STOCKHOLDERS’ EQUITY |
6 Months Ended | 12 Months Ended |
|---|---|---|
Mar. 31, 2026 |
Sep. 30, 2025 |
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| Equity [Abstract] | ||
| STOCKHOLDERS’ EQUITY | 7. STOCKHOLDERS’ EQUITY
Upon formation, the authorized capital of the Company was 100,000,000 shares consisting of shares of common stock, par value $.
Common Stock
The Company’s common shares do not include any dividend or liquidation preferences, participation rights, call prices or unusual voting rights.
Common Stock Issuances
During the three months ended March 31, 2026, the Company sold shares of Company stock in an unregistered offering for net proceeds of $40,000.
During the six months ended March 31, 2026, the Company sold shares of Company stock in an unregistered offering for net proceeds of $222,000.
Share Cancellation
During October of 2025, certain founders and other Company shareholders voluntarily surrendered an aggregate of shares of Common Stock to the Company for no consideration. The cancellation was not given retroactive effect on the balance sheet as, pursuant to SAB Topic 4.C, it was not a stock dividend, stock split or reverse split.
Stock Option Cancellations
During October of 2025, the Company cancelled stock options that were issued to five individuals. The Company recorded an immaterial amount of incremental stock-based compensation expense related to these cancellations.
Stock Option Exercises
During January of 2026, a total of stock options were exercised at a weighted average exercise price of $, resulting in proceeds of $65,000.
During January of 2026, a total of stock options were exercised. These stock options were exercised as a cashless exercise whereby the consideration provided for exercise was forfeiture of shares, resulting in net shares issued of .
Common Stock to be Issued for Services Provided
During the three months ended March 31, 2026, the Company entered into agreements with various service providers to settle existing obligations through the future issuance of shares resulting in the settlement of liabilities totaling $432,450. No gain or loss was recognized from recognition of the transaction.
During the three months ended March 31, 2026, the Company entered into a agreements with two employees for the payment of bonuses through the future issuance of shares resulting in the settlement of liabilities totaling $180,000. No gain or loss was recognized from the transaction.
During the three months ended March 31, 2026, the Company entered into an agreement with a service provider for to settle an existing obligation through the future issuance of shares resulting in the settlement of liabilities totaling $51,533. No gain or loss was recognized from recognition of the transaction.
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8. STOCKHOLDERS’ EQUITY
Upon formation, the authorized capital of the Company was 100,000,000 shares consisting of shares of common stock, par value $.
Ordinary Shares
The Company’s common shares do not include any dividend or liquidation preferences, participation rights, call prices or unusual voting rights.
Share Cancellation
During October of 2025, certain founders and other Company shareholders voluntarily surrendered an aggregate of shares of Common Stock to the Company for no consideration. Consequently, as of the date of the filing, the Company had shares of Common Stock outstanding. The cancellation was not given retroactive effect on the balance sheet as, pursuant to SAB Topic 4.C, it was not a stock dividend, stock split or reverse split.
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