v3.25.4
OPTIONS (Tables)
12 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

For the purpose of determining the fair market value of the options issued on June 2, 2020, the Company used the Black Scholes valuation model. The significant assumptions used in the Black Scholes valuation model for the options are as follows:

 

Risk Free Interest Rate   0.32%
Stock Volatility Factor   146.0%
Weighted Average Expected Option Life   5 Years
Expected Dividend Yield   None
Risk Free Interest Rate   3.68%
Stock Volatility Factor   146.79%
Weighted Average Expected Option Life   5 Years
Expected Dividend Yield   None
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

A summary of the Company’s options activity and related information follows for the period ended September 30, 2023:

 

   September 30, 2024 
       Weighted 
   Number   average 
   Of   exercise 
   Options   price 
Outstanding - beginning of period   5,542,857   $0.115 
Granted   -   $- 
Exercised   -   $- 
Forfeited   -   $- 
Outstanding - end of period   5,542,857   $0.115 
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

At September 30, 2024, the weighted average remaining contractual life of options outstanding:

 

    September 30, 2023 
            Weighted 
            Average 
            Remaining 
Exercisable   Options   Options   Contractual 
Prices   Outstanding   Exercisable   Life (years) 
$0.01    2,000,000    2,000,000    6.00 
$0.175    3,542,857    3,542,857    8.45 
 Total    5,542,857    5,542,857    7.57