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Stock-Based Compensation (Tables)
3 Months Ended
Dec. 31, 2024
Share-based Compensation  
Schedule of stock-based compensation expense

Three months ended December 31, 

    

2024

    

2023

Research and development

$

110,029

$

231,416

General and administrative

3,562,391

1,041,195

$

3,672,420

$

1,272,611

Employee Stock Option  
Share-based Compensation  
Schedule of stock option activity

Weighted

Average

Weighted

Remaining

Number of

Average

Contractual

Aggregate

    

Shares

    

Exercise Price

    

Term (Years)

    

Intrinsic Value

Balance at October 1, 2024

1,946,646

$

19.51

Granted

1,179,276

5.22

Forfeited

(304,636)

10.25

Expired

(4,435)

46.78

Balance at December 31, 2024

2,816,851

$

14.49

8.2

$

Vested and exercisable at December 31, 2024

1,375,258

$

22.83

6.7

$

Schedule of option assumptions

Three months ended December 31, 

2024

    

2023

Risk-free interest rate

    

3.5

%  

4.6

%

Expected term (years)

5.5

5.5

Expected volatility

134.0

%  

130.6

%

Expected dividend yield

Performance-based stock options  
Share-based Compensation  
Schedule of stock option activity

Weighted

Average

Weighted

Remaining

Number of

Average

Contractual

Aggregate

    

Shares

    

Exercise Price

    

Term (Years)

    

Intrinsic Value

Balance at October 1, 2024

666,500

$

7.94

Granted

Forfeited

(476,500)

6.78

Balance at December 31, 2024

190,000

$

10.85

8.6

$

Vested and exercisable at December 31, 2024

35,000

$

28.80

6.1

$