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Series 1 Nonconvertible Preferred Stock
9 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Series 1 Nonconvertible Preferred Stock

7. Series 1 Nonconvertible Preferred Stock

 

As of June 30, 2022, 1,930 shares of Series 1 nonconvertible preferred stock were issued and outstanding. Since these shares qualify as a derivative, the outstanding shares are carried at fair value as a liability on the Company’s consolidated balance sheet.