v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Sep. 30, 2025
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Summary of the significant unobservable inputs in fair value measurement of Level 3 financial assets and liabilities

Fair value at

  ​ ​ ​

September 30, 2025

Liabilities:

Common Warrants

$

20.00

Series A Warrants

$

Series A Warrants - modified

$

10.00

Private Common Warrants

$

340.00

Series A

Private

Series A

  ​ ​ ​

Common

Series A

Warrants –

Common

  ​ ​ ​

Warrants

  ​ ​ ​

Warrants

  ​ ​ ​

modified

  ​ ​ ​

Warrants

Stock price

$

3.88

$

3.88

$

3.88

$

3.88

Exercise price

$

9,135

$

60,000

$

9,135

$

9,135

Dividend yield

0

%  

0

%  

0

%  

0

%

Selected Volatility

172.50

%  

190.00

%  

172.50

%  

170.00

%

Risk free rate

3.61

%  

3.61

%  

3.61

%  

3.65

%

Fundamental transaction probability (significant unobservable input)

80.00

%  

80.00

%  

80.00

%  

80.00

%

Fundamental transaction Black Scholes Volatility

227.30

%  

100.00

%  

227.30

%  

227.30

%

Fundamental transaction timing (significant unobservable input)

09/30/2027

09/30/2027

09/30/2027

09/30/2027

Summary of change in fair value of warrants

  ​ ​ ​

Series A

Private

Common

Series A

Warrants-

Common

Warrants

  ​ ​ ​

Warrants

  ​ ​ ​

modified

  ​ ​ ​

Warrants

  ​ ​ ​

Totals

Fair value at October 1, 2024

$

27,000

$

15,000

 

$

16,000

 

$

262,000

$

320,000

Change in fair value

(26,980)

(15,000)

 

(15,990)

 

(261,660)

(319,630)

Fair Value at September 30, 2025

$

20

$

$

10

$

340

$

370