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SHARE-BASED COMPENSATION
 12 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION

NOTE 19 – SHARE-BASED COMPENSATION

 

On September 25, 2019, the Company cancelled all outstanding options granted to Saagar Govil, the Company’s Chairman and CEO and granted a stock option for 1 share. This option has an exercise price of $1,759,228 per share, which vested upon grant, and they expire after seven years. Additionally, Mr. Govil was granted additional future options;

 

(i) 1 share of the Corporation’s common stock, CETX, at an exercise price of $2,100,630 per share vesting on September 25, 2021;
   
(ii) 1 share of the Corporation’s common stock, CETX, at an exercise price of $2,520,756 per share vesting on September 25, 2023; and
   
(iii) 1 share of the Corporation’s common stock, CETX, at an exercise price of $3,024,907 per share vesting on September 25, 2025.

 

During the years ended September 30, 2025, and 2024 the Company recognized $14,236 and $30,325 of share-based compensation expense on its outstanding options, respectively. The share-based compensation is listed under the caption “General and administrative” expenses on the Company’s Consolidated Statements of Operations.

 

As of September 30, 2025, there was $0 of total unrecognized compensation cost related to non-vested stock options.

  

   Number of Options   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term (in years)   Aggregate Intrinsic Value 
Outstanding at September 30, 2023   7   $1,527,357    3.06   $     - 
Options granted   -    -    -      
Options exercised   -    -    -      
Options forfeited   -    -    -      
Options cancelled   -    -    -      
Outstanding at September 30, 2024   7   $1,527,357    2.05   $- 
Vested and exercisable at September 30, 2024   7   $1,527,357    2.05   $- 
Options granted   -    -    -      
Options exercised   -    -    -      
Options forfeited   -    -    -      
Options cancelled   -    -    -      
Outstanding at September 30, 2025   7   $1,527,357    1.05   $- 
Vested and exercisable at September 30, 2025   7   $1,527,357    1.05   $-