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Fair Value Measurements (Tables)
3 Months Ended
Dec. 31, 2024
Fair value  
Schedule of assets and liabilities measured at fair value

December 31, 2024

    

(Level 1)

    

(Level 2)

    

(Level 3)

Liabilities

Unsecured convertible promissory note

$

$

$

30,744,000

Warrant liability

18,826,133

Total

$

$

$

49,570,133

September 30, 2024

(Level 1)

    

(Level 2)

    

(Level 3)

Liabilities

Unsecured convertible promissory note

$

$

$

29,440,000

Warrant liability

59,099,013

Total

$

$

$

88,539,013

Schedule of changes in the fair value of Level 3 liabilities

Unsecured Convertible

    

Promissory Note

    

Warrants

Balance at October 1, 2024

$

29,440,000

$

59,099,013

Change in fair value

1,304,000

(40,272,880)

Balance at December 31, 2024

$

30,744,000

$

18,826,133

December 2022 Note  
Fair value  
Schedule of fair value inputs

December 31, 2024

September 30, 2024

Term (years)

0.5

0.8

Volatility

134.0

%  

91.0

%

Risk-free rate

4.2

%

4.2

%

Dividend yield

%

%

Credit-adjusted discount rate

20.5

%

20.4

%

Stock price

$

1.89

$

5.34

Common stock warrants  
Fair value  
Schedule of fair value inputs

    

December 31, 2024

September 30, 2024

Risk-free interest rate

4.34

%  

3.58

%

Remaining contractual term of warrants (years)

4.2

4.5

Expected volatility

135.5

%

125.0

%

Annual dividend yield

%

%

Stock price

$

1.89

$

5.34