v3.25.4
Stockholder's Equity (Tables)
3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Stockholder’s Equity [Abstract]    
Schedule of Stock 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 December 31, 2025   18,100,000   $1.83   7.76 years  $
-
 
Exercisable at December 31, 2025   11,316,667   $1.90   7.53 years  $
-
 

A summary of option activity under the plan is presented below:

 

   Shares   Weighted-
Average
Exercise
Price
   Weighted-
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 
Outstanding at September 30, 2024   12,750,000   $2.15   8.78 years  $
-
 
Granted   5,750,000    1.07         
Forfeited   (400,000)   1.75         
Outstanding at September 30, 2025   18,100,000   $1.83   8.21 years  $5,386,000 
Exercisable at September 30, 2025   9,781,250   $2.02   7.94 years  $1,136,500 
Schedule of Warrants Outstanding The following table summarizes the warrants outstanding at December 31, 2025:
   Exercise
price
   Number   Expiration Dates
July 2025 Offering Investors  $1.32    6,818,182   July 17, 2030
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 Investors  $1.84    5,142,858   March 10, 2031
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    15,229,358   None
December 2025 Offering Investors  $1.09    16,513,762   February 28, 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
         46,836,387    
The following table summarizes the warrants outstanding at September 30, 2025:
   Exercise
price
   Number   Expiration
Dates
July 2025 Offering Investors  $1.32    6,818,182   July 17, 2030
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 Investors  $1.84    5,142,858   March 10, 2031
September 2025 Offering Agent  $1.92    205,714   March 10, 2031
September 2025 Prior Offering Agent  $2.1875    360,000   March 10, 2031
         13,276,754    
Schedule of Common Stock Reserved for Future Issuances

A summary of common stock reserved for future issuances by the Company as of December 31, 2025 is as follows:

 

Stock plan options outstanding     18,100,000  
Restricted stock awards     11,600,000  
Stock plan shares available for future grants     15,300,000  
Warrants outstanding     46,836,387  
Total     91,836,387  

A summary of common stock reserved for future issuances by the Company as of September 30, 2025 is as follows:

 

Stock plan options outstanding   18,100,000 
Restricted stock awards   11,600,000 
Stock plan shares available for future grants   300,000 
Warrants outstanding   13,276,754 
Total   43,276,754