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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Mar. 31, 2025
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Summary of the significant unobservable inputs in fair value measurement of Level 3 financial assets and liabilities

Fair value at

Valuation

Unobservable

Volatility

 

    

March 31, 2025

    

Technique

    

Input

    

Input

 

Liabilities:

 

  

 

  

 

  

  

Common Warrants

$

1,000

Monte Carlo simulation

 

Annualized volatility

177.50

%

Series A Warrants

$

140

Monte Carlo simulation

Annualized volatility

182.50

%

Series A Warrants - modified

$

430

Monte Carlo simulation

Annualized volatility

177.50

%

Private Common Warrants

$

6,000

Monte Carlo simulation

Annualized volatility

165.00

%

Summary of change in fair value of warrants

Series A

Private

Common

Series A

Warrants-

Common

    

Warrants

    

Warrants

    

modified

    

Warrants

    

Totals

Fair value at January 1, 2025

$

7,000

$

3,000

 

4,000

 

62,000

$

76,000

Change in fair value

 

(6,000)

 

(2,860)

 

(3,570)

 

(56,000)

 

(68,430)

Fair Value at March 31, 2025

$

1,000

$

140

$

430

$

6,000

$

7,570

    

Series A

Private

Common

Series A

Warrants-

Common

Warrants

    

Warrants

    

modified

    

Warrants

    

Totals

Fair value at October 1, 2024

$

27,000

$

15,000

$

16,000

$

262,000

$

320,000

Change in fair value

(26,000)

(14,860)

 

(15,570)

 

(256,000)

(312,430)

Fair Value at March 31, 2025

$

1,000

$

140

$

430

$

6,000

$

7,570