| 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 March 31, 2026 | | | 18,100,000 | | | $ | 1.83 | | | 7.52 years | | $ | - | | | Exercisable at March 31, 2026 | | | 11,502,083 | | | $ | 1.89 | | | 7.30 years | | $ | - | |
|
| Schedule of Warrants Outstanding |
We have reserved 38,653,029 shares of common
stock for the exercise of outstanding warrants. The following table summarizes the warrants outstanding at March 31, 2026:
| | | Exercise Price | | | Number | | | Expiration Dates | | July 2025 Offering Investors | | $ | 1.09 | | | | 6,818,182 | | | January 20, 2031 | | 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 | | $ | 1.09 | | | | 5,142,858 | | | January 20,2031 | | 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 | | | | 7,046,000 | | | None | | December 2025 Offering Investors | | $ | 1.09 | | | | 16,513,762 | | | 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 | | | | | | | | | 38,653,029 | | | |
|
| Schedule of Common Stock Reserved for Future Issuances |
A summary of common stock reserved for future
issuances by the Company as of March 31, 2026 is as follows:
| Stock plan options outstanding | |
| 18,100,000 | |
| Restricted stock awards | |
| 11,950,000 | |
| Stock plan shares available for future grants | |
| 14,950,000 | |
| Warrants outstanding | |
| 38,653,029 | |
| Total | |
| 83,653,029 | |
|