return over the relevant fiscal year, computed in accordance with SEC rules, assuming an investment of $100 in our common shares at a price per share equal to the closing price of our common stock on the last trading day before the commencement of the earliest applicable fiscal year (September 30, 2022) and the measurement end point of the closing price of our common stock on the last trading day in the applicable fiscal year. For 2025, the closing price of our common stock on September 30, 2025 was $1.30 and the closing price of our common stock on September 30, 2024 was $2.26. For 2023, the closing price of our common stock on September 29, 2023 was $2.64. For 2022, the closing price of our common stock on September 30, 2022 was $2.64.


To calculate the amounts in the “Compensation Actually Paid to PEOs” column in the table above, the following amounts were deducted from and added to (as applicable) our PEOs “Total” compensation as reported in the Summary Compensation Table.
Name
  
Fiscal
Year
Ending
  
Summary
Compensation
Table Total
for PEO
    
Reported
Value of
Equity
Awards for
PEO (1)
    
Fair Value as
of Year End
for Unvested
Awards
Granted
During the
Year
    
Fair Value Year
over Year
Increase or
Decrease in
Unvested Awards
Granted in Prior
Years
    
Fair Value
Increase or
Decrease from
Prior Year end
for Awards
that Vested
During the
Year
    
Compensation
Actually Paid to
PEO
  
Craig D. Hopkins
Chief Executive Officer and President
  
2025
  
$
303,022
    
$
113,520

 
$
85,800
    
$
(38,400
)
  
$
(21,400
)
  
$
215,502
  
 
2024
  
$
283,108
 (2)  
$
157,800

 
$
135,600
    
$
-
    
$
-
    
$
260,908
  
                                                     
Alexander C. Kinzler
 Chief Executive Officer, President and Chief Operating Officer
  
2024
  
$
104,431
 (2)  
$
-
    
$
-
    
$
-
    
$
(6,600
)
  
$
97,831
  
 
2023
  
$
328,309
    
$
-
    
$
-
    
$
-
    
$
(3,800
)
  
$
324,509
  

  (1)
Represents the grant date fair value of the equity awards to our CEO, as reported in the Summary Compensation Table

(2)
For fiscal year 2024, Craig D. Hopkins served as the Company’s principal executive officer from April 1, 2024 through September 30, 2024, and Alexander C. Kinzler served as the Company’s principal executive officer from October 1, 2023 through March 31, 2024. In accordance with SEC rules, compensation is presented separately for each individual based on the period during which such individual served as principal executive officer.


To calculate the amounts in the “Compensation Actually Paid to Non-CEO NEOs” column in the table above, the following amounts were deducted from and added to (as applicable) the average “Total” compensation of our Non-CEO NEOs as reported in the Summary Compensation Table.
Name
Fiscal
Year
Ending
  
Summary
Compensation
Table Total
for Non-CEO
NEOs
    
Reported
Value of
Equity
Awards for
Non-CEO
NEOs
    
Fair Value as
of Year End
for Unvested
Awards
Granted
During the
Year
    
Fair Value Year
over Year
Increase or
Decrease in
Unvested Awards
Granted in Prior
Years
    
Fair Value
Increase or
Decrease from
Prior Year end
for Awards
that Vested
During the
Year
    
Compensation
Actually Paid to
Non-CEO
NEOs
  
Russell M. Gifford
Executive Vice President, Chief Financial Officer and Treasurer
2025
  
$
316,250
    
$
-
    
$
-
    
$
-
    
$
-
    
$
316,250
  
2024
  
$
302,500
    
$
-
    
$
-
    
$
-
    
$
(6,600
)
  
$
295,900
  
2023
  
$
313,750
    
$
-
    
$
-
    
$
-
    
$
(3,800
)
  
$
309,950
  
                                                   
Alexander C. Kinzler
 Secretary and General Counsel
2025
  
$
226,131
    
$
-
    
$
-
    
$
-
    
$
-
    
$
226,131
  
2024
  
$
104,431
    
$
-
    
$
-
    
$
-
    
$
-
    
$
104,431
  
       
Named Executive Officers, Footnote    
  (a)
The dollar amounts reported represent the total compensation reported in the Summary Compensation Table for Craig D. Hopkins, who served as the Company’s principal executive officer beginning April 1, 2024 and through fiscal year ending September 30, 2025. For fiscal year 2024, the amounts reflect compensation for the period from April 1, 2024 through September 30, 2024.

