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Common Stock Warrants
6 Months Ended
Mar. 31, 2024
Common Stock Warrants  
Common Stock Warrants

Note 11 – Common Stock Warrants

 

Warrants to purchase a total of 15,387,050 shares of common stock were outstanding as of March 31, 2024.

 

The following is a summary of information about our warrants to purchase common stock outstanding at March 31, 2024 (including those issued to both investors and service providers).

 

Shares Underlying Warrants Outstanding   Shares Underlying Warrants Exercisable 
        Weighted            
    Shares   Average  Weighted   Shares   Weighted 
Range of   Underlying   Remaining  Average   Underlying   Average 
Exercise   Warrants   Contractual  Exercise   Warrants   Exercise 
Prices   Outstanding   Life  Price   Exercisable   Price 
 $0.0074 -0.10    15,387,050   8.26 years  $0.016    15,387,050   $0.016 

 

 

The following is a summary of activity of outstanding common stock warrants:

 

       Weighted 
       Average 
   Number   Exercise 
   of Shares   Price 
Balance, September 30, 2023   15,387,050   $0.016 
Warrants granted   -    - 
Warrants expired   -    - 
           
Balance, March 31, 2024   15,387,050   $0.016 
           
Exercisable, March 31, 2024   15,387,050   $0.016 

 

As of March 31, 2024, these warrants in the aggregate had $197,196 of intrinsic value as the per share market price of $0.02 of the Company’s common stock as of such date was greater than the exercise price of certain warrants.