XML 22 R10.htm IDEA: XBRL DOCUMENT

Note 4 - Right-of-use Lease With Related Party

6 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

4. Right-of-Use Lease with Related Party

The Company leases a facility used for executive offices from a related company. The original lease expired in December 2022 and the Company executed a two-year extension through December 2024. The Company extended the lease until November 30, 2025, and upon expiry, the arrangement will be month to month and either party will have the right to terminate on 30 days’ notice.

The components of right-of-use lease cost were as follows:

		Three Months Ended								Six Months Ended
		March 31, 2025				March 31, 2024				March 31, 2025				March 31, 2024
Right-of-use lease cost, included in general and administrative on the Statements of Operations		$	-			$	19,793			$	17,885			$	39,909

Lease terms and discount rates were as follows:

		March 31, 2025				September 30, 2024
Remaining lease term (months):			0				3
Estimated incremental borrowing rate:			9.2	%			9.2	%

Cash flow information was as follows:

		Six Months Ended
		March 31, 2025				March 31, 2024
Cash paid for amounts included in the measurement of right-of-use lease liabilities, included in accounts payable and accrued liabilities on the Statements of Cash Flow.		$	17,885			$	38,907