Note 11 – Common Stock Warrants

Warrants to purchase a total of 17,777,300 shares of common stock were outstanding as of September 30, 2025.

There were no issuances of common stock warrants during the year ended September 30, 2024.

During the year ended September 30, 2025, the Company issued 2,000,000 warrants to an outside consultant with an exercise price of $0.02, and a term of ten years after the issuance date and which vest immediately. The Company valued the warrants at $59,799.

The following is a summary of information about our warrants to purchase common stock outstanding at September 30, 2025 (including those issued to both investors and service providers).

Summary of Common Stock Warrants Outstanding

The fair value of each warrant grant is estimated on the date of grant using the Black-Scholes Option Pricing Model with the following weighted-average assumptions used for grants under the fixed option plan:

The following is a summary of activity of outstanding common stock warrants:

Schedule of Outstanding Common Stock Warrants Activity

As of September 30, 2025, these warrants in the aggregate had $219,461 of intrinsic value as the per share market price of $0.023 of the Company’s common stock as of such date was greater than the exercise price of certain warrants.