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SUBSEQUENT EVENTS | 9 Months Ended
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Jun. 30, 2024
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 24 – SUBSEQUENT EVENTS On August 2, 2024, we filed a Certificate of Amendment to our Certificate of Incorporation with the Secretary of State of Delaware to increase our authorized shares of common stock from 50,000,000 shares to 70,000,000 shares, par value $0.001 per share. On July 22, 2024, the Board of Directors of the Company approved, and the holders of an excess of a majority of the outstanding shares of our classes of voting stock of the Company have executed a written consent in lieu of a special meeting approving a Certificate of Amendment to our Certificate of Incorporation to authorize a reverse split of our outstanding shares of common stock, par value $0.001 per share, with a split ratio of between 1 for 10 and 1 for 20, which will be determined by the Board of Directors at any time or times for a period of 12 months after the date of the written consent. Pursuant to Rule 14c-2 under the Exchange Act, this corporate action will not be effected until at least twenty (20) calendar days after the mailing of the Information Statement to our stockholders. The following table, which is for illustrative purposes only, illustrates the effects of Reverse Split at certain exchange ratios within the foregoing range, without giving effect to any adjustments for fractional shares of common stock, on our outstanding shares of common stock and authorized shares of capital stock as of the Balance Sheet date. SCHEDULE SHARES OF COMMON STOCK AND AUTHORIZED SHARES OF CAPITAL STOCK
|  |  |  |  | 1-for-10 |  |  | 1-for-20 |
|  | Before Reverse Split |  |  | After Reverse Stock Split |
|  |  |  |  | 1-for-10 |  |  | 1-for-20 |
Common Stock Authorized (1) |  |  | 70,000,000 |  |  |  | 70,000,000 |  |  |  | 70,000,000 |
Preferred Stock Authorized |  |  | 10,000,000 |  |  |  | 10,000,000 |  |  |  | 10,000,000 |
Common Stock Issued and Outstanding |  |  | 16,352,270 |  |  |  | 1,635,227 |  |  |  | 817,614 |
Common Stock Underlying Options and Warrants |  |  | 50,637,843 |  |  |  | 5,063,784 |  |  |  | 2,531,892 |
Common Stock Available for Grant under 2020 Equity Compensation Plan |  |  | 1,991,207 |  |  |  | 199,121 |  |  |  | 99,560 |
| (1) | Considers the increase in authorized shares which became effective on August 2, 2024.
On July 11, 22, and 23, 2024, the Company issued an aggregate of 900,000 shares of common stock to satisfy the exercise of 300,000 Series A Warrants under the alternative cashless exercise. On August 8, 2024, the Company issued 185,186 shares of common stock in exchange for services rendered.

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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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