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15. STOCK WARRANTS
 12 Months Ended
Sep. 30, 2024
Stock Warrants  
STOCK WARRANTS

15. STOCK WARRANTS

The following is a summary of stock warrant activity during the years ended September 30, 2024, 2023 and 2022:

 

 

Number of
Warrant
Shares

 

 

Weighted
Average
Exercise
Price ($)

 

Balance, September 30, 2021

 

 

615,554

 

 

$

30.72

 

Warrants expired

 

 

(413,334

)

 

$

39.38

 

Warrants exercised

 

 

—

 

 

$

-

 

Balance, September 30, 2022

 

 

202,220

 

 

$

13.03

 

Warrants expired

 

 

(16,660

)

 

$

8.00

 

Warrants exercised

 

 

—

 

 

$

-

 

Balance, September 30, 2023

 

 

185,560

 

 

$

13.49

 

Warrants expired

 

 

(103,000

)

 

$

18.20

 

Warrants exercised

 

 

(65,000

)

 

$

8.00

 

Balance, September 30, 2024

 

 

17,560

 

 

$

6.12

 

As of September 30, 2024, there were warrants exercisable to purchase 17,560 shares of common stock in the Company and there were no warrants that were unvested. All outstanding warrants contain provisions allowing a cashless exercise at their respective exercise prices.

As of September 30, 2024, 10,000 of the outstanding warrants had a remaining term of 3.9 years and an intrinsic value of $13. The remaining 17,560 of the outstanding warrants do not have expiration dates and have an intrinsic value of $43.

During the fiscal year ended September 30, 2024, there were 65,000 warrants exercised on a cash-less basis, with 42,777 net shares issued. There were no warrants issued for fiscal years ended September 30, 2023 or 2022.