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EQUITY (Tables)
 9 Months Ended 12 Months Ended
Jun. 30, 2023
Sep. 30, 2022
Equity [Abstract]    
SCHEDULE OF STOCK OPTION TRANSACTIONS

Stock option transactions are summarized as follows:

 

   Number
of options		   Weighted Average
Exercise Price		 
         
Balance, September 30, 2021   37,917   $19.51 
Granted   55,000    10.51 
Cancelled   (8,334)   17.34 
           
Balance, September 30, 2022   84,583   $13.26 
Cancelled   (3,333)   10.66 
Balance, June 30, 2023   81,250   $13.74 
           
Exercisable at June 30, 2023   81,250   $74 

Stock option transactions are summarized as follows:

  

   Number
of options		   Weighted
Average
Exercise Price		 
         
Balance, September 30, 2020   39,003   $18.75 
Cancelled   (1,086)   23.70 
           
Balance, September 30, 2021   37,917   $19.51 
Granted   55,000    10.51 
Cancelled   (8,334)   17.34 
           
Balance, September 30, 2022   84,583   $13.26 
           
Exercisable at September 30, 2022   83,333   $13.42 
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS USED IN THE FAIR VALUE

   2023   2022 
         
Risk-free interest rate   -    1.5%
Expected life of options   -    10 Years 
Expected annualized volatility   -    96.56%
Dividend rate   -    Nil 
Weighted average fair value of options granted   -   $10.17 

 

   2022   2021 
         
Risk-free interest rate   1.50%   - 
Expected life of options   10 Years    - 
Expected annualized volatility   96.56%   - 
Dividend rate   Nil    - 
Weighted average fair value of options granted  $10.17   $- 
SCHEDULE OF STOCK OPTIONS OUTSTANDING

As June 30, 2023, the following stock options were outstanding:

 

Number
of Options		  Exercise Price   Issuance Date   Expiry Date 
22,917  $22.50    December 4, 2017    December 4, 2027 
5,000  $13.50    November 1, 2018    November 1, 2028 
5,000  $2.25    March 16, 2020    March 16, 2030 
48,333  $10.80    October 6, 2021    October 6, 2031 
81,250               

As September 30, 2022, the following stock options were outstanding:

 

Number
of Options		   Exercise Price   Expiry Date
 27,917   $21.90   December 4, 2027
 5,000   $13.14   November 1, 2028
 5,000   $2.19   March 16, 2030
 51,666   $10.51   October 6, 2031
 84,583         
SCHEDULE OF WARRANTS TRANSACTIONS

Warrant transactions are summarized as follows:

 

   Number
of Warrants		   Weighted
Average
Exercise
Price		 
         
Balance, September 30, 2021   208,332   $9.42 
Granted   888,738    12.91 
           
Balance, September 30, 2022   1,097,070   $12.12 
Exercised   (273,410)   2.86 
Granted   295,282    4.50 
           
Balance, June 30, 2023   1,118,942    9.98 

Warrant transactions are summarized as follows:

  

   Number
of Warrants		   Weighted
Average
Exercise
Price		 
         
Balance, September 30, 2020   80,087   $12.77 
Granted   208,333    9.48 
Warrants expired   (80,087)   13.46 
           
Balance, September 30, 2021   208,333   $9.42 
Granted   888,763    12.91 
           
Balance, September 30, 2022   1,097,096   $12.12 
SCHEDULE OF WARRANTS OUTSTANDING

As June 30, 2023, the following warrants were outstanding:

 

Number
of Warrants		  Exercise Price   Issuance Date   Expiry Date 
             
17,558  $24.30    November 4, 2021    November 4, 2023 
597,770  $12.60    March 29, 2022    March 29, 2027 
295,282  $4.50    June 30, 2023    June 30, 2028 
208,332  $9.00    September 30, 2021    September 30, 2031 
1,118,942               

As September 30, 2022, the following warrants were outstanding:

 

Number
of Warrants		   Exercise Price   Expiry Date
         
 24,739   $23.65   November 4, 2023
 864,024   $12.60   March 29, 2027
 208,333   $8.76   October 1, 2031
 1,097,096         
SCHEDULE OF VALUATION OF WARRANTS

The following weighted average assumptions were used for the Black-Scholes valuation of warrants as at June 30, 2023 and September 30, 2022:

 

   June 30,
2023		   September 30,
2022		 
         
Risk-free interest rate   4.58%   3.79%
           
Expected life of options   0.33 Year    1 Year 
Expected annualized volatility   73.12%   135.59%
Dividend rate   Nil    Nil 
Weighted average fair value of options granted  $0.00   $1.46 

The following weighted average assumptions were used for the Black-Scholes valuation of warrants as at September 30, 2022 and November 4, 2021:

 

           
   September 30,2022   November 4, 2021 
         
Risk-free interest rate   3.79%   0.98%
Expected life of options   1 Year    2 Years 
Expected annualized volatility   135.59%   153.02%
Dividend rate   Nil    Nil 
Weighted average fair value of options granted  $1.46   $11.45