v3.25.4
Common Stock Warrants
 3 Months Ended
Dec. 31, 2025
Common Stock Warrants  
Common Stock Warrants

Note 11 – Common Stock Warrants

 

Warrants to purchase a total of 17,974,312 shares of common stock were outstanding as of December 31, 2025.

 

The following is a summary of information about our warrants to purchase common stock outstanding at December 31, 2025 (including those issued to both investors and service providers).

 

   Shares Underlying 
Shares Underlying Warrants Outstanding  Warrants Exercisable 
       Weighted            
   Shares   Average  Weighted   Shares   Weighted 
Range of  Underlying   Remaining  Average   Underlying   Average 
Exercise  Warrants   Contractual  Exercise   Warrants   Exercise 
 

Prices

    Outstanding   Life   Price    Exercisable    Price 
                          
$0.0074 -0.30    18,087,363   6.44 years  $0.026    17,387,050   $0.017 

 

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

 

       Weighted 
       Average 
   Number   Exercise 
   of Shares   Price 
Balance, September 30, 2025   17,777,300   $0.023 
Warrants granted   310,063    0.30 
Warrants expired   -    - 
           
Balance, December 31, 2025   18,087,363   $0.028 
           
Exercisable, December 31, 2025   17,387,050   $0.017 

 

As of December 31, 2025, these warrants in the aggregate had $492,718 of intrinsic value as the per share market price of $0.04 of the Company’s common stock as of such date was greater than the exercise price of certain warrants.