(c)
The dollar amounts reported represent the total compensation reported in the Summary Compensation Table for Alexander C. Kinzler, who served as the Company’s principal executive officer for the fiscal year ending September 30, 2023 and through March 31, 2024. For fiscal year 2024, the amounts reflect compensation for the period from October 1, 2023 through March 31, 2024.
       
Adjustment To PEO Compensation, Footnote    

To calculate the amounts in the “Compensation Actually Paid to PEOs” column in the table above, the following amounts were deducted from and added to (as applicable) our PEOs “Total” compensation as reported in the Summary Compensation Table.
Name
  
Fiscal
Year
Ending
  
Summary
Compensation
Table Total
for PEO
    
Reported
Value of
Equity
Awards for
PEO (1)
    
Fair Value as
of Year End
for Unvested
Awards
Granted
During the
Year
    
Fair Value Year
over Year
Increase or
Decrease in
Unvested Awards
Granted in Prior
Years
    
Fair Value
Increase or
Decrease from
Prior Year end
for Awards
that Vested
During the
Year
    
Compensation
Actually Paid to
PEO
  
Craig D. Hopkins
Chief Executive Officer and President
  
2025
  
$
303,022
    
$
113,520

 
$
85,800
    
$
(38,400
)
  
$
(21,400
)
  
$
215,502
  
 
2024
  
$
283,108
 (2)  
$
157,800

 
$
135,600
    
$
-
    
$
-
    
$
260,908
  
                                                     
Alexander C. Kinzler
 Chief Executive Officer, President and Chief Operating Officer
  
2024
  
$
104,431
 (2)  
$
-
    
$
-
    
$
-
    
$
(6,600
)
  
$
97,831
  
 
2023
  
$
328,309
    
$
-
    
$
-
    
$
-
    
$
(3,800
)
  
$
324,509
  

  (1)
Represents the grant date fair value of the equity awards to our CEO, as reported in the Summary Compensation Table

(2)
For fiscal year 2024, Craig D. Hopkins served as the Company’s principal executive officer from April 1, 2024 through September 30, 2024, and Alexander C. Kinzler served as the Company’s principal executive officer from October 1, 2023 through March 31, 2024. In accordance with SEC rules, compensation is presented separately for each individual based on the period during which such individual served as principal executive officer.
       
Non-PEO NEO Average Total Compensation Amount     $ 271,191 $ 302,500 $ 313,750    
Non-PEO NEO Average Compensation Actually Paid Amount     $ 271,191 200,165 309,950    
Adjustment to Non-PEO NEO Compensation Footnote    

To calculate the amounts in the “Compensation Actually Paid to Non-CEO NEOs” column in the table above, the following amounts were deducted from and added to (as applicable) the average “Total” compensation of our Non-CEO NEOs as reported in the Summary Compensation Table.
Name
Fiscal
Year
Ending
  
Summary
Compensation
Table Total
for Non-CEO
NEOs
    
Reported
Value of
Equity
Awards for
Non-CEO
NEOs
    
Fair Value as
of Year End
for Unvested
Awards
Granted
During the
Year
    
Fair Value Year
over Year
Increase or
Decrease in
Unvested Awards
Granted in Prior
Years
    
Fair Value
Increase or
Decrease from
Prior Year end
for Awards
that Vested
During the
Year
    
Compensation
Actually Paid to
Non-CEO
NEOs
  
Russell M. Gifford
Executive Vice President, Chief Financial Officer and Treasurer
2025
  
$
316,250
    
$
-
    
$
-
    
$
-
    
$
-
    
$
316,250
  
2024
  
$
302,500
    
$
-
    
$
-
    
$
-
    
$
(6,600
)
  
$
295,900
  
2023
  
$
313,750
    
$
-
    
$
-
    
$
-
    
$
(3,800
)
  
$
309,950
  
                                                   
Alexander C. Kinzler
 Secretary and General Counsel
2025
  
$
226,131
    
$
-
    
$
-
    
$
-
    
$
-
    
$
226,131
  
2024
  
$
104,431
    
$
-
    
$
-
    
$
-
    
$
-
    
$
104,431
  
       
Compensation Actually Paid vs. Total Shareholder Return    
Relationship Between Pay and Performance

