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EQUITY (Tables)
12 Months Ended
Sep. 30, 2022
SIMPLE AGREEMENTS FOR FUTURE EQUITY  
Schedule of Warrant activity

Warrant No./Class

Issue Date

No. Warrant Shares

Exercise Price

Original Expiration Date

Amended Expiration Date

Clayton A. Struve Warrant

 

08-14-2017

1,440,000

0.25

08-13-2023

08-13-2024

Clayton A. Struve Warrant

 

12-12-2017

1,200,000

0.25

12-11-2023

12-11-2024

Clayton A. Struve Warrant

 

08-04-2016

1,785,715

$0.25

08-04-2023

08-04-2024

Clayton A. Struve Warrant

 

02-28-2018

1,344,000

$0.25

02-28-2023

02-28-2024

Schedule of Warrants outstanding and exercisable

 

 

September 30, 2022

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

 

Shares

 

 

Price

 

Outstanding at beginning of period

 

 

22,564,255

 

 

$0.998

 

Issued

 

 

389,800

 

 

 

2.271

 

Exercised

 

 

(1,045,724)

 

 

(0.835)

Forfeited

 

 

-

 

 

 

-

 

Expired

 

 

(122,018)

 

 

(0.918)

Outstanding at end of period

 

 

21,786,313

 

 

$1.029

 

Exerciseable at end of period

 

 

21,786,313

 

 

 

 

 

 

 

 

September 30, 2022

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

Average

 

 

Average

 

 

 

 

 

Average

 

Number of

 

 

Remaining

 

 

Exercise

 

 

Shares

 

 

Exercise

 

Warrants

 

 

Life ( In Years)

 

 

Price

 

 

Exerciseable

 

 

Price

 

 

10,569,381

 

 

 

1.26

 

 

$0.250

 

 

 

10,569,381

 

 

$0.250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,512,207

 

 

 

2.35

 

 

 1.20-1.85

 

 

 

6,512,207

 

 

 1.20-1.85

 

 

4,694,725

 

 

 

3.61

 

 

 2.00-3.00

 

 

 

4,694,725

 

 

 2.00-3.00

 

 

10,000

 

 

 

0.75

 

 

 

4.080

 

 

 

10,000

 

 

 

4.080

 

 

21,786,313

 

 

 

2.85

 

 

$1.029

 

 

 

21,786,313

 

 

$1.029

 

Schedule of weighted average assumptions

Dividend yield

0%

Expected life

3-5 years

Expected volatility

104%

Risk free interest rate

2.96%