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EQUITY (Tables)
6 Months Ended
Mar. 31, 2023
EQUITY  
Schedule of Warrant activity

Warrant No./Class

 

Issue Date

 

No. Warrant Shares

 

 

Exercise Price

 

 

Current Expiration Date

 

Amended Expiration Date

 

Clayton A. Struve Warrant

 

08-14-2017

 

 

1,440,000

 

 

$0.25

 

 

08-13-2024

 

08-13-2025

 

Clayton A. Struve Warrant

 

12-12-2017

 

 

1,200,000

 

 

$0.25

 

 

12-11-2024

 

12-11-2025

 

Clayton A. Struve Warrant

 

08-04-2016

 

 

1,785,715

 

 

$0.25

 

 

08-04-2024

 

08-04-2025

 

Clayton A. Struve Warrant

 

02-28-2018

 

 

1,344,000

 

 

$0.25

 

 

02-28-2024

 

02-28-2025

 
Schedule of Warrants outstanding and exercisable

 

 

March 31, 2023

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

 

Shares

 

 

Price

 

Outstanding at beginning of period

 

 

21,786,313

 

 

$1.029

 

Issued

 

 

-

 

 

 

-

 

Exercised

 

 

(50,000)

 

 

(0.250)

Forfeited

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

Outstanding at end of period

 

 

21,736,313

 

 

$1.031

 

Exercisable at end of period

 

 

21,736,313

 

 

 

 

 

 

 

 

March 31, 2023

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

Average

 

 

Average

 

 

 

 

 

Average

 

Number of

 

 

Remaining

 

 

Exercise

 

 

Shares

 

 

Exercise

 

Warrants

 

 

Life ( In Years)

 

 

Price

 

 

Exercisable

 

 

Price

 

 

10,519,381

 

 

 

1.44

 

 

$0.250

 

 

 

10,519,381

 

 

$0.250

 

 

6,512,207

 

 

 

1.88

 

 

 1.20-1.85

 

 

 

6,512,207

 

 

 1.20-1.85

 

 

4,694,725

 

 

 

3.11

 

 

 2.00-3.00

 

 

 

4,694,725

 

 

 2.00-3.00

 

 

10,000

 

 

 

0.25

 

 

 

4.080

 

 

 

10,000

 

 

 

4.080

 

 

21,736,313

 

 

 

2.44

 

 

$1.031

 

 

 

21,736,313

 

 

$1.031

 

Schedule of weighted average assumptions

Assumptions

 

 

 

Dividend yield

 

 

0%

Expected life

 

3-5 years

 

Expected volatility

 

 

104%

Risk free interest rate

 

 

2.96%