As reflected in the table above, the Company’s “total stockholder return,” as set forth in the table above, declined significantly over the period presented, with the value of an initial $100 investment decreasing from $123 at the end of 2023 to $105 at the end of 2024 and further to $60 at the end of 2025. Over this same period, “compensation actually paid” to the Company’s principal executive officers declined overall, reflecting changes in leadership and lower equity-related valuation adjustments, with no compensation reported for the former PEO in 2025 and reduced compensation for the current PEO relative to prior periods. Average “compensation actually paid” to non-CEO named executive officers also decreased from $309,950 in 2023 to $200,165 in 2024 and subsequently increased to $271,191 in 2025. Meanwhile, the Company’s net loss increased significantly from $(961,000) in 2023 to $(5,565,000) in 2024 and $(7,103,000) in 2025. Overall, the Company’s executive compensation levels generally reflect its operating performance and declining stockholder returns over the periods presented, although year-over-year changes are also influenced by equity award valuations and changes in executive roles.
        
Compensation Actually Paid vs. Net Income    
Relationship Between Pay and Performance

As reflected in the table above, the Company’s “total stockholder return,” as set forth in the table above, declined significantly over the period presented, with the value of an initial $100 investment decreasing from $123 at the end of 2023 to $105 at the end of 2024 and further to $60 at the end of 2025. Over this same period, “compensation actually paid” to the Company’s principal executive officers declined overall, reflecting changes in leadership and lower equity-related valuation adjustments, with no compensation reported for the former PEO in 2025 and reduced compensation for the current PEO relative to prior periods. Average “compensation actually paid” to non-CEO named executive officers also decreased from $309,950 in 2023 to $200,165 in 2024 and subsequently increased to $271,191 in 2025. Meanwhile, the Company’s net loss increased significantly from $(961,000) in 2023 to $(5,565,000) in 2024 and $(7,103,000) in 2025. Overall, the Company’s executive compensation levels generally reflect its operating performance and declining stockholder returns over the periods presented, although year-over-year changes are also influenced by equity award valuations and changes in executive roles.
        
Total Shareholder Return Amount     $ 60 105 123    
Net Loss     $ (7,103,000) $ (5,565,000) $ (961,000)    
PEO Name Craig D. Hopkins Alexander C. Kinzler Craig D. Hopkins   Alexander C. Kinzler    
Share Price $ 2.26   $ 1.3 $ 2.26   $ 2.64 $ 2.64
Craig D. Hopkins [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 303,022 $ 283,108 $ 0    
PEO Actually Paid Compensation Amount     215,502 260,908 0    
Alexander C. Kinzler [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     0 104,431 328,309    
PEO Actually Paid Compensation Amount     0 97,831 324,509    
Non-PEO NEO Average Total Compensation Amount     226,131 104,431      
Non-PEO NEO Average Compensation Actually Paid Amount     226,131 104,431      
Russell M. Gifford [Member]              
Pay vs Performance Disclosure              
Non-PEO NEO Average Total Compensation Amount     316,250 302,500 313,750    
Non-PEO NEO Average Compensation Actually Paid Amount     316,250 295,900 309,950    
PEO | Craig D. Hopkins [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (113,520) (157,800)      
PEO | Craig D. Hopkins [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     85,800 135,600      
PEO | Craig D. Hopkins [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (38,400) 0      
PEO | Craig D. Hopkins [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (21,400) 0      
PEO | Alexander C. Kinzler [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
PEO | Alexander C. Kinzler [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
PEO | Alexander C. Kinzler [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
PEO | Alexander C. Kinzler [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (6,600) (3,800)    
Non-PEO NEO | Alexander C. Kinzler [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0      
Non-PEO NEO | Alexander C. Kinzler [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0      
Non-PEO NEO | Alexander C. Kinzler [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0      
Non-PEO NEO | Alexander C. Kinzler [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0      
Non-PEO NEO | Russell M. Gifford [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0    
Non-PEO NEO | Russell M. Gifford [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0    
Non-PEO NEO | Russell M. Gifford [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0    
Non-PEO NEO | Russell M. Gifford [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0 $ (6,600) $ (3,800)