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Stock-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2024

Stock-Based Compensation [Abstract]

Schedule of Stock-Based Compensation Expense

During the years ended September 30, 2024 and 2023, stock-based expense related to the stock options and restricted stock units was included in selling, general and administrative and research and development costs as follows in the accompanying statements of operations:

		2024				2023
Selling, general and administrative		$	1,064,819			$	905,108
Research and development			279,657				200,349
Total stock-based compensation expense		$	1,344,476			$	1,105,457

Schedule of Stock Option Plan Activity

The following table summarizes the Company’s stock option plan activity for the years ended September 30, 2024 and 2023 as follows:

		Number of Options				Weighted Average Exercise Price				Weighted- Average Remaining Contractual Term (years)				Aggregate Intrinsic Value(1)
Outstanding at September 30, 2022			1,239,915			$	5.40				8.0			$	89,295
Granted			469,512			$	1.55				—				—
Exercised			—			$	—				—				—
Forfeited/Cancelled			(1,000	)		$	3.78				—				—
Outstanding at September 30, 2023			1,708,427			$	4.34				7.7			$	20,064
Granted			1,225,669			$	1.26				—				—
Exercised			—			$	—				—				—
Forfeited/Cancelled			(120,000	)		$	1.33				—				—
Outstanding at September 30, 2024			2,814,096			$	3.13				7.7			$	22,685
Vested and expected to vest at September 30, 2024			2,814,096			$	3.13				7.7			$	22,685
Vested and exercisable at September 30, 2024			1,409,840			$	4.79				6.4			$	22,643

Schedule of Weighted Average Assumptions

The weighted-average assumptions used in the Black-Scholes option-pricing model are as follows for the stock options granted during the years ended September 30:

		2024				2023
Expected stock price volatility			111.9	%			57.4	%
Expected life of options (years)			6.1				5.8
Expected dividend yield			0	%			0	%
Risk free interest rate			4.6	%			3.7	%

Schedule of Summary of Restricted Stock Unit

A summary of restricted stock unit (“RSU”) activity is as follows for the years ended September 30, 2024 and 2023:

		Number of
		Shares
Non-vested at September 30, 2022			414,430
Granted			310,728
Vested			(331,788	)
Non-vested at September 30, 2023			393,370
Granted			1,006,725
Vested			(270,333	)
Non-vested at September 30, 2024			1,129,762

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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