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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2025
Stock-Based Compensation [Abstract]  
Schedule of Stock-Based Compensation Expense

During the three and six months ended March 31, 2025 and 2024, stock-based compensation expense related to stock-based awards was included in selling, general and administrative and research and development costs as follows in the accompanying condensed statements of operations.

 

   Three Months Ended   Six Months Ended 
   March 31,   March 31, 
   2025   2024   2025   2024 
Selling, general and administrative  $195,559   $280,516   $465,189   $523,714 
Research and development   54,611    76,342    124,205    141,782 
Total stock-based compensation expense  $250,170   $356,858   $589,394   $665,496 
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 three and six months ended March 31, 2025 and 2024:

 

   Three Months Ended   Six Months Ended 
   March 31,   March 31, 
   2025   2024   2025   2024 
Expected stock price volatility   110.2%   111.7%   110.2%   111.9%
Expected life of options (years)   5.25    6.0    5.25    6.1 
Expected dividend yield   0%   0%   0%   0%
Risk free interest rate   4.3%   4.3%   4.3%   4.6%