SUBSEQUENT EVENT

9 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENT

NOTE 13                SUBSEQUENT EVENT

On July 31, 2023, we were notified by Nasdaq that we are not compliant with its closing bid price requirement because the closing bid price of our common stock was below $1.00 per share for 30 consecutive trading days.  We have until January 29, 2024 (the “Deadline Date”) to become compliant.  We have since remained non-compliant with the closing bid price requirement as our stock price has remained below $1.00 since we received the notice. We are assessing all options to regain compliance. At our annual stockholders’ meeting, which is customarily held in February, we have the option to ask our stockholders to approve a reverse stock split in an amount that would satisfy Nasdaq listing requirements. Because the Deadline Date is prior to our expected annual stockholders’ meeting date, we can request an extension of time to obtain stockholder approval for a reverse stock split if we cannot regain compliance by other means. (See Part II. Other Information, Item 1A. Risk Factors, for further information.)