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13. STOCK WARRANTS

6 Months Ended

Mar. 31, 2024

13. STOCK WARRANTS

The following is a summary of stock warrant activity during the six months ended March 31, 2024.


	Number of Warrant Shares			Weighted Average Exercise Price ($)
Balance, September 30, 2023		185,560		$	13.49
Warrants expired		(103,000	)	$	18.20
Warrants exercised		(65,000	)	$	8.00
Balance, March 31, 2024		17,560		$	6.12

As of March 31, 2024, there were warrants exercisable to purchase 17,560 shares of common stock in the Company and there were no warrants that were unvested. These warrants have a weighted average exercise price of $6.12. During the six months ended March 31, 2024, there were 65,000 warrants exercised on a cash-less basis, with 42,777 net shares issued.

As of March 31, 2024, 10,000 of the outstanding warrants had a remaining term of 4.4 years and an intrinsic value of $132. The remaining 7,560 of the outstanding warrants do not have expiration dates and have an intrinsic value of $133.