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13. STOCK WARRANTS
 12 Months Ended
Sep. 30, 2023
Stock Warrants  
12. STOCK WARRANTS

13. STOCK WARRANTS

The following is a summary of stock warrant activity during the years ended September 30, 2023 and 2022.

 

 

Number of
Warrant
Shares

 

 

Weighted
Average
Exercise
Price ($)

 

Balance, September 30, 2021

 

 

615,554

 

 

$

30.72

 

Warrants granted

 

 

—

 

 

 

—

 

Warrants expired

 

 

(413,334

)

 

 

39.38

 

Balance, September 30, 2022

 

 

202,220

 

 

$

13.03

 

Warrants granted

 

 

—

 

 

 

—

 

Warrants expired

 

 

(16,660

)

 

 

8.00

 

Balance, September 30, 2023

 

 

185,560

 

 

$

13.49

 

 

As of September 30, 2023, there are warrants exercisable to purchase 185,560 shares of common stock in the Company and there are no warrants that are unvested. All outstanding warrants contain provisions allowing a cashless exercise at their respective exercise prices.

As of September 30, 2023, the outstanding warrants have a weighted average remaining term of 2.15 years and an intrinsic value of $2.

During the years ended September 30, 2023 and 2022, there were no exercise of warrants.