| Schedule of Option Activity |
A summary of option activity under the stock plans is presented below:
| | | Shares | | | Weighted- Average Exercise Price | | | Weighted- Average Remaining Contractual Term | | Aggregate Intrinsic Value | | | Outstanding at September 30, 2025 | | | 18,100,000 | | | $ | 1.83 | | | 8.21 years | | $ | 5,386,000 | | | Granted | | | - | | | | - | | | | | | | | | Forfeited | | | - | | | | - | | | | | | | | | Outstanding at June 30, 2026 | | | 18,100,000 | | | $ | 1.83 | | | 7.27 years | | $ | - | | | Exercisable at June 30, 2026 | | | 11,316,667 | | | $ | 1.90 | | | 7.03 years | | $ | - | |
|
| Schedule of Warrants Outstanding |
The following table summarizes the warrants outstanding at June 30, 2026: | | | Exercise Price | | | Number | | | Expiration Dates | | July 2025 Offering Agent | | $ | 1.65 | | | | 272,727 | | | July 17, 2030 | | July 2025 Prior Offering Agent | | $ | 1.65 | | | | 477,273 | | | July 17, 2030 | | September 2025 Offering Agent | | $ | 1.92 | | | | 205,714 | | | March 10, 2031 | | September 2025 Prior Offering Agent | | $ | 2.1875 | | | | 360,000 | | | March 10, 2031 | | December 2025 Offering Investors | | $ | 0.0001 | | | | 7,046,000 | | | None | | December 2025 Offering Investors | | $ | 0.90 | | | | 15,697,024 | | | January 20, 2031 | | December 2025 Placement Offering Agent | | $ | 1.3625 | | | | 1,155,963 | | | December 8, 2030 | | December 2025 Prior Offering Agent | | $ | 1.199 | | | | 660,550 | | | December 8, 2030 | | May 2026 Loan Agreement Lenders | | $ | 0.90 | | | | 1,111,111 | | | May 22, 2031 | | May 2026 Warrant Inducement Investor | | $ | 0.90 | | | | 25,555,556 | | | May 22, 2031 | | May 2026 Warrant Placement Offering Agent | | $ | 1.125 | | | | 894,444 | | | June 18, 2031 | | May 2026 Warrant Placement Prior Offering Agent | | $ | 1.199 | | | | 511,111 | | | June 18,2031 | | | | | | | | | 53,947,473 | | | |
|
| Schedule of Common Stock Reserved for Future Issuances |
A summary of common stock reserved for future
issuances by the Company as of June 30, 2026 is as follows:
| Stock plan options outstanding | |
| 18,100,000 | |
| Restricted stock unit awards | |
| 11,950,000 | |
| Stock plan shares available for future grants | |
| 14,950,000 | |
| Warrants outstanding | |
| 53,947,473 | |
| Total | |
| 98,947,473 | |
|