v3.26.1
WARRANTS, STOCK OPTIONS and RESTRICTED STOCK UNITS (Tables)
6 Months Ended
Mar. 31, 2026
WARRANTS, STOCK OPTIONS and RESTRICTED STOCK UNITS  
Schedule of change in warrants outstanding

The following table summarizes the changes in warrants outstanding. These warrants were granted as part of financing transactions, as well as in lieu of cash compensation for services performed or as financing expenses in connection with the sales of the Company’s common stock.

  ​ ​ ​

  ​ ​ ​

Weighted

Average 

  ​ ​ ​

  ​ ​ ​

Exercise

Number of 

Price Per

Shares

Share

Balance at October 1, 2025

 

3,121,203

$

7.98

Granted

 

16,197,178

2.52

Exercised

 

(1,244,608)

0.59

Cancelled or expired

 

(10,440)

5.13

Balance at March 31, 2026

 

18,063,333

$

4.47

Summary of assumptions used in valuation of stock options The fair value for options granted was calculated using the following weighted average assumptions:

Stock price

  ​ ​ ​

$

1.20

Exercise price

$

1.20

Expected term

 

5.26

Dividend yield

 

Volatility

 

161

%

Risk free rate

 

3.96

%