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SUBSEQUENT EVENTS | 6 Months Ended
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Mar. 31, 2026
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 14 - SUBSEQUENT EVENTS: In accordance with ASC 855-10, “Subsequent Events,” the Company evaluated subsequent events after March 31, 2026, through the date the consolidated financial statements were issued. Except as disclosed below, the Company did not identify any other subsequent events requiring recognition or disclosure in the consolidated financial statements. Note Purchase Agreement with Streeterville Capital, LLC On May 13, 2026, the Company entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with Streeterville Capital, LLC, a Utah limited liability company (the “Investor”), pursuant to which the Company issued a Secured Promissory Note (the “Note”) in the original principal amount of $3,240,000, which includes an original issue discount of $240,000. The purchase price for the Note was $3,000,000. After deducting a $30,000 transaction expense amount payable to the Investor, net proceeds to the Company were approximately $2,970,000. The Note bears interest at 8% per annum, compounding daily based on a 360-day year of twelve 30-day months, and matures eighteen (18) months after the date the purchase price is delivered to the Company (the “Purchase Price Date”). Beginning six months after issuance, the Investor may redeem up to $250,000 of the outstanding balance per month, with each redemption payable within three (3) business days. In addition, the Investor may require additional redemptions equal to 10% of the traded dollar volume on a trading day when the Company’s stock price trades at more than 10% above the Nasdaq Minimum Price.The Company has the right, subject to specified equity conditions, to satisfy redemption obligations in shares of its common stock at the Nasdaq Minimum Price. The Company may also prepay the Note in full at 110% of the then-outstanding balance. The Company is evaluating the accounting implications of the Note and related agreements, including classification, the accounting for discounts and fees, and whether any features require separate accounting under ASC 815. As this evaluation is ongoing, the Company is unable to estimate the financial statement impact of the transaction at this time.